Corn‐Ethanol Plant Investment: A Real Options Case Study
通过净现值和实物期权方法，分析2015年内布拉斯加州一家合作社是否投资新建玉米乙醇工厂的决策，并提供配套教学材料。
The objective of this article is to describe an investment decision using net present value and real options. A case study describes the data and the corn‐ethanol industry so students can study a cooperative's decision of whether or not to invest in a new corn‐ethanol plant in 2015 Nebraska. An extensive set of information accompanies this case, including spreadsheets with data, computer software code, lesson plans for teaching real options and net present value, and an extensive teaching note.