Omitir los comandos de cinta
Saltar al contenido principal
Inicio de sesión
Universidad EAFIT
Carrera 49 # 7 sur -50 Medellín Antioquia Colombia
Carrera 12 # 96-23, oficina 304 Bogotá Cundinamarca Colombia
(57)(4) 2619500 contacto@eafit.edu.co

18th Annual International Conference on Real Options Academic Program - 18th Annual International Real Options Conference

EAFITEducación Continua EAFITEducación Continua / Eventos académicos18th Annual International Conference on Real OptionsAcademic Program - 18th Annual International Real Options Conference

Academic Program

​​​​​​

Thursday, July 24​

​Time​​​

Confere​​nce​

Speaker​​

​9:00 a.m. ​​- 10:00 a.m.
Registration​
​
​9:00 a.m. - 9:45 a.m.​Valuing Real Options using binomial tress​Lenos Trigeorgis (U. of Cyprus y King's College, London, UK)
​9:45 a.m. - 10:30 a.m.​Valuing Real Options using simulation​L.E. Brandão (PUC-Rio,Brazil)
​10:30 a.m. - 11:00 a.m.​Morning Coffee Break​
​11:00 a.m. - 11: 55 a.m.​Case studies using binomial tres and simulation​Marco A.G. Dias (Petrobras and PUC-Rio, Brazil)
​12:00 p.m. - 1:45 p.m.​Luncheon​
​1:45 p.m. - 2:00 p.m.​President's Welcome​Lenos Trigeorgis (U. of Cyprus and King's College, London, UK)




​​​​​​​2:00 p.m. - 3:40 p.m.​​ ​ ​ ​		​Project and firm valuation in mining exploration: An application in Peru​​O. Miranda and  L.E. Brandão (PUC-Rio, Brazil)
​Optical harvest policies: An application to Pine Harvesting in Chile​​O. Miranda and  L.E. Brandão (PUC-Rio, Brazil)
​Real options and determinants of idiosyncratic skewness​​L. Del Viva (ESADE Business School, Spain) and E. Kasanen (Aalto U., Finland)
​The impact of growth options and distress risk on stock returns​L. Trigeorgis, N. Lambertides (Cyprus U. of Technology) and L. Del Viva (ESADE Business School, Spain)
​3:40 p.m.- 4:10 p.m.​Afternoon Coffee Break​
​4:10 p.m.- 5:00 p.m.​Keynote address: Application of Real Options in Petroleum & Energy​Marco A.G. Dias (Petrobras and PUC-Rio, Brazil)
​







5:00 p.m. - 6:00 p.m.		​







Panel discussion: Real Options Application: Successes and Impediments		​
Moderator: Cecilia Maya Ochoa (CFO XM, Colombia)

Panelists include:

Luiz Brandão (PUC-Rio,Brazil)

Marco A.G. Dias (Petrobras and PUC-Rio, Brazil)

Luis Hernandez Alburquerque (Leader y Strategic Group, Colombia)

Luis Alfredo Mogollón (Ecopetrol, Colombia)

Lenos Trigeorgis (U. of Cyprus and King's College, London, UK)
​6:00 p.m. - 7:15 p.m.​Networking reception​​Sponsored by ROG and EAFIT University​​

Friday, July 25

Track 1​

​ Time​​Conference​Speaker





​​​9:00 a.m. - 10:15 a.m.​ ​ ​ ​		​Natural resources & energy​Marco A.G. Dias (Petrobras and PUC-Rio, Brazil)
​Valuing flexibility in bilateral power purchase contracts: An application to electricity markets in Brazil​R. Igrejas, L. Lima Gomez and L.E. Brandao (PUC- Aalto Rio,Brazil)
​Investment in deep-water oil & gas exploration projects: A multi-factor analysis​X.Qui y Z.Zang (China U. of Petroleum at Beijing,China) 
​Valuation of Nonrenewable resources with endogenous costs: A mature oil well in Colombia​ S. Cabrales and R. Bautista (U.de los Andes, Colombia)
​10:15 a.m. - 10:45 a.m.​Morning Coffee Break​





​​​10:45 a.m. - 12:00 a.m.​ ​ ​ ​		​Various Applications using simulationA. Mora Valencia (U.EAFIT, Colombia)
​Valuing the flexibility of switching outputs in a fertilizer plant​R.Rodrigues, L.Ozorio, C. Bastian Pinto (IBMEC Business School,Brazil) and L.E Brandao (PUC-Rio,Brazil)
​Valuing path dependent project financed public- private partnerships​D. Podhraski (Institute for Public- Private Partnership, Slovenia) and Ales Berk (U. of Ljublkana, Slovenia)
​Contractual options on marker oil spreads​V. Cohen Uller (Petrobras), C.Bastian Pinto y L.Ozorio(IBMEC, Brazil)  
​12:00 p.m. - 2:00p.m.​Luncheon​




​​​2:00 p.m. - 3:15p.m. ​ ​ ​		​Strategic Perspective ​A. Sakhartov (Wharton School, U. of Pennsylvania, USA)  ​
​Temporary employment contracts and the strategic use of Real Options​M. Brady (Dublin City U., Ireland)
​Company acquisition and resource redeployability in new product markets​A. Sakhartov (Wharton School, U. of Pennsylvania, USA)
​Expropiation risk and investment decisions​D.C. Restrepo Ochoa, R. Correia, J.I. Peña (U. Carlos III de Madrid, Spain) and J. Población (Bank of Spain)
​3:15 p.m.- 3:45 p.m.​Afternoon Coffee Break​





​​​3:45 p.m.- 5:00 p.m. ​ ​ ​ ​		​Environmental Investment & PolicyS.V. von Helfenstein (Value Analytics & Design, USA) ​
​Rethinking C&D . Waste and flexibility in systems design​S.V. von Helfenstein (Value Analytics & Design, USA) 
​Optimal timing of green investment under regime switching and political ambiguity​A. Welling, E. Lukas y S. Kupfer ( Otto-Von-Guericke U. Magdeburg, Germany) 
​Power investment decisions with Carbon policy uncertainty: The impact of regulation repeal and reinstatement​M. Shahnazari, A. McHugh, J. Whale (Murdoch U.) and B. Maybee (Curtin U., Australia)
​5:00 p.m.​Delivery of best student paper award​Conference participants certificates closing remarks/Conference concludes​

​ Track 2 ​​

​Time​Conference​Speaker




​​​9:00 a.m. - 10:15 a.m.​ ​ ​ ​		​Theoretical Issues​A.Welling (U. Otto-von-Guericke, Germany)
​On the investment-Uncertainty relationship​A.Welling, E.Lukas and S. Kupfer (U. Otto-von-Guericke, Germany)
​Tax savings valuation with appropiate risk profile as contingent claims​G. Diaz (Ecopetrol,Colombia) and I.Velez Pareja (Master Consultores, Colombia)
​Clustering analysis and financial ratios using self-organizing map​J.Kinnunen (Åbo Akademi U.,Finland) and I.Georgescu ( Academy of Economic Studies, Romania)
​10:15 a.m. - 10:45 a.m.​Morning Coffee Break​
​​​




10:45 a.m. - 12:00 p.m. ​ ​ ​		​ R&D and Learning Investments​ L. Ozorio (IBMEC Business School, Brazil) 
​Evaluation of an R&D Project​G. Fernandes, F. Perobelli ( Federal U. of Juiz de Fora (UFJF)), R. Igrejas and L.E. Brandão (PUC-Rio, Brazil)
​Investment timing under development-cost uncertainty and time to build​L. Delaney (City University London, UK)
​Optimal sequencing of Oil exploratory prospects with learning and genetic algorithms​L. de Magalhaes Calvette, M.A.C Pachecho and M.A.G Dias (Petrobras and PUC-Rio, Brazil)
​12:00 p.m. - 2:00 p.m.​ Luncheon​





​​2:00 p.m. - 3:15 p.m.​ ​ ​ ​		​Competitive games and incomplete information​C.Bastian-Pinto (IBMEC Business School, Brazil) 
​Firm size, Capacity and innovative investment in an established market​N. Huberts, K. Huisman,P. Kort (Tilburg U.,Netherlands) and H. Dawid (Bielefeld U., Germany)
​Capacity choice and investment hysteresis caused by hidden competition in a duopoly​N. Huberts, K. Huisman,P. Kort (Tilburg U.,Netherlands)
​Markovian equilibrium investment under imperfect competition​T. Fagart (U. Paris 1, France)
​3:15 p.m.- 3:45 p.m.​Afternoon Coffee Break ​
​3:45 p.m.- 5:00 p.m.​Best student paper award session​ L.E. Brandão (PUC Rio, Brazil)
​​Investment with incomplete information, flexibility and demand uncertainty​D. Owatemi (U. of Strathclyde, UK)
​​Valuing Aircraft Development Strategies: An application with performance improvement packages​C. Justin y D. Mavris (Georgia Institute of Technology, USA)
​​Subsidies: Costs, benefits and security of supply in Bio-electricity feed-in tariffs​G. Siegert ( HHL Leipzig graduate school of Economics, Germany)
​5:00 p.m.​Delivery of best student paper award​Conference participants certificates closing remarks/Conference concludes​​​

​​

Última modificación: 19/02/2016 9:03