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    Multidimensional Risk-Based Real Options Valuation for Low-Carbon Cogeneration Pathways by Houd Al-Obaidli (19365520)

    Published 2023
    “…The trend and volatilities in the major principal component scores (the combined price risk indicator) were modelled using the geometric Brownian motion stochastic process, whose parameters were determined and then used to perform time-series simulation and generate multiple realisations of the principal component. …”
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