Helium: Investments in the Future
Dennis Epple
Lester B. Lave
10.1184/R1/6705770.v1
https://kilthub.cmu.edu/articles/journal_contribution/Helium_Investments_in_the_Future/6705770
<p>This article develops and implements a method for evaluating an exhaustible resource (helium) whose rate of production is governed by the rate of production of a second exhaustible resource (natural gas). We determine optimum future price and consumption paths, optimal production rates from various sources, and optimal storage policies for a number of scenarios. We conduct a sensitivity analysis to find which of several possible storage policies performs best for a variety of demand growth rates and discount rates.</p>
2009-07-01 00:00:00
Business
Management