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Enron Mail |
Steve,
I shall E-mail you my standard real option spin presentation + plus a presentation on Enron (for analysts). You can use a few slides to introduce the company. I would prefer not to disseminate the information about the use of AMC. The industry does not know about it yet and I consider it a very powerful tool (given its flexibility). I have the files on my laptop. I shall bring it to work to morrow and send it to you. Please, remind me about it on Thursday (old age and the hectic pace here start showing up). Vince Steven Leppard 04/26/2000 05:09 AM To: Vince J Kaminski/HOU/ECT@ECT cc: Subject: Response from Lenos Vince Lenos got back to me, and said he'd prefer a high-level overview of real options in Enron, perhaps using my notation to express the ideas. He wants me to keep away from the technicalities of my work. Would you send me your (usual) powerpoint presentation on real options, and I'll look at manipulating it to include my diagrams. My own efforts to date have been on fairly limited power plant modelling/asset development, and I obviously don't have the high-level view you have. This will ensure I get the full range of real option type deals in my presentation. If required I could present the real option problems I have analysed, namely: 1. Maintenance scheduling in power plant operation; 2. Gas storage; 3. Power plant asset development, which would include (1) as a sub-tree. I will also need your advice on whether I can talk about the fact that we prefer American Monte Carlo to build our trees. I haven't used AMC myself up till now, I've been carrying out static optimizations, with different price curve scenarios being run through. I'm still working on selling the full stochastic dynamic programming approach - people are just getting to the stage of accepting my deterministic DP, and they're still being supplied with useful products, as per my "Real Options Strategy" document. Cheers, Steve
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