Mostrar el registro sencillo del ítem

dc.creatorPolanco J.A.
dc.creatorRamírez-Atehortúa F.H.
dc.creatorMontes-Gómez L.F.
dc.creatorBotero-Hernández B.A.
dc.creatorBarco M.O.
dc.date2020
dc.date.accessioned2021-02-05T14:58:12Z
dc.date.available2021-02-05T14:58:12Z
dc.identifier.issn127353
dc.identifier.urihttp://hdl.handle.net/11407/5947
dc.descriptionSedimentation reduces the useful life of reservoirs and the value of hydropower plants. The aim is to determine the effect of sediment management decisions on the value of a plant. First, management alternatives are ranked with the AHP technique according to the perception of six experts. Second, the plant is valued by cash flow (FCL) and RESCON 2 BETA (RES). Results shows three alternatives ranked: reforestation, agriculture and dam construction. The useful life of reservoir increases in 84% (reforestation), 40% (agriculture), and 76% (dam). The value of the plant increases in 21% (FCL) and 21.74% (RES) for reforestation, 11.59% (FCL) and 13.18% (RES) for agriculture, and 20.07% (FCL) and 19.93% (RES) for dam building. It is concluded that sediment management affects the value of the plant since the useful life of the reservoir affects the value of continuity. © The author; licensee Universidad Nacional de Colombia.
dc.language.isospa
dc.publisherUniversidad Nacional de Colombia
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85090681996&doi=10.15446%2fdyna.v87n213.81832&partnerID=40&md5=19514a7a96f75bb9bb4704f6260d637d
dc.sourceDYNA (Colombia)
dc.subjectAsset valuationspa
dc.subjectDecision-makingspa
dc.subjectHydropower plantspa
dc.subjectSediment managementspa
dc.titleEffect of sediment management decision on a hydropower plant value [Incidencia de la decisión de manejo de sedimentos en el valor de una central hidroeléctrica]
dc.typeArticleeng
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.publisher.programAdministración de Empresasspa
dc.publisher.programIngeniería Financieraspa
dc.publisher.programIngeniería Civilspa
dc.identifier.doi10.15446/dyna.v87n213.81832
dc.relation.citationvolume87
dc.relation.citationissue213
dc.relation.citationstartpage232
dc.relation.citationendpage240
dc.publisher.facultyFacultad de Ciencias Económicas y Administrativasspa
dc.publisher.facultyFacultad de Ingenieríasspa
dc.affiliationPolanco, J.A., Facultad de Ciencias Económicas y Administrativas, Universidad de Medellín, Medellín, Colombia
dc.affiliationRamírez-Atehortúa, F.H., Facultad de Ingenierías, Universidad de Medellín, Medellín, Colombia
dc.affiliationMontes-Gómez, L.F., Facultad de Ingenierías, Universidad de Medellín, Medellín, Colombia
dc.affiliationBotero-Hernández, B.A., Facultad de Ingenierías, Universidad de Medellín, Medellín, Colombia
dc.affiliationBarco, M.O., Facultad de Ciencias Económicas y Administrativas, Universidad de Medellín, Medellín, Colombia
dc.relation.references(2015) World Energy Outlook 2015, , International Energy Agency. Paris, OECD/IEA
dc.relation.referencesHauer, C., State of the art, shortcomings and future challenges for a sustainable sediment management in hydropower: a review (2018) Renewable and Sustainable Energy Reviews, 98, pp. 40-55
dc.relation.referencesSumi, T., Okano, M., Yasufumi, T., Reservoir sedimentation management with bypass tunnels in Japan (2004) Proceedings of the Ninth International Symposium on River Sedimentation, pp. 1036-1043. , Yichang, China
dc.relation.referencesBachiller, A.R., Rodríguez, J.L.G., Sánchez, J.C.R., Gómez, D.L., Specific sediment yield model for reservoirs with medium-sized basins in Spain: an empirical and statistical approach (2019) Science of the Total Environment, 681, pp. 82-101
dc.relation.referencesGeorge, M.W., Hotchkiss, R.H., Huffaker, R., Reservoir sustainability and sediment management (2017) Journal of Water Resources Planning and Management, 143 (3), pp. 1-8
dc.relation.referencesSchleiss, A.J., Franca, M.J., Juez, C., De Cesare, G., Professor, F., Reservoir sedimentation (2016) Journal of Hydraulic Research, 54 (6), pp. 595-614
dc.relation.referencesPolanco, J.A., Exploring governance for sustainability in contexts of violence: the case of the hydropower industry in Colombia (2018) Energy, Sustainability and Society, 8 (1), pp. 1-15
dc.relation.referencesPolanco, J.A., Ramírez, F., (2017) La evaluación de la sostenibilidad en empresas de energía. Una investigación aplicada a centrales de generación hidroeléctrica, , Sello Editorial Universidad de Medellín, Medellín, Colombia
dc.relation.referencesZamarrón-Mieza, I., Yepes, V., Moreno-Jiménez, J.M., A systematic review of application of multi-criteria decision analysis for aging-dam management (2017) Journal of Cleaner Production, 147, pp. 217-230
dc.relation.referencesGarcia, S., Cintra, Y., Torres, R., de, C.S.R., Lima, F.G., Corporate sustainability management: a proposed multi-criteria model to support balanced decision-making (2016) Journal of Cleaner Production, 136, pp. 181-196
dc.relation.referencesMonjas-Barroso, M., Balibrea-Iniesta, J., Valuation of projects for power generation with renewable energy: a comparative study based on real regulatory options (2013) Energy Policy, 55, pp. 335-352
dc.relation.referencesMattar, M.H., Cheah, C.Y.J., Valuing large engineering projects under uncertainty: private risk effects and real options (2006) Construction Management and Economics, 24 (8), pp. 847-860
dc.relation.referencesHernandez-Sampieri, R., Fernandez-Collado, C., Baptista-Lucio, M., (2010) Metodología de la investigación, , del P., 5ta ed., México, Mc Graw Hill
dc.relation.referencesJaiswal, R.K., Thomas, T., Galkate, R.V., Ghosh, N.C., Singh, S., Watershed prioritization using Saaty’s AHP based decision support for soil conservation measures (2014) Water Resources Management, 28, pp. 475-494
dc.relation.referencesGovender, I., Thopil, G.A., Inglesi-Lotz, R., Financial and economic appraisal of a biogas to electricity project (2019) Journal of Cleaner Production, 214, pp. 154-165
dc.relation.referencesCopeland, T.E., Weston, J.F., (1988) Financial theory and corporate policy. reading, , Addison-Wesley Publishing Company Massachusetts, USA
dc.relation.referencesEfthymiou, P., Palt, S., Annandale, G.W., Karki, P., (2017) Reservoir conservation model ResCon 2 Beta economic and engineering evaluation of alternative sediment management strategies user manual, , The World Bank, Washington DC, USA
dc.relation.referencesWang, J.J., Jing, Y.Y., Zhang, C.F., Zhao, J.H., Review on multicriteria decision analysis aid in sustainable energy decision-making (2009) Renewable and Sustainable Energy Reviews, 113, pp. 2263-2278
dc.relation.referencesSartori, S., Witjes, S., Campos, L.M.S., Sustainability performance for Brazilian electricity power industry: an assessment integrating social, economic and environmental issues (2017) Energy Policy, 111, pp. 41-51
dc.relation.referencesKiker, G.A., Bridges, T.S., Varghese, A., Seager, T.P., Linkov, I., Application of multicriteria decision analysis in environmental decision making (2005) Integrated Environmental Assessment and Management, 1 (2), pp. 95-108
dc.relation.referencesHerva, M., Roca, E., Review of combined approaches and multicriteria analysis for corporate environmental evaluation (2013) Journal of Cleaner Production, 39, pp. 355-371
dc.relation.referencesKorhonen, P., Moskowitz, H., Wallenius, J., Multiple criteria decision support-A review (1992) European Journal of Operational Research, 63 (3), pp. 361-375
dc.relation.referencesOtálvaro, M., (2019) Multicriteria decision-making for reservoir sediments management under corporate sustainability parameters: a systematic literature review, p. 24. , Tesis MSc., Universidad de Medellín, Medellín Colombia
dc.relation.referencesPalmieri, A., Shah, F., Dinar, A., Economics of reservoir sedimentation and sustainable management of dams (2001) Journal of Environmental Management, 61 (6), pp. 149-163
dc.relation.referencesPalmieri, A., Shah, F., Annandale, G.W., Dinar, A., (2003) Reservoir conservation: the RESCON approach. Economic and engineering evaluation of alternatives strategies for managing sedimentation in storage reservoirs, , World Bank, Washington, USA
dc.relation.referencesKawashima, S., Conserving reservoir water storage: an economic appraisal (2007) Water Resources Research, 43, pp. 1-9
dc.relation.referencesBerk, J., Demarzo, P., (2008) Finanzas Corporativas, , Pearson Eduación, México
dc.relation.referencesDamodaran, A., (2012) Investment valuation. Tools and Techniques for Determining the Value of Any Assets, , New Jersey, John Wiley & Sons
dc.relation.referencesDanisman, G.O., Demirel, P., Corporate risk management practices and firm value in an emerging market: a mixed methods approach (2019) Risk Management, 21, pp. 19-47
dc.relation.referencesNogueira Reis, P.M., Gomes-Augusto, M., The terminal value (TV) performing in firm valuation: the gap of literature and research agenda (2013) Journal of Modern Accounting and Auditing, 9 (12), pp. 1622-1636
dc.relation.referencesLally, M., Free cash flow models, terminal values and the timing of asset replacements (2008) New Zealand Economic Papers, 42 (1), pp. 79-102
dc.relation.referencesRojo-Ramírez, A.A., Martínez-Romero, M.J., Mariño-Garrido, T., How the equity terminal value influences the value of the firm? (2018) Journal of Business Valuation and Economic Loss Analysis, 13 (1), pp. 1-14
dc.relation.references(2019) Portal Territorial de Colombia, , https://portalterritorial.dnp.gov.co/AdmInfoTerritorial/MenuInfoTerrEstadistica, Departamento Nacional de Planeación. [En línea]. [Fecha de consulta: 15-Agosto-2019]. Disponible en
dc.relation.referencesOtálvaro, M., Posada, S., Rojas, J.C., Ramírez, F., Botero, B.A., Análisis multicriterio de alternativas técnicas de gestión de sedimentos en embalses mediante modelación hidrológica distribuida (2018) XXVIII Congreso Latinoamericano de Hidráulica, , en
dc.relation.referencesHermelin, M., (2005) Desastres de origen natural en Colombia 1979-2004, , Universidad EAFIT, Medellín, Colombia
dc.relation.referencesSHI, SAS., (2018) Estudio de factibilidad técnica, económica y ambiental para el manejo de sedimentos de los embalses Punchiná y Calderas, asociados a las centrales hidroeléctricas San Carlos y Calderas, , Medellín, Colombia
dc.relation.references(2019) Pobreza monetaria y multidimensional en Colombia, , https://www.dane.gov.co/index.php/estadisticas-por-tema/pobreza-y-condiciones-de-vida/pobreza-y-desigualdad/pobreza-monetaria-y-multidimensional-en-colombia-2018#pobreza-por-departamentos-2018, Departamento Nacional de Estadística. [En línea]. [Fecha de consulta: 15-Agosto-2019] Disponible en
dc.relation.referencesLeón-Oliveros, I.A., Sierra-Posada, J.L., (2016) Análisis del estado de sedimentación del embalse Punchiná, , Medellín, Colombia
dc.relation.referencesSaaty, T.L., (1980) The analytic hierarchy process, , McGraw-Hill, New York, USSA
dc.relation.references(2019), http://data.ambito.com/economia/mercados/riesgo-pais/info/?id=4&desde=03/06/2016&hasta=03/07/2019&pag=22, Embi Colombia, ámbito.com, [En línea]. [Fecha de consulta: 01-Agosto-2019] Disponible en
dc.relation.referencesDamodaran, A., (2016) Betas by Sector (US), , http://people.stern.nyu.edu/adamodar/New_Home_Page/datafile/Betas.html, [En línea]. [Fecha de consulta: 01-Agosto-2019] Disponible en
dc.relation.referencesHaregeweyn, N., Reservoir sedimentation and its mitigating strategies: a case study of Angereb reservoir (NW Ethiopia) (2012) Journal of Soils Sediments, 12, pp. 291-305
dc.relation.referencesLee, Y., Yoon, T., Shah, F.A., Optimal watershed management for reservoir sustainability: economic appraisal (2013) Journal of Water Resources Planning and Management, 19 (2), pp. 129-138
dc.relation.referencesQiu, J., Shen, Z., Huang, M., Zhang, X., Exploring effective best management practices in the Miyun reservoir watershed, China (2018) Ecological Engineering, 123, pp. 30-42
dc.relation.referencesLalika, M.C.S., Meire, P., Ngaga, Y.M., Sanga, G.J., Willingness to pay for watershed conservation: are we applying the right paradigm? (2017) Ecohydrology and Hydrobiology, 17, pp. 33-45
dc.type.versioninfo:eu-repo/semantics/publishedVersion
dc.type.driverinfo:eu-repo/semantics/article


Ficheros en el ítem

FicherosTamañoFormatoVer

No hay ficheros asociados a este ítem.

Este ítem aparece en la(s) siguiente(s) colección(ones)

Mostrar el registro sencillo del ítem