Table 6

Results of sensitivity analysis: summary of statistics

Base caseSwitching – 50%Switching – 25%
Investment MM$0.10.10.1
Switching MM$0.20.10.05
Volume kt101010
Mean value of the flexibility:−$0.0085MM$0.128MM$0.19MM
Prob (Flexibility Value > 0)0.170.450.57
Range of flexibility value (Min–Max)− 0.138 MM$
2.160 MM$
− 0.354 MM$
2.124 MM$
− 0.256 MM$
2.320 MM$

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