منابع مشابه
Mergers and market valuation: real options approach
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Despite their status as foundational concepts in software engineering, many software design decision-making principles and heuristics, such as information hiding and the delaying of design decisions, are still idiosyncratic, ad hoc, poorly integrated and not clearly based on any sound theory. In this paper, we develop an economics-based approach to providing a firmer foundation for software des...
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Many start-up companies rely upon venture capitalists to begin operations. Typically, after the initial injection of funds, additional funding is provided as the firm reaches certain performance targets. The payment of the first funding round is comparable to an initial option premium. Further payments are contingent claims: the right but not the obligation to continue financially supporting th...
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The investment interests in the electricity industry are transmitted through various mechanisms to other economic activities. This paper considers methods for esteeming the adaptability of demand-side response (DSR) in its capacity to react to future uncertainties. The capacity to evaluate this adaptability is particularly critical for vitality frameworks speculations given their extensive and ...
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We apply a utility–based method to obtain the value of a finite–time investment opportunity when the underlying real asset is not perfectly correlated to a traded financial asset. Using a discrete–time algorithm to calculate the indifference price for this type of real option, we present numerical examples for the corresponding investment thresholds, in particular highlighting their dependence ...
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ژورنال
عنوان ژورنال: Organization Science
سال: 2001
ISSN: 1047-7039,1526-5455
DOI: 10.1287/orsc.12.6.744.10082