Does NPV reflect the real project efficiency?
نویسندگان
چکیده
منابع مشابه
How real option disinvestment flexibility augments project NPV
In this article we show how a project’s option value increases with incremental levels of investment and dis-investment flexibility. We do this by presenting two NPV and seven option pricing models in a strict sequence of increasing flexibility. We illustrate each with numerical examples and determine the maximum value that a project option could ever support. We show that managerial considerat...
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ژورنال
عنوان ژورنال: Socio-Economic Research Bulletin
سال: 2019
ISSN: 2313-4569
DOI: 10.33987/vsed.1(69).2019.108-117