Flexibility and project value: interactions and multiple real options
نویسندگان
چکیده
منابع مشابه
The Value of Manufacturing Flexibility: Real Options in Practice
This paper treats manufacturing flexibility, ways to achieve it and ways to evaluate flexibility using option pricing. Different ways to increase flexibility are considered from the point of view of two companies. Different types of flexibility are interpreted and modelled as options and ways to evaluate them are considered with respect to amongst other set-up cost and capacity constraints. A n...
متن کاملValuing flexibility in demand-side response: A real options approach
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 ...
متن کاملProject Scheduling with Simultaneous Optimization, Time, Net Present Value, and Project Flexibility for Multimode Activities with Constrained Renewable Resources
Project success is assessed based on various criteria, every one of which enjoys a different level of importance for the beneficiaries and decision makers. Time and cost are the most important objectives and criteria for the project success. On the other hand, reducing the risk of finishing activities until the predetermined deadlines should be taken into account. Having formulated the problem ...
متن کاملMergers and market valuation: real options approach
This paper investigates the connection between market valuation anda type of the merger (stock, cash) using real options setup. I solveexplicitly for the timing and terms of cash mergers in two deferent settingsto demonstrate that cash mergers generally occur at low marketvaluations, whereas stock mergers that may be observed at both low andhigh valuations; the result holds with some dierences ...
متن کاملReal Options and Project Evaluation: a Primer
In this paper we present a preliminary approach to the evaluation of policies and projects based on current thinking on cost benefit analysis and real option methodology and the authors’ recent work on the same subject. We start from the assumption that economic agents undertake investment projects in order to create and exploit opportunities for increasing profits, growth, wealth and, ultimate...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Operational Research
سال: 2011
ISSN: 1745-7645,1745-7653
DOI: 10.1504/ijor.2011.041802