Time Charters with Purchase Options in Shipping: Valuation and Risk Management
نویسندگان
چکیده
منابع مشابه
Mergers 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 کاملLife Insurance Contracts with Embedded Options Valuation , Risk Management , and Regulation
Life insurance contracts are often complex financial securities pervaded by embedded options such as interest rate guarantees, bonus and surrender options, and sometimes even more exotic elements. It is safe to say that historically these financial elements have typically not been offered specific attention by accountants and actuaries of the issuing companies who, until very recently, have rel...
متن کاملDelayed Purchase Options in Single-Leg Revenue Management
Many airline reservation systems offer the commitment option to their potential passengers. This option allows passengers to reserve a seat for a fixed duration before making a final purchase decision. In this study, we develop single-leg revenue management models that consider such contingent commitment decisions. We start with a dynamic programming model of this problem. This model is computa...
متن کاملRisk Management and Valuation of Real Options in IT Projects: An Exploratory Experiment
IT project performance is influenced by the fit between the project’s risks and how the IT project risk is managed (Barki et al. 2001). Recently researchers have emphasized the need to use concepts from real option theory for risk management purposes (Boehm 1989, Benaroch 2002, Kumar 2002, Miller et al. 2003). A project embeds real options when managers have the opportunity but not the obligati...
متن کاملManagement of Seafarers in Liner Shipping Industry
The use of Human Resource Management (HRM) practices in the form of ‘bundles’ and in integration with the business strategy of the organisation have been emphasised throughout the HRM literature. These are called the horizontal integration and vertical integration respectively. This article aim at examining the use of these practices in liner shipping industry in which human element plays a vi...
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: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1336131