Valuing Real Options: Insight from Competitive Strategy
نویسندگان
چکیده
منابع مشابه
Valuing 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 کاملHybrid real options valuation of risky product development projects
Managers and designers of technological systems face a common difficulty; new projects or products are inherently risky, both technologically and financially, especially given the rate of change in the high technology, deregulated economy. Consequently, they need solid methods for valuing prospective investments, so that they can justify their development strategies. Their fundamental problem i...
متن کاملHYBRID REAL OPTIONS VALUATION OF RISKY PRODUCT DEVELOPMENT PROJECTS By
Managers and designers for technological systems face a common difficulty: new projects or products are inherently risky, both technologically and financially, especially given the rate of change in the high technology, deregulated economy. Consequently, they need solid methods for valuing prospective investments, so that they can justify their development strategies. Their fundamental problem ...
متن کاملAn Extension of Least Squares Monte Carlo Simulation for Multi-options Problems
This paper provides a valuation algorithm based on Monte Carlo simulation for valuing a wide set of capital budgeting problems with many embedded real options dependent on many state variables. Along the lines of Gamba and Trigeorgis (2002b), we decompose a complex real option problem with many options into a set of simple options, properly taking into account deviations from value additivity d...
متن کامل