This paper incorporates an annual probability of corporate failure into a standard equity valuation model, as an alternative or complementary correction for risk that improves in several ways over conventional risk premia or ad hoc adjustments to assumed growth rates. Though the correction is nonlinear, it can be reduced to an equivalent function that enters the valuation equation in the tradit...

This paper develops a simple model of pricing and choice of capacity in a market where riskaverse customers are ex-anfeuncertain about their valuation for use of the capacity. As unused capacity has no salvage value, the seller maximizes profit by economizing on capacity through over-booking. Thus each customer faces both uncertainty in his own valuation as well as uncertainty about availabilit...

Valuation is the process of estimating price. The methods used to determine value attempt to model the thought processes of the market and thus estimate price by reference to observed historic data. This can be done using either an explicit model, that models the worth calculation of the most likely bidder, or an implicit model, that that uses historic data suitably adjusted as a short cut to d...

Nowadays, the appetite for the investment and mergers and acquisitions (M&A) activity in RFID companies is growing rapidly. Although the huge number of papers have addressed the topic of business valuation models based on statistical methods or neural network methods, only a few are dedicated to constructing a general framework for business valuation that improves the performance with network g...

Purpose – The purpose of this paper is to review the topic “urban green space” focusing on its social benefits and measure techniques in terms of monetary value and accessibility. It suggests potential research direction by using an integrated valuation and measurement framework, and concludes that urban green space valuation in the providers’ perspective as well as accessibility analysis in th...

Recently, natural resources economists have turned to valuation and appraisal of the contribution of natural resources to human’s welfare and they have made striking progress in valuing the environmental and ecological services of eco-systems. The present study investigated people’s willingness to pay (WTP) for participation in preservation and reclamation of Abuzeidabad desert area through con...