Results 31 to 40 of about 70 (70)
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Sequential real rainbow options
The European Journal of Finance, 2012We develop two models to value European sequential rainbow options. The first model is a sequential option on the better of two stochastic assets, where these assets follow correlated geometric Brownian motion processes. The second model is a sequential option on the mean-reverting spread between two assets, which is applicable if the assets are co ...
Dockendorf, Jorg, Paxson, Dean
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Real Options in Divestment Alternatives
SSRN Electronic Journal, 2011This paper examines the implications of real options theory for both the decision to divest a business unit and the mode of divestment. It is shown that the decision to divest a business unit and the decision to engage in staged modes of divestment are both sensitive to uncertainty, consistent with a real options logic.
Naga Lakshmi Damaraju +2 more
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, 2007 This paper serves to introduce the basic ideas and valuation principles for corporate real options, and basic concepts related to growth options, competition and strategy. It first uses an example to motivate the discussion of various real options and presents practical principles for valuing several common real options, such as the options to defer ...
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Regulated prices and real options
Telecommunications Policy, 2011This paper shows how the cash flows received by an unregulated firm operating in a workably competitive market can be replicated for a regulated firm. The only change to standard regulatory practice is that each time the regulated firm invests, the amount added to its rate base is the product of its capital expenditure and a multiplier, greater than ...
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2009
Economic investment decisions, such as purchasing new equipment, increasing the work force or developing new products, as well as project economic valuation, are affected by economic uncertainty, technical uncertainty and by the managerial flexibilities embedded in the project.
Juan Guillermo Lazo Lazo +2 more
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Economic investment decisions, such as purchasing new equipment, increasing the work force or developing new products, as well as project economic valuation, are affected by economic uncertainty, technical uncertainty and by the managerial flexibilities embedded in the project.
Juan Guillermo Lazo Lazo +2 more
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2019
Economic, political and other external factors influence the value of real estate or property and the uncertainty in this value. One way of dealing with this uncertainty and associated risk is hedging through options. An option grants the option holder the right, but not the obligation, to typically buy or sell something in the future.
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Economic, political and other external factors influence the value of real estate or property and the uncertainty in this value. One way of dealing with this uncertainty and associated risk is hedging through options. An option grants the option holder the right, but not the obligation, to typically buy or sell something in the future.
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2003
This section gives an overview of the basic ideas of the real option approach to capital budgeting in firms. It deals with the importance of recognizing flexibility in capital investments, and how traditional ways of valuing investments have largely neglected the benefits of flexibility in the presence of uncertainty and irreversibility. Flexibility in
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This section gives an overview of the basic ideas of the real option approach to capital budgeting in firms. It deals with the importance of recognizing flexibility in capital investments, and how traditional ways of valuing investments have largely neglected the benefits of flexibility in the presence of uncertainty and irreversibility. Flexibility in
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Equilibrium and Options on Real Assets
Review of Financial Studies, 1993In aggregate, options on real and financial assets can have very different properties. Typically, the good or service produced by a real asset has a finite elasticity of demand, and developers have finite capacities. Also, the supply of options can be limited, and developers can be less than perfectly competitive. In a subgame, perfect Nash equilibrium
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Management of glioblastoma: State of the art and future directions
Ca-A Cancer Journal for Clinicians, 2020Aaron C Tan +2 more
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