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Cut-off grade: A real options analysis
Resources Policy, 2014Abstract In this paper we examine the impact of forward price uncertainty on the optimal cut-off policy of mines. We employ a new real options model for determining the optimal cut-off grade of ore under stochastic prices. The economic insights and consequences of incorporating uncertainty into the cut-off decision making process are shown to be in ...
Matt Thompson, Drew Barr
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Customer lifetime valuation using real options analysis
Journal of Marketing Analytics, 2015As the concept of Customer Lifetime Value (CLV) is gaining a growing acceptance to achieve superior efficiency and effectiveness of marketing plans, development of more accurate models to measure CLV is becoming an important issue. Most CLV models cannot consider the management flexibility in uncertain situations. Real options valuation is the approach
Hamidreza Koosha, Amir Albadvi
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Introducing a Real Option Framework for EVA/MVA Analysis
SSRN Electronic Journal, 2020For the first time, a framework is introduced that allows for a real options analysis to be performed in an EVA/MVA-embedded binomial tree. This framework enhances traditional EVA/MVA analysis so that it can capture the additional value generated through strategic decision making during a project’s life.
Tom Arnold +3 more
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Introduction to Real Options Analysis
2016This chapter provides an introduction to the real options way of thinking. The valuation methods of real options are based on the option pricing theory for financial securities. Therefore in the first part of this chapter the basic concepts of financial options will be discussed.
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R&D Cooperation in Real Option Game Analysis [PDF]
, 2009 In recent years, the real option theory has been widely used in evaluating investment decisions in a dynamic environment. The market developments are complex and so the conventional NPV (Net Present Value) rule undertakes the value of a project because this method fails to take into account the market uncertainty, irreversibility of investment and ...
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Analysis of Transmission Investments using Real Options
2006 IEEE PES Power Systems Conference and Exposition, 2006This paper explores the application of real options for transmission investment analysis under deregulation. In recent years, real options analysis has gained wide recognition for its superiority in dealing with uncertainty and managerial flexibility in non-financial or "real" investments.
Badri Ramanathan, Siri Varadan
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Real Options Analysis at a Glance
SSRN Electronic Journal, 2012This paper discusses a project evaluation method which is theoretically superior to conventional methods like NPV or IRR, known as Real Options Analysis.
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Real Options Analysis of Electricity Portfolios [PDF]
Public Finance Quarterly, 2014 The characteristics of large, sometimes giga-sized investments of complex engineering systems often require a multidisciplinary decision-making process. The investment parameters on which the decision-making is based, the optimality criteria underlying this process and the identification of the parameters of evaluation models also require mutual ...
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Flexible ICT investments analysis using real options
International Journal of Technology, Policy and Management, 2005Information-communication technology (ICT) investments analysis using real options (ROs) has been a subject of active research during the last decade. It is a flexible method to value investment opportunities and to derive optimal timing of investments deployment taking into account uncertainties in future benefits and costs. We develop a framework for
Georgios N. Angelou +1 more
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Real Options Analysis: Empirical Testing of Real Options in Residential Real Estate Development
2014http://www.prres.net/index.htm?http://www.prres.net/Search/PaperSearch ...
Yao, H, Pretorius, FIH
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