Results 221 to 230 of about 666,196 (263)

Urban Renewal and Real Option Analysis: A Case Study

2014
The high variability of market prices and the uncertainty that, even in restrained timeframes, is characterizing the general economic situation, have led real estate operators to a prudent attitude, who tend to postpone or at least stagger the start of the initiatives on hold of more stable conditions.
Pierluigi Morano, Francesco Tajani
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Hostile takeovers or friendly mergers? Real options analysis

Journal of Corporate Finance, 2019
This study analyzes a real options model of mergers and takeovers between two firms facing different but correlated uncertainty in profits. It is assumed that firms can choose two alternatives; hostile takeover or friendly merger. In a hostile takeover, a bidder firm takes all the extra value but incurs takeover costs, while in a friendly merger, both ...
Takeshi Ebina, Yuya Kumakura, Katsumasa Nishide   +2 more
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Introduction to Real Options Analysis

2016
This 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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Managerial decision-making in hospitals with real options analysis

Information Systems and e-Business Management, 2013
We present the application of real options analysis (ROA) to a managerial decision-making problem. A case study was developed to illustrate the mathematical steps required to apply ROA. The results of this model show that a net present value analysis, which is most often used in practice, would have led to a sub-optimal decision, as it does not take ...
Wernz, C., Gehrke, I., Ball, D. R.
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Rules of Thumb in Real Options Analysis

SSRN Electronic Journal, 2004
In this normative paper, we derive payback period (PBP) and internal rate of return (IRR) in the presence of real options. In a Kulatilaka - Trigeorgis General Real Option Pricing Model, we derive the expected value of these two decision rules that corresponds to the expected NPV Bellman dynamic programming maximizing strategy in the presence of the ...
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Real options analysis for smart grid

Proceedings of the 16th Annual International Conference on Digital Government Research, 2015
Smart cities depend on smart grid for resilient energy delivery and improved energy efficiencies. This paper employs the real option approach (ROA) to study the investment decision of information technology innovation in the case of smart grid adoption under uncertainty.
Shu Feng, Jing Zhang 0006, Yue Gao 0014
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Incorporating real-options analysis into the accounting curriculum

Journal of Accounting Education, 2008
Abstract In this paper, we argue that accounting curricula should be expanded to cover the topic of real options. Our argument relies on reference to the [American Institute of Certified Public Accountants (AICPA) (1999) ( Core Competency Framework , New York, NY: AICPA Accessed 21.08.08], the framework for curriculum change espoused by [Arya, A.,
David E. Stout, Howard Qi, Yan (Alice) Xie, Sheen Liu   +3 more
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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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Real Options Analysis: Empirical Testing of Real Options in Residential Real Estate Development

2014
http://www.prres.net/index.htm?http://www.prres.net/Search/PaperSearch ...
Yao, H, Pretorius, FIH
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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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