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Managerial decision-making in hospitals with real options analysis
Information Systems and e-Business Management, 2013We 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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ARE REAL OPTIONS "REAL"? ISOLATING UNCERTAINTY FROM RISK IN REAL OPTIONS ANALYSIS [PDF]
Annals of Financial Economics, 2014 This paper derives an adjusted Black–Scholes pricing formula. In separating risk and uncertainty using the robust control technique, we find that both uncertainty and risk raise management's subjective evaluation of real options. We suggest a simple method to filter the risk of the project and to acquire a more reliable value of real options without ...
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An Analysis of the Economy of a Real Estate Development with Real Options
Korea Real Estate Academy, 20231. CONTENTS (1) RESEARCH OBJECTIVES The objective of this research is to explore the uncertainty and the irreversibility of the benefits of investment in the office building development project and to find that the economic analysis using real options provides investors with a tool to create direct and useful information.
Byeong Jun Rhim, Jung Hyun Moon
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Decision Analysis and Real Options: A Discrete Time Approach to Real Option Valuation
Annals of Operations Research, 2005zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Luiz E. Brandão, James S. Dyer
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, 2020
Ponta Delgada airport is the most important air transport infrastructure in the Autonomous Region of the Azores. The increase in airport activity that resulted from the partial liberalization of the air transport sector has increased the pressure on its ...
André Oliveira +2 more
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Ponta Delgada airport is the most important air transport infrastructure in the Autonomous Region of the Azores. The increase in airport activity that resulted from the partial liberalization of the air transport sector has increased the pressure on its ...
André Oliveira +2 more
semanticscholar +1 more source
Review of Financial Economics, 2004
Cash Flow from operations can be controlled using real options. In this normative paper, we quantify (Trigeorgis, 1996) page 123 intuition about the risk hedging properties of real options with respect to downside risk. This result is reached modeling the whole distribution in expanded NPV using an Euler scheme Monte Carlo method, computing forward the
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Cash Flow from operations can be controlled using real options. In this normative paper, we quantify (Trigeorgis, 1996) page 123 intuition about the risk hedging properties of real options with respect to downside risk. This result is reached modeling the whole distribution in expanded NPV using an Euler scheme Monte Carlo method, computing forward the
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Climate Policy, 2019
Russia has significant potential for reducing its carbon emissions. However, investment in new low-carbon technologies has significant risks. Ambiguous energy and climate policy in Russia, along with deterioration of the country's investment climate ...
A. Golub, Oleg Lugovoy, V. Potashnikov
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Russia has significant potential for reducing its carbon emissions. However, investment in new low-carbon technologies has significant risks. Ambiguous energy and climate policy in Russia, along with deterioration of the country's investment climate ...
A. Golub, Oleg Lugovoy, V. Potashnikov
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The value of enhanced flexibility of gas-fired power plants: A real options analysis
Applied Energy, 2019The promotion of electricity from renewable energies in Germany causes difficulties in the profitable operation of many modern conventional power plants. Also, fluctuating availability of power from renewable energy sources requires flexible conventional
Barbara Glensk, R. Madlener
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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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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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