A Real Options Approach to Economic Exposure Management
β Scribed by Jeannette Capel
- Book ID
- 108516472
- Publisher
- John Wiley and Sons
- Year
- 1997
- Tongue
- English
- Weight
- 111 KB
- Volume
- 8
- Category
- Article
- ISSN
- 0954-1314
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
To have a real option means to have the possibility for a certain period to either choose for or against making an investment decision, without binding oneself up front. The real option rule is that one should invest today only if the net present value is high enough to compensate for giving up the
This paper provides an empirical example of the valuation of real options in a largescale tourism project. The main aim of this article is to elaborate the investment decision process in the evaluation of a ski centre enlargement project by employing elements of the real options methodology. Monte C
In this paper, we investigate the optimal timing for deep geological disposal of nuclear waste. Our model is based on the real options approach to investment under uncertainty. In this context, the problem is similar to the optimal exercise policy for a perpetual American spread option. The potentia