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A real options approach to satellite mission planning

✍ Scribed by Sabine Fuss; Jana Szolgayova; Michael Obersteiner


Book ID
116889195
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
288 KB
Volume
24
Category
Article
ISSN
0265-9646

No coin nor oath required. For personal study only.


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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