A fuzzy approach to real option valuatio
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Christer Carlsson; Robert FullΓ©r
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Article
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2003
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Elsevier Science
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English
β 306 KB
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