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
Revenue management: A real options approach
โ Scribed by C.K. Anderson; M. Davison; H. Rasmussen
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 123 KB
- Volume
- 51
- Category
- Article
- ISSN
- 0894-069X
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Abstract Real options analysis is a promising approach to model investment under uncertainty. We employ this approach to value stockpiling of antiviral drugs as a precautionary measure against a possible influenza pandemic. Modifications of the real options approach to include risk attitude and
The real-options paradigm serves as a new platform in the evaluation of intellectual capital assets. A prominent case of real-options applications in intellectual capital is R&D investment, since R&D constitutes a major part of a firm's structural capital as well as a major field of realoptions appl
## Abstract Real options theory has emerged as a promising avenue to study joint venture (JV) evolution as a strategic response to managing uncertainty. We extend the real options approach by integrating it with game theory. Such a combined method enriches the valuation functions of each partnering
Sources of heterogeneity within the process of research and development (R&D) investment, such as international differences in the maximum per-period rate of investment and level of regulatory uncertainty, offer a plausible explanation for US comparative advantage in biotechnology. Using dynamic sto