We propose theoretical improvement to the Silva & Santiago (2009) valuation model for innovative projects and discuss a practical application. We discuss some points of the model and include a minimum sales function, which decreases in time. In order to test the model, we performed the valuation of an existing project. This project has multiple sources of uncertainty and managerial flexibility at every stage of its development. We conclude from de results that the improved model is the most appropriate for evaluating R&D projects in the context of development product with guaranteed market share
This paper analyzes changes in the assessment of an incremental R&D project by an industrial firm wi...
Firms make very significant investments in new product development (NPD) projects, yet the economic ...
In literature and R&D organizations alike, project success consists in minimizing the deviations fro...
[[abstract]]The valuation of R&D project involving a number of interdisciplinary knowledge has becom...
Thesis (Ph.D.)--Massachusetts Institute of Technology, Dept. of Materials Science and Engineering, 1...
Research and Development projects play a significant role in implementing corporate strategy. Succes...
a rather complex process. Aside from the fact that it can take several years to launch a new product...
On average the expected value at the moment of commercialization of an R&D project should remain...
On average the expected value at the moment of commercialization of an R&D project should remain con...
The thesis illustrates that traditional NPV and decision tree are not appropriate to value the R&D p...
Abstract The thesis illustrates that traditional NPV and decision tree are not appropriate to value ...
Discounted cash flow methods for making R&D investment decisions cannot properly capture the opt...
We describe a research and development project-valuation model developed for Phytopharm plc, a pharm...
We argue that the NPV evaluation model has gained an undeservedly poor treatment in recent articles ...
Annually, companies invest vast amounts of resources into research and development (R&D) in order to...
This paper analyzes changes in the assessment of an incremental R&D project by an industrial firm wi...
Firms make very significant investments in new product development (NPD) projects, yet the economic ...
In literature and R&D organizations alike, project success consists in minimizing the deviations fro...
[[abstract]]The valuation of R&D project involving a number of interdisciplinary knowledge has becom...
Thesis (Ph.D.)--Massachusetts Institute of Technology, Dept. of Materials Science and Engineering, 1...
Research and Development projects play a significant role in implementing corporate strategy. Succes...
a rather complex process. Aside from the fact that it can take several years to launch a new product...
On average the expected value at the moment of commercialization of an R&D project should remain...
On average the expected value at the moment of commercialization of an R&D project should remain con...
The thesis illustrates that traditional NPV and decision tree are not appropriate to value the R&D p...
Abstract The thesis illustrates that traditional NPV and decision tree are not appropriate to value ...
Discounted cash flow methods for making R&D investment decisions cannot properly capture the opt...
We describe a research and development project-valuation model developed for Phytopharm plc, a pharm...
We argue that the NPV evaluation model has gained an undeservedly poor treatment in recent articles ...
Annually, companies invest vast amounts of resources into research and development (R&D) in order to...
This paper analyzes changes in the assessment of an incremental R&D project by an industrial firm wi...
Firms make very significant investments in new product development (NPD) projects, yet the economic ...
In literature and R&D organizations alike, project success consists in minimizing the deviations fro...
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