Add to ORKGWe expose a real options theory as a tool for quantifying the value of the operating flexibility of real assets. Additionally, we have pointed out that this theory is an appropriated methodology for determining optimal operating policies, and provide an example of successful application of our approach to power industries, specifically to valuate the power plant of electricity. In particular by increasing the volatility of prices will eventually lead to higher assets values
This paper derives an adjusted Black-Scholes pricing formula. In separating risk and uncertainty us...
Traditional valuation methods such as Net present value (NPV) underestimate the value of projects wh...
Continuous time models in the theory of real options give explicit formulas for optimal exercise str...
We expose a real options theory as a tool for quantifying the value of the operating flexibility of ...
summary:The real options approach interprets a flexibility value, embedded in a project, as an optio...
Real options, inherited from financial options, are a useful tool to manage risks, but also have the...
Each corporate growth project is an option, in the sense that managers face choices--push ahead or p...
The paper deals with the inclusion of flexibility in financial decision-making under risk. It descr...
Post industrial organization puts premium on flexibility, and also on assets that confer flexibility...
Motivated by the potential use of electricity storage to smooth fluctuations in supply and demand, w...
© ASEE 2007Proposed projects are often justified financially by using traditional discounted cash fl...
This thesis investigates optimal investment in real options with the presence of regime switching an...
In this paper a real option approach for the valuation of real assets is presented. Two continuous t...
Valuing a project based on net present value does not easily capture the flexibility that the projec...
As the transition to renewable energy sources progresses, their integration makes electricity produc...
This paper derives an adjusted Black-Scholes pricing formula. In separating risk and uncertainty us...
Traditional valuation methods such as Net present value (NPV) underestimate the value of projects wh...
Continuous time models in the theory of real options give explicit formulas for optimal exercise str...
We expose a real options theory as a tool for quantifying the value of the operating flexibility of ...
summary:The real options approach interprets a flexibility value, embedded in a project, as an optio...
Real options, inherited from financial options, are a useful tool to manage risks, but also have the...
Each corporate growth project is an option, in the sense that managers face choices--push ahead or p...
The paper deals with the inclusion of flexibility in financial decision-making under risk. It descr...
Post industrial organization puts premium on flexibility, and also on assets that confer flexibility...
Motivated by the potential use of electricity storage to smooth fluctuations in supply and demand, w...
© ASEE 2007Proposed projects are often justified financially by using traditional discounted cash fl...
This thesis investigates optimal investment in real options with the presence of regime switching an...
In this paper a real option approach for the valuation of real assets is presented. Two continuous t...
Valuing a project based on net present value does not easily capture the flexibility that the projec...
As the transition to renewable energy sources progresses, their integration makes electricity produc...
This paper derives an adjusted Black-Scholes pricing formula. In separating risk and uncertainty us...
Traditional valuation methods such as Net present value (NPV) underestimate the value of projects wh...
Continuous time models in the theory of real options give explicit formulas for optimal exercise str...