Wilimowska, Zofia; Lukaniuk, Malgorzata - In: Operations Research and Decisions 1 (2005), pp. 71-83
adaptability to environmental changes. In the binomial tree model it is assumed that stock price changes are composed of a great … number of small binomial changes. This assumption was first used by Cox, Ross and Rubinstein. In the method, the time period …, a binomial model in real option valuation is presented and its application to postponement and giving up option pricing …