This paper presents a new approach to real options. The current options-based models have provided new insights into capital-budgeting decisions. Unfortunately they are not widely used by corporate managers and practitioners as they are formally complex, rather difficult to understand and rest...

This paper makes use of a fuzzy expert system to evaluate a strategic investment. In particular, the model proposed aims at replicating the actual decision process accomplished by Florim S.p.a., an Italian ceramic tile firm which recently had the opportunity of buying a firm in the USA. The...

Business economics does not provide any methodology for appraising strategic investments, relying on informal approaches. Conversely, financial economics offers us plenty of sophisticated mathematical models unsuitable for applications and based on unrealistic assumptions. This paper presents an...

This paper makes use of a fuzzy expert system to evaluate a strategic investment. In particular, the model proposed aims at replicating the actual decision process accomplished by Florim S.p.a., an Italian ceramic tile firm which had the opportunity of buying a firm in the USA. The model is...

Business economics does not provide any methodology for appraising strategic investments, relying on informal approaches. Conversely, financial economics offers us plenty of sophisticated mathematical models unsuitable for applications and based on unrealistic assumptions. This paper presents an...

Purpose – This study aims to build and test an International Market Selection (IMS) decision process method that is able to capture, within a small firm’s risk-averse setting, the entrepreneur's experience, reduce cognitive biases, and preserve the flexibility of the decision, by combining...

The definition of well being in Sen's capability approach (Sen, 1985, 1993) implies the evaluation of unobservables in a context of complexity and interaction amongst the different capabilities. The issue of measurement of well being in the capability approach is interested by problems related...

This paper explores the possibilities of using fuzzy inference system and structural equation modelling to measure capabilities both at a theoretical and empirical level. Fuzzy set theory has been already used to measure functionings (Chiappero Martinetti 1996, 2000, Lelli 2001) while structural...

This paper aims at measuring the functionings of social interaction, a relevant dimension in the description and conceptualisation of child well being by using the capability approach. In this paper we deal with a special dimension of this capability that involves the capability of interaction...