, accountability, transparency, flexibility, and both goal and instrument independence; 2) Theoretical analysis of discrepancies of the …

, the strategic value of a joint venture and the value of flexibility that stems from a less than full commitment can be …

enterprise (MNE) from a dynamic perspective. It is argued that incorporating a suitable treatment of irreversibility, uncertainty … and flexibility related to a MNEs investment decision gives further insights to the expansion, dissolvement, and optimal … timing of international joint ventures (IJVs). The evolutionary process of the value of the foreign direct investment can be …

duopoly with aggregate demand uncertainty. We find that limited liability and investment irreversibility is likely to produce …

This paper presents a simple discrete time model for valuing real options. A short proof of optimal exercise rules for … the underlying uncertainty is modelled as a random walk on a lattice. The method of the paper is based on the use of the … expected present value operators. With straightforward modifications, the method works in discrete time--continuous space …

is used for price process, enabling analysis of the value of operating flexibility, the opportunity to sell and abandon … investment. Our case study, using real data, indicates that when the decision to build is considered, the plant’s flexibility and …

Continuous time models in the theory of real options give explicit formulas for optimal exercise strategies when …, computationally simple approach to real options in discrete time. Explicit formulas are derived even for embedded options. Discrete … time processes reflect the scarcity of observations in the data, and may account for fat tails and skewness of probability …