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This work analyzes the problem of delegated decision-making within firms when investment projects are characterized by the possibility to make subsequent decisions after the initial investment decision has been made. By analyzing this question, the monograph combines and unifies two important...
Persistent link: https://www.econbiz.de/10013520652
-claims analysis, stochastic game theory, as well as novel numerical methods. The text re-initiates a discussion about the contribution … contingent-claims analysis, stochastic game theory, as well as novel numerical methods. Bridging a widening gap between recent … advances in the theory of financial analysis and current challenges faced by pharmaceutical companies, the text re-initiates a …
Persistent link: https://www.econbiz.de/10013520747
Matthias Hundt entwickelt ein Realoptionsmodell auf Basis Gemischt-Ganzzahlig-Linearer-Programmierung, das bi-direktional mit einem fundamentalen Elektrizitätsmarktmodell gekoppelt ist. Dieser Ansatz ermöglicht, den Wert der Investitionsoption unter der Berücksichtigung technischer...
Persistent link: https://www.econbiz.de/10014017674
tools necessary to answer these and other related questions in the context of the so-called environmental finance theory …
Persistent link: https://www.econbiz.de/10012397166
Marius Wittke stellt fest, dass kognitive Verzerrungen fehlerhafte Projektentscheidungen verursachen können. Dadurch ergeben sich Realoptionswertminderungen, die eine Überbewertung von Handlungsflexibilitäten nach der klassischen Realoptionsbewertung zur Folge haben. Es gelingt dem Autor, den...
Persistent link: https://www.econbiz.de/10011974650
List of Figures -- List of Tables -- Chapter I. Conceptual framework -- Chapter II. Literature Review -- Chapter III. Findings -- Chapter IV. Conclusions -- Glossary -- References -- Annex I. Bibliography on Real Options and Strategic Decision Making -- Annex II. List of Survey Questions --...
Persistent link: https://www.econbiz.de/10014016275
This book explains the standard Real Options Analysis (ROA) literature in a straightforward, step by step manner without the use of complex mathematics. A lot of ROA literature is described through partial differential equations, probability density functions and simulation techniques, all of...
Persistent link: https://www.econbiz.de/10014019424
shows that the assumption of a constant interest rate in real options valuation is not justifiable. All necessary theory is …
Persistent link: https://www.econbiz.de/10014014074
update during the development process. It is one of the first comprehensive models that combine statistical decision theory …
Persistent link: https://www.econbiz.de/10014014772
This book analyzes the economic principles of modern corporate taxation. It is novel in two respects. First of all, it analyzes not only the effects of taxation on firms' marginal choices, but also focuses on the impact of taxation on discrete choices, such as plant location, R and D investment,...
Persistent link: https://www.econbiz.de/10013520680