Cannavacciuolo, Lorella; Iervolino, Luigi; Iandoli, Luca; … - In: Fuzzy Economic Review IX (2004) 1, pp. 3-18
This paper presents a fuzzy real option model for the estimation of the value of an investment in individual compe-tencies. The use of the real option technique is justified on the basis of the following hypotheses: i) either deve-loping or acquiring a competency is a financial investment; ii)...