Extending the concept of real options, the research considers HR as a strategic asset and emphasizes certain HRM practices as creating HR options in terms of reducing uncertainties related to returns, volume and combinations and costs. HR option is in fact real option, since it allows the...

The objective of this paper is to combine a real options framework with portfolio optimization techniques and to apply this new framework to investments in the electricity sector. In particular, a real options model is used to assess the adoption decision of particular technologies under...

This essay explores the link between the exponential probability density function and the present value function coupled with moment theory to derive important non probabilistic parameters from the Present value function in which are then used to derive a measure of the volatility of interest...

This paper shows that the presence of conditional staging in R&D (Research & Development) has a critical impact on portfolio risk, and changes diversification arguments when a portfolio is constructed. When R&D projects exhibit option-like characteristics, correlation between projects plays a...