Showing 1 - 10 of 27
incertidumbre a través de la aplicación de opciones reales en la evaluación de inversiones en proyectos mineros. Asimismo, se … es que evaluar proyectos mediante el enfoque de opciones reales permite valorizar —en su real magnitud— los beneficios … metodología de valorización a través de opciones reales posibilita estructurar el pensamiento estratégico. …
Persistent link: https://www.econbiz.de/10011859390
scholars. This study, differing from previous ones, proposes an alternative approach for this hypothesis using a real options … framework with the extension of agency theory. Method: The real options model is built using the least square Monte Carlo method … classical real options call model. This is mainly due to franchise contractual arrangement, where royalty fee lower the …
Persistent link: https://www.econbiz.de/10011808218
scholars. This study, differing from previous ones, proposes an alternative approach for this hypothesis using a real options … framework with the extension of agency theory. Method: The real options model is built using the least square Monte Carlo method … classical real options call model. This is mainly due to franchise contractual arrangement, where royalty fee lower the …
Persistent link: https://www.econbiz.de/10011588611
This study has as its main objective to develop an analysis of decision making under uncertainty using the real options … has been used for this. The main result is that to evaluate projects using the real options approach allows to evaluate … trinomial of profitability-risk-flexibility. The assessment method using real options makes it possible to structure strategic …
Persistent link: https://www.econbiz.de/10011875169
This paper proposes a binomial model for company valuation, projecting scenarios of continuity or insolvency of the company, and comparing it with the discounted cash flow model. The Real Option Theory is used for estimating the value of the company, which results in an explicit trade-off...
Persistent link: https://www.econbiz.de/10011872430
managed as real options on the underlying commodity prices. Merchant operations is an integrated trading and operations …
Persistent link: https://www.econbiz.de/10010883401
We develop a dynamic model in which a firm exercises an option to expand production with cash balance and costly external funds. While related papers explain their results only by numerical examples, we analytically prove the following results. In the presence of only a proportional cost of...
Persistent link: https://www.econbiz.de/10009372412
value of 29–34% for properties most similar to vacant land. Multiple tests across towns support predictions of real options …
Persistent link: https://www.econbiz.de/10010608477
Ethanol crush spreads are used to model the value of a facility which produces ethanol from corn. A real option analysis is used to investigate the effects of model parameters on the related managerial decisions of (i) how to operate the facility through optimal switching from idled to...
Persistent link: https://www.econbiz.de/10010868724
Options' in which investments present uncertainty both in the gross project value and in costs. According to Majd and Pindyck … (1987), in a real options context, “div- idends” are the opportunity costs inherent in the decision to defer an investment …
Persistent link: https://www.econbiz.de/10008469939