This paper refers to the conceptualizations of strategic flexibility, real options, and human resource (HR) options to build a model for valuing future-oriented and organizational flexibility-enhancing aspects of training. By adopting an indirect approach to measuring HR options by valuing...

Monte Carlo simulation and geometric Brownian motion are the two methods employed for valuation of guarantees in public-private partnership projects. In this article we argue that any guarantee within the projects that exhibit non-constant growth rate of demand should always be evaluated by...