LIN, TYRONE T.; SHIH, TUNG-LI - In: Asia-Pacific Journal of Operational Research (APJOR) 22 (2005) 01, pp. 71-83
This study applies the real options approach to examine the maximum net present value of the market entry/exit thresholds given uncertain cash flows. The discount and growth factors are determined in the proposed entry/exit models, facilitating the complex calculation of the discount and growth...