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There are techniques available for deciding on initial project viability. Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR) and other techniques are well known and widely used in an effort to estimate a project's initial profitability and...
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The concept of option pricing is used to develop an alternative model for pricing services that have a fixed availability and expiration. The binomial option pricing model and abandonment theory are financial models used to demonstrate that the option to cut price contributes positively to a...
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