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Coordination and Flexibility in Supply Contracts with Options
Barnes-Schuster, Dawn; Bassok, Yehuda; Anupindi, Ravi - In: Manufacturing & Service Operations Management 4 (2002) 3, pp. 171-207
We investigate the role of options (contingent claims) in a buyer-supplier system. Specifically using a two-period model with correlated demand, we illustrate how options provide flexibility to a buyer to respond to market changes in the second period. We also study the implications of such...
Persistent link: https://www.econbiz.de/10009218773
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Playing the lottery or dressing up? : a model of firm-level heterogeneity and the decision to exporte
Naudé, Wim; Gries, Thomas; Bilkic, Natasa - In: The quarterly review of economics and finance : journal … 58 (2015), pp. 1-17
Persistent link: https://www.econbiz.de/10011574012
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Financial optimisation and risk management in refining activities
Fiorenzani, Stefano - In: International Journal of Global Energy Issues 26 (2006) 1/2, pp. 62-82
The real options approach has become a benchmark in real assets evaluation and optimal management problems, especially in liberalised and competitive markets such as the oil and hydrocarbon markets. This paper describes how the same approach can be a useful tool for both risk management...
Persistent link: https://www.econbiz.de/10010669977
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Risk, risk aversion, and agricultural technology adoption : a novel valuation method based on real options and inverse stochastic dominance
Spiegel, Alisa; Britz, Wolfgang; Finger, Robert - In: Q open : a journal of agricultural, climate, … 1 (2021) 2, pp. 1-26
Risk and risk preferences belong to the key determinants of investment-based technology adoption in agriculture. We develop and apply a novel approach in which an inverse second order stochastic dominance approach is integrated into a stochastic dynamic farm-level model to quantify the effect of...
Persistent link: https://www.econbiz.de/10013327948
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Using real options to determine optimal funding strategies for CO2 capture, transport and storage projects in the European Union
Eckhause, Jeremy; Herold, Johannes - In: Energy Policy 66 (2014) C, pp. 115-134
Several projects in the European Union (EU) are currently under development to implement the carbon capture, transport and storage (CCS) technology on a large scale and may be subject to public funding under EU support initiatives. These CCS projects may develop any combination of three types of...
Persistent link: https://www.econbiz.de/10010737878
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Project Management Under Risk: Using the Real Options Approach to Evaluate Flexibility in R...D
Huchzermeier, Arnd; Loch, Christoph H. - In: Management Science 47 (2001) 1, pp. 85-101
Managerial flexibility has value in the context of uncertain R...D projects, as management can repeatedly gather information about uncertain project and market characteristics and, based on this information, change its course of action. This value is now well accepted and referred to as "real...
Persistent link: https://www.econbiz.de/10009197701
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Real options and American derivatives : the double continuation region
Battauz, Anna; De Donno, Marzia; Sbuelz, Alessandro - In: Management science : journal of the Institute for … 61 (2015) 5, pp. 1094-1107
Persistent link: https://www.econbiz.de/10011284877
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Risk-based new venture valuation technique : win-win for entrepreneur and investor
Vara, Whittington P. - In: Journal of business valuation and economic loss analysis 8 (2013) 1, pp. 1-26
Persistent link: https://www.econbiz.de/10009758028
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Optimal energy procurement in spot and forward markets
Secomandi, Nicola; Kekre, Sunder - In: Manufacturing & service operations management : M & SOM 16 (2014) 2, pp. 270-282
Persistent link: https://www.econbiz.de/10010367150
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The valuation of iIlliquid assets : a focus on private equity and real estate
Gibson, Rajna; Hoesli, Martin; Shan, Jiajun - 2022
and real estate. We discuss the traditional valuation methods, in particular the net present value (NPV) rule, and show in … what circumstances these can lead to suboptimal investment decisions. Emphasis is placed on a real option valuation … bound in a competitive market and the real option exercise criteria and valuation models as providing the upper bound to …
Persistent link: https://www.econbiz.de/10013168778