Real options models consider an investment project where the economic environment is uncertain. The uncertainty is integrated through stochastic processes to model the evolution of underlying variables that determine the value of an investment opportunity. Establishing the uniqueness of the...

Real options are a type of investment choice that supports decision-makers in making better strategic management decisions while simultaneously reducing uncertainty in investments. In this paper, we present a new model to help investors handle uncertain investment environments flexibly. First,...

This study incorporates the overextrapolation belief into the classic real options model. Using the stochastic dynamic programming method, we obtain the semiclosed-form solutions for the optimal investment and valuation of real options and the welfare loss owing to overextrapolation. The...

The study examines the effect of outside options on trust and trustworthiness. Building on the logic of self-justification and escalation, it is hypothesized that parties who have invested in outside options will behave in a less trustworthy (and more self-serving) manner with their exchange...

The paper undertakes a techno-economic analysis of a WiMax network in the unlicensed band (5 GHz) based on a network design for a medium sized, sub-urban community. WiMax (Worldwide Interoperability for Microwave Access) networks based on IEEE802.16 group of standards have been heralded as...