E. Brandão, Luiz; Dyer, James S.; Hahn, Warren J. - In: European Journal of Operational Research 220 (2012) 3, pp. 642-648
volatility. Most often, however, there is no market or historical data available to provide an accurate estimate for this … parameter. A common approach to estimating the project volatility in such instances is to use a Monte Carlo simulation where one … the volatility parameter can be determined. Nonetheless, the simulation estimation method originally suggested for this …