Warianty tytułu
Języki publikacji
Abstrakty
This paper presents the outline of the valuation method of development projects in which there are real option situations. The proposed method takes into account the dependence of the project as a result of two independent random economic factors, which are called state variables. Based on binomial trees, and uses multicriteria dynamic programming. Its use should allow not only to make the right decisions about the project, but also to support decision making during its implementation. (fragment of text)
Słowa kluczowe
Rocznik
Strony
183--194
Opis fizyczny
Twórcy
autor
- University of Economics in Katowice, Poland
Bibliografia
- Black F., Scholes M. (1973), The Pricing of Options and Corporate Liabilities. "The Journal of Political Economy" 81, No. 3, 637-654.
- Boyle P.P. (1977), Options: a Monte Carlo approach. "Journal of Financial Economics" 4, 323-338.
- Cox J.C., Ross S.A., Rubinstein M. (1979), Option pricing: a simplified approach. "Journal of Financial Economics" 7, 229-263.
- Dixit A.K., Pindyck R.S. (1994), Investment under Uncertainty. Princeton University Press, Princeton.
- Guthrie G. (2009), Real Options in Theory and Practice. Oxford University Press, Oxford.
- Kumar R.L. (2002), Managing risks in IT projects: an options perspective. "Information & management" 40, No. 1, 63-74.
- Myers S.C. (1974), Interactions of Corporate Financing and Investment Decisions- Implications for Capital Budgeting. "The Journal of Finance" 29, No. 1, 1-25.
- Seydel, R.U. (2009), Tools for Computational Finance. Fourth ed. Universitext. Springer, Berlin Heidelberg.
- Trigeorgis L. (1993), Real Options and Interactions with Financial Flexibility. "Financial Management" 22, No. 3, 202-224.
- Weron A., Weron R. (1998), Inżynieria finansowa. WNT, Warszawa.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171252801