Real Options in practice Chapter 4 ppsx
real options in practice
... framework. 25 He Taking an Idea into Practice 41 Real Options in practice MARION A. BRACH John Wiley & Sons, Inc. point out that a single investment project often entails several distinct real options creating ... also uncertain. The firm therefore faces significant cost uncertainties in undertaking the project. In 1993, Pindyck introduced cost uncertainty as a distingui...
Ngày tải lên: 23/04/2014, 22:28
Environmental Management in Practice Part 4 pot
... system in East Asia. Financial Review, Vol.93, No.1, (March 2009), pp. 176-1 94, ISBN 978 -4- 99 041 74- 4 -4 (Japanese) Köppel, M. (2009). Explaining the Effectiveness of Binding and Nonbinding Agreements: ... interpret East Asian choice of non-binding approach in such a way that East Asia is getting or trying to get the non-binding advantages whereas facing the difficulties for get...
Ngày tải lên: 19/06/2014, 21:20
TRUMP STRATEGIES FOR REAL ESTATE CHAPTER 4 ppsx
... respond to TRUMP STRATEGIES FOR REAL ESTATE 92 Telephone Traps You Should Know • One party will often forget something in a telephone negotiation, because both sides tend to prepare less for a telephone ... gotten all the information you wanted, tell the caller that you will call him or her back. This gives you the time necessary to craft a proper reply. TRUMP STRATEGIES FOR...
Ngày tải lên: 01/07/2014, 20:20
10 Minute Guide to Investing in Stocks Chapter 4 pptx
... are split into two issues—common stock that appeals more to individual investors; and the various classes of preferred stock that are geared more to the needs of institutional investors. Various ... types of investors: common stock and preferred stock. As a very general rule, the benefits of common stock tend to be more geared for individual investors while those of preferred stock tend...
Ngày tải lên: 01/07/2014, 21:20
Real Options in practice Chapter 1 ppsx
... preference of the investor. 28 REAL OPTIONS IN PRACTICE 1 2 0 15 16 21 22 27 12 17 23 13 18 24 14 19 25 26 20 10 11 t 0 t 1 t 2 t 3 t 4 t 5 t 6 3 4 6 7 8 5 9 FIGURE 1. 7 The binomial tree To my ... be very distinct in real options versus financial options. We will discuss some of the fundamental differences in the next chapter. The Black-Scholes pricin...
Ngày tải lên: 02/07/2014, 01:20
Real Options in practice Chapter 2 pot
... important insights into the commonalities and differences between real options and financial options. Taking an Idea into Practice 43 FIGURE 2. 6 Financial versus real options ANALOGIES: FINANCIAL OPTIONS REAL ... 2. 9. Taking an Idea into Practice 51 FIGURE 2. 9 Real options behave different than financial options ❑ Increasing volatility does increase the value of fi...
Ngày tải lên: 02/07/2014, 01:20
Real Options in practice Chapter 4 ppsx
... (years) 12 34 12 345 4. 00 3.98 2.63 5.37 4. 00 4. 00 4. 00 4. 00 4. 00 Value of the Put Option ($m) Value of the Put Option ($m) 12 34 12 345 36.55 36.06 27.33 44 .68 36.55 36.20 36. 34 36.76 36.13 is that, with increasing ... min () () () () () 1 1111 2 2 3 3 4 4 5 5 116 REAL OPTIONS IN PRACTICE TABLE 4. 2 The option value under time uncertainty Value of the Call Optio...
Ngày tải lên: 02/07/2014, 01:20
Real Options in practice Chapter 5 potx
... 117 .58 313 .53 2 15. 55 0 .58 3 15 1 85. 07 444.18 314.62 0 .59 1 15 111.04 296.11 203 .57 0 .58 2 20 174.18 418. 05 296.11 0 .59 1 20 104 .51 278.70 191.60 0 .58 2 Node 13 Expected Margin (%) Value ($) pK = 150 ... 207 .52 0 .58 15 104.46 278 .57 191 .51 0 .58 20 95. 74 255 .31 1 75. 52 0 .58 Option Value at Node 2 Margin (%) K = 100 + 50 ($) 10 182.77 15 161.99 20 148.70 Optio...
Ngày tải lên: 02/07/2014, 01:20
Real Options in practice Chapter 6 docx
... 0.5 q 6 = 0.5 Launch 15 16 19 20 150m 100m 14 17 18 – K – K FIGURE 6. 12 The binomial tree of managerial options: Invest in learning or learn passively by deferring 2 06 REAL OPTIONS IN PRACTICE 0 2 4 6 8 10 12 14 507090110 Worst ... learning actively equals exactly the value of defer- ring and investing later. The dashed line in Figure 6. 18 depicts the border 202 REAL...
Ngày tải lên: 02/07/2014, 01:20
Real Options in practice Chapter 7 potx
... also starting in two years and—over a period of five years—result- ing in cost savings of $5 million. These assumptions translate into the fol- lowing binomial asset tree shown in Figure 7. 7. Without ... “Rethinking Accounting,” Financial Executive 18:34, 2002. 32. R. McGrath, “A Real Option Logic for Initiating Technology Position- ing Investments,” Academy of Management Review 22:...
Ngày tải lên: 02/07/2014, 01:20
Real Options in practice Chapter 9 pot
... 199 5. 33. B. Lambrecht and W. Perraudin, Real Options and Preemption under Incomplete Information (Real Option Group Conference, Cambridge, UK, 199 9). 34. D. Goodin, “Intel Net Dropped 82% in ... Mauboussin, “Get Real: Using Real Options in Security Analysis,” CSFB Equity Research, June 23, 199 9. 36. M.A. Desai, P. Tufano, and Laura Martin, Real Options and the Cable Indu...
Ngày tải lên: 02/07/2014, 01:20
Flocculation In Natural And Engineered Environmental Systems - Chapter 4 ppsx
... “L1615_C0 04 — 20 04/ 11/19 — 02 :47 — page 74 — #4 74 Flocculation in Natural and Engineered Environmental Systems including O’Ne-eil, have been monitored using counting fences for nearly ... the Copyright 2005 by CRC Press “L1615_C0 04 — 20 04/ 11/19 — 02 :47 — page 84 — # 14 84 Flocculation in Natural and Engineered Environmental Systems Fractal D 0.8 1.0...
Ngày tải lên: 11/08/2014, 17:20
Heavy Metals Release in Soils - Chapter 4 ppsx
... 6.5 30.9 3.6 0 .4 65.1 34. 5 58 20 46 0 42 .1 3.7 39.0 14. 9 0.3 45 .8 53.9 4. 0 2.1 920 41 .7 12.0 34. 8 11.0 0.5 53.7 45 .8 4. 3 2.0 2300 27.9 5.2 34. 5 29.2 3.2 33.1 63.7 4. 4 2.0 a Σ ... C.A., W.P. Inskeep, and D.R. Neuman. 1997. Arsenic transport in contaminated mine tailings following liming. J. Environ. Qual. 26 :43 3 -4 39. Jurinak, J.J. and J. Santillian-Me...
Ngày tải lên: 12/08/2014, 02:20
ASP.NET 4.0 in Practice phần 1 ppsx
... xxv PART 1 ASP.NET FUNDAMENTALS 1 1 Getting acquainted with ASP.NET 4.0 3 1. 1 Meet ASP.NET 4 1. 2 Typical architecture in ASP.NET applications 7 1. 3 Your first ASP.NET Web Form 13 1. 4 What’s new in ASP.NET ... TOPICS 317 12 ■ Ajax and RIAs with ASP.NET 4.0 319 13 ■ State 348 14 ■ Caching in ASP.NET 366 15 ■ Extreme ASP.NET 4.0 396 16 ■ Performan...
Ngày tải lên: 12/08/2014, 15:23
ASP.NET 4.0 in Practice phần 2 ppsx
... = " ;22 222 2", Phone = " ;23 33333", PostalCode = " 123 445", Listing 2. 5 Creating a new customer TECHNIQUE 7 58 CHAPTER 3 Integrating Entity Framework and ASP.NET VB: Public ... persists, in the database, modifica- tions you make to objects. When you use an ORM, your productivity is going to increase dramatically. Listing 2. 7 Deleting a customer 5...
Ngày tải lên: 12/08/2014, 15:23