Real Options in practice Chapter 5 potx
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
Wastewater Purification: Aerobic Granulation in Sequencing Batch Reactors - Chapter 5 potx
... in gure 5. 16, incomplete aerobicgranulationwasobservedinSBRsrunatthedischargetimesof10, 15, and 20 minutes, while successful aerobic granulation was only achieved at the discharge time of 5 minutes. ... 767–771. Yu,H.Q.,Tay,J.H.,andFang,H.H.P.2001.Therolesofcalciuminsludgegranulation during UASB reactor start-up. Water Res 35: 1 052 –1060. FIGURE 5. 21 FilamentousPSobservedinaerob...
Ngày tải lên: 18/06/2014, 16:20
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
Neuroimmunology in Clinical Practice - part 5 potx
... plasmapheresis in acute disseminated (post- infectious) encephalomyelitis. J Clin Apheresis, 7(4), 173 –9. Sugita, K., Suzuki, N., Shimizu, N. et al. 1993. Involvement of cytokines in N-methyl-N’-nitro-N- nitrosoguanidine-induced ... T.K. 19 85. Sequential electrodiagnostic abnormalities in acute in ammatory demyelinating polyradiculoneuro- pathy. Muscle Nerve, 8, 52 8–39 Arnason, B....
Ngày tải lên: 10/08/2014, 00:20
Deterministic Methods in Systems Hydrology - Chapter 5 potx
... a single linear reservoir. - 89 - Lateral inflows Uniform lateral inflow routing of the remainder of the inflow through the remaining (n-1) reservoirs. This is equivalent to the inflow ... Ungauged catchments CHAPTER 5 Linear Conceptual Models of Direct Runoff 5. 1 SYNTHETIC UNIT HYDROGRAPHS In Chapter 4 we discussed the black-box analysis of linear time-invariant...
Ngày tải lên: 10/08/2014, 01:21
In Situ Treatment Technology - Chapter 5 potx
... air-cooled Piston water-cooled Diaphragm 1/2 - 50 0 10 - 50 0 10 - 200 10 - 250 10 - 250 10 - 250 Efficient, light-weight Efficient, heavy-duty No seal, contamination-free Rotary Sliding vane 10 - 50 0 ... 50 0 10 - 150 Compact, high-speed Screw (helix) 10 - 50 0 10 - 150 Pulseless delivery Lobe, low-pressure 15 - 200 5 - 40 Compact, oi...
Ngày tải lên: 11/08/2014, 06:23
Flocculation In Natural And Engineered Environmental Systems - Chapter 5 potx
... design in natural and engineered water and wastewater treatment systems. In natural aquatic 1 -5 667 0-6 1 5- 7 / 05/ $0.00+$1 .50 © 2005byCRCPress 95 Copyright 20 05 by CRC Press “L16 15_ C0 05 — 2004/11/19 ... characterization of natural aggregates in terms of fractal geometry. The series of images in Figure 5. 4 also is consistent with the aggregation 2 min...
Ngày tải lên: 11/08/2014, 17:20
Modeling phosphorus in the environment - Chapter 5 potx
... interactions in the Eucha-Spavinaw Basin, USA. J. Soil Water Conserv. 61:1 05 1 15. © 2007 by Taylor & Francis Group, LLC 1 05 5 Phosphorus Transport in Streams: Processes and Modeling Considerations Brian ... Agriculture-Agricultural Research Service, University Park, PA CONTENTS 5. 1 Introduction 1 05 5.2 Abiotic and Biotic Processes 106 5. 3 Phosphorus Spiraling 109...
Ngày tải lên: 12/08/2014, 00:22
Urological Emergencies in Clinical Practice - part 5 potx
... some indication of the likeli- hood of associated bladder and urethral injuries, the open-book 5. TRAUMATIC UROLOGICAL EMERGENCIES 85 TABLE 5. 2. The Tile classification system of pelvic ring fractures Type ... there has been a delay in recognising the 5. TRAUMATIC UROLOGICAL EMERGENCIES 75 Top loop of stent in renal pelvis Guidewire JJ stent Guidewire in side hole of middle...
Ngày tải lên: 14/08/2014, 11:20