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

... 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 fina...

Ngày tải lên: 02/07/2014, 01:20

... Rubinstein and E. Reiner, “Breaking Down the Barriers” Risk Mag- azine 8:28, 199 1; M. Rubinstein and E. Reiner, “Unscrambling the Bi- nary Code” Risk Magazine 9: 37, 199 1. 174 REAL OPTIONS IN PRACTICE THE ... Economics 108:1105, 199 3. 8. S. Fries, M. Miller, and W. Perraudin, “Debt Pricing in Industry Equi- librium,” Review of Financial Studies 10: 39, 199 7; L. Trigeorgis, Rea...

Ngày tải lên: 02/07/2014, 01:20

... Through Meta-Learning and Strategic Context,” Journal of Management, Winter 22:5 49, 199 6. 260 REAL OPTIONS IN PRACTICE If other options embedded in each of the four investment projects are also included, ... Portfolio Theory,” Accounting Today, April 26, 199 9. 36. T. Norretranders, The User Illusion (Penguin Group, 199 9). 37. T. Luehrman, “Investment Opportunities as Real...

Ngày tải lên: 02/07/2014, 01:20

... Merton, “Option Pricing Where the Underlying Stock Returns Are Discontinuous,” Journal of Financial Economics 3:4 49, 197 4. 30 REAL OPTIONS IN PRACTICE In 190 0 he published his insights in his thesis ... Review 79: 9 69, 198 8a. 20. A.K. Dixit and N.S. Pindyck, Investment under Uncertainty (Princeton University Press, 199 4). 21. L. Trigeorgis, Real Options Managerial Flexibi...

Ngày tải lên: 02/07/2014, 01:20

... of Financial Studies 11: 597 , 199 8. 3. T. Berrada, Valuing Real Options When Time to Maturity Is Uncertain (Third Real Option Conference, 199 9). 4. H. Weeds, “Reverse Hysteresis: R&D Investments ... to invest resources in learning and defining the market variability, specifically for investment options that are only at the money. REAL CALL OPTIONS WITH UNCERTAIN TIME TO...

Ngày tải lên: 02/07/2014, 01:20

... 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 206 REAL OPTIONS IN PRACTICE 0 2 4 6 8 10 12 14 507 090 110 Worst Market Case Scenario Option ... electronic book by letting its competitor move first. 2. Invest in active learning and—depending on the learning outcome— pursue...

Ngày tải lên: 02/07/2014, 01:20

... 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 199 3, Pindyck introduced cost uncertainty as a distingu...

Ngày tải lên: 23/04/2014, 22:28

... 157,850 59. 54 1 09 Cd 462.1 88.03 57 Co 271.83 122.06 136.47 1 39 Ce 137.66 165.86 203 Hg 46.604 2 79. 20 113 Sn 115. 09 391 . 69 85 Sr 64.8 49 514.01 137 Cs 11,000 661.66 60 Co 192 5.3 1173.23 1332. 49 88 Y ... High efficiency • High resolution • in window • Large area • in window • High resolution • High efficiency • High resolution • in window • High efficiency • in window • Neutron...

Ngày tải lên: 18/06/2014, 19:20

... can be personalized and individual- ized. The Internet and the World Wide Web are becoming essential tools in an integrated marketing plan and effective tools in sustaining customer loyalty and ... ad- vertising, copywriting, and designing of promotional materials. Implementation is the act of putting the plan together, creating a strat- egy, and seeing it through. Planning an integrated...

Ngày tải lên: 01/07/2014, 22:20