real options business cases

... requires additional real options analysis To perform a real options analysis on this existing model, launch the real options functions by clicking on Start, Programs, Crystal Ball, Real Options Analysis ... student in mind Real Options Analysis Course’s business cases, exercises, step-bystep methodologies, and applications have been adapted for and solved using the enclosed Real Options Analysis ... of Real Options 73 Binomial Lattices 73 Granularities in Lattices 77 State-Pricing Approach to Solving a European Option Trinomial Lattices and American Options 90 88 CHAPTER Real Options Business...

Ngày tải lên: 09/04/2014, 12:06

... scam!") You should approach your business as if it was a "real" business, one that you had invested your life savings into If you had sunk $200,000 into your MLM business, would you let "nos" stop ... starting your own mail-order business" - which is actually an instruction sheet for sending out your own chainletter mailings) Unless the product is a REAL product that real people would buy even ... a very effective way to business Similarly, when properly implemented, MLM is different from traditional retailing AND franchising, but can be a very effective way to business Back to Top How...

Ngày tải lên: 22/10/2012, 14:02

... components of an eCommerce business case Discuss steps needed to build a persuasive analysis Examine a case that demonstrates the complexities of eCommerce business case development A business case generally ... components Business Model A business strategy specifying the primary approach and rationale for pursuing an eCommerce opportunity Financial Model The financial analysis of a proposed business model ... traditional businesses Baseline Projections Revenue Estimates Business Model and Logic Expense Estimates Valuations The data and assumptions that drive eCommerce financial models are the crux of the business...

Ngày tải lên: 18/10/2013, 11:15

... hạn hoàn vốn lâu, vậy, dự án hoàn toàn không hấp dẫn Có lẽ công ty NFK chưa dùng phương pháp real options để đánh giá dự án này, song phương pháp (nếu sử dụng) cho kết gần với giá trị mỏ vàng ... tự, đơn theo quy luật chu kỳ dao động giá quy luật quy tụ giá mức trung bình Song phương pháp real options lại cho phép giải mã giả thiết thành số Có thể miêu tả vắn tắt sau: Công ty cần xác định ... đợi Chỉ số nhân lên với giá trị công ty tính Và vậy, bạn có giá trị công ty tính phương pháp real options Con số cho nhà đầu tư xem chào họ mua công ty bạn, vậy, mức giá bán cao nhiều so với...

Ngày tải lên: 09/12/2013, 18:15

... II : ENGLISH – VIETNAMESE REAL- ESTATE BUSINESS TERMS 14 I Overview of Real- estate business 14 II The popular construction of English real estate business terms 14 Single ... improve our Realestate business vocabulary understanding Through the chapter II, –Into Real estate business terms and their equivalent study on the popular construction of Real estate business terms ... English real estate business terms The term that make up the language of real estate business are quite available and its word building are also based on different ways but the majority of real...

Ngày tải lên: 11/12/2013, 23:48

... commonalities and differences between real options and financial options ANALOGIES: FINANCIAL OPTIONS REAL OPTIONS Financial Option Variable Investment Project /Real Option Exercise price K Costs ... as on the use of real option concepts to create and guide behavior COMPARATIVE ANALYSIS: FINANCIAL AND REAL OPTIONS The conceptual analogy between financial options and real options is quite ... be transferred to the application of real options, while the nature of the probability distributions may be very distinct in real options versus financial options We will discuss some of the fundamental...

Ngày tải lên: 23/04/2014, 22:28

... later options Most real world options are of this kind Case study in Chapter and Table 3-2 Comparison between Financial Options and Real Options Characteristics Financial options Real options ... and Limitations 28 3-1 Type of Real Options 47 3-2 Financial Options versus Real Options 47 3-3 Correspondence between Financial and Real Options .51 5-1 Major Assumptions ... modification Table 3-2 lists the major differences between financial options and real options (Mun, 2002) 46 Table 3-1 Types of real options Options Features Defer To postpone construction till optimal...

Ngày tải lên: 03/06/2014, 02:10

... Exercising Options in Option-Value Space 75 The Real- Options Growth (ROG) Matrix 77 The Growth Matrix 82 R & D Investment in the Real- Options Growth (ROG) Matrix 84 A Shared Option in the Real- Options ... 3.2.1 Basic Nature of Options 98 3.2.2 From Financial to Real Options Valuation 100 3.3 Overview of Common Real Options 106 3.3.1 The (Simple) Option to Defer 110 3.3.2 Options to Expand or Contract ... 2.4.2 Exercise Timing of Options: The Tomato Garden Analogy 72 2.4.3 Real- Options Growth Matrix 76 2.5 Conclusions 90 Chapter Corporate Real Options 93 3.1 Introduction 93 3.2 Options Valuation 94...

Ngày tải lên: 11/06/2014, 13:33

... years, real options will replace NPV as the central paradigm for investment decisions.” Tom Copeland & Vladimir Antikarov Real Options, A Practitioner’s Guide, 2001 “Information for evaluating real ... for real option pricing, and it is the benchmark against which to measure real option execution If real option execution fails to live up to the expectations set in the real option analysis Real ... be transferred to the application of real options, while the nature of the probability distributions may be very distinct in real options versus financial options We will discuss some of the fundamental...

Ngày tải lên: 02/07/2014, 01:20

... commonalities and differences between real options and financial options ANALOGIES: FINANCIAL OPTIONS REAL OPTIONS Financial Option Variable Investment Project /Real Option Exercise price K Costs ... late market entry ❑ ❑ ❑ FIGURE 2.9 Real options behave different than financial options 52 REAL OPTIONS IN PRACTICE THE BINOMIAL PRICING MODEL TO PRICE REAL OPTIONS Six years after Black and Scholes ... as on the use of real option concepts to create and guide behavior COMPARATIVE ANALYSIS: FINANCIAL AND REAL OPTIONS The conceptual analogy between financial options and real options is quite...

Ngày tải lên: 02/07/2014, 01:20

... between real and financial options is that financial options are monopoly options, while real options are often shared Competitive entry may prematurely terminate a real option Further, for real options, ... variability, specifically for investment options that are only at the money REAL CALL OPTIONS WITH UNCERTAIN TIME TO MATURITY Real options, other than financial options, often suffer from the random ... uncertainty increases sharply as the four product options move deeper into the money as they progress successfully through the development stages 112 REAL OPTIONS IN PRACTICE Figure 4.6 examines this...

Ngày tải lên: 02/07/2014, 01:20

... in a Real Options Model of R&D Consumption.” Review of Economic Studies, in print, 2002; N Kulatilaka and E.C Perotti, “Strategic Growth Options, ” Management Science 44:1021, 1998 174 REAL OPTIONS ... of Exotic Options to Firm’s Strategic Delocalisation Policies under Exchange Rate Risk (Real Option Group Conference, Cambridge, 1998) 18 S Grenadier, “Valuing Lease Contracts A Real- Options Approach,” ... Intersection of Real Options and Game Theory (Risk Books, London, 2001) 19 N Kulatilaka and E.C Perotti, “Strategic Growth Options, ” Management Science 44:1021, 1998; B Lambrecht and W Perraudin, Real Option...

Ngày tải lên: 02/07/2014, 01:20

... decision Antiques, just like real assets, are traded in decentralized, incomplete markets, which brings noise to the valuation process The real asset value 178 REAL OPTIONS IN PRACTICE cannot be ... “The Value of Market Research When a Firm is Learning Real Option Pricing and Optimal Filtering,” in L Trigeorgis, ed., Real Options and Business Strategy Applications to Decision-making (Risk ... money The effect of noise on the acquisition and exercise of real options is ambiguous Noise can lead to a more aggressive exercise of a real option than when the true asset value can be perfectly...

Ngày tải lên: 02/07/2014, 01:20

... uncertainties.28 The value of real options is very sensitive to the strength of corporate competencies; real options provide a link between assets, resources, organi- Real Option Analysis—A Support ... competence mirage Core competence makes an opportunity into a real option at the money 228 REAL OPTIONS IN PRACTICE or deep in the money for a given business Other organizations with different organizational ... in the real option valuation, adjust organizational processes, perform performance review, and 230 REAL OPTIONS IN PRACTICE Current Capabilities Required Capabilities Value Drivers in the Real...

Ngày tải lên: 02/07/2014, 01:20

... available options carefully and exercise as required Flexibility Real Options Capabilities FIGURE 9.3 The organizational real option triad Resources 296 REAL OPTIONS IN PRACTICE Real Options Being ... growth options Others have collected empirical evidence for intuitive use of real options in real markets, concerning real decisions Quigg38 was first to investigate the predictive power of the real ... Mauboussin, “Get Real: Using Real Options in Security Analysis,” CSFB Equity Research, June 23, 1999 M.A Desai, P Tufano, and Laura Martin, Real Options and the Cable Industry (Harvard Business School...

Ngày tải lên: 02/07/2014, 01:20

... equipment, or to introduce new products The expected return will reflect the expected return on the real options as well as the assets in place Consequently, the rate will be too high 211 ... to wait a An increase in PVGO increases the stock’s risk Since PVGO is a portfolio of expansion options, it has higher risk than the risk of the assets currently in place b The cost of capital...

Ngày tải lên: 14/08/2014, 11:20

... perseveres in pursuing real estate business to keep real estate in FPT business structure However, this business future has been poor image Exception FPT City Da Nang, FPT real estate business is still ... strength and weakness of FPT in real estate business It also defined three alternative strategies to market development to real estate business of FPT Key words Strategy, real estate, rces, Resource ... years Therefore, FPT had been being standstill with their real estate business now In summary, real estate business is very important and new business of FPT but FPT seems not considered or prepared...

Ngày tải lên: 24/11/2014, 01:34

Ngày tải lên: 26/03/2015, 10:24

Ngày tải lên: 27/03/2015, 14:05

Ngày tải lên: 27/03/2015, 14:12