摘要:Real option analysis is becoming increasingly well known among valuation practitioners. The early rather limited formulae are now being replaced by powerful and flexible software tools. The aim of this paper is to provide a reasoned analysis of the advantages and principles of this type of modern ?valuationengine? , through the study of the successive stages involved in the real option valuation process.
其他摘要:Real option analysis is becoming increasingly well known among valuation practitioners. The early rather limited formulae are now being replaced by powerful and flexible software tools. The aim of this paper is to provide a reasoned analysis of the advantages and principles of this type of modern ?valuationengine? , through the study of the successive stages involved in the real option valuation process.