Blending scenarios into real options: relevance of the pay-off method to management investment decisions

Article English OPEN
Favato, G ; Cottingham, J A ; Isachenkova, N (2015)
  • Publisher: Science and Education Publishing Co.
  • Related identifiers: doi: 10.12691/jfa-3-2-1
  • Subject: business | accounting
  • References (15)
    15 references, page 1 of 2

    [1] Myers, S. C. “Determinants of Corporate Borrowing”, Journal of Financial Economics, 5,147-175, 2007.

    [2] Russo J.E, Shoemaker J.P.H., Decision Traps, Fireside Edition, New York, 1989

    [3] Black, F., Scholes, M., “Application of Options and Corporate Liabilities”, Journal of Political Economy, 81, 637, 1973.

    [4] Weinstein, B., “The Use of Scenario Thinking”, in Developing Strategic Thought, ed. B Garratt, Maidenhead: McGraw Hill, New York, 1995.

    [5] Miller, K. D., Waller G.H., “Scenarios, Real Options and Integrated Risk Management”, Long Range Planning, 36, 93-107, 2003.

    [6] Collan, M., Fuller, R., Mezei, J. “A fuzzy Pay-off method for Real Options valuation”. Journal of Applied Mathematics and Decision Sciences, 165-169, 2009.

    [7] Villiger, R., Bogdan, B., “Getting real about valuations in biotech.” Nature Biotechnology, 23, 423-428, 2005.

    [8] Copeland, T.E., Antikarov, V., “Real Options: Meeting the Georgetown Challenge”, Journal of Applied Corporate Finance, 17(2), 32-51, 2005.

    [9] Boyle, P.P., "Options: A Monte Carlo Approach", Journal of Financial Economics, 4 (3), 323-338, 2007.

    [10] Fang, K.T., Hickernell F.J. and Niederreiter H., Monte Carlo and Quasi-Monte Carlo Methods 2000, Springer-Verlag Berlin Heidelberg, 2002.

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