Investing in perennial pastures - A real options approach
In investment analysis, uncertainty and irreversibility can undermine net present value(NPV) as a decision rule since the option to delay investment may have value. We applythe real option theory of investment to the pasture investment decision facing livestockproducers in southwestWestern Australia...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Published: |
Wiley
2009
|
| Online Access: | http://hdl.handle.net/20.500.11937/31494 |