Real Option Approach to R & D Project Valuation
The thesis illustrates that traditional NPV and decision tree are not appropriate to value the R&D project, due to the high uncertainty and multi-phase characters. The thesis reviews the applicability of real option methods in this field and explains the real options pricing theory. Additional...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2006
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| Online Access: | https://eprints.nottingham.ac.uk/20648/ |