Real Options Theory and analysis on pharmaceutical R&D project valuation
The most widely used appraisal approach is discounted cash flow, such as NPV analysis. However, the traditional appraisal approaches fails to capture management flexibility during the project evaluation process. A new appraisal approach solves this problem and provides value for inherent managerial...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2007
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| Online Access: | https://eprints.nottingham.ac.uk/21248/ |