A Real Options Approach, Pricing a Pharmaceutical R&D project using the Least Squares Monte Carlo Algorithm
This thesis implements the Least Squares Monte Carlo Approach to value a pharmaceutical R&D project. The main objective of this thesis is to identify the usefulness of the Least Squares Monte Carlo (LSM) Approach for the R&D investment valuation. Schwartz (2001) proposes a LSM algorithm in...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2007
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| Online Access: | https://eprints.nottingham.ac.uk/21321/ |