Development of a Bayesian Real Options Framework

Name: Development of a Bayesian Real Options Framework
Brand: VDM Verlag
SKU: 9783639282924
Price: 1583 CZK
Availability: InStock

And Its Application to Capital Budgeting Problems

Autor: Luke Miller

Jazyk:

Vazba: Brožovaná

Vydavatel: VDM Verlag

Dostupnost: Skladem u dodavatele

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1 583 Kč

This research investigates how the real options framework and Bayesian decision theory may be utiliz...

Informace o knize

Autor

Luke Miller

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2010

Stránek

192

EAN

9783639282924

ISBN

3639282922

Enbook ID

06835464

Vydavatel

VDM Verlag

Hmotnost

290

Rozměry

152 x 229 x 11

Kompletní popis

This research investigates how the real options framework and Bayesian decision theory may be utilized to improve the capital budgeting decision process. In particular, it investigates the theoretical and modeling advantage of merging option pricing theory with the Bayesian revision process to value investment decisions defined by partial or full irreversibility of capital outlays, uncertainty, and the opportunity to gather information. Benchmarking from existing real options and Bayesian approaches, new modeling methodologies are developed that value delay investment scenarios in the context of information acquisition and inclusion in the decision process. In this context, real option attributes are discussed from a statistical decision theoretic perspective, thresholds are identified for improved decision-making, information's impact on downstream decision-making is formally defined, and project activation policies are developed. Using real data provided by firms in the aerospace maintenance, repair, and overhaul industry, this Bayesian Learning Real Options (BLRO) methodology is demonstrated within contingent investment and license valuation scenarios.

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Development of a Bayesian Real Options Framework

And Its Application to Capital Budgeting Problems

Informace o knize

Kompletní popis

Mohlo by vás zajímat

Zákaznicí kteří koupili tuto knihu koupili také