Assessing the Option to Abandon an Investment Project by the Binomial Options Pricing Model
Usually, traditional methods for investment project appraisal such as the net present value (hereinafter NPV) do not incorporate in their values the operational flexibility offered by including a real option included in the project. In this paper, real options, and more specifically the option to ab...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Asia University
2016-01-01
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| Series: | Advances in Decision Sciences |
| Online Access: | http://dx.doi.org/10.1155/2016/7605909 |