Real option games with stochastic volatility
This thesis presents several real option models to address investment-timing deci- sion problems in various scenarios. The traditional NPV method only considers the difference between the future cash flow and the cost of a project, but ignores the future risk of the project. The concept of an Americ...
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| Format: | Others |
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Auckland University of Technology,
2014-11-12T02:24:45Z.
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| Online Access: | Get fulltext |