The Impact of Correlation between Price and Cost Uncertainty on Delay in R&D : Real Options Analysis
碩士 === 真理大學 === 經濟學系財經碩士班 === 98 === This article studies the optimal timing of investment in an irreversible R&D project where the product price (P) and the production cost (C) both follow Geometric Brownian Motion, in addition to R&D uncertainty. With a fixed investment cost K necessary to...
| Main Authors: | , |
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/70697420133796193428 |