Real rainbow options in commodity applications : valuing multi-factor output options under uncertainty
This thesis focuses on the valuation of real options when there is flexibility given by the choice between two risky outputs. We develop models to value these rainbow options and to determine optimal operating and investment policies. These models are studied in the context of commodity applications...
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University of Manchester
2011
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.538472 |