A Neural Network Approach to Value R&D Compound American Exchange Option
In this paper we show as the neural network methodology, coupled with the Least Squares Monte Carlo approach, can be very helpful in valuing R&D investment opportunities. As it is well known, R&D projects are made in a phased manner, with the commencement of subsequent phase being dependent...
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| Format: | Article |
| Language: | English |
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Springer
2022
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| Online Access: | View Fulltext in Publisher |