Blar i Department of Business and Management Science på emneord "real options"

Viser treff 1-8 av 8

    • Country risk, country risk indices, and valuation of FDI : a real options approach 

      Nordal, Kjell Bjørn (Discussion paper, Working paper, 2001-03)
      Country risk and in particular political risk may constitute a large part of the total risk investors face when investing in emerging markets. It is not a straightforward task to quantify and include these types of risks ...

    • Foreign direct investment and local cooperation : a contingent claims approach 

      Nordal, Kjell Bjørn (Discussion paper, Working paper, 2000-12)
      We address key issues that a foreign investor needs to evaluate when deciding whether to enter into a joint venture with a local partner. We explicitly show how the values depend on the valuation methodology, i.e., the ...

    • Mixed contracts for the newsvendor problem with real options 

      Jörnsten, Kurt; Nonås, Sigrid Lise; Sandal, Leif Kristoffer; Ubøe, Jan (Discussion paper, Working paper, 2011-04)

    • Sequential Investment in Emerging Technologies under Policy Uncertainty 

      Sendstad, Lars Hegnes; Chronopoulos, Michail (Discussion paper;10/16, Working paper, 2016-06-14)
      Investment in emerging technologies is particularly challenging, since, apart from uncertainty in revenue streams, firms must also take into account both policy uncertainty and the random arrival of innovations. We assume ...

    • Stepwise Investment and Capacity Sizing under Uncertainty 

      Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik (Discussion paper;10/15, Working paper, 2015-02-13)
      The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple ...

    • Strategic Technology Switching under Risk Aversion and Uncertainty 

      Sendstad, Lars Hegnes; Chronopoulos, Michail (Discussion paper;10/17, Working paper, 2017-09-12)
      Sequential investment opportunities or the presence of a rival typically hasten investment under risk neutrality. By contrast, greater price uncertainty or risk aversion increase the incentive to postpone investment in the ...

    • Transfer of risk in the newsvendor model with discrete demand 

      Jörnsten, Kurt; Nonås, Sigrid Lise; Sandal, Leif Kristoffer; Ubøe, Jan (Journal article; Peer reviewed, 2012)
      In this paper we consider the transfer of risk in a newsvendor model with discrete demand. We view the newsvendor model as a leader/follower problem where the manufacturer (leader) decides the wholesale price and the ...

    • When is it better to wait for a new version? : optimal replacement of an emerging technology under uncertainty 

      Chronopoulos, Michail; Siddiqui, Afzal (Discussion papers;26/14, Working paper, 2014-06)
      We determine the optimal timing for replacement of an emerging technology facing uncertainty in both the output price and the arrival of new versions. Via a sequential investment framework, we determine the value of the ...