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Moneymaking
Author: Rainer Brosch
ISBN: 3540782982
Subcategory: Finance
Pages 158 pages
Publisher Springer; 2008 edition (April 9, 2008)
Language English
Category: Moneymaking
Rating: 4.7
Votes: 110
ePUB size: 1821 kb
FB2 size: 1963 kb
DJVU size: 1666 kb
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eBook Portfolios of Real Options (Lecture Notes in Economics and Mathematical Systems) download

by Rainer Brosch


Valuing portfolios of options embedded in investment decisions is one of the most important and challenging problems in real options and corporate finance in general.

The series welcomesproposals for:1.

In this book, the author points out that arbitrage can only be excluded in case that market prices move at least slightly faster than any market participant can react

In this book, the author points out that arbitrage can only be excluded in case that market prices move at least slightly faster than any market participant can react. He clarifies that continuous tradability always eliminates the risk of the fractional price process, irrespective of the interpretation of the stochastic integral as an integral of Stratonovich or Itô type. Being left with an incomplete market setting, the author shows that option valuation with respect to fractional Brownian motion may be solved by applying a risk preference based approach.

Start by marking Portfolios of Real Options. Lecture Notes in Economics and Mathematical Systems, Volume 611. as Want to Read: Want to Read savin. ant to Read. by Rainer Brosch.

Using linear approximations and duality from mathematical programming, we characterize a family of supporting hyperplanes that define the efficient facets of a set of alternatives with respect to such preference cones. We show that a subset of these hyperplanes generate maximal efficient facets. Supported in part by the National Science Foundation grant MCS77-24654.

Portfolios of Real Options," Lecture Notes in Economics and Mathematical Systems, Springer, number 978-3-540-78299-5, October. Handle: RePEc:spr:lnecms:978-3-540-78299-5 DOI: 1. 5.

Электронная книга "Portfolios of Real Options", Rainer Brosch

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Portfolios of real options typically interact such that the value of the whole differs from the sum of the separate parts. Portfolios of Real Options Lecture Notes in Economics and Mathematical Systems (Том 611).

Valuing portfolios of options embedded in investment decisions is arguably one of the most important and challenging problems in real options and corporate ?nance in general

Valuing portfolios of options embedded in investment decisions is arguably one of the most important and challenging problems in real options and corporate ?nance in general. Although the problem is common and vitally important in the value creation process of almost any corporation, it has not yet been satisfactorily addressed.

Portfolios of Real Options Brosch Springer 9783540782988 : Valuing portfolios of options embedded in investment decisions is one of the most important . Portfolios of Real Options, Brosch. Варианты приобретения.

Portfolios of Real Options Brosch Springer 9783540782988 : Valuing portfolios of options embedded in investment decisions is one of the most important and challenging problems in real options.

Valuing portfolios of options embedded in investment decisions is arguably one of the most important and challenging problems in real options and corporate ?nance in general. Although the problem is common and vitally important in the value creation process of almost any corporation, it has not yet been satisfactorily addressed. It is key for any corporation facing strategic resource allocation decisions, be it a pharmaceutical ?rm valuing and managing its pipeline of drugs, a telecom company having to select a set of technological alternatives, a venture capital or private equity ?rm investing in a portfolio of ventures, or any company allocating resources. Portfolios of real options typically interact such that the value of the whole differs from the sum of the separate parts. Thus one must address and value the particular con?guration of options embedded in a speci?c situation, taking into account the con?guration of other options already present in the portfolio, which in turn depends on the correlation struc ture among the various underlying assets and the strategic dependencies among the options themselves (e. g. , mutual exclusivity, strategic additiv ity, compoundness, complementarity etc. ). In that sense, optimal decisions also depend on past option exercise decisions by management and organi zational capabilities put in place in the past.