How real option disinvestment flexibility augments project NPV

DOI10.1016/J.EJOR.2004.02.028MaRDI QIDQ2566059zbMATH OpenOpenAlexFDO

Authors Aneel Keswani, Mark B. Shackleton

Publication date 22 September 2005

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2004.02.028

Mathematics Subject Classification ID

Recommendations

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Cites work

• Evaluating leases with complex operating options
• Optimal exit and valuation under demand uncertainty: a real options approach
• The pricing of options and corporate liabilities

Cited in

(17)

• Investment and the dynamic cost of income uncertainty: the case of diminishing expectations in agriculture
• Real options in operations research: a review
• Flexibility and project value: interactions and multiple real options
• Volatility estimation for stochastic project value models
• Flexibility to switch project size: a real option application for photovoltaic investment valuation
• Structural estimation of switching costs for peaking power plants
• Early exercise boundaries for American-style knock-out options
• Assessing the option to abandon an investment project by the binomial options pricing model
• An optimal market entry/exit evaluation model with partial financing funds
• Two-period duopolistic market entering strategy with penalty cost
• Hysteresis effects under CIR interest rates
• About the influence of optionality on a choice of investment decisions
• Valuing managerial flexibility: an application of real-option theory to mining investments
• Robust net present value
• Finite maturity caps and floors on continuous flows under the constant elasticity of variance process
• Lexicographic solution of two-objective project planning problem under constrained reliability index
• Sharing risk through concession contracts

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