The theory of real options in the estimation of consecutive innovative projects


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Abstract

The approaches to the efficiency estimation of the investment projects including sequential improving innovations are considered. The c methodology choice of real options for an estimation of such projects is proved, and its application on an example of the abandon option is shown.

About the authors

M A Budylin

Email: Mikhail.budylin@gmail.com

References

  1. Фатхутдинов, Р. А. Инновационный менеджмент / Р. А. Фатхутдинов. СПб. : Питер, 2007.
  2. Лимитовский, М. А. Инвестиционные проекты и реальные опционы на развивающихся рынках / М. А. Лимитовский. М. : Юрайт, 2008.
  3. Copeland, T . E. Making real options real / T . E. Copeland, P. T. Keenan // The McKinsey Quarterly. 1998. № 2. P . 129-141.
  4. Trigeorgis, L. Real Options, Managerial flexibility and strategy in resource allocation / L. Trigeorgis. The MIT Press, 2000.

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Copyright (c) 2009 Budylin M.A.

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