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


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Abstract

Approaches to the estimation of efficiency of the investment projects including consecutive improving innovations are considered, the choice of methodology of real options for the estimation of such projects is proved and its application is shown by the example of an abandon option for the project.

About the authors

M A Budylin

Siberian State Aerospace University named after academician M. F. Reshetnev, Russia, Krasnoyarsk

Siberian State Aerospace University named after academician M. F. Reshetnev, Russia, Krasnoyarsk

References

  1. Фатхутдинов, Р. А. Инновационный менеджмент / P. А. Фатхутдинов // СПб: Питер, 2007.447 с.
  2. Лимитовский, М. А. Инвестиционные проекты и реальные опционы на развивающихся рынках / М. А. Лимитовский//М.: Юрай, 2008.464 c.
  3. Copeland, T. E. Making real options real / T. E. Copeland, P. T. Keenan//TheMcKinsey Quarterly. 1998.№2.P 129-141.
  4. Trigeorgis, L. Real Options: Managerial flexibility and strategy in resource allocation / L. Trigeorgis. Cambrige, MA: MIT Press, 1996.427 c.

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Copyright (c) 2009 Budylin M.A.

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