Matches in SemOpenAlex for { <https://semopenalex.org/work/W2898832120> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W2898832120 endingPage "01010" @default.
- W2898832120 startingPage "01010" @default.
- W2898832120 abstract "The option pricing theory has wide applicability in corporate finance, but it is also increasingly used to analyze the effectiveness of non-financial (material) investments. In traditional investment analysis, a project or a new investment should be accepted only if the returns on the project exceed the hurdle rate; in the context of cash flows and discount rates, this translates into projects with positive net present values (NPV). There is no doubt that it does not take full account of the numerous options that usually relate to developer investment. However, in many cases, the valuation of real options is more difficult than the valuation of options for financial assets. In this paper, we will analyze one of the options, which isembedded in capital budgeting projects - the option to delay a project, especially when a the company has exclusive rights to the project. The value of the option is largely derived from the variance in cash flows – the higher the variance, the higher the value of the project delay option. The variance in the present value of cash flows from the project can be estimated in different ways, however, in the case of non-financial investment projects, these methods are very limited. We are analyzing the possibility of estimating this volatility, taking into account the fact that the forecasted cash flows may show varying volatility in individual years. The paper shows, that by using a probability-based valuation model (using the Crystal Ball techniques) it is possible to incorporate uncertainty into the analysis. The method of presented volatility estimation can be applied by taking into account the randomness of many input data to the project." @default.
- W2898832120 created "2018-11-09" @default.
- W2898832120 creator A5009280193 @default.
- W2898832120 creator A5065112043 @default.
- W2898832120 date "2018-01-01" @default.
- W2898832120 modified "2023-09-26" @default.
- W2898832120 title "Estimation of certain parameters of Black-Scholes model in analysing effectiveness of development investments" @default.
- W2898832120 cites W2158085284 @default.
- W2898832120 doi "https://doi.org/10.1051/matecconf/201822201010" @default.
- W2898832120 hasPublicationYear "2018" @default.
- W2898832120 type Work @default.
- W2898832120 sameAs 2898832120 @default.
- W2898832120 citedByCount "1" @default.
- W2898832120 countsByYear W28988321202020 @default.
- W2898832120 crossrefType "journal-article" @default.
- W2898832120 hasAuthorship W2898832120A5009280193 @default.
- W2898832120 hasAuthorship W2898832120A5065112043 @default.
- W2898832120 hasBestOaLocation W28988321201 @default.
- W2898832120 hasConcept C10138342 @default.
- W2898832120 hasConcept C106159729 @default.
- W2898832120 hasConcept C120527767 @default.
- W2898832120 hasConcept C128044525 @default.
- W2898832120 hasConcept C134221152 @default.
- W2898832120 hasConcept C149782125 @default.
- W2898832120 hasConcept C162118730 @default.
- W2898832120 hasConcept C162324750 @default.
- W2898832120 hasConcept C163128081 @default.
- W2898832120 hasConcept C163428354 @default.
- W2898832120 hasConcept C175444787 @default.
- W2898832120 hasConcept C181230689 @default.
- W2898832120 hasConcept C186027771 @default.
- W2898832120 hasConcept C194483076 @default.
- W2898832120 hasConcept C2778348673 @default.
- W2898832120 hasConcept C2780973918 @default.
- W2898832120 hasConcept C2781014177 @default.
- W2898832120 hasConcept C29122968 @default.
- W2898832120 hasConcept C47096860 @default.
- W2898832120 hasConcept C57918260 @default.
- W2898832120 hasConcept C6927289 @default.
- W2898832120 hasConcept C91602232 @default.
- W2898832120 hasConcept C98965940 @default.
- W2898832120 hasConceptScore W2898832120C10138342 @default.
- W2898832120 hasConceptScore W2898832120C106159729 @default.
- W2898832120 hasConceptScore W2898832120C120527767 @default.
- W2898832120 hasConceptScore W2898832120C128044525 @default.
- W2898832120 hasConceptScore W2898832120C134221152 @default.
- W2898832120 hasConceptScore W2898832120C149782125 @default.
- W2898832120 hasConceptScore W2898832120C162118730 @default.
- W2898832120 hasConceptScore W2898832120C162324750 @default.
- W2898832120 hasConceptScore W2898832120C163128081 @default.
- W2898832120 hasConceptScore W2898832120C163428354 @default.
- W2898832120 hasConceptScore W2898832120C175444787 @default.
- W2898832120 hasConceptScore W2898832120C181230689 @default.
- W2898832120 hasConceptScore W2898832120C186027771 @default.
- W2898832120 hasConceptScore W2898832120C194483076 @default.
- W2898832120 hasConceptScore W2898832120C2778348673 @default.
- W2898832120 hasConceptScore W2898832120C2780973918 @default.
- W2898832120 hasConceptScore W2898832120C2781014177 @default.
- W2898832120 hasConceptScore W2898832120C29122968 @default.
- W2898832120 hasConceptScore W2898832120C47096860 @default.
- W2898832120 hasConceptScore W2898832120C57918260 @default.
- W2898832120 hasConceptScore W2898832120C6927289 @default.
- W2898832120 hasConceptScore W2898832120C91602232 @default.
- W2898832120 hasConceptScore W2898832120C98965940 @default.
- W2898832120 hasLocation W28988321201 @default.
- W2898832120 hasLocation W28988321202 @default.
- W2898832120 hasOpenAccess W2898832120 @default.
- W2898832120 hasPrimaryLocation W28988321201 @default.
- W2898832120 hasRelatedWork W1571959897 @default.
- W2898832120 hasRelatedWork W1573203360 @default.
- W2898832120 hasRelatedWork W2155742944 @default.
- W2898832120 hasRelatedWork W2977072270 @default.
- W2898832120 hasRelatedWork W4226331902 @default.
- W2898832120 hasRelatedWork W4239768692 @default.
- W2898832120 hasRelatedWork W4289356346 @default.
- W2898832120 hasRelatedWork W77056076 @default.
- W2898832120 hasRelatedWork W781291907 @default.
- W2898832120 hasRelatedWork W3195545938 @default.
- W2898832120 hasVolume "222" @default.
- W2898832120 isParatext "false" @default.
- W2898832120 isRetracted "false" @default.
- W2898832120 magId "2898832120" @default.
- W2898832120 workType "article" @default.