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Development of a Bayesian Real Options Framework

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ISBN-10: 3639282922

ISBN-13: 9783639282924

Edition: N/A

Authors: Luke Miller

List price: $87.00
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Description:

This research investigates how the real options framework and Bayesian decision theory may be utilized to improve the capital budgeting decision process. In particular, it investigates the theoretical and modeling advantage of merging option pricing theory with the Bayesian revision process to value investment decisions defined by partial or full irreversibility of capital outlays, uncertainty, and the opportunity to gather information. Benchmarking from existing real options and Bayesian approaches, new modeling methodologies are developed that value delay investment scenarios in the context of information acquisition and inclusion in the decision process. In this context, real option…    
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Book details

List price: $87.00
Publisher: VDM Verlag Dr. Mueller e.K.
Binding: Paperback
Pages: 192
Size: 6.00" wide x 9.00" long x 0.44" tall
Weight: 0.638
Language: English