Autor:	Makhankov, V. G., Aguero-Granados, M. A.
Rok vydání:	2010
Předmět:	jel:C60 jel:C01 real options Black-Scholes Approach Wiener processes stochastic processes Quantifying Flexibility volatility jel:C02 jel:G00
Popis:	We expose a real options theory as a tool for quantifying the value of the operating flexibility of real assets. Additionally, we have pointed out that this theory is an appropriated methodology for determining optimal operating policies, and provide an example of successful application of our approach to power industries, specifically to valuate the power plant of electricity. In particular by increasing the volatility of prices will eventually lead to higher assets values.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::aa7322bbd9731eefa8275ec0c6b3072d https://mpra.ub.uni-muenchen.de/29795/2/MPRA_paper_29795.pdf Zobrazit plný text záznamu