Real Options Valuation The Importance of Stochastic Process Choice in Commodity Price Modelling /

• Κύριος συγγραφέας: Schöne, Max (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2015.
• Σειρά: BestMasters
• Θέματα: Finance.; Management.; Operations research.; Decision making.; Finance, general.; Operation Research/Decision Theory.

The Author shows that modelling the uncertain cash flow dynamics of an investment project deserves careful attention in real options valuation. Focusing on the case of commodity price uncertainty, a broad empirical study reveals that, contrary to common assumptions, prices are often non-stationary a...