Title: Framework of Real Option Evaluation on Science and Technology Project Investment
Abstract: This paper introduces real option analysis into the evaluation of science and technology project investment, and constructs a general framework, which covers the project-analyzing layer, real-option-calculating layer and result-controlling layer. The framework emphasizes particularly the relationship between uncertainty and real options, and interactions between different options. Finally, it presents an illustration about the real option evaluation of science and technology project investment with the framework.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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