Multi-stage real options: The cases of information technology infrastructure and international bank expansion
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R&D investment decision on smart cities: Energy sustainability and opportunity
2021, Chaos, Solitons and FractalsAirport infrastructure investments and valuing expansion decisions using the compound real option approach
2021, Journal of Air Transport ManagementCitation Excerpt :Perlitz et al. (1999) analyzed a multi-stage research and development project using real options. Furthermore, Sylvia and Lenos (1998) valued the multi-stage international market expansion decision of a bank using the real option and DCF methods. Zhao et al. (2004), by contrast, analyzed a highway expansion and development decision with real options.
Applying real options to IT investment evaluation: The case of radio frequency identification (RFID) technology in the supply chain
2014, International Journal of Production EconomicsCitation Excerpt :Due to the inability of the traditional discounted flow methods to evaluate the flexibility and the respective impact of such technologies on supply chain operations, Real Options (RO) analysis has been introduced as a new method in the field of information technology (IT) investment evaluation. Although the pertinent literature (Panayi and Trigeorgis, 1998; Dos Santos, 1991; Taudes et al., 2000; Benaroch et al., 2007) has acknowledged the importance of Real Options for the evaluation of IT investments and has applied Real Options analysis to real business cases, very few studies have been conducted in the case of RFID technology. These few studies assess RFID technology through Real Options modelling but they lack data derived from real case organizations: all their numerical examples that demonstrate the applicability of the RO methodology are hypothetical.
Compound deferrable options for the valuation of multi-stage infrastructure investment projects
2023, Construction Management and Economics