General Trigger Values of Optimal Investment

We consider a general real option model which allows finite values for all parameters influencing the value of waiting in case of uncertain and irreversible investment. We show that the traditional net present value rule and the commonly known Dixit-Pindyck approach are nested in the same general real option model and hence produce optimal investment decisions only in their specific scenario

MoreLess

Year of publication:	[1998]
Authors:	Vandenbroucke, Jürgen
Publisher:	[1998]: [S.l.] : SSRN

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1997 erstellt
Other identifiers:	10.2139/ssrn.47405 [DOI]
Classification:	D80 - Information and Uncertainty. General ; G13 - Contingent Pricing; Futures Pricing ; G31 - Capital Budgeting; Investment Policy ; L10 - Market Structure, Firm Strategy, and Market Performance. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012744368