Power, Gabriel J; M, Charli D Tandja; Bastien, Josee; … - In: Journal of Risk Finance 16 (2015), pp. 49-72
Purpose – The purpose of this paper is to propose a risk-based framework to estimate the option value of infrastructure investment, accounting for the stochastic behavior of both financial and physical (engineering) variables. Design/methodology/approach -This study uses a real-options...