Zapata, Juan C.; Reklaitis, Gintaras V. - In: European Journal of Operational Research 206 (2010) 3, pp. 653-666
Real options analysis (ROA) has been developed to value assets in which managerial flexibilities create significant value. The methodology is ideal for the valuation of projects in which frequent adjustments (e.g. investment deferral, project scope changes, etc) are necessary in response to the...