Cruz Rambaud, Salvador; Sánchez Pérez, Ana María - In: Operations Research Perspectives 4 (2017), pp. 12-20
operational flexibility of the project. In this paper, real options, and more specifically the option to expand, are assumed to be … the real option to expand. Taking into account the analogy between real and financial options, the value of including an … option to expand is explored by using the binomial options pricing model. In this way, estimating the value of the option to …
