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Die Arbeit hat das Ziel, die ursprünglich rein kapitalmarkttheoretisch ausgelegte Optionspreistheorie für das … den Leitlinien der Optionspreistheorie folgen.Mit einer auf die 16 führenden Pharmaunternehmen bezogenen empirischen …
Persistent link: https://www.econbiz.de/10009467496
Deterministische Discounted Cash Flow Modelle (DCF-Modelle) greifen im Rahmen der Unternehmensbewertung lediglich auf einwertige Größen zurück. Bei stochastischen Modellen werden einzelne Plangrößen hingegen mehrwertig dargestellt, indem aus Wahrscheinlichkeitsverteilungen verschiedene...
Persistent link: https://www.econbiz.de/10009451171
Real options valuation (ROV) has recently been proposed as a promising solution to the deficiencies of traditional valuation methods when facing risky technology investments or ventures. Indeed ?real option thinking? - the managerial flexibility to capitalise on opportunities when they arise...
Persistent link: https://www.econbiz.de/10009483548
Bedeutungzu. In diesem Beitrag wird untersucht, inwiefern das klassische Kapitalwertkriteriumund der Realoptionsansatz einen … Investitionstheorieund gemäß dem Realoptionsansatz bestimmt wurden. Bei der Bestimmung der normativenBenchmarks wird die individuelle … Risikoeinstellung der Teilnehmer berücksichtigt. DieErgebnisse zeigen, dass der Realoptionsansatz besser als das Kapitalwertkriterium …
Persistent link: https://www.econbiz.de/10009442716
This dissertation research focuses on modeling and evaluating multivariate uncertainties and the dependency between the uncertainties. Managing risk and making strategic decisions under uncertainty is critically important for both individual and corporate success. In this dissertation research,...
Persistent link: https://www.econbiz.de/10009429291
Nuclear power plants across the United States are reaching the end of their current operating licenses, forcing decision makers to think about the way forward. As they consider the best alternatives for dealing with aging nuclear plants, it is becoming increasingly important to have an accurate...
Persistent link: https://www.econbiz.de/10009429326
This dissertation is a series of three essays exploring the determinants and effects of enrollment in the United States Department of Agriculture's (USDA) Conservation Reserve Program (CRP). The CRP is the United States' largest federal conservation program, currently enrolling over 34 million...
Persistent link: https://www.econbiz.de/10009431177
The evolving organization and operation of real estate capital markets. Sources of real estate capital. Primary and secondary mortgage markets. The investment behavior of real estate assets. The development of REITs and securitized debt markets. Advanced pricing techniques for complex real...
Persistent link: https://www.econbiz.de/10009432644
The profitability of power plant investments depends strongly on uncertain fuel and carbon prices. In this doctoral thesis, we combine fundamental electricity market models with stochastic dynamic programming to evaluate power plant investments under uncertainty. The application of...
Persistent link: https://www.econbiz.de/10009434605
One critical factor in open pit mining projects is the estimation of the recoverable reserves. The reason for this is that at the valuation stage there is a lack of information about future metal prices and production costs. Consequently, the estimation of the recoverable reserves needs to be...
Persistent link: https://www.econbiz.de/10009437735