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 …

uncertainty explicitly taking into account irreversibility of the investment decision and flexibility with respect to the …

At the heart of any decision problem is some degree of "flexibility" in how to act. Most often, we aim to extract … greatest possible value from this inherent flexibility. The three essays compiled here are aligned with this same general aim …, but we have an important secondary concern: to highlight the value of flexibility itself in the various situations we …

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 …

that are relevant for the enterprise. In this paper we propose a novel approach that addresses such flexibility …

estimated cost of carbon reduction. As described in more detail later, we encourage some flexibility in the Working Group …

to be broad enough to provide any industry using control systems the flexibility needed to develop sound cyber security …

cost threshold that triggers DG investment. Furthermore, the consideration of operational flexibility by the microgrid …

greater compliance flexibility than EPA technology standards, State Implementation Plan (SEP) performance standards, or EPA … differences. The use of transferable emission allowances offers utilities greater flexibility in the choice of how to control … (PSD) requirements are met]. The added flexibility allows utilities to choose the least cost manner of compliance with …

importance of policy flexibility, binding targets, effective cost caps, and tradable permits. Understanding and building on the …