Controlling Risks In Ict Investments With Real Options Thinking
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Controlling Risks In Ict Investments With Real Options Thinking
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Author : Georgios Angelou
language : en
Publisher:
Release Date : 2010
Controlling Risks In Ict Investments With Real Options Thinking written by Georgios Angelou and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Organizations are making large investments in information communication technology (ICT). However, many are risky and are often considered runaway, because they do not meet original expectations of cost, time, or benefits. Effective management of risks in ICT projects is therefore extremely important. In this paper we propose real options (ROs) thinking for controlling risks in ICT projects. We present a framework for understanding and hedging risks in ICT projects based on the finance literature on ROs. However, existing RO models are based on quantitative analysis and the required input parameters sometimes may be difficult to be estimated for evaluating real life investment opportunities. Instead we adopt a qualitative options thinking for finding the optimum deployment strategy for an ICT project. The proposed framework is applied to a real life ICT case study showing how it can be formulated and solved.
Best Practices And Conceptual Innovations In Information Resources Management Utilizing Technologies To Enable Global Progressions
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Author : Khosrow-Pour, D.B.A., Mehdi
language : en
Publisher: IGI Global
Release Date : 2008-12-31
Best Practices And Conceptual Innovations In Information Resources Management Utilizing Technologies To Enable Global Progressions written by Khosrow-Pour, D.B.A., Mehdi and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-31 with Business & Economics categories.
"This book offers insight into emerging developments in information resources management and how these technologies are shaping the way the world does business, creates policies, and advances organizational practices"--Provided by publisher.
Valuing Technology Investments
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Author : Paul Steffens
language : en
Publisher:
Release Date : 2013
Valuing Technology Investments written by Paul Steffens and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
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 and/or to minimise the impact of threats - is precisely what is needed when faced with the uncertain future of technology investments. Notwithstanding this we argue that traditional decision tree analysis methods are preferred to ROV techniques when valuing technology investments that contain 'real options'. Our reasoning is twofold. First, ROV techniques provide a sophisticated treatment of market risks, but do not deal with firm-specific risks. However, the elevated risk facing technology ventures is predominantly firm-specific risk, and these ventures face only about average levels of market risk. Second, ROV has a severe practical limitation in the context of new technology ventures. Normally, the favoured approach when using ROV to value investments is to use the 'market asset disclaimer' assumption. The starting point is to value the venture/project in the absence of the 'real options' using traditional discounted cash flow techniques (to establish the value of the underlying asset). ROV analysis then adjusts this valuation to take account of the real options. But the first step makes no sense for technology ventures because these 'real options' are an integral part of the venture.
Risk Management In Investment Decisions
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Author : Asen Kolaksazov
language : en
Publisher: Anchor Academic Publishing (aap_verlag)
Release Date : 2015-05-19
Risk Management In Investment Decisions written by Asen Kolaksazov and has been published by Anchor Academic Publishing (aap_verlag) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-19 with Business & Economics categories.
In der US-amerikanischen Literatur zur Investitionsrechnung und deren Anwendungen, z.B. in der Unternehmensbewertung, findet sich bereits seit längerem der Vorwurf, dass die Kapitalwertmethode nicht in der Lage sei, den ökonomischen Wert von Investitionsmöglichkeiten richtig zu erfassen. Insbesondere vernachlässigt sie den Wert unternehmerischer Flexibilität. Um diesen zu berücksichtigen, wird vorge-schlagen, die Bewertung unternehmerscher Handlungsspielräume analog zur Bewertung von Finanzoptionen vorzunehmen. Dabei werden unternehmerische Handlungsspielräume als Optionen auf reale Vermögensgegenstände betrachtet. Zur Unterscheidung gegenüber Finanzoptionen hat sich die Bezeichnung Realoptionen etabliert. Während in den USA bereits eine breit gefächerte Literatur zu diesen The-menkomplex entstanden ist, sind im deutschsprachigen Raum hierzu bisher nur wenige Stellungnahmen zu finden. Um jedoch den Wert von Investitionen für die Zukunft zu bestimmen, reichen die traditionellen Methoden der Unternehmens- und Investitionsbewertung nicht aus, denn sie berücksichtigen nicht die entstehenden Möglichkeiten und Flexibilitäten. So werden riskante oder außergewöhnliche Investitionsmöglichkeiten von den traditionellen Investitionsrechnungsverfahren als nicht lukrativ eingestuft, obwohl sie ein enormes Marktpotential besitzen. Solche Investitionsmöglichkeiten können mit dem Ansatz der Realoptionen genauer und unter strategischen Aspekten auch besser beurteilt werden. Es wurde seitens der Investoren der Wert einer solchen zukunfts- und risikobezogenen Bewertung erkannt. Aus diesem Grund wird der Ansatz der Realoptionen immer häufiger zur Bewertung eingesetzt. In Rahmen dieser Arbeit wird die Motivation, die hinter dem Realoptionsansatzes steht, hervorgehoben.
Approaches And Processes For Managing The Economics Of Information Systems
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Author : Tsiakis, Theodosios
language : en
Publisher: IGI Global
Release Date : 2014-01-31
Approaches And Processes For Managing The Economics Of Information Systems written by Tsiakis, Theodosios and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-31 with Computers categories.
"This book explores the value of information and its management by highlighting theoretical and empirical approaches in the economics of information systems, providing insight into how information systems can generate economic value for businesses and consumers"--Provided by publisher.
Handbook Of Research On Telecommunications Planning And Management For Business
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Author : Lee, In
language : en
Publisher: IGI Global
Release Date : 2009-03-31
Handbook Of Research On Telecommunications Planning And Management For Business written by Lee, In and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-03-31 with Technology & Engineering categories.
"This book provides original, in-depth, and innovative articles on telecommunications policy, management, and business applications"--Provided by publisher.
Banking Finance And Accounting Concepts Methodologies Tools And Applications
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Author : Management Association, Information Resources
language : en
Publisher: IGI Global
Release Date : 2014-07-31
Banking Finance And Accounting Concepts Methodologies Tools And Applications written by Management Association, Information Resources and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-31 with Business & Economics categories.
With the global economy still in recovery, it is more important than ever for individuals and organizations to be aware of their money and its potential for both depreciation and growth. Banking, Finance, and Accounting: Concepts, Methodologies, Tools, and Applications investigates recent advances and undertakings in the financial industry to better equip all members of the world economy with the tools and insights needed to weather any shift in the economic climate. With chapters on topics ranging from investment portfolios to credit unions, this multi-volume reference source will serve as a crucial resource for managers, investors, brokers, and all others within the banking industry.
The Real Options Approach
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Author : Thomas Dolinschek
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2012
The Real Options Approach written by Thomas Dolinschek and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
The environment of companies is nowadays characterized by an increased level of uncertainty which affects the investment decision politics of company's management remarkably. Especially investments in information and communication technology (ICT) bear an inherent high uncertainty character. Companies are spending remarkable amounts in acquisition and developing ICT systems due to there is growing realization that ICT investments may feature significant competitive advantage. In this regard, effective management of ICT investment projects has become a relevant task for many companies. Research identified various options on ICT investments, but the costs and benefits of them seem hard to quantify. As a method to incorporate the value of flexibility and options in decision making to create a better basic concept for investment decisions under uncertainty, the Real Options Approach (ROA) finds one's way into the valuation techniques by adding a dynamic perspective to traditional valuation. With instant thesis the relevance of the ROA for investment decisions under uncertainty in multi-stage ICT investment projects shall be accentuated.
The Fap Model And Its Application In The Appraisal Of Ict Projects
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Author : F. Lefley
language : en
Publisher: Springer
Release Date : 2015-06-15
The Fap Model And Its Application In The Appraisal Of Ict Projects written by F. Lefley and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-15 with Business & Economics categories.
Based on the 2005 publication The Financial Appraisal Profile Model , this book discusses how the FAP model can present an integrated process for the appraisal of financial and strategic benefits and the assessment of risk in ICT (Information Communication Technology) project proposals.
Managing Risks Of Ict Projects
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Author : Shaun Pather
language : en
Publisher: Academic Conferences Limited
Release Date : 2011
Managing Risks Of Ict Projects written by Shaun Pather and has been published by Academic Conferences Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Communication categories.