Evaluating Real Options As A Means For Investment Appraisal Under Uncertainty And Its Degree Of Utilisation By Companies
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Evaluating Real Options As A Means For Investment Appraisal Under Uncertainty And Its Degree Of Utilisation By Companies
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Author : Andreas Würfel
language : en
Publisher: diplom.de
Release Date : 2003-10-13
Evaluating Real Options As A Means For Investment Appraisal Under Uncertainty And Its Degree Of Utilisation By Companies written by Andreas Würfel and has been published by diplom.de this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-10-13 with Business & Economics categories.
Inhaltsangabe:Abstract: This paper evaluates the real options approach (ROA) as a means for appraising capital investments under uncertainty. Globalisation and growing competitiveness have led to an increase in uncertainty with regard to companies decision making. Flexibility to react to this uncertainty has become more important. The question arises whether there is a need for a further investment appraisal technique or whether traditional techniques can cope with that. A growing literature about real options shows that traditional investment appraisal techniques do not value flexibility. That is why ROA has become more important within recent years. However, the degree of its utilisation by companies seems to be rather low. Three possible reasons for that are examined: ROA is not well-known by companies, especially small- and medium-sized enterprises. ROA is only limitedly applicable. ROA is too difficult to use. After traditional investment appraisal techniques have been outlined, the real options approach is illustrated by means of a case study. The possible range of application is assessed by reviewing the literature. A survey was conducted to check whether companies know about or apply that technique, and to identify the tools used by companies. This study shows that while the range of possible applications of real options is rather vast, ROA is rarely known by German and British companies and barely applied. One reason might be, that most books and articles are of rather academic nature. This seems to have been realised since books with a focus on practical application have been published recently. The complexity of ROA seems to be a further reason for its low degree of utilisation. Companies tend to use simpler but more comprehensible techniques although these methods have some major drawbacks. However, business science should not end in itself but serve businesses. Therefore, further emphasis has to be put on making real options approachable for practitioners. Inhaltsverzeichnis:Table of Contents: I.Abstract2 II.Acknowledgements3 III.Table of Contents4 IV.List of Figures7 V.List of Abbreviations8 1.Introduction9 2.Characteristics of Investment Decisions11 2.1What Is a Capital Investment?11 2.2Risk and Uncertainty12 3.Tools for Investment Appraisals15 3.1Static Methods15 3.2Discounted Cash Flow Approaches (Dynamic)17 3.3Approaches Which Try to Deal With Risk20 4.The Real Options Approach24 4.1Why Use Real Options to [...]
Operational Research
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Author : João Paulo Almeida
language : en
Publisher: Springer
Release Date : 2015-10-01
Operational Research written by João Paulo Almeida and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-01 with Mathematics categories.
This volume presents selected contributions by top researchers in the field of operations research, originating from the XVI Congress of APDIO. It provides interesting findings and applications of operations research methods and techniques in a wide variety of problems. The contributions address complex real-world problems, including inventory management with lateral transshipments, sectors and routes in solid-waste collection and production planning for perishable food products. It also discusses the latest techniques, making the volume a valuable tool for researchers, students and practitioners who wish to learn about current trends. Of particular interest are the applications of nonlinear and mixed-integer programming, data envelopment analysis, clustering techniques, hybrid heuristics, supply chain management and lot sizing, as well as job scheduling problems. This biennial conference, organized by APDIO, the Portuguese Association of Operational Research, held in Bragança, Portugal, in June 2013, presented a perfect opportunity to discuss the latest development in this field and to narrow the gap between academic researchers and practitioners.
Enabling Secure Subsurface Storage In Future Energy Systems
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Author : J.M. Miocic
language : en
Publisher: Geological Society of London
Release Date : 2023-08-31
Enabling Secure Subsurface Storage In Future Energy Systems written by J.M. Miocic and has been published by Geological Society of London this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-31 with Science categories.
The secure storage of energy and carbon dioxide in subsurface geological formations plays a crucial role in transitioning to a low-carbon energy system. The suitability and security of subsurface storage sites rely on the geological and hydraulic properties of the reservoir and confining units. Additionally, their ability to withstand varying thermal, mechanical, hydraulic, biological and chemical conditions during storage operations is essential. Each subsurface storage technology has distinct geological requirements and faces specific economic, logistical, public and scientific challenges. As a result, certain sites can be better suited than others for specific low-carbon energy applications. This Special Publication provides a summary of the state of the art in subsurface energy and carbon dioxide storage. It includes 20 case studies that offer insights into site selection, characterization of reservoir processes, the role of caprocks and fault seals, as well as monitoring and risk assessment needs for subsurface storage operations.
Proceedings Of The 10th World Congress On Engineering Asset Management Wceam 2015
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Author : Kari T. Koskinen
language : en
Publisher: Springer
Release Date : 2016-03-25
Proceedings Of The 10th World Congress On Engineering Asset Management Wceam 2015 written by Kari T. Koskinen and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-25 with Technology & Engineering categories.
This book comprises refereed papers from the 10th World Congress on Engineering Asset Management (WCEAM 2015), held in Tampere, Finland in September 2015. These proceedings include a compilation of state-of-the-art papers covering a comprehensive range of subjects equally relevant to business managers and engineering professionals alike. With a focus on various aspects of engineering asset management ranging from strategic level issues to detail-level machine health issues, these papers address both industry and public sector concerns and issues, as well as advanced academic research. Proceedings of the WCEAM 2015 is an excellent reference and resource for asset management practitioners, researchers and academics, as well as undergraduate and postgraduate students at tertiary institutions or in the industry.
16th European Conference On Innovation And Entrepreneurship Vol 2
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Author : Dr. Florinda Matos
language : en
Publisher: Academic Conferences Limited
Release Date : 2021-09-16
16th European Conference On Innovation And Entrepreneurship Vol 2 written by Dr. Florinda Matos 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 2021-09-16 with Business & Economics categories.
Megacities
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Author : Steef Buijs
language : en
Publisher: 010 Publishers
Release Date : 2010
Megacities written by Steef Buijs and has been published by 010 Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Architecture categories.
World cities are reaching previously inconceivable sizes and populations. For the last fifteen years, The Megacities Foundation has encouraged public debate on this development, uniting practitioners from the fields of architecture, economics, geography, sociology and urban planning. This book offers a compilation of the Foundation's best lectures, defining megacities and their processes and systems.
Index To Theses With Abstracts Accepted For Higher Degrees By The Universities Of Great Britain And Ireland And The Council For National Academic Awards
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Author :
language : en
Publisher:
Release Date : 2007
Index To Theses With Abstracts Accepted For Higher Degrees By The Universities Of Great Britain And Ireland And The Council For National Academic Awards written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Dissertations, Academic categories.
Enabling Manufacturing Competitiveness And Economic Sustainability
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Author : Michael F. Zaeh
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-09-12
Enabling Manufacturing Competitiveness And Economic Sustainability written by Michael F. Zaeh and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-12 with Technology & Engineering categories.
The changing manufacturing environment requires more responsive and adaptable manufacturing systems. The theme of the 5th International Conference on Changeable, Agile, Reconfigurable and Virtual production (CARV2013) is "Enabling Manufacturing Competitiveness and Economic Sustainability. Leading edge research and best implementation practices and experiences, which address these important issues and challenges, are presented. The proceedings include advances in manufacturing systems design, planning, evaluation, control and evolving paradigms such as mass customization, personalization, changeability, re-configurability and flexibility. New and important concepts such as the dynamic product families and platforms, co-evolution of products and systems, and methods for enhancing manufacturing systems' economic sustainability and prolonging their life to produce more than one product generation are treated. Enablers of change in manufacturing systems, production volume and capability, scalability and managing the volatility of markets, competition among global enterprises and the increasing complexity of products, manufacturing systems and management strategies are discussed. Industry challenges and future directions for research and development needed to help both practitioners and academicians are presented. About the Editor Prof. Dr.-Ing. Michael F. Zaeh, born in 1963, has been and is Professor for and Manufacturing Technology since 2002 and, together with Prof. Dr.-Ing. Gunther Reinhart, Head of the Institute for Machine Tools and Industrial Management (iwb) at the Technische Universitaet Muenchen (TUM). After studying general mechanical engineering, he was doctoral candidate under Prof. Dr.-Ing. Joachim Milberg at TUM from 1990 until 1993 and received his doctorate in 1993. From 1994 to 1995, he was department leader under Prof. Dr.-Ing. Gunther Reinhart. From 1996 to 2002, he worked for a machine tool manufacturer in several positions, most recently as a member of the extended management. Prof. Dr.-Ing. Michael F. Zaeh is an associated member of the CIRP and member of acatech, WGP and WLP. His current researches include among others Joining and Cutting Technologies like Laser Cutting and Welding as well as Friction Stir Welding, Structural Behaviour and Energy Efficiency of Machine Tools and Manufacturing Processes like Additive Manufacturing.
Business Driven Research Development
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Author : A. Ganguly
language : en
Publisher: Springer
Release Date : 1999-06-18
Business Driven Research Development written by A. Ganguly and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-06-18 with Business & Economics categories.
Business-Driven Research & Development demonstrates how science and technology can be managed in order to meet well defined business directives. The book argues that it should be a fundamental business premise that the primary role of research and development is to fulfil strategic objectives, within a framework of time and cost targets. The book examines the traditional disconnection between research and development and the market place, and presents the means to derive competitive advantage through overcoming it.
Managing Investment Portfolios
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Author : John L. Maginn
language : en
Publisher: John Wiley & Sons
Release Date : 2007-03-09
Managing Investment Portfolios written by John L. Maginn and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-09 with Business & Economics categories.
"A rare blend of a well-organized, comprehensive guide to portfolio management and a deep, cutting-edge treatment of the key topics by distinguished authors who have all practiced what they preach. The subtitle, A Dynamic Process, points to the fresh, modern ideas that sparkle throughout this new edition. Just reading Peter Bernstein's thoughtful Foreword can move you forward in your thinking about this critical subject." —Martin L. Leibowitz, Morgan Stanley "Managing Investment Portfolios remains the definitive volume in explaining investment management as a process, providing organization and structure to a complex, multipart set of concepts and procedures. Anyone involved in the management of portfolios will benefit from a careful reading of this new edition." —Charles P. Jones, CFA, Edwin Gill Professor of Finance, College of Management, North Carolina State University