Valuing managerial flexibility: An application of real-option theory to steel industry investments

Joaquín Sánchez-Soriano, Natividad Llorca () and Encarnación Algaba ()

Operations Research and Decisions, 2016, vol. 26, issue 2, 127-145

Abstract: (Discrete) bankruptcy problems associated with apportionment problems have been defined. The authors studied which allocations for apportionment problems have been obtained when (discrete) bankruptcy rules were applied to the associated bankruptcy problems. They have shown that the (discrete) constrained equal losses rule coincides with the greatest remainder method for apportionment problems. Furthermore, new properties related to governability have been proposed for apportionment methods. Finally, several apportionment methods satisfying governability properties have been applied to the case of the Spanish Elections in 2015

Keywords: apportionment rules; bankruptcy rules; standard of comparisons; proportional electoral systems; governability (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:wut:journl:v:2:y:2016:p:127-145:id:1225

DOI: 10.5277/ord160208

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