Valuing Research and Development Projects in Energy Markets

Peter Schäfer ()
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Peter Schäfer: TUM School of Management, TU München

A chapter in Valuing Corporate Innovation, 2018, pp 5-38 from Springer

Abstract: Abstract In this chapter we highlight the importance of appropriately valuing research and development investments. We identify specific characteristics of research and development projectsresearch and development projects , such as irreversibility, uncertainty and managerial flexibilitymanagerial flexibility . In Sect. 2.2 we suggest valuation tools that are able to take these characteristics into account in order to valuate projects in research and development. In Sect. 2.3 we present a case study. The case study analyzes the decision process in the development of the Siemens H-class Gas TurbineSiemens H-class Gas Turbine . It illustrates how companies make their decisions about research and development projects in practice.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-64864-4_2

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DOI: 10.1007/978-3-319-64864-4_2

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