Valuing Real Options in a Stochastic Control Framework

Alexander Vollert
Additional contact information
Alexander Vollert: Universität Karlsruhe (TH)

Chapter 4 in A Stochastic Control Framework for Real Options in Strategic Evaluation, 2003, pp 85-128 from Springer

Abstract: Abstract As already mentioned, a serious drawback of the real option pricing approach is its inadequacy to deal with many different interacting options embedded in one or more projects. Its lack in dealing with such complexity is a serious limitation to the implementation of the real option approach to real world problems and is in the author’s opinion one reason for the slow adoption of real option pricing among corporate practitioners.

Keywords: Real Option; Impulse Control; Stochastic Control; Contingent Claim; Stochastic Control Problem (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4612-2068-8_4

Ordering information: This item can be ordered from
http://www.springer.com/9781461220688

DOI: 10.1007/978-1-4612-2068-8_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().