Valuing Risk and Flexibility: A Comparison of Methods

N. Moyen, Margaret Slade () and Raman Uppal

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: Discounted-cash-flow (DCF) techniques form the basis of most corporate-investment decisions. Many practitioners, however, claim to be dissatisfied with traditional methods of appraisal. In this paper, we survey DCF and more recent methods of evaluating cyclical projects.

Keywords: RISK; ENTERPRISES; INVESTMENTS; FINANCIAL MARKET; MINES (search for similar items in EconPapers)
JEL-codes: D21 G31 L72 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1996
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Citations: View citations in EconPapers (21)

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Journal Article: Valuing risk and flexibility: A comparison of methods (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:96b08

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