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Giga-Investments: Modelling the Valuation of Very Large Industrial Real Investments

Mikael Collan ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this doctoral dissertation characteristics of very large industrial real investments (VLIRI) are investigated and a special group of VLIRI is defined as giga-investments. The investment decision-making regarding to giga-investments is discussed from the points of view of discounted cash-flow based methods and real option valuation. Based on the bacground of establishing giga-investments, state-of-the-art in capital budgeting (including real options) and by applying fuzzy numbers a novel method for the evaluation and profitability analysis of giga-investments is presented. Application of the method is illustrated and issues regarding investment decision-making of large industrial real investments are discussed.

Keywords: Real Options; Fuzzy Real Option Valuation; Giga-Investments; Very Large Industrial Real Investments; Dissertation (search for similar items in EconPapers)
JEL-codes: Y40 G31 Y4 (search for similar items in EconPapers)
Date: 2004-11
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