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  • The real option methodology application with possibility of sequential multinomial decision-making is described in the paper. The stochastic dynamic Bellman`s optimisation principle is explained and applied; moreover optimisation criterion of the present expected value is demonstrated and used. Likewise, option valuation approach on replication strategy and risk-neutral probability is described. Illustrative example of the application of the real multinomial flexible switch options methodology for three chosen modes is presented. The usefulness, effectiveness and suitability of application the generalized flexibility model in company valuation and evaluation projects were verified and confirmed. (en)
  • The real option methodology application with possibility of sequential multinomial decision-making is described in the paper. The stochastic dynamic Bellman`s optimisation principle is explained and applied; moreover optimisation criterion of the present expected value is demonstrated and used. Likewise, option valuation approach on replication strategy and risk-neutral probability is described. Illustrative example of the application of the real multinomial flexible switch options methodology for three chosen modes is presented. The usefulness, effectiveness and suitability of application the generalized flexibility model in company valuation and evaluation projects were verified and confirmed.
Title
  • Real option applications based on the generalised multinomial flexible switch options methodology
  • Real option applications based on the generalised multinomial flexible switch options methodology (en)
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  • Real option applications based on the generalised multinomial flexible switch options methodology
  • Real option applications based on the generalised multinomial flexible switch options methodology (en)
skos:notation
  • RIV/61989100:27510/06:00013505!RIV10-GA0-27510___
http://linked.open...avai/riv/aktivita
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  • P(GA402/04/1357)
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
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  • 496518
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  • RIV/61989100:27510/06:00013505
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  • Financial option; Real options; Discrete Binomial Model; Pricing; Stochastic dynamic Bellman`s Optimisation Principle; Switch Option (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [117AFCCBD56F]
http://linked.open...v/mistoKonaniAkce
  • Plzeň
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  • Pilsen
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  • Mathematical Methods in Economics
http://linked.open...in/vavai/riv/obor
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http://linked.open...vavai/riv/projekt
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  • Zmeškal, Zdeněk
http://linked.open...vavai/riv/typAkce
http://linked.open...ain/vavai/riv/wos
  • 000262064700065
http://linked.open.../riv/zahajeniAkce
number of pages
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  • Západočeská univerzita v Plzni
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  • 978-80-7043-480-2
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  • 27510
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