Capturing the option value of R&D

Research Technology Management

Volumn 43, Issue 4, 2000, Pages 31-34

  Angelis, Diana I ^a  

^a NAVAL POSTGRADUATE SCHOOL   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COST BENEFIT ANALYSIS; COST EFFECTIVENESS; DECISION MAKING; FINANCE; MARKETING; MATHEMATICAL MODELS;

BLACK-SCHOLES MODEL; CASH FLOW PROJECTIONS; NET PRESENT VALUE;

RESEARCH AND DEVELOPMENT MANAGEMENT;

EID: 0034224994     PISSN: 08956308     EISSN: None     Source Type: Journal    
DOI: 10.1080/08956308.2000.11671366     Document Type: Article

References (12)

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2. Kester, W.C. "Today's Options for Tomorrow's Growth." Harvard Business Review, 63, March-April 1984, pp. 128-135.
3. Mitchell, G.R. and Hamilton, W.F. "Managing R&D as a Strategic Option." Research • Technology Management, May-June 1988, pp. 15-22.
4. Black, F. and Scholes, M. "The Pricing of Options and Corporate Liabilities." Journal of Political Economy, 81, May-June 1973, pp. 637-659.
5. Ross, B.N. "Managing R&D as an Opportunity Center." Portland International Conference on Management of Engineering and Technology, 1991, pp. 149-152.
6. Newton, D.P. and Pearson, A.W. "Application of Option Pricing Theory to R&D." R&D Management, 24, 1, 1994, pp. 83-89.
7. Sender, G.L. "Option Analysis at Merck." Harvard Business Review, 72, January-February 1994, pp. 90-99.
8. Trigeorgis, L. "Topics in Real Options and Applications." Financial Management, Autumn 1993, pp. 202-224.
9. Trigeorgis, L. Real Options: Managerial Flexibility and Strategy in Resource Allocation. 4th edition. MIT Press, Cambridge, MA, 1999.
10. Morris, P.A., Teisberg, E.O. and Kolbe, L.A. "When Choosing R&D Projects, Go With the Long Shots." Research • Technology Management, 34, January-February 1991, pp. 35-40.
11. Dixit, K.D. and Pindyck, R.S. "The Options Approach to Capital Investment." Harvard Business Review, May-June 1995. pp. 105-115.
12. Faulkner, T.W. "Applying Options Thinking to R&D Valuation." Research • Technology Management, May-June 1996, pp. 50-56.