Real options - An introduction and an application to R&D valuation

Engineering Economist

Volumn 47, Issue 2, 2002, Pages 151-168

  Benninga, Simon ^a,b   Tolkowsky, Efrat ^c  

^a TEL AVIV UNIVERSITY   (Israel)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

^c TECHNION ISRAEL INSTITUTE OF TECHNOLOGY   (Israel)

Author keywords

[No Author keywords available]

Indexed keywords

CAPITAL BUDGETING; EXCEL; PHARMACEUTICAL INDUSTRY; REAL OPTIONS; REAL OPTIONS APPROACH; RESEARCH AND DEVELOPMENT;

ENGINEERING; INDUSTRIAL ECONOMICS;

BUDGET CONTROL;

EID: 18844387211     PISSN: 0013791X     EISSN: 15472701     Source Type: Journal    
DOI: 10.1080/00137910208965030     Document Type: Article

References (7)

1. AMRAM, MARTHA and NALIN KULATILAKA, Real Options, Boston: Harvard Business School, 1998.
2. BENNINGA, SIMON, Financial Modeling, 2nd edition, MIT Press, 2000.
3. BLACK, F. and M. SCHOLES, "The pricing of Options and Corporate Liabilities," Journal of Political Economy, Vol. 81, May-June 1973, pp. 637-654.
4. COPELAND, TOM and VLADIMIR ANTIKAROV, Real Options: A Practitioner's Guide, New York, Texere, 2001.
5. Cox, J., S. A. Ross, and M. RUBINSTEIN, "Option Pricing: A Simplified Approach," Journal of Financial Economies, Vol. 7, 1979, pp. 229-264.
6. KELLOGG, DAVID and JOHN M. CHARNES, "Real-Options Valuation for a Biotechnology Company," Financial Analysts Journal, May/June 2000, pp. 76-84.
7. TRIGEORGIS, LENOS, Real Options: Managerial Flexibility and Strategy in Resource Allocation, Cambridge, MTT Press, 1996.