Application of real options to evaluate the development process of new aircraft models

Collection of Technical Papers - AIAA 4th Aviation Technology, Integration, and Operations Forum, ATIO

Volumn 2, Issue , 2004, Pages 890-900

  Miller, Bruno ^a   Clarke, John Paul ^a  

^a Massachusetts Institute of Technology   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

DECISION POINTS; INVESTMENT DECISIONS; REAL OPTIONS ANALYSIS (ROA); REVENUE-PASSENGER MILES (RPM);

AIRCRAFT MODELS; COMPUTER SIMULATION; DECISION MAKING; INVESTMENTS; MARKETING; MONTE CARLO METHODS; NUMERICAL ANALYSIS; PRODUCTION; PROJECT MANAGEMENT;

AIRCRAFT;

EID: 19644394284     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (8)

1. Skinner, Steve, Alex Dichter, Paul Langley and Hendrik Sabert (1999) "Managing Growth and Profitability across Peaks and Troughs of the Airline Industry Cycle - An Industry Dynamics Approach," G. Butler and M. Keller eds. Handbook of Airline Finance. MacGraw-Hill, New York.
2. Stonier, John E. (1999) "What is an Aircraft Purchase Option Worth? Quantifying Asset Flexibility Created through Manufacturer Lead-Time Reductions and Product Commonality." G. Butler and M. Keller eds. Handbook of Airline Finance. MacGraw-Hill, New York.
3. Air Transportation Association (2004) "Annual Traffic and Capacity: US airlines - scheduled traffic." Available at: http://www.airlines.org/ econ/ [cited 10 June 2004].
4. Bureau of Economic Analysis (2004) "Current-Dollar and "Real" Gross Domestic Product." Available at: http://www.bea.doc.gov/bea/dn/gdplev.xls [cited 10 June 2004]
5. Black, Fischer and Myron Scholes. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy. Vol. 81, 1973.
6. th Edition. McGraw-Hill, New York.
7. nd Edition.
8. th Annual Forum of the Transportation Research Forum (TRF), Evanston, Illinois. Submitted for publication.