메뉴 건너뛰기




Volumn 12, Issue 3-4, 2003, Pages 391-416

Fuzzy black and scholes real options pricing

Author keywords

Fuzzy real options valuation; Giga investments; Real options theory

Indexed keywords


EID: 32844459008     PISSN: 12460125     EISSN: 21167052     Source Type: Journal    
DOI: 10.3166/jds.12.391-416     Document Type: Article
Times cited : (24)

References (100)
  • 2
    • 0007570826 scopus 로고    scopus 로고
    • Adoption of uncertain multi-stage technology projects: A real options approach
    • Alvarez, L. H. R., and Stenbacka, R., 2001. Adoption of uncertain multi-stage technology projects:a real options approach. Journal of Mathematical Economics, 35:71–97.
    • (2001) Journal of Mathematical Economics , vol.35 , pp. 71-97
    • Alvarez, L.H.R.1    Stenbacka, R.2
  • 4
    • 0033437913 scopus 로고    scopus 로고
    • A case for using real options pricing analysis to evaluate information technology project investments
    • Benaroch, M., and Kauffman, R. J., 1999. A case for using real options pricing analysis to evaluate information technology project investments. Information Systems Research, 10:70–86.
    • (1999) Information Systems Research , vol.10 , pp. 70-86
    • Benaroch, M.1    Kauffman, R.J.2
  • 5
    • 0001662131 scopus 로고    scopus 로고
    • Justifying electronic banking network expansion using real options analysis
    • Benaroch, M., and Kauffman, R. J., 2000. Justifying electronic banking network expansion using real options analysis. MIS Quarterly, 24:197–225.
    • (2000) MIS Quarterly , vol.24 , pp. 197-225
    • Benaroch, M.1    Kauffman, R.J.2
  • 6
    • 0036147494 scopus 로고    scopus 로고
    • Resources, real options, and corporate strategy
    • Bernardo, A. E., and Chowdhry, B., 2002. Resources, real options, and corporate strategy. Journal of Financial Economics, 63 (2):211–234.
    • (2002) Journal of Financial Economics , vol.63 , Issue.2 , pp. 211-234
    • Bernardo, A.E.1    Chowdhry, B.2
  • 7
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black, F., and Scholes, M., 1973. The pricing of options and corporate liabilities. Journal of Political Economy, 81:637–659.
    • (1973) Journal of Political Economy , vol.81 , pp. 637-659
    • Black, F.1    Scholes, M.2
  • 9
    • 0001603924 scopus 로고
    • Evaluating natural resource investments
    • Brennan, M., and Schwartz, E., 1985. Evaluating natural resource investments. Journal of Business, 58 (2):135–157.
    • (1985) Journal of Business , vol.58 , Issue.2 , pp. 135-157
    • Brennan, M.1    Schwartz, E.2
  • 11
    • 0001514927 scopus 로고
    • The fuzzy mathematics of finance
    • Buckley, J. J., 1987. The fuzzy mathematics of finance. Fuzzy Sets and Systems, 21:257–273.
    • (1987) Fuzzy Sets and Systems , vol.21 , pp. 257-273
    • Buckley, J.J.1
  • 12
    • 38249011562 scopus 로고
    • Solving fuzzy equations in economics and finance
    • Buckley, J. J., 1992. Solving fuzzy equations in economics and finance. Fuzzy Sets and Systems, 48:289–296.
    • (1992) Fuzzy Sets and Systems , vol.48 , pp. 289-296
    • Buckley, J.J.1
  • 13
    • 0031161748 scopus 로고    scopus 로고
    • Real options in practice: An exploratory survey of how finance officers deal with flexibility in capital appraisal
    • Busby, J. S., and Pitts, C. G. C., 1997. Real options in practice:An exploratory survey of how finance officers deal with flexibility in capital appraisal. Management Accounting Research, 8:169–186.
    • (1997) Management Accounting Research , vol.8 , pp. 169-186
    • Busby, J.S.1    Pitts, C.G.C.2
  • 14
    • 0000841044 scopus 로고
    • The intensity and timing of investment: The case of land
    • Capozza, D. R., and Li, Y., 1994. The intensity and timing of investment:The case of land. American Economic Review, 84 (4):889–904.
    • (1994) American Economic Review , vol.84 , Issue.4 , pp. 889-904
    • Capozza, D.R.1    Li, Y.2
  • 15
  • 16
    • 33751164917 scopus 로고    scopus 로고
    • Capital budgeting problems with fuzzy cash flows
    • Carlsson, C., and Fullér, R., 1999. Capital budgeting problems with fuzzy cash flows. Mathware and Soft Computing, 6:81–89.
    • (1999) Mathware and Soft Computing , vol.6 , pp. 81-89
    • Carlsson, C.1    Fullér, R.2
  • 17
    • 0041985130 scopus 로고    scopus 로고
    • TUCS, Turku Centre for Computer Science, Technical Report No. 367
    • Carlsson, C., and Fullér, R., 2000a. On fuzzy real option valuation, TUCS. Turku Centre for Computer Science, Technical Report No. 367
    • (2000) On fuzzy real option valuation
    • Carlsson, C.1    Fullér, R.2
  • 18
    • 85024556331 scopus 로고    scopus 로고
    • Proceedings of the International Symposium of Hungarian Researchers on Computational Intelligence, Budapest Polytechnic
    • Carlsson, C., and Fullér, R., Real option evaluation in fuzzy environment. Proceedings of the International Symposium of Hungarian Researchers on Computational Intelligence. pp. 69–77. Budapest Polytechnic.
    • Real option evaluation in fuzzy environment , pp. 69-77
    • Carlsson, C.1    Fullér, R.2
  • 20
    • 0035885520 scopus 로고    scopus 로고
    • On possibilistic mean value and variance of fuzzy numbers
    • Carlsson, C., and Fullér, R., 2001b. On possibilistic mean value and variance of fuzzy numbers. Fuzzy Sets and Systems, 122:315–326.
    • (2001) Fuzzy Sets and Systems , vol.122 , pp. 315-326
    • Carlsson, C.1    Fullér, R.2
  • 21
    • 36148942538 scopus 로고    scopus 로고
    • Proceedings of the Second International Symposium of Hungarian Researchers on Computational Intelligence
    • Carlsson, C., Fullér, R., and Majlender, P., Project selection with fuzzy real options. Proceedings of the Second International Symposium of Hungarian Researchers on Computational Intelligence. pp. 81–88.
    • Project selection with fuzzy real options , pp. 81-88
    • Carlsson, C.1    Fullér, R.2    Majlender, P.3
  • 23
    • 0041370061 scopus 로고    scopus 로고
    • Real options on knowledge assets: Panacea or Pandora’s box?
    • Coff, R. A., and Laverty, K. J., 2001. Real options on knowledge assets:Panacea or Pandora’s box?. Business Horizons, 44 (6):73–79.
    • (2001) Business Horizons , vol.44 , Issue.6 , pp. 73-79
    • Coff, R.A.1    Laverty, K.J.2
  • 24
    • 0032324574 scopus 로고    scopus 로고
    • Optimal timing of a mine expansion: Implementing a real options model
    • Cortazar, G., and Casassus, J., 1998. Optimal timing of a mine expansion:Implementing a real options model. The Quarterly Review of Economics and Finance, 38:755–769.
    • (1998) The Quarterly Review of Economics and Finance , vol.38 , pp. 755-769
    • Cortazar, G.1    Casassus, J.2
  • 25
    • 0032138633 scopus 로고    scopus 로고
    • Evaluating environmental investments: A real options approach
    • Cortazar, G., Schwartz, E., and Salinas, M., 1998. Evaluating environmental investments:A real options approach. Management Science, 44 (8):1059–1070.
    • (1998) Management Science , vol.44 , Issue.8 , pp. 1059-1070
    • Cortazar, G.1    Schwartz, E.2    Salinas, M.3
  • 27
    • 84936823784 scopus 로고
    • Entry and exit decisions under uncertainty
    • Dixit, A. K., 1989. Entry and exit decisions under uncertainty. Journal of Political Economy, 97 (3):620–638.
    • (1989) Journal of Political Economy , vol.97 , Issue.3 , pp. 620-638
    • Dixit, A.K.1
  • 29
    • 84980091148 scopus 로고
    • Abandonment value and capital budgeting: Comment
    • Dyl, E., and Long, H., 1969. Abandonment value and capital budgeting:Comment. Journal of Finance, 24:88–95.
    • (1969) Journal of Finance , vol.24 , pp. 88-95
    • Dyl, E.1    Long, H.2
  • 30
    • 0023792515 scopus 로고
    • An option pricing approach to evaluating petroleum projects
    • Ekern, S., 1985. An option pricing approach to evaluating petroleum projects. Energy Economics, 10:91–99.
    • (1985) Energy Economics , vol.10 , pp. 91-99
    • Ekern, S.1
  • 31
    • 0346485713 scopus 로고    scopus 로고
    • What is it worth? Application of real options theory to the valuation of generation assets
    • Frayer, J., and Uludere, N. Z., 2001. What is it worth? Application of real options theory to the valuation of generation assets. The Electricity Journal, 14 (8):40–51.
    • (2001) The Electricity Journal , vol.14 , Issue.8 , pp. 40-51
    • Frayer, J.1    Uludere, N.Z.2
  • 32
    • 0036147217 scopus 로고    scopus 로고
    • Determinants of corporate growth opportunities of emerging firms
    • Garner, J. L., Nam, J., and Ottoo, R. E., 2002. Determinants of corporate growth opportunities of emerging firms. Journal of Economics and Business, 54 (1):73–93.
    • (2002) Journal of Economics and Business , vol.54 , Issue.1 , pp. 73-93
    • Garner, J.L.1    Nam, J.2    Ottoo, R.E.3
  • 34
    • 0742268049 scopus 로고    scopus 로고
    • Option exercise games: The intersection of real options and game theory
    • Grenadier, S. R., 2000b. Option exercise games:The intersection of real options and game theory. Journal of Applied Corporate Finance, 13 (2):99–108.
    • (2000) Journal of Applied Corporate Finance , vol.13 , Issue.2 , pp. 99-108
    • Grenadier, S.R.1
  • 36
    • 0001531823 scopus 로고
    • Investments decisions under uncertainty: The irreversibility effect
    • Henry, C., 1974a. Investments decisions under uncertainty:The irreversibility effect. American Economic Review, 64 (6):1006–1012.
    • (1974) American Economic Review , vol.64 , Issue.6 , pp. 1006-1012
    • Henry, C.1
  • 37
  • 40
    • 17144382528 scopus 로고    scopus 로고
    • Valuing operational flexibility under exchange rate risk
    • Huchzermaier, A., and Cohen, M., 1996. Valuing operational flexibility under exchange rate risk. Operations Research, 44:100–113.
    • (1996) Operations Research , vol.44 , pp. 100-113
    • Huchzermaier, A.1    Cohen, M.2
  • 41
    • 84977709229 scopus 로고
    • The pricing of options on assets with stochastic volatility
    • Hull, J., and White, A., 1987. The pricing of options on assets with stochastic volatility. Journal of Finance, 42:281–300.
    • (1987) Journal of Finance , vol.42 , pp. 281-300
    • Hull, J.1    White, A.2
  • 42
    • 85024557615 scopus 로고    scopus 로고
    • Capital budgeting techniques using discounted fuzzy versus probabilistic cash flows
    • forthcoming
    • Kahraman, C., Ruan, D., and Tolga, T., Capital budgeting techniques using discounted fuzzy versus probabilistic cash flows. Information Sciences, forthcoming
    • Information Sciences
    • Kahraman, C.1    Ruan, D.2    Tolga, T.3
  • 43
    • 0002739347 scopus 로고
    • Adding the value of active management into capital budgeting equation
    • Kensinger, J., 1987. Adding the value of active management into capital budgeting equation. Midland Corporate Finance Journal, 5 (1):31–42.
    • (1987) Midland Corporate Finance Journal , vol.5 , Issue.1 , pp. 31-42
    • Kensinger, J.1
  • 44
    • 0000135893 scopus 로고
    • Today's options for tomorrow's growth
    • Kester, W. C., 1984. Today's options for tomorrow's growth. Harvard Business Review, 62 (2):153–160.
    • (1984) Harvard Business Review , vol.62 , Issue.2 , pp. 153-160
    • Kester, W.C.1
  • 45
    • 0000848285 scopus 로고    scopus 로고
    • Fuzzy capital budgeting
    • Kuchta, D., 2000. Fuzzy capital budgeting. Fuzzy Sets and Systems, 111:367–385.
    • (2000) Fuzzy Sets and Systems , vol.111 , pp. 367-385
    • Kuchta, D.1
  • 47
    • 0000265268 scopus 로고
    • General formulation of corporate real options
    • Kulatilaka, N., and Marcus, A. J., 1988. General formulation of corporate real options. Research in Finance, 7:183–199.
    • (1988) Research in Finance , vol.7 , pp. 183-199
    • Kulatilaka, N.1    Marcus, A.J.2
  • 48
    • 0000354487 scopus 로고
    • The strategic value of flexibility: Reducing the ability to compromise
    • Kulatilaka, N., and Marks, S., 1988. The strategic value of flexibility:Reducing the ability to compromise. American Economic Review,:574–580.
    • (1988) American Economic Review , pp. 574-580
    • Kulatilaka, N.1    Marks, S.2
  • 50
    • 0032137432 scopus 로고    scopus 로고
    • Strategic growth options
    • Kulatilaka, N., and Perotti, E. C., 1998a. Strategic growth options. Management Science, 44 (8):1021–1031.
    • (1998) Management Science , vol.44 , Issue.8 , pp. 1021-1031
    • Kulatilaka, N.1    Perotti, E.C.2
  • 53
    • 38249018862 scopus 로고
    • Towards a general setting for the fuzzy mathematics of finance
    • Li Calzi, M., 1990. Towards a general setting for the fuzzy mathematics of finance. Fuzzy Sets and Systems, 35:265–280.
    • (1990) Fuzzy Sets and Systems , vol.35 , pp. 265-280
    • Li Calzi, M.1
  • 54
    • 36448991356 scopus 로고    scopus 로고
    • The option value of developing two products sumultaneously when the final standard is uncertain
    • Trigeorgis L., (ed), Oxford University Press, forthcoming
    • Lint, O., and Pennings, E., “ The option value of developing two products sumultaneously when the final standard is uncertain ”. In Real options:New developments and applications, Edited by:Trigeorgis, Lenos. Oxford University Press. forthcoming
    • Real options: New developments and applications
    • Lint, O.1    Pennings, E.2
  • 55
    • 0001832876 scopus 로고    scopus 로고
    • Investment opportunities as real options: Getting started on the numbers
    • Luehrman, T., 1998a. Investment opportunities as real options:Getting started on the numbers. Harvard Business Review, 76 (4):51–67.
    • (1998) Harvard Business Review , vol.76 , Issue.4 , pp. 51-67
    • Luehrman, T.1
  • 56
    • 0032161417 scopus 로고    scopus 로고
    • Strategy as a portfolio of real options
    • Luehrman, T., 1998b. Strategy as a portfolio of real options. Harvard Business Review, 76:89–99.
    • (1998) Harvard Business Review , vol.76 , pp. 89-99
    • Luehrman, T.1
  • 59
    • 38249037059 scopus 로고
    • Time to build, option value, and investment decisions
    • Majd, S., and Pindyck, R., 1987. Time to build, option value, and investment decisions. Journal of Financial Economics, 18 (1):7–27.
    • (1987) Journal of Financial Economics , vol.18 , Issue.1 , pp. 7-27
    • Majd, S.1    Pindyck, R.2
  • 60
    • 38249014744 scopus 로고
    • Optimal timing of transmission line investments in the face of uncertain demand: An option valuation approach
    • Martzoukos, S. H., and Teplitz-Sembitzky. 1992. Optimal timing of transmission line investments in the face of uncertain demand:An option valuation approach. Energy Economics, 14:3–10.
    • (1992) Energy Economics , vol.14 , pp. 3-10
    • Martzoukos, S.H.1    Teplitz-Sembitzky2
  • 61
    • 0036466574 scopus 로고    scopus 로고
    • Real (investment) options with multiple sources of rare events
    • Martzoukos, S. H., and Trigeorgis, L., 2002. Real (investment) options with multiple sources of rare events. European Journal of Operational Research, 136 (3):696–706.
    • (2002) European Journal of Operational Research , vol.136 , Issue.3 , pp. 696-706
    • Martzoukos, S.H.1    Trigeorgis, L.2
  • 62
    • 0002187605 scopus 로고
    • The role of contingent claims analysis in corporate finance
    • Altman E., Subrahymanyam M., (eds), Boston, MA: Irwin
    • Mason, P., and Merton, R., 1985. “ The role of contingent claims analysis in corporate finance ”. In Recent advances in corporate finance, Edited by:Altman, E., and Subrahymanyam, M., Boston, MA:Irwin.
    • (1985) Recent advances in corporate finance
    • Mason, P.1    Merton, R.2
  • 63
    • 0000704002 scopus 로고
    • Investment and the valuation of firms when there is an option to shut down
    • McDonald, R. L., and Siegel, D. R., 1985. Investment and the valuation of firms when there is an option to shut down. International Economic Review, 26:331–349.
    • (1985) International Economic Review , vol.26 , pp. 331-349
    • McDonald, R.L.1    Siegel, D.R.2
  • 69
    • 0142176821 scopus 로고    scopus 로고
    • A model for pricing an option with a fuzzy payoff
    • Muzzioli, S., and Torricelli, C., 2001. A model for pricing an option with a fuzzy payoff. Fuzzy Economic Review, VI (1)
    • (2001) Fuzzy Economic Review , vol.6 , Issue.1
    • Muzzioli, S.1    Torricelli, C.2
  • 70
    • 49449125071 scopus 로고
    • Determinants of corporate borrowing
    • Myers, S. C., 1977. Determinants of corporate borrowing. Journal of Financial Economics, 5 (2):147–175.
    • (1977) Journal of Financial Economics , vol.5 , Issue.2 , pp. 147-175
    • Myers, S.C.1
  • 72
    • 0041331726 scopus 로고    scopus 로고
    • Country risk, country risk indices and valuation of FDI: A real options approach
    • Nordal, K. B., 2001. Country risk, country risk indices and valuation of FDI:A real options approach. Emerging Markets Review, 2 (3):197–217.
    • (2001) Emerging Markets Review , vol.2 , Issue.3 , pp. 197-217
    • Nordal, K.B.1
  • 73
    • 0035151549 scopus 로고    scopus 로고
    • Integrating real and financial option in demand-side electricity contracts
    • Oren, S. S., 2001. Integrating real and financial option in demand-side electricity contracts. Decision Support Systems, 30 (3):279–288.
    • (2001) Decision Support Systems , vol.30 , Issue.3 , pp. 279-288
    • Oren, S.S.1
  • 74
    • 84959850844 scopus 로고
    • Option valuation of claims on real assets: The case of offshore petroleum leases
    • Paddock, J. L., Siegel, D. W., and Smith, J. L., 1988. Option valuation of claims on real assets:The case of offshore petroleum leases. Quarterly Journal of Economics, 103 (3):479–508.
    • (1988) Quarterly Journal of Economics , vol.103 , Issue.3 , pp. 479-508
    • Paddock, J.L.1    Siegel, D.W.2    Smith, J.L.3
  • 75
    • 0001478349 scopus 로고
    • Patents as options: Some estimates of the value of holding European patent stocks
    • Pakes, A., 1986. Patents as options:Some estimates of the value of holding European patent stocks. Econometrica, 54:755–784.
    • (1986) Econometrica , vol.54 , pp. 755-784
    • Pakes, A.1
  • 76
    • 0034230419 scopus 로고    scopus 로고
    • Market entry, phased rollout or abandonment? A real option approach
    • Pennings, E., and Lint, O., 2000. Market entry, phased rollout or abandonment? A real option approach. European Journal of Operational Research, 124 (1):125–138.
    • (2000) European Journal of Operational Research , vol.124 , Issue.1 , pp. 125-138
    • Pennings, E.1    Lint, O.2
  • 77
    • 0000888844 scopus 로고
    • Irreversible investment, capacity choice, and the value of the firm
    • Pindyck, R., 1988. Irreversible investment, capacity choice, and the value of the firm. American Economic Review, 78 (5):969–985.
    • (1988) American Economic Review , vol.78 , Issue.5 , pp. 969-985
    • Pindyck, R.1
  • 78
    • 84993911739 scopus 로고
    • Empirical testing of real option-pricing models
    • Quigg, L., 1993. Empirical testing of real option-pricing models. Journal of Finance, 48:621–639.
    • (1993) Journal of Finance , vol.48 , pp. 621-639
    • Quigg, L.1
  • 79
    • 84980101095 scopus 로고
    • Abandonment value and capital budgeting
    • Robicheck, A., and VanHorne, J., 1967. Abandonment value and capital budgeting. Journal of Finance, 22:577–590.
    • (1967) Journal of Finance , vol.22 , pp. 577-590
    • Robicheck, A.1    VanHorne, J.2
  • 80
    • 0000993176 scopus 로고    scopus 로고
    • On the investment-uncertainty relationship in a real options model
    • Sarkar, S., 2000. On the investment-uncertainty relationship in a real options model. Journal of Economic Dynamics and Control, 24 (2):219–225.
    • (2000) Journal of Economic Dynamics and Control , vol.24 , Issue.2 , pp. 219-225
    • Sarkar, S.1
  • 84
    • 0035546630 scopus 로고    scopus 로고
    • Fuzziness in valuing financial instruments by certainty equivalents
    • Simonelli, M. R., 2001. Fuzziness in valuing financial instruments by certainty equivalents. European Journal of Operational Research, 135 (2):296–302.
    • (2001) European Journal of Operational Research , vol.135 , Issue.2 , pp. 296-302
    • Simonelli, M.R.1
  • 85
    • 21344489910 scopus 로고
    • A real options and game-theoretic approach to corporate investment strategy under competition
    • Smit, H. T. J., and Ankum, L. A., 1993. A real options and game-theoretic approach to corporate investment strategy under competition. Financial Management, 22 (3):241–250.
    • (1993) Financial Management , vol.22 , Issue.3 , pp. 241-250
    • Smit, H.T.J.1    Ankum, L.A.2
  • 87
    • 0037519041 scopus 로고    scopus 로고
    • Do patens slow down technological progress?: Real options in research, patenting and market introduction
    • Takalo, T., and Kanniainen, V., 2000. Do patens slow down technological progress?:Real options in research, patenting and market introduction. International Journal of Industrial Organization, 18 (7):1105–1127.
    • (2000) International Journal of Industrial Organization , vol.18 , Issue.7 , pp. 1105-1127
    • Takalo, T.1    Kanniainen, V.2
  • 88
    • 0034299867 scopus 로고    scopus 로고
    • Economic expectations, fuzzy sets and financial planning
    • Tarrazo, M., and Gutierrez, L., 2000. Economic expectations, fuzzy sets and financial planning. European Journal of Operational Research, 126 (1):89–105.
    • (2000) European Journal of Operational Research , vol.126 , Issue.1 , pp. 89-105
    • Tarrazo, M.1    Gutierrez, L.2
  • 89
    • 0008889889 scopus 로고
    • Urban land prices under uncertainty
    • Titman, S., 1985. Urban land prices under uncertainty. American economic review, 75:305–314.
    • (1985) American economic review , vol.75 , pp. 305-314
    • Titman, S.1
  • 91
    • 84977719278 scopus 로고
    • Valuing flexibility as a complex option
    • Triantis, A. J., and Hodder, J., 1990. Valuing flexibility as a complex option. The Journal of Finance, XLV (2):549–565.
    • (1990) The Journal of Finance , vol.45 , Issue.2 , pp. 549-565
    • Triantis, A.J.1    Hodder, J.2
  • 92
    • 0001043541 scopus 로고
    • A conceptual options framework for capital budgeting
    • Trigeorgis, L., 1988. A conceptual options framework for capital budgeting. Advances in Futures and Options Research, 3:145–167.
    • (1988) Advances in Futures and Options Research , vol.3 , pp. 145-167
    • Trigeorgis, L.1
  • 93
    • 21344498048 scopus 로고
    • Real options and interactions with financial flexibility
    • Trigeorgis, L., 1993a. Real options and interactions with financial flexibility. Financial Management, 22 (3):202–224.
    • (1993) Financial Management , vol.22 , Issue.3 , pp. 202-224
    • Trigeorgis, L.1
  • 94
    • 84903989527 scopus 로고
    • The nature of option interactions and the valuation of investments with multiple real options
    • Trigeorgis, L., 1993b. The nature of option interactions and the valuation of investments with multiple real options. Journal of Financial and Quantitative Analysis, 28 (1):1–20.
    • (1993) Journal of Financial and Quantitative Analysis , vol.28 , Issue.1 , pp. 1-20
    • Trigeorgis, L.1
  • 98
    • 0034179151 scopus 로고    scopus 로고
    • Real option theories and investment in emerging economies
    • Vonnegut, A., 2000. Real option theories and investment in emerging economies. Emerging Markets Review, 1 (1):82–100.
    • (2000) Emerging Markets Review , vol.1 , Issue.1 , pp. 82-100
    • Vonnegut, A.1
  • 100
    • 0035546595 scopus 로고    scopus 로고
    • Application of the fuzzy-stochastic methodology to appraising the firm value as an European call option
    • Zmeskal, Z., 2001. Application of the fuzzy-stochastic methodology to appraising the firm value as an European call option. European Journal of Operational Research, 135 (2):303–310.
    • (2001) European Journal of Operational Research , vol.135 , Issue.2 , pp. 303-310
    • Zmeskal, Z.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.