A real options approach for prioritizing ICT business alternatives: A case study from broadband technology business field

Journal of the Operational Research Society

Volumn 59, Issue 10, 2008, Pages 1340-1351

  Angelou, G ^a   Economides, A ^a  

^a UNIVERSITY OF MACEDONIA   (Greece)

Author keywords

Broadband investments; Decision analysis; Investment; Methodology; Real options; Telecommunications

Indexed keywords

COMPETITION; DECISION THEORY; TELECOMMUNICATION;

BROADBAND TECHNOLOGIES; COMPETITIVE THREATS; INFORMATION AND COMMUNICATION TECHNOLOGIES; INFRASTRUCTURE PROJECT; INVESTMENT OPPORTUNITIES; METHODOLOGY; REAL OPTIONS; REAL OPTIONS APPROACH;

INVESTMENTS;

EID: 51349120972     PISSN: 01605682     EISSN: 14769360     Source Type: Journal    
DOI: 10.1057/palgrave.jors.2602477     Document Type: Article

References (25)

1. Angelou G and Economides A (2005). Flexible ICT investments analysis using real options. Int J Technol Pol Mngt 5(2): 146-166.
2. Angelou G and Economides A (2006a). ICAT investment appraisal using real options. 10th WSEAS International Conference on COMPUTERS, Athens, Greece.
3. Angclou G and Economidcs A (2006b). Broadband investments as growth options under competition threat. FITCE 45th Congress 2006, Athens, Greece.
4. Angelou G and Economidcs A (2006c). ICT investments as real options under competition threat. International Telecommunications Symposium, Fortaleza-Ceaá-Brazil.
5. Benaroch M (2002). Managing information technology investment risk: A real options Perspective. J Mngt Info Syst 19(2): 43-84.
6. Benaroch M and Kauffman R (2000). Justifying electronic banking network expansion using real options analysis. MIS Quart 24(2): 197-225.
7. Bhagat S (1999). Real options applications in the telecommunication industry. In: Alleman J and Naom E (eds). The New Investment Theory of Real Options and its Implication for Telecommunications Economics. Kluwer Academic Publishers: Boston, pp 35-47.
8. Boston J and Poinlon J (1999). Valuation under technological change. J Opl Res Soc 50(3): 255-261.
9. Elnegaard N (2002). How to incorporate the value of flexibility in broadband access network rollout investment projects. 41st European Telecommunications Congress (FITCE), Genoa, Italy.
10. Elnegaard N and Slordahl K (2002). Choosing the right timing of investment in xDSL mllouts: A real option approach ISSLS 2002. TONIC Publication: Seoul.
11. EURESCOM Project-901 (2000). Investment Analysis Modelling-Investment Analysis under Uncertainly. In Project Deliverable 2, Vol 4, http://www.EURESCOM.de/public/projects/P900-series/P901/, accessed July 2007.
12. Gamba A and Trigeorgis L (2002) . A log-transformed binomial lattice extension for multi-dimensional option problems. Presented at the 5th Annual Conference on Real Options, Anderson School of Management, UCLA, Los-Angeles, 2002.
13. Iatropoulos A, Economides A and Angelou G (2004). Broadband investments analysis using real options methodology: A case study for Egnatia Odos SA. Commun Strateg 55(3rd quarter): 45-76.
14. International Telecoms Intelligence (ITI) Company (2005). Available reports: Market Intelligence Report, hllp://www.espicom.com/web3.nsf/structure/ tel_bksmgreece ?OpenDocument
15. Kalhagen K and Elnegaard N (2002). Accessing broadband investment risk through option theory. Telektronikk Magazine 2/3: 51-62.
16. Kantor Capital (2005). Overview of status of the telecommunication market in Greece. http://www.kantor.gr/files/surveys/ExecSummary_Telecoms12_9_05.pdf
17. Kester WC (1984). Today's Options for Tomorrow's Growth. Harvard Bus Rev 62(2): 153-160.
18. Kumar R (1999). Understanding DSS value: an options perspective. Omega, Int J Mngt Sci 27: 295-304.
19. Mun J (2002). Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions. Wiley Finance: New Jersey.
20. Panayi S and Trigeorgis L (1998). Multi-stage real options: The cases of information technology infrastructure and international bank expansion. Quart Rev Econ Fin 38: 675-692.
21. Roper-Lowe G and Sharp J (1990). The analytic hierarchy process and its application to an information technology decision. J Ohl Res Soc 42(1): 49-59.
22. Taudes A, Feurstein M, and Mild A (2000). Options analysis of software platform decisions: A case study. MIS Quart 24(2): 227-243.
23. Trigeorgis L (1996). Real Options: Managerial Flexibility and Strategy in Resource Allocation. The MIT Press: Cambridge, MA.
24. Trigeorgis L (1999). Real options: A primer. In: Alleman J and Nonni E (eds). The New Investment Theory of Real Options and its Implication for Telecommunications Economics. Kluwer Academic Publishers: Boston, pp 3-33.
25. Zhu K (1999). Strategic investment in information technologies: A real-options and game-theoretic approach. Doctoral Dissertation, Stanford University, CA.