haku: @journal_id 112 / yhteensä: 1577
viite: 57 / 1577
| Tekijä: | Smith, J. McCardle, K. |
| Otsikko: | Valuing oil properties: integrating option pricing and decision analysis approaches |
| Lehti: | Operations Research
1998 : MAR-APR, VOL. 46:2, p. 198-217 |
| Asiasana: | OPERATIONAL RESEARCH OIL INDUSTRY OPTION PRICES |
| Kieli: | eng |
| Tiivistelmä: | There are two major competing procedures for evaluating risky projects where managerial flexibility plays an important role: one is decision analytic, based on stochastic decision programming, and the other is option pricing theory, based on the no-arbitrage theory of financial markets. In this paper, the authors show how these two approaches can be profitably integrated to evaluate oil properties. They develop and analyze a model of an oil property. |
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