PL EN


2007 | 1(1) | 87-107
Article title

Metodologiczne i aplikacyjne problemy wyceny opcji realnych za pomoca algorytmow wyceny opcji finansowych

Authors
Title variants
EN
METHODOLOGICAL AND PRACTICAL PROBLEMS OF REAL OPTION VALUATIONS
Languages of publication
PL
Abstracts
EN
The article deals with the problem of application the financial options valuation theory into the real options valuation. It consists of three parts. The first one presents the methodology background of the financial option valuation models. This part gives the general outlook on the problems which occurs in the process of adopting the methodology to solve the capital budgeting problems. The main problem concerns the lack of market valuated instrument which could be used to compose the replicating portfolio for payouts from real options. In the second part, there are presented attempts to solve the problem of the replicating portfolio of the real options which appeared in the financial literature. There is presented the Market Asset Declaimer as a one of the most appealing solution from the practical perspective. The last part of the article discusses the application issues of different analytical tools. The conclusions indicate that binominal trees methodology is more suitable to implement the real options methodology in decision processes than other tools.
Keywords
Year
Issue
Pages
87-107
Physical description
Document type
ARTICLE
Contributors
  • Pawel Mielcarz, Akademia Leona Kozminskiego, ul Jagiellonska 57/59, 03-301 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
11PLAAAA09237
YADDA identifier
bwmeta1.element.28c94f96-086c-3bc8-a162-52c8fc7560c9
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