13.07.2015 Views

The real options approach to valuation - Haskayne School of Business

The real options approach to valuation - Haskayne School of Business

The real options approach to valuation - Haskayne School of Business

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Using the Risk Neutral Framework <strong>to</strong> value projects allows us <strong>to</strong> • Use all the informa*on contained in futures prices when these prices exist • Take in<strong>to</strong> account all the flexibili*es (op*ons) the projects might have • Use the powerful analy*cal <strong>to</strong>ols developed in con*ngent claims analysis

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!