[HTML][HTML] Real options in transportation research: A review

S Zheng, C Jiang - Transport Economics and Management, 2023 - Elsevier
Abstract The Real Options (RO) approach is a powerful tool for decision analysis in dynamic
or non-stationary stochastic settings, as it considers the value of decision flexibility under …

What makes and what does not make a real option? A study of equity shares in international joint ventures

IRP Cuypers, X Martin - Journal of International Business Studies, 2010 - Springer
This paper examines the boundaries of real options logic, with an application to joint
ventures (JVs). We distinguish between forms of uncertainty that are resolved endogenously …

Strategic capacity investment under uncertainty

KJM Huisman, PM Kort - The RAND Journal of Economics, 2015 - Wiley Online Library
This article considers investment decisions within an uncertain dynamic and duopolistic
framework. Each investment decision involves to determine the timing and the capacity …

Developing real option game models

A Azevedo, D Paxson - European Journal of Operational Research, 2014 - Elsevier
By mixing concepts from both game theoretic analysis and real options theory, an
investment decision in a competitive market can be seen as a “game” between firms, as …

[图书][B] Competitive strategy: Options and games

B Chevalier-Roignant, L Trigeorgis - 2011 - books.google.com
From the publisher. Corporate managers who face both strategic uncertainty and market
uncertainty confront a classic trade-off between commitment and flexibility. They can stake a …

Capacity investment decisions of two competing ports under uncertainty: A strategic real options approach

M Balliauw, PM Kort, A Zhang - Transportation research part B …, 2019 - Elsevier
Ports worldwide operate in an uncertain environment and compete with nearby ports to
attract cargo. The extent of competition is influenced by the geographical location and …

Infrastructure investment as a real options game: The case of European airport expansion

HTJ Smit - Financial Management, 2003 - JSTOR
This article analyzes the optional and strategic features of infrastructure investment.
Infrastructure investments generate other investment opportunities, and in so doing change …

Real options in finance

BM Lambrecht - Journal of Banking & Finance, 2017 - Elsevier
Although the academic literature on real options has grown enormously over the past three
decades, the adoption of formal real option valuation models by practitioners appears to be …

Investment, uncertainty and pre-emption

R Mason, H Weeds - International Journal of Industrial Organization, 2010 - Elsevier
This paper examines irreversible investment in a project with uncertain returns, when there
is an advantage to being the first to invest and externalities to investing when others also do …

Strategic investment under uncertainty: A synthesis

B Chevalier-Roignant, CM Flath… - European Journal of …, 2011 - Elsevier
Investment is a central theme in economics, finance, and operational research. Traditionally,
the focus of analysis has been either on assessing the value of flexibility (investment under …