The Analysis of Patent Option for RDA Project Valuation
This paper proposes an application of the option valuation approach to evaluate a project investment in three stages: research (R), development (D) and acquisition (A). To reflect different correlation and effect of each type of uncertainty on option values and, consequently, investment decisions, t...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
The Japan Society of Mechanical Engineers
2010-06-01
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Series: | Journal of Advanced Mechanical Design, Systems, and Manufacturing |
Subjects: | |
Online Access: | https://www.jstage.jst.go.jp/article/jamdsm/4/3/4_3_683/_pdf/-char/en |