Value-at-Risk Analysis for Real Options in Complex Engineered Systems
This paper presents a simple but powerful Real Options Valuation methodology suitable for valuing flexibility in complex engineered systems. It is based on value-at-risk analysis and relies on a standard discounted cash flow approach. A case study on the architecting of flexible satellite fleets is...
| Main Authors: | , , , , |
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
Massachusetts Institute of Technology. Engineering Systems Division
2016
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| Online Access: | http://hdl.handle.net/1721.1/102770 |