Application real options infrastructure projects
In all large engineering and infrastructure projects, valuation constitutes an important step during the initial stage as each stakeholder assesses the prospect of his/her investment. The complexity of valuation increases dramatically in the face of uncertainty especially when the risks are dynamic...
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| Format: | Research Report |
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2008
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| Online Access: | http://hdl.handle.net/10356/5200 |
| _version_ | 1824453717469954048 |
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| author | Cheah, Charles Yuen Jen. |
| author2 | School of Civil and Environmental Engineering |
| author_facet | School of Civil and Environmental Engineering Cheah, Charles Yuen Jen. |
| author_sort | Cheah, Charles Yuen Jen. |
| collection | NTU |
| description | In all large engineering and infrastructure projects, valuation constitutes an important step during the initial stage as each stakeholder assesses the prospect of his/her investment. The complexity of valuation increases dramatically in the face of uncertainty especially when the risks are dynamic and stochastic in nature. To react to these uncertainties, project stakeholders and managers often changes their strategy of operation along the way as new information arrives. Conventional valuation methods, such as the Net Present Value (NPV) or Discounted Cash Flow (DCF) methods, often fail to capture the value of such operational flexibility. This results in an inaccurate assessment of the value of a project to a particular stakeholder. |
| first_indexed | 2025-02-19T03:10:51Z |
| format | Research Report |
| id | ntu-10356/5200 |
| institution | Nanyang Technological University |
| last_indexed | 2025-02-19T03:10:51Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | ntu-10356/52002023-03-03T16:46:49Z Application real options infrastructure projects Cheah, Charles Yuen Jen. School of Civil and Environmental Engineering DRNTU::Engineering::Civil engineering::Construction management In all large engineering and infrastructure projects, valuation constitutes an important step during the initial stage as each stakeholder assesses the prospect of his/her investment. The complexity of valuation increases dramatically in the face of uncertainty especially when the risks are dynamic and stochastic in nature. To react to these uncertainties, project stakeholders and managers often changes their strategy of operation along the way as new information arrives. Conventional valuation methods, such as the Net Present Value (NPV) or Discounted Cash Flow (DCF) methods, often fail to capture the value of such operational flexibility. This results in an inaccurate assessment of the value of a project to a particular stakeholder. 2008-09-17T10:31:48Z 2008-09-17T10:31:48Z 2006 2006 Research Report http://hdl.handle.net/10356/5200 Nanyang Technological University application/pdf |
| spellingShingle | DRNTU::Engineering::Civil engineering::Construction management Cheah, Charles Yuen Jen. Application real options infrastructure projects |
| title | Application real options infrastructure projects |
| title_full | Application real options infrastructure projects |
| title_fullStr | Application real options infrastructure projects |
| title_full_unstemmed | Application real options infrastructure projects |
| title_short | Application real options infrastructure projects |
| title_sort | application real options infrastructure projects |
| topic | DRNTU::Engineering::Civil engineering::Construction management |
| url | http://hdl.handle.net/10356/5200 |
| work_keys_str_mv | AT cheahcharlesyuenjen applicationrealoptionsinfrastructureprojects |