Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 28 for “"option value"”.
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Redevelopment option value for industrial property
This paper searches for the property value component due to existence of a redevelopment option. We do an empirical study based on over 6,600 industrial property transactions across United States from 2000 to 2018. This can be seen as a discovery journey of improving the methodology in identifying …
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Application of real options to reverse logistics process
In this thesis, real options are used to identify the optimal model for the reverse logistics process of a technology company in the circuit board business. Currently, customers return defective boards and the company repairs the boards and sends them back. Now that the new product cost is falling …
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Parking policy as a mechanism to reduce car ownership and use
… and Seattle metro areas, I find that people value their car at $11,197, and the majority of that value comes from owning the car, rather than from using it. The ownership value comes in part from the “option value,” that the car is sitting in a parking spot, waiting to be used whenever and …
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Essays in Nonparametric Econometrics
… regression methods for pricing American-type options. The central idea is to reduce bias and variance of existing estimators by combining two option value estimators both of them biased but in opposite direction. A Monte Carlo experiment demonstrates that the proposed method does indeed …
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Essays on the Macroeconomics of Labor Markets
… explanation is that uncertainty may raise firms’ option value of adopting a “wait and see” approach compared to posting vacancies. This mechanism is intuitively appealing, influential in the literature, and commonly viewed as having been formalized in the canonical search-and-matching model. Our …
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Political Economy of Immigration and Lobbying
… static model. Two antagonistic effects are the ""option value effect"" that is similar to the real option effect in the theory of investment decisions under uncertainty; and a ""defender discouragement effect"" that often makes change cheaper to achieve than in a comparable static model."
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A Financial Model to Assist New Therapeutics Development Decision Making
… While the biotech projects are most often valued with Discounted Cash Flow (DCF) methods, the risk and the phased development process of the biotech industry make it an ideal process to be valued by a real options approach. This thesis tries to use the binomial lattice method based Real …
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Option pricing in a path integral framework
… is an examination of methods for computing an option price using a path integral framework. The framework, developed by Chiarella, El-Hassan and Kucera, is based on the Black and Scholes paradigm. The path integral is backward recursive with the payoff known at expiry and has no closed form …
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Investment, Uncertainty, and the Impact of Real Options
… effect, compensates the firm for expending the option value of its decision. The valuation of capital is formed with estimates from the first stage estimation of a production function. Uncertainty is considered using the implied long term volatility from firm specific equity options contracts. …
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Essays in labor economics
… the worker's productivity. This information has option value as a productive novice can be rehired. However, if competing firms also observe the novice's productivity, the option value of hiring accrues to the worker, not the employer. Firms will accordingly under-invest in discovering novice …
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Interest-Rate Option Pricing Accounting For Jumps At Deterministic Times
… importance in the pricing of interest-rate options, especially during times of high volatility where increased demand is seen for simpler and lower risk investments. Recent interest has moved away from models of a pure continuous nature towards models that can account for discontinuities in …
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Private risk
… of methods for pricing unique risks in real options problems. This essay is a critical evaluation of how methods currently in vogue for pricing private risks affect real option value. We build a framework for valuing investments under uncertainty in the presence of private risks and …
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The Liberalization of Capital Outflows and Its Positive influence on capital inflows : modelsand empirical analysis
… to invest and withdraw their capitals. Their "option value" of investing after getting certain about the possible policies changes is lowered. Therefore, they will increase the investment from the beginning period. The second model is about the "signaling effect" of capital-outflow …
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The Effects of Dilutions and Payout Policy on Equity- and Stock-linked Call Options on a Firm with Leverage
… of changing capital-debt structures on the value of options. Backwell et al. (2022) developed a capital structure framework which, in addition to a typical structural model, specifically considers the number of outstanding shares. This allows for the differentiation between options on total …
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Flexibility in building design : a real options approach and valuation methodology to address risk
… decision-making methods, such as net present value and life-cycle costing, do not recognize uncertainty and the ability to make decisions in the future as uncertainties are resolved. The flexible design approach produces an improved design result by addressing the risks and opportunities …
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Supply chain planning decisions under demand uncertainty
… This research applies Monte Carlo simulation, value at risk and gain curve analysis, and real option analysis to investigate how the uncertainty of demands affects supply chain planning in order to make better supply chain investment decisions. This analytical framework was used to analyze the …
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Option approach to investment in modular nuclear electricity-generating capacity
… MPBR plant is analyzed as a sequence of compound options, where the construction of each single module provides the decision maker with the option to build the next module. The proposed valuation model uses an original binomial approach. We demonstrate that, at any point in time, the value of a …
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Managing choice in research and development
… technical communities and potential markets. The value of research and development (R&D) lies primarily in creating choices; R&D managers add value by managing choice effectively. An approach has been developed to align portfolio balance with strategic balance in managing R&D. A system dynamics …
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Metrics and methods of improving airline schedule reliability
… design. We define a reliability measure, the Option Value, and a way of comparing flights based on the reliability they are providing, via the Option Disruption Value. The idea of reliability is based on the concept of flight performance: a flight is more reliable if it is able to match or …
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Essays on Human Capital and Education Policy
… with poor grades, due to an increase in the option value of staying in college. We find that an increase in the college premium with the same magnitude as observed in the past 30 years explains more than half of the observed increase in TTD.
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