VALUATION OF REAL PROJECTS USING OPTION PRICING TECHNIQUES

被引：5
|
作者：
DENTSKEVICH, P
SALKIN, G
机构：
[1] Imperial College, London
来源：
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE | 1991年 / 19卷 / 04期
关键词：
OPTIONS; DCF; ASSET VALUATION;
D O I：
10.1016/0305-0483(91)90040-Z
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
Over the past few years there have been a number of papers concerned with the pricing of options on real assets. The majority of these draw directly from the work done in the financial sectors. This paper discusses some of the deficiencies of traditional discounted cash flow (DCF) techniques before using the basic framework of the binomial option pricing methodology of Cox et al. [2] to derive a clear and consistent technique for the valuation of real hydrocarbon reserves.
引用
收藏
页码：207 / 222
页数：16
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