J. Barry Lin and Anthony F. Herbst Department of Economics Finance College...  Home/Search
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Abstract: Businesses constantly make strategic changes in response to changes in business environment. Conventional NPV!based capital budgeting does not account for the value of such strategic flexibility, and thus leads to under!investment. This case applies real option theory of modern finance, and analyzes embedded real options within the framework of a fish farming!tourist/recreational operation. Numerical examples are given to illustrate the optimal exercise of strategic options, calculation of... (Update)
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BibTeX entry: (Update)
@misc{ and-tutorial,
author = "Barry Lin And",
title = "A Tutorial on Strategic Real Options --- Tourist/Recreational Fishing in
Taiwan",
url = "citeseer.ist.psu.edu/521833.html" }
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