891 research outputs found
Un duale del teorema di Savage di rappresentazione di preferenze mediante funzionali lineari
No full textRappresentazione di preferenze su progetti finanziari mediante funzionali con utilità prefissata
No full text
Valuing Modularity as a Real Option
No full textWe provide a general valuation approach for capital budgeting decisions involving the modularization in the design of a system. Within the framework developed by Baldwin and Clark (Baldwin, C. Y., K. B. Clark. 2000. Design Rules: The Power of Modularity. MIT Press, Cambridge, MA), we implement a valuation approach using a numerical procedure based on the least-squares Monte Carlo method proposed by Longstaff and Schwartz (Longstaff, F. A., E. S. Schwartz. 2001. Valuing American options by simulation: A simple least-squares approach. Rev. Financial Stud. 14(1) 113–147). The approach is accurate, general, and flexible
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