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- Title
European Option Based R&D Investment Decision Making under Uncertainties.
- Authors
Miao, Qing; Cao, Boyang; Jiang, Minghui
- Abstract
This paper establishes the payoff models of the European option for research and development (R&D) projects with two enterprises in a research joint venture (RJV). The models are used to assess the timing and payoffs of the R&D project investment under quantified uncertainties. After the option game, the two enterprises can make optimal investment decision for the R&D project investment in the RJV.
- Subjects
OPTIONS (Finance); RESEARCH &; development; INVESTMENTS; ECONOMIC decision making; UNCERTAINTY (Information theory); BRIBERY
- Publication
Mathematical Problems in Engineering, 2015, p1
- ISSN
1024-123X
- Publication type
Article
- DOI
10.1155/2015/125796