Real Options in a Systemic Approach to the Timing Problem in Development Projects
The management environment at the beginning of the XXI century is characterized by high volatility. Development projects should take into account not only certain deliverables but also any opportunities that may arise. These opportunities are called real options. The paper describes a systems approa...
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| Format: | Article |
| Language: | English |
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Wrocław University of Science and Technology
2015-01-01
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| Series: | Operations Research and Decisions |
| Online Access: | http://orduser.pwr.wroc.pl/DownloadFile.aspx?aid=1171 |
| Summary: | The management environment at the beginning of the XXI century is characterized by high volatility. Development projects should take into account not only certain deliverables but also any opportunities that may arise. These opportunities are called real options. The paper describes a systems approach to various types of real options that can be found in a project's environment. A method is presented for using such options in the timing problem. (original abstract) |
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| ISSN: | 2081-8858 2391-6060 |