Real options in a systemic approach to the timing problem in development projects
Journal Title: Operations Research and Decisions - Year 2015, Vol 25, Issue 3
Abstract
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.
Authors and Affiliations
Krzysztof TARGIEL
Keywords
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