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A Fuzzy Pay-Off Method for Real Option Valuation: Credibilistic Approach

Mikael Collan, Robert Fullér, József Mezei, A Fuzzy Pay-Off Method for Real Option Valuation: Credibilistic Approach. In: Yavuz Gunalay, Sukran Kadipasaoglu (Eds.), Proceedings of the 3rd International Conference on Applied Operational Research, Lecture Notes in Management Science 3, 267-276, Tadbir Operational Research Group Ltd, 2011.

Abstract:

Real option analysis offers interesting insights on the value of assets and on the profitability of investments, which has made real options a growing field of academic research and practical application. Real option valuation is, however, often found to be difficult to understand and to implement due to the quite complex mathematics involved. Recent advances in modeling and analysis methods have made real option valuation easier to understand and to implement. This paper extends the results of our earlier paper on fuzzy pay-off method for real option valuation by using credibility measures.

BibTeX entry:

@INPROCEEDINGS{inpCoFuMe11a,
  title = {A Fuzzy Pay-Off Method for Real Option Valuation: Credibilistic Approach},
  booktitle = {Proceedings of the 3rd International Conference on Applied Operational Research},
  author = {Collan, Mikael and Fullér, Robert and Mezei, József},
  volume = {3},
  series = {Lecture Notes in Management Science},
  editor = {Gunalay, Yavuz and Kadipasaoglu, Sukran},
  publisher = {Tadbir Operational Research Group Ltd},
  pages = {267-276},
  year = {2011},
  keywords = {Real option, possibility, credibility},
}

Belongs to TUCS Research Unit(s): Institute for Advanced Management Systems Research (IAMSR)

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