Real R & D Options
eBook - PDF

Real R & D Options

  1. 333 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Real R & D Options

About this book

Real R&D options are among the earliest modelled real options, with now ten primary practical uses: general R&D planning, planning R&D in stages, evaluating test information, new product development timing, operations, abandonment, risk sharing, market funding, industry strategy and regulation. This book was partly motivated by requests to identify and develop real option models for R&D in telecommunications, petroleum technology and biotechnology. Nine new models cover information and implementation costs, analytical solutions for mean reverting, or fat tailed revenues, endogenous learning and exogenous and experiential shocks, American sequential options, and innovator advantages. Four new applications include forward start development options, exploration options, innovation with information costs, and innovator's real values with changing market share. R&D directors and researchers will find several uses for these models: - general R&D planning - evaluating test information - new product development timing - risk sharing - industry strategy and regulation - A practical guide to how organizations can use Real Option techniques to effectively value research and development by companies - Provides a rigorous theoretical underpinning of the use of Real Option techniques - Real Options applications are orientated around the economies of North America, Europe and Asia, for an international perspective

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Yes, you can access Real R & D Options by Dean Paxson in PDF and/or ePUB format, as well as other popular books in Business & Financial Accounting. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Butterworth-Heinemann
Year
2002
Print ISBN
9780750653329
eBook ISBN
9780080497976
Topic
Business
Subtopic
Financial Accounting
Index
Business

Table of contents

  1. Cover
  2. Real R&D Options
  3. Copyright Page
  4. Contents
  5. List of contributors
  6. Chapter 1. Introduction to real R&D options
  7. Chapter 2. On irreversibility, sunk costs and investment under incomplete information
  8. Chapter 3. Investment under economic and implementation uncertainty
  9. Chapter 4. An options approach to new product development: experience from Philips Electronics
  10. Chapter 5. Analytic solutions for the value of the option to (dis)invest
  11. Chapter 6. Studentā€™s distribution and the value of real options
  12. Chapter 7. Real R&D options with endogenous and exogenous learning
  13. Chapter 8. Approximate valuation of real R&D American sequential exchange options
  14. Chapter 9. Optimal exploration investments under price and geologicalā€“technical uncertainty: a real options model
  15. Chapter 10. Investments in technological innovations under incomplete information
  16. Chapter 11. The effect of first-moverā€™s advantages on the strategic exercise of real options
  17. Chapter 12. Leader/follower real value functions if the market share follows a birth/death process
  18. Chapter 13. R&D investment decision and optimal subsidy
  19. Chapter 14. Optimal R&D investment tax credits under mean reversion return
  20. Chapter 15. Genzyme Biosurgery: a virtual real R&D option case
  21. Chapter 16. Selective review of real R&D options literature
  22. Index