Valuation of multi-stage BOT projects involving dedicated asset investments: A sequential compound option approach

Yu-Lin Huang*, Chai Chi Pi

*此作品的通信作者

研究成果: Article同行評審

14 引文 斯高帕斯(Scopus)

摘要

The valuation of multi-stage build-operate-transfer projects is not a trivial task. It needs to deal with uncertain project values in future expansions and the possibility of expansions or abandonment in the presence of project risks. The valuation problem becomes more difficult when multi-stage projects require upfront and intermediate dedicated asset investments for future expansions. Dedicated asset investments may or may not create project values, depending on whether future expansions could be justified and realized. A sequential compound option model is proposed to tackle these important valuation issues.

原文English
頁(從 - 到)653-666
頁數14
期刊Construction Management and Economics
27
發行號7
DOIs
出版狀態Published - 19 11月 2009

指紋

深入研究「Valuation of multi-stage BOT projects involving dedicated asset investments: A sequential compound option approach」主題。共同形成了獨特的指紋。

引用此