Tags
Language
Tags
<<
July 2025
Su Mo Tu We Th Fr Sa
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
    Attention❗ To save your time, in order to download anything on this site, you must be registered 👉 HERE. If you do not have a registration yet, it is better to do it right away. ✌

    ( • )( • ) ( ͡⚆ ͜ʖ ͡⚆ ) (‿ˠ‿)
    SpicyMags.xyz
    1. Home
    2. eBooks & eLearning
    3. Real Options Valuation: The Importance of Stochastic Process Choice in Commodity Price Modelling

    Real Options Valuation: The Importance of Stochastic Process Choice in Commodity Price Modelling

    Posted By: DZ123
    Date: 30 Jul 2019 17:40:25
    Real Options Valuation: The Importance of Stochastic Process Choice in Commodity Price Modelling

    Max Schöne, "Real Options Valuation: The Importance of Stochastic Process Choice in Commodity Price Modelling"
    English | 2014 | ISBN: 3658074922 | PDF | pages: 114 | 2.1 mb

    The Author shows that modelling the uncertain cash flow dynamics of an investment project deserves careful attention in real options valuation. Focusing on the case of commodity price uncertainty, a broad empirical study reveals that, contrary to common assumptions, prices are often non-stationary and exhibit non-normally distributed returns. Subsequently, more realistic stochastic volatility, jump diffusion, and Lévy processes are evaluated in the context of a stylised investment project. The valuation results suggest that stochastic process choice can have substantial implications for valuation results and optimal investment rules.
    UPWARDS