Strategic construction mechatronics valuation: A real option-pricing approach.
(2002)
Journal Article
Taylor, M. D., & Wamuziri, S. (2002). Strategic construction mechatronics valuation: A real option-pricing approach. Journal of Financial Management of Property and Construction, 7, 75-90
This paper presents the application of real option-pricing theory to the appraisal of advanced construction technology (ACT) investment opportunities. Discounted cash flow appraisal techniques alone do not take into account managerial investment flex... Read More about Strategic construction mechatronics valuation: A real option-pricing approach..