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Project Valuation for the Strategic Management of Research and Development: The Abandonment Option

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dc.contributor.author Lewis, Neal en_US
dc.contributor.author Spurlock, David en_US
dc.date.accessioned 2014-07-16T16:56:59Z
dc.date.available 2014-07-16T16:56:59Z
dc.date.issued 2003 en_US
dc.identifier.uri https://scholarworks.bridgeport.edu/xmlui/handle/123456789/769
dc.description.abstract The most widely used technique for evaluating projects is discounted cash flow. However, discounted cash flow analysis fails to consider flexibility. Real options analysis offers an alternative technique that provides value for the inherent managerial flexibility that most R&D projects contain. This paper investigates the abandonment option using computer simulation. There are five variables that determine the value of the abandonment option, and simulations analyze these variables over a wide range of conditions. en_US
dc.language.iso en_US en_US
dc.publisher American Society for Engineering Management en_US
dc.subject Engineering en_US
dc.subject Engineering management en_US
dc.subject Research and development en_US
dc.title Project Valuation for the Strategic Management of Research and Development: The Abandonment Option en_US
dc.type Article en_US
dc.event.name American Society for Engineering Management 2003 National Conference en_US


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