Real R & D Options (Quantitative Finance)

by Dean Paxson

Dean Paxson (Editor)

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Book cover for Real R & D Options

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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
  • ISBN10 0080497977
  • ISBN13 9780080497976
  • Publish Date 14 May 2014 (first published 1 January 2002)
  • Publish Status Active
  • Publish Country GB
  • Imprint Butterworth-Heinemann
  • Format eBook
  • Pages 344
  • Language English