title: Analysis of R&D Innovation Projects with Embedded Real Options
metadata.name: dc.contributor.author
metadata.value: Telekhov, Ignatii I.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2016-12-20T09:51:08Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2016-12-20T09:51:08Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2016-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Telekhov I. I. Analysis of R&D Innovation Projects with Embedded Real Options. St Petersburg University Journal of Economic Studies, 2016, issue 3, pp. 155–175.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/11701/ spbu05.2016.309
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/5808
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: This article addresses the issue of innovation project valuation in the presence of embedded real options. It provides a review of real options analysis schemes present in the literature. We show that different authors propose similar sequences of stages of real options valuation, but devote much less attention to planning of real options execution and developing rules of switching between stages. Based on this comparison an innovation project analysis algorithm with embedded real options is proposed. The specific features of this algorithm are as follows: it augments real options valuation with the analysis of conditions of their implementation; development of plan of real options implementation management and design of ties system between different stages of the algorithm. We use a hypothetical example to show the work of the proposed algorithm.
  Refs 26. Figs 4.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: innovations
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: innovation projects
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: investments
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: innovations management
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: real options
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: R&D investment project analysis
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Analysis of R&D Innovation Projects with Embedded Real Options
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 09-Telekhov.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/5808/1/09-Telekhov.pdf
resources.format: Adobe PDF
resources.size: 1,17 MB