DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Lee, Sang-Bin | - |
dc.contributor.advisor | 이상빈 | - |
dc.contributor.author | Kim, Dae-Joong | - |
dc.contributor.author | 김대중 | - |
dc.date.accessioned | 2011-12-14T05:59:46Z | - |
dc.date.available | 2011-12-14T05:59:46Z | - |
dc.date.issued | 1992 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=60233&flag=dissertation | - |
dc.identifier.uri | http://hdl.handle.net/10203/44541 | - |
dc.description | 학위논문(석사) - 한국과학기술원 : 경영과학과, 1992.2, [ [ii], 29, [7] p. ] | - |
dc.description.abstract | Many investment projects have a sequential nature and maximum construction rate. Especially, the rate at which construction proceeds is usually flexible and can be adjusted during the construction. Further, the arrival of new information can reduce the uncertainty of projects resulting from learning. Traditional discounted cash flow criteria, especially based on a single discount rate, ignore this flexibiity and understate the value of the project. This paper derives the optimal investment decision rules and values such investment projects using contingent claims analysis. We will show how time to build and reduction of uncertainty affect on the investment decision. | eng |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.title | (The) effects of managerial flexibility on investment decision when there is a learning effect | - |
dc.title.alternative | 관리적 재량권이 투자의사결정에 미치는 영향 | - |
dc.type | Thesis(Master) | - |
dc.identifier.CNRN | 60233/325007 | - |
dc.description.department | 한국과학기술원 : 경영과학과, | - |
dc.identifier.uid | 000901040 | - |
dc.contributor.localauthor | Lee, Sang-Bin | - |
dc.contributor.localauthor | 이상빈 | - |
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