European Option Based R&D Investment Decision Making under Uncertainties

Qing Miao; Boyang Cao; Minghui Jiang

doi:10.1155/2015/125796

European Option Based R&D Investment Decision Making under Uncertainties

Qing Miao
, Boyang Cao^*
, Minghui Jiang

^*Corresponding author for this work

Yanshan University
School of Management, Harbin Institute of Technology

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

This paper establishes the payoff models of the European option for research and development (R&D) projects with two enterprises in a research joint venture (RJV). The models are used to assess the timing and payoffs of the R&D project investment under quantified uncertainties. After the option game, the two enterprises can make optimal investment decision for the R&D project investment in the RJV.

Original language	English
Article number	125796
Journal	Mathematical Problems in Engineering
Volume	2015
DOIs	https://doi.org/10.1155/2015/125796
State	Published - 2015
Externally published	Yes

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SDG 9 Industry, Innovation, and Infrastructure

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10.1155/2015/125796

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@article{290a9e2a32be4618bb67aecf9280c8a2,

title = "European Option Based R\&D Investment Decision Making under Uncertainties",

abstract = "This paper establishes the payoff models of the European option for research and development (R\&D) projects with two enterprises in a research joint venture (RJV). The models are used to assess the timing and payoffs of the R\&D project investment under quantified uncertainties. After the option game, the two enterprises can make optimal investment decision for the R\&D project investment in the RJV.",

author = "Qing Miao and Boyang Cao and Minghui Jiang",

note = "Publisher Copyright: {\textcopyright} 2015 Qing Miao et al.",

year = "2015",

doi = "10.1155/2015/125796",

language = "英语",

volume = "2015",

journal = "Mathematical Problems in Engineering",

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T1 - European Option Based R&D Investment Decision Making under Uncertainties

AU - Miao, Qing

AU - Cao, Boyang

AU - Jiang, Minghui

PY - 2015

Y1 - 2015

N2 - This paper establishes the payoff models of the European option for research and development (R&D) projects with two enterprises in a research joint venture (RJV). The models are used to assess the timing and payoffs of the R&D project investment under quantified uncertainties. After the option game, the two enterprises can make optimal investment decision for the R&D project investment in the RJV.

AB - This paper establishes the payoff models of the European option for research and development (R&D) projects with two enterprises in a research joint venture (RJV). The models are used to assess the timing and payoffs of the R&D project investment under quantified uncertainties. After the option game, the two enterprises can make optimal investment decision for the R&D project investment in the RJV.

UR - https://www.scopus.com/pages/publications/84947475102

U2 - 10.1155/2015/125796

DO - 10.1155/2015/125796

M3 - 文章

AN - SCOPUS:84947475102

SN - 1024-123X

VL - 2015

JO - Mathematical Problems in Engineering

JF - Mathematical Problems in Engineering

M1 - 125796

ER -

European Option Based R&D Investment Decision Making under Uncertainties

Abstract

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