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Financial Market Dissertations

P/F/222. Masters Dissertation. Real Options and their application for investment decision ? making in shipping industry

WORDS:
5500
DATE:
2004
PRICE:
59.99 GBP

This paper examines the ways, real options can be applied in the shipping industry. The Ornstein-Uhlenbeck process and Brownian motion using Dixits entry are used to define two models for operation/abandonment and investment. These options are valued and the investment and abandonment thresholds are determined. Next, the two used processes are compared in terms of best in shipping industry applying. Numerical approaches are used throughout the work, with the use of explicit difference method for the comparative analysis, and Matlab environment is used in order to get values and graphs. Finally, the paper concludes by outlining the shipping industry specificity within the global environment, and highlighting the role of real options in investment decision ? making.

 

KEYWORDS: f, masters, dissertation, real, options, application, investment, decision, shipping, industry,

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