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Full-Text Articles in Business
Bicriterion Decision Making Under Uncertainty: An Interactive Approach, Gary Klein, Herbert Moskowitz, A. Ravindran
Bicriterion Decision Making Under Uncertainty: An Interactive Approach, Gary Klein, Herbert Moskowitz, A. Ravindran
Historical Working Papers
Theory of mutual efficiency is defined and explored as it applies to multiple outcome, multiple criteria problems in decision-making.
Solution Strategies And Algorithm Behavior In Large-Scale Network Codes, Richard S. Barr
Solution Strategies And Algorithm Behavior In Large-Scale Network Codes, Richard S. Barr
Historical Working Papers
No abstract provided.
Budgeting Capital For R & D: An Application Of Option Pricing, John W. Kensinger
Budgeting Capital For R & D: An Application Of Option Pricing, John W. Kensinger
Historical Working Papers
This paper presents the insight that R&R investments are "natural" options, and examines the extent to which they can be valued using currently available option pricing models. The nature of the industrial research effort determines whether the appropriate model is based on a diffusion process or a jump process. The option model based on the former is sufficiently developed to satisfactorily deal with the direct benefits of R&D, while the model base on the latter presents several problems. Furthermore, indirect benefits are not captured in these models. These applications and shortcomings are examined in detail in the hope of not …