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Keywords: real options analysis
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Journal Articles
Article Type: Research Papers
ASME J. Risk Uncertainty Part B. March 2015, 1(1): 011004.
Paper No: RISK-14-1007
Published Online: February 27, 2015
... of missions and new technological opportunities push the limits of current experience, a more rigorous approach is needed. This paper describes a novel framework for evaluating flexibility in noncommercial engineering systems called prospect theory-based real options analysis (PB-ROA). While this research...