DocumentCode
3039442
Title
A Fuzzy Pay-Off Method for Real Option Valuation
Author
Collan, Mikael ; Fullér, Robert ; Mezei, József
Author_Institution
IAMSR, Abo Akademi Univ., Turku, Finland
fYear
2009
fDate
24-26 July 2009
Firstpage
165
Lastpage
169
Abstract
This paper presents a new method (fuzzy pay-off method) for real option valuation using fuzzy numbers that is based on findings from earlier real option valuation methods and from fuzzy real option valuation. The method is intuitive to understand and far less complicated than any previous real option valuation model to date. The paper also presents the use of triangular and trapezoidal fuzzy numbers with the method.
Keywords
finance; fuzzy set theory; number theory; financial options; fuzzy pay-off method; fuzzy real option valuation; real option valuation methods; trapezoidal fuzzy numbers; triangular fuzzy numbers; Computer science; Cost accounting; Decision making; Fuzzy sets; Humans; Investments; Monte Carlo methods; Numerical analysis; Probability distribution; Uncertainty; Fuzzy Numbers; Fuzzy Real Options; Real Option Valuation;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Intelligence and Financial Engineering, 2009. BIFE '09. International Conference on
Conference_Location
Beijing
Print_ISBN
978-0-7695-3705-4
Type
conf
DOI
10.1109/BIFE.2009.47
Filename
5208910
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