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Project evaluation in the presence of multiple embedded real options: evidence from the Taiwan High-Speed Rail Project

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  • Bowe, Michael
  • Lee, Ding Lun

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  • Bowe, Michael & Lee, Ding Lun, 2004. "Project evaluation in the presence of multiple embedded real options: evidence from the Taiwan High-Speed Rail Project," Journal of Asian Economics, Elsevier, vol. 15(1), pages 71-98, February.
    • Handle: RePEc:eee:asieco:v:15:y:2004:i:1:p:71-98
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    9. Trigeorgis, Lenos, 1991. "A Log-Transformed Binomial Numerical Analysis Method for Valuing Complex Multi-Option Investments," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 26(3), pages 309-326, September.
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    Cited by:

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    2. P Scarf & R Dwight & A McCusker & A Chan, 2007. "Asset replacement for an urban railway using a modified two-cycle replacement model," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(9), pages 1123-1137, September.
    3. Silaghi, Florina & Sarkar, Sudipto, 2021. "Agency problems in public-private partnerships investment projects," European Journal of Operational Research, Elsevier, vol. 290(3), pages 1174-1191.
    4. Michael Bowe & Konstantinos Vonatsos & Stephanos Zarkos, 2005. "Decision rules for allocating a limiting factor across products in a stochastic production environment: a real options approach," Accounting and Business Research, Taylor & Francis Journals, vol. 35(3), pages 183-205.
    5. Kangsoo Kim & Hyejin Cho & Donghyung Yook, 2019. "Financing for a Sustainable PPP Development: Valuation of the Contractual Rights under Exercise Conditions for an Urban Railway PPP Project in Korea," Sustainability, MDPI, vol. 11(6), pages 1-14, March.
    6. Engelen, Peter-Jan & Kool, Clemens & Li, Ye, 2016. "A barrier options approach to modeling project failure: The case of hydrogen fuel infrastructure," Resource and Energy Economics, Elsevier, vol. 43(C), pages 33-56.
    7. Oliveira, A. & Couto, G. & Pimentel, P., 2021. "Uncertainty and flexibility in infrastructure investments: Application of real options analysis to the Ponta Delgada airport expansion," Research in Transportation Economics, Elsevier, vol. 90(C).
    8. Carlos Andrés Zapata Quimbayo, 2020. "OPCIONES REALES Una guía teórico-práctica para la valoración de inversiones bajo incertidumbre mediante modelos en tiempo discreto y simulación de Monte Carlo," Books, Universidad Externado de Colombia, Facultad de Finanzas, Gobierno y Relaciones Internacionales, number 138, April.
    9. Kim, Kangsoo, 2020. "Robust Contract Conditions Under the Newly Introduced BTO-rs Scheme: Application to an Urban Railway Project," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 42(4), pages 117-138.
    10. Campbell, Rachel A. & Kräussl, Roman, 2006. "Does patience pay? Empirical testing of the option to delay accepting a tender offer in the US banking sector," CFS Working Paper Series 2006/32, Center for Financial Studies (CFS).
    11. Nakagawa, Dai & Hatoko, Masatoshi, 2007. "Reevaluation of Japanese high-speed rail construction: Recent situation of the north corridor Shinkansen and its way to completion," Transport Policy, Elsevier, vol. 14(2), pages 150-164, March.

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