A technical note on "A fuzzy set approach for R&D portfolio selection using a real options valuation model" by Wang and Hwang (2007)
In this paper, three critical issues with the paper "A fuzzy set approach for R&D portfolio selection using a real options valuation model", coauthored by Wang and Hwang and published in Omega 2007 are addressed. Shortcomings of the original work are highlighted and corrective measures to improve the approach are proposed.
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Volume (Year): 39 (2011)
Issue (Month): 4 (August)
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References listed on IDEAS
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- Wang, Juite & Hwang, W.-L., 2007. "A fuzzy set approach for R&D portfolio selection using a real options valuation model," Omega, Elsevier, vol. 35(3), pages 247-257, June.
- Geske, Robert, 1979. "The valuation of compound options," Journal of Financial Economics, Elsevier, vol. 7(1), pages 63-81, March.
- Driouchi, Tarik & Leseure, Michel & Bennett, David, 2009. "A robustness framework for monitoring real options under uncertainty," Omega, Elsevier, vol. 37(3), pages 698-710, June.
- Graves, Samuel B. & Ringuest, Jeffrey L., 2009. "Probabilistic dominance criteria for comparing uncertain alternatives: A tutorial," Omega, Elsevier, vol. 37(2), pages 346-357, April.