IDEAS home Printed from https://ideas.repec.org/a/ega/rafega/201207.html
   My bibliography  Save this article

Valuación financiera de proyectos de inversión en la industria hotelera con opciones reales

Author

Listed:
  • Arturo Lorenzo Valdés

    (Instituto Tecnológico y de Estudios Superiores de Monterrey)

  • Sara Barajas Cortés

    (Instituto Tecnológico y de Estudios Superiores de Monterrey)

  • Wulfrano Gómez Gallardo

    (Instituto Tecnológico y de Estudios Superiores de Monterrey)

Abstract

This paper applies the methodology of real options to value investment to expand the services of a hotel. The project value is estimated through the traditional method of net present value (NPV) and rejected it. Subsequently assessing the project with the expansion option and this is accepted. We present different approaches to calculate the volatility is one of the factors necessary to use the methodology of real options

Suggested Citation

  • Arturo Lorenzo Valdés & Sara Barajas Cortés & Wulfrano Gómez Gallardo, 2012. "Valuación financiera de proyectos de inversión en la industria hotelera con opciones reales," Revista de Administración, Finanzas y Economía (Journal of Management, Finance and Economics), Tecnológico de Monterrey, Campus Ciudad de México, vol. 6(2), pages 51-62.
    • Handle: RePEc:ega:rafega:201207
    as

    Download full text from publisher

    File URL: http://alejandria.ccm.itesm.mx/egap/documentos/2012V6A7Lorenzo-Barajas-Gomez.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Valuación de proyectos; Opciones reales; Volatilidad; Monte Carlo;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ega:rafega:201207. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: José Antonio Núñez (email available below). General contact details of provider: https://edirc.repec.org/data/emitemx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.