Multiple volatility real option approach to investment under uncertainty

Atul Chandra

Research output: ThesisDoctoral Thesis

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Abstract

An innovative multiple volatility real options approach was developed to capture the value of flexibility in decision-making in investment projects exposed to multiple uncertainties. Specifically, the approach constructs a new real options decision-tree accommodating multiple uncertainties and contingent decision-making at various stages of a project. It provides practical solutions to the valuation of real-world projects subject to significant project-specific as well as market uncertainties, such as those in the resource sector. The thesis shows how this robust decision-making approach can create value for businesses both by allowing them to exploit opportunities and to avoid mistakes.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Supervisors/Advisors
  • Nair, Gopalan, Supervisor
  • Guj, Pietro, Supervisor
  • Harley, Peter, Supervisor
Thesis sponsors
Award date27 Mar 2018
DOIs
Publication statusUnpublished - 2018

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