REFERENCES
- Amram , M. and Kulatilaka , N. 1999 . Real options—managing strategic investments in an uncertain world , Boston : Harvard Business School Press .
- Block , S. 2007 . Are “real options” actually used in the real world? . The Engineering Economist , 52 ( 3 ) : 255 – 267 .
- Borison , A. 2003 . Real options analysis: where are the Emperor's clothes? Available at: http://www.realoptions.org/abstracts/abstracts03.html (accessed July 5, 2011).
- Carmichael , D. G. 2006 . Project planning, and control , London : Taylor & Francis .
- Carmichael , D. G. 2011 . An alternative approach to capital investment appraisal . The Engineering Economist , 56 ( 2 ) : 123 – 139 .
- Carmichael , D. G. and Balatbat , M. C.A. 2008a . Probabilistic DCF analysis and capital budgeting and investment—a survey . The Engineering Economist , 53 ( 1 ) : 84 – 102 .
- Carmichael , D. G. and Balatbat , M. C.A. 2008b . The influence of extra projects on overall investment feasibility . Journal of Financial Management of Property and Construction , 13 ( 3 ) : 161 – 175 .
- Carmichael , D. G. and Balatbat , M. C.A. 2011 . Risk associated with managed investment primary production projects . International Journal of Project Organisation and Management , 3 ( 3/4 ) : 273 – 289 .
- Copeland , T. and Antikarov , V. 2001 . Real options: a practitioner's guide , New York : Texere .
- Damodaran , A. 1999 . The promise and peril of real options , New York : Stern School of Business .
- Damodaran , A. 2002 . Investment valuation: tools and techniques for determining the value of any asset , 2nd ed. , New York : John Wiley & Sons .
- Damodaran , A. 2008 . Strategic risk taking , NJ : Wharton School Publishing, Upper Saddle River .
- Eschenbach , T. G. , Lewis , N. A. and Hartman , J. C. 2009 . Waiting cost models for real options . The Engineering Economist , 54 ( 1 ) : 1 – 21 .
- Hillier , F. S. 1963 . The derivation of probabilistic information for the evaluation of risky investments . Management Science , 9 ( 3 ) : 443 – 457 .
- Hillier , F. S. 1969 . The evaluation of risky interrelated investments , Amsterdam : North-Holland .
- Howell , S. , Stark , A. , Newton , D. P. , Paxson , D. A. , Cavus , M. , Azevedo-Pereira , J. and Patel , K. 2001 . Real options , London : Pearson Education Limited .
- Hull , J. C. 1997 . Options, futures, and other derivatives , NJ : Prentice-Hall, Englewood Cliffs .
- Hull , J. C. 2002 . Options, futures and other derivatives , 5th ed. , NJ : Prentice Hall, Englewood Cliffs .
- Johar , K. , Carmichael , D. G. and Balatbat , M. C.A. 2010 . A study of correlation aspects in probabilistic NPV analysis . The Engineering Economist , 55 ( 2 ) : 181 – 199 .
- Kodukula , P. and Papudesu , C. 2006 . Project valuation using real options: a practitioner's guide , FL : J. Ross Publishing Inc., Fort Lauderdale .
- Lewis , N. A. , Eschenbach , T. G. and Hartman , J. C. 2008 . Can we capture the value of option volatility? . The Engineering Economist , 53 ( 3 ) : 230 – 258 .
- Mathews , S. and Datar , V. 2007 . A practical method for valuing real options: the Boeing approach . Journal of Applied Corporate Finance , 19 ( 2 ) : 94 – 104 .
- Myers , S. C. 1977 . Determinants of corporate borrowing . Journal of Financial Economics , 5 ( 2 ) : 147 – 175 .
- Nielsen , L. T. 1992 . Understanding N(d1) and N(d2): risk-adjusted probabilities in the Black-Scholes model , France : Insead, Fontainebleau .
- Reuer , J. J. and Tong , T. W. 2007 . Real options theory , Oxford : JAI Press .
- Trigeorgis , L. 1996 . Real options , Cambridge : MIT Press . MA.
- Trigeorgis , L. 2005 . Making use of real options simple: an overview and applications in flexible/modular decision making . The Engineering Economist , 50 ( 1 ) : 25 – 53 .
- Tung , Y. K. 1992 . Probability distribution for benefit/cost ratio and net benefit . Journal of Water Resources Planning and Management , 118 ( 2 ) : 133 – 150 .
- van Putten , A. B. and MacMillian , I. C. 2004 . Making real options really work . Harvard Business Review , : 134 – 141 . December
- Wagle , B. 1967 . A statistical analysis of risk in capital investment projects . Operational Research Society , 18 ( 1 ) : 13 – 33 .
- Yip , H. 2005 . Spreadsheet applications to securities valuation and investment theories , Sydney : John Wiley & Sons Ltd .