Towards a Well-Founded Valuation of Managerial Flexibilities in IT Investment Projects - A Multidisciplinary Literature Review
Based on a multidisciplinary literature review, we discuss the assumptions implicit in the prevalent Black-Scholes model and argue for relaxed assumptions that better represent characteristics of uncertain IT projects.
2016-10-12
Decision Support for IT Investment Projects
Based on a thorough review of the literature, this paper discusses the assumptions of the Black-Scholes model and presents an advanced simulation model for the valuation of real options in IT investment projects.
2016-03-08