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Real R & D Options

  • 1st Edition - December 5, 2002
  • Editor: Dean Paxson
  • Language: English
  • Hardback ISBN:
    9 7 8 - 0 - 7 5 0 6 - 5 3 3 2 - 9
  • eBook ISBN:
    9 7 8 - 0 - 0 8 - 0 4 9 7 9 7 - 6

Real R&D options are among the earliest modelled real options, with now ten primary practical uses: general R&D planning, planning R&D in stages, evaluating test in… Read more

Real R & D Options

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Real R&D options are among the earliest modelled real options, with now ten primary practical uses: general R&D planning, planning R&D in stages, evaluating test information, new product development timing, operations, abandonment, risk sharing, market funding, industry strategy and regulation.

This book was partly motivated by requests to identify and develop real option models for R&D in telecommunications, petroleum technology and biotechnology. Nine new models cover information and implementation costs, analytical solutions for mean reverting, or fat tailed revenues, endogenous learning and exogenous and experiential shocks, American sequential options, and innovator advantages. Four new applications include forward start development options, exploration options, innovation with information costs, and innovator's real values with changing market share.

R&D directors and researchers will find several uses for these models:

general R&D planning

evaluating test information

new product development timing

risk sharing

industry strategy and regulation