Dissertation > Excellent graduate degree dissertation topics show

Analysis for Two Kinds of Real Options Models of Investments in Capabilities

Author: JiaJia
Tutor: YangMing
School: Huazhong University of Science and Technology
Course: Operational Research and Cybernetics
Keywords: investments in capabilities the real options approach the industry-based return switching of capability sets
CLC: F830.59
Type: Master's thesis
Year: 2011
Downloads: 15
Quote: 0
Read: Download Dissertation

Abstract


The capabilities can create the future resources, so study about the investments in capability is a hot issue of academic research in strategic management in nearly a decade. Existed research built a good base on the theory of capability explanation and qualitative analysis of investment in capabilities. By the model analysis and quantitative analysis, the paper build real option models of investment in capabilities, and give quantitative analysis about it. This paper considers the ideologies about creating firm-specific returns and investments in capability causing capability sets switching, and makes use of real option theory and the model framework, to establish investments model of investments in capability based on industry-based return and two-stage switching of capability sets ,then give the option value of investment from the model results. The paper discusses the effect of the industry-based return from investments in capabilities and the effect of switching on capability sets in two-stage investment model.This research mainly consists of three parts: the first part establishes investments model which separates the return into two components: the industry-based return and the firm-specific return, then discuss three sittings: fixed costs, varying costs of firm-specific which has linear relationship and the cost of random uncertainty. Based on results of the three different cost model, it discusses the influence of industry-based return to the decisions of investments in capabilities respectively. The second part gives a investment model of two-stage capability sets’switching, it studys from aspect of the modeling ideology, model description and model analysis. Applying real option value, the paper gives two-stage options evaluation and optimal investment decision. In the third part, it analyzes the results in the model of two-stage switching in capability sets,and study the influence of switching costs to investment decisions; we give the further consideration about the capability of a stage model of direct investment, compare one stage direct investment and two-stage switching from strategic angle. By applying dominant strategy ideology, we compare results of investment threshold, giving the investment decisions of the proposed business under different circumstances.

Related Dissertations

  1. A Theoretical and Empirical Study on IT Capability and It’s Relationship with Firm Performance,F270.7
  2. Research on Strategic Investment of Renewable Energy in Power Enterprises under Incentive Policies,F426.2
  3. Analysis of Exchange Rate Risk Based on Option Theory,F224
  4. Real Options Risk Investment Research,F830.59
  5. Real option valuation method reachability decision threshold Research,F224
  6. Real Option Theory in water conservancy construction project investment Decision,F407.91
  7. The Operational Risks of Project Investments and the Corresponding Strategies,F272
  8. Enterprise information technology investment real options analysis,F224
  9. Technology R&d Decision-making of the Joint Ventures in the Risk of Technology Spillovers,F273.1
  10. Fuzzy Trigeminal Tree Fricing Model of Real Options and Its Application,F830.59
  11. Risk Measurement and Optimal Steategy Selection of Portfolio Based on SV Model and COPULA,F830.59
  12. The Risk Measurement of the Portfolio Under Environment of Fractional Brownian Motion,F830.59
  13. Monte Carlo method based on Copula and portfolio risk measurement,F830.59
  14. Risk Analysis of Portfolio by Copula-SV Model,F830.59
  15. Portfolio Theory Applicated in the Foreign Exchange Market,F830.59;F224
  16. Goal-Directed Dynamic Portfolio Insurance Strategies Research,F830.59
  17. The Minimax Model for Portfolio Selection and Truncated Aggregate Homotopy Algorithm,F830.59
  18. Investment Portfolio Insurance Strategy and Numerical Study on CPPI,F830.59
  19. An Empirical Study of the investment is irreversible Option Investment Perspective,F830.59
  20. Application of CVaR Model Based on Genetic Algorithm to Portfolio,F830.59
  21. Two types of asset pricing model analysis of heterogeneous investors,F830.59
  22. Investor Heterogeneity and Behavior Selection,F830.59

CLC: > Economic > Fiscal, monetary > Finance, banking > Finance, banking theory > Investment
© 2012 www.DissertationTopic.Net  Mobile