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The valuation of Egyptian power plants using real options analysis / Heba Youssef M. Hashem ; Supervised Alaa Essam Elshazly

By: Contributor(s): Material type: TextTextLanguage: English Publication details: Cairo : Heba Youssef Mohamed Hashem , 2014Description: 153 P. : photographs ; 25cmOther title:
  • تقييم محطات توليد الكهرباء المصرية باستخدام تحليل الخيارات الحقيقية [Added title page title]
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  • Issued also as CD
Dissertation note: Thesis (Ph.D.) - Cairo University - Faculty of Economics and Political Science - Department of Economics Summary: Traditional discounted cash flow approaches do not take into account managerial flexibility to change the initial business strategy due to unexpected market developments. Thus, it has severe limitations in the valuation of large scale investments that are characterized by uncertainty and irreversibility. As a result, real options analysis (ROA) has become increasingly used in practice as a complementary approach to overcome these limitations. ROA has an advantage over traditional methods since it takes uncertainties into account and allows for flexibility to respond to them. A further advantage of ROA is that it does not only compute the option value of the investment but also it identifies the iptimal timing to exercise the option
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Item type Current library Home library Call number Copy number Status Date due Barcode
Thesis Thesis قاعة الرسائل الجامعية - الدور الاول المكتبة المركزبة الجديدة - جامعة القاهرة Cai01.03.02.Ph.D.2014.He.V (Browse shelf(Opens below)) Not for loan 01010110065517000
CD - Rom CD - Rom مخـــزن الرســائل الجـــامعية - البدروم المكتبة المركزبة الجديدة - جامعة القاهرة Cai01.03.02.Ph.D.2014.He.V (Browse shelf(Opens below)) 65517.CD Not for loan 01020110065517000

Thesis (Ph.D.) - Cairo University - Faculty of Economics and Political Science - Department of Economics

Traditional discounted cash flow approaches do not take into account managerial flexibility to change the initial business strategy due to unexpected market developments. Thus, it has severe limitations in the valuation of large scale investments that are characterized by uncertainty and irreversibility. As a result, real options analysis (ROA) has become increasingly used in practice as a complementary approach to overcome these limitations. ROA has an advantage over traditional methods since it takes uncertainties into account and allows for flexibility to respond to them. A further advantage of ROA is that it does not only compute the option value of the investment but also it identifies the iptimal timing to exercise the option

Issued also as CD

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