Title:
Real Option Valuation of R&D Projects: Consideration of Portfolio Effects
Real Option Valuation of R&D Projects: Consideration of Portfolio Effects
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Author(s)
Linquiti, Peter
Vonortas, Nicholas
Vonortas, Nicholas
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Abstract
This analysis focuses on portfolios of R&D projects, rather than individual R&D projects. It explores the effect of portfolio diversification on risk and identifies both theoretical and practical considerations relevant to the portfolio formation process. A Monte Carlo simulation of a hypothetical R&D portfolio is used to illustrate implications for policymakers.
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Date Issued
2011-09-15
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Text
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Proceedings