Models for Appraising Investments Yielding Stochastic Return

This paper provides models for economic enterprises or projects whose returns vary randomly in time and which are subject to termination or “ruin” provided assets or net worth fall to a prescribed level. In particular, strategies for dealing with environmental changes, innovations, and catastrophe are considered.

• 저널Management Science · 11(9) · 815–830
• 토픽Financial Reporting and Valuation Research · Strategy and Management
• DOI10.1287/mnsc.11.9.815
• 저자Donald P. Gaver