Title: A real options approach to project management
Authors: Boute, Robert ×
Demeulemeester, Erik
Herroelen, Willy #
Issue Date: May-2004
Publisher: Taylor & francis ltd
Series Title: International journal of production research vol:42 issue:9 pages:1715-1725
Abstract: When scheduling an uncertain project, project management can wait for additional (future) information to serve as the basis for rescheduling the project. This flexibility enhances the project's value by improving its upside potential while limiting downside losses relative to the initial expectations. Using traditional techniques such as net present value (NPV) or decision tree analysis (DTA) can often lead to misleading results. Instead, a real options analysis should be preferred. The potentials of a real options approach to project management are discussed with an example and future research directions are highlighted.
ISSN: 0020-7543
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center for Operations Management, Leuven
× corresponding author
# (joint) last author

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