Real Options: A proposal to assess R&D projects at agricultural public research centers

Graciela Luzia Vedovoto; Diego Prior

doi:https://doi.org/10.1016/S0186-1042(15)72150-9

Real Options: A proposal to assess R&D projects at agricultural public research centers

Graciela Luzia Vedovoto, Diego Prior

Research output: Contribution to journal › Article › Research › peer-review

4 Citations (Scopus)

Abstract

© 2015 Universidad Nacional Autónoma de México. Investment decisions in research and development (R&D) are important to the success of organizations, especially for public research. This paper evaluates an R&D project (seed breeding) using the traditional method, the Net Present Value, and the more contemporaneous technique of real options. Economic Surplus Theory and Monte Carlo simulations are used to estimate social benefits. The results indicate that the real-options approach is a useful tool for assessing R&D public projects.

Original language	English
Pages (from-to)	145-179
Journal	Contaduria y Administracion
Volume	60
Issue number	1
DOIs	https://doi.org/10.1016/S0186-1042(15)72150-9 https://doi.org/10.1016/s0186-1042(15)72150-9
Publication status	Published - 1 Jan 2015

Keywords

Project valuation
Public research
Real options

Access to Document

https://ddd.uab.cat/record/140559

Cite this

@article{388bc218a36c4da0aabb80551da95902,

title = "Real Options: A proposal to assess R&D projects at agricultural public research centers",

abstract = "{\textcopyright} 2015 Universidad Nacional Aut{\'o}noma de M{\'e}xico. Investment decisions in research and development (R&D) are important to the success of organizations, especially for public research. This paper evaluates an R&D project (seed breeding) using the traditional method, the Net Present Value, and the more contemporaneous technique of real options. Economic Surplus Theory and Monte Carlo simulations are used to estimate social benefits. The results indicate that the real-options approach is a useful tool for assessing R&D public projects.",

keywords = "Project valuation, Public research, Real options",

author = "Vedovoto, {Graciela Luzia} and Diego Prior",

year = "2015",

month = jan,

day = "1",

doi = "https://doi.org/10.1016/S0186-1042(15)72150-9",

language = "English",

volume = "60",

pages = "145--179",

journal = "Contadur{\'i}a y Administraci{\'o}n",

issn = "0186-1042",

number = "1",

}

TY - JOUR

T1 - Real Options: A proposal to assess R&D projects at agricultural public research centers

AU - Vedovoto, Graciela Luzia

AU - Prior, Diego

PY - 2015/1/1

Y1 - 2015/1/1

N2 - © 2015 Universidad Nacional Autónoma de México. Investment decisions in research and development (R&D) are important to the success of organizations, especially for public research. This paper evaluates an R&D project (seed breeding) using the traditional method, the Net Present Value, and the more contemporaneous technique of real options. Economic Surplus Theory and Monte Carlo simulations are used to estimate social benefits. The results indicate that the real-options approach is a useful tool for assessing R&D public projects.

AB - © 2015 Universidad Nacional Autónoma de México. Investment decisions in research and development (R&D) are important to the success of organizations, especially for public research. This paper evaluates an R&D project (seed breeding) using the traditional method, the Net Present Value, and the more contemporaneous technique of real options. Economic Surplus Theory and Monte Carlo simulations are used to estimate social benefits. The results indicate that the real-options approach is a useful tool for assessing R&D public projects.

KW - Project valuation

KW - Public research

KW - Real options

U2 - https://doi.org/10.1016/S0186-1042(15)72150-9

DO - https://doi.org/10.1016/S0186-1042(15)72150-9

M3 - Article

SN - 0186-1042

VL - 60

SP - 145

EP - 179

JO - Contaduría y Administración

JF - Contaduría y Administración

IS - 1

ER -

Real Options: A proposal to assess R&D projects at agricultural public research centers

Abstract

Keywords

Access to Document

Fingerprint

Cite this