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

Graciela Luzia Vedovoto, Diego Prior

Research output: Contribution to journalArticleResearchpeer-review

1 Citation (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 languageEnglish
Pages (from-to)145-179
JournalContaduria y Administracion
Volume60
Issue number1
DOIs
Publication statusPublished - 1 Jan 2015

Keywords

  • Project valuation
  • Public research
  • Real options

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