Volume 11 - Volume 11
Application of Option Models in Evaluation of Innovative Projects of the Aviation Industry
Abstract
he implementation of investment projects with a high-risk component, as well as innovative
projects, is necessary for enterprises, despite the low values of the performance criteria. The theory
of managerial options (real options valuation) is a tool that allows one to identify and evaluate
additional opportunities (options) inherent in the project, which increase the efficiency of the
original project and make it more attractive to potential investors. The mechanism considered in the
study, in which the option to increase production volumes is used, allows an initially unprofitable
project to be brought to a qualitatively new level.
Paper Details
PaperID: 1803
Author's Name: Elena Nikolaevna Nikulina and Elena Vladimirovna Tarasova
Volume: Volume 11
Issues: Volume 11
Keywords: Innovative Project, Investment Project, Project Efficiency, Risk Management, Management Options.
Year: 2021
Month: April
Pages: 1860-1867