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Keywords: Real option
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Journal Articles
Built Environment Project and Asset Management (2013) 3 (2): 214–227.
Published: 18 November 2013
... revenue guarantee program and a period-extension-based cumulative revenue guarantee program. Design/methodology/approach – Monte Carlo simulation is used to model the real option approach. This method is applied to a toll road project in the Philippines wherein the expected payoffs of the government...
