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Keywords: Risk‐neutral valuation method
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Journal Articles
Built Environment Project and Asset Management (2011) 1 (1): 14–31.
Published: 08 July 2011
... the real options theory to evaluate investments in toll road projects. In particular, the risk‐neutral valuation method is used for pricing flexibility embedded in the two‐phase development plan. Risk‐neutral binomial lattice is used to model traffic uncertainty and to find the optimal time for the toll...
