The initial steps in carrying out a feasibility analysis for a web project, based on information obtained interactively from a prospective client, are modelled as a rulebased expert system that draws on empirical formulas to provide a quantitative valuation of the clients replies. The model is centred in the pre-design phase, concerned in particular with ascertaining whether coherent aims, mess...

There are many characteristics in hightechnology project investment, such as needing a lot of capital, having so many unsure factors and so on. There are full of risks in the investment process. Some corporations were disastrous in investment because of ignoring the risk evaluation or using the inapposite valuation methods. So it is necessary to use a scientific evaluation method in the investm...

Valuation and Return Dynamics of New Ventures We develop and analyze a model of a multi-stage investment project that captures many features of R&D ventures and start-up companies. An important feature these problems share is that the firm learns about the potential profitability of the project throughout its life, but that technical uncertainty about the research and development effort is only...

valuation is one of the main subjects in investment management which plays an important role in efficient capital allocation. valuation has become an important subject since supreme leader addressed the 44th principal of constitutional law. considering many problems which have arrised in valuation and stock pricing by privatization organization during resent years,it is essential to pay more at...

The stochastic process choice plays a central role in real option valuation and it can have an impact not only on the project value but also on the investment rule. The first works written on real options used one factor models – more specifically Geometric Brownian Motion (GBM) and Mean Reversion Models (MRM) – to represent the uncertainties in the valuation modeling. Selecting the most approp...

In Brazil, Energy Market players dedicate many efforts in valuation and optimal allocation of capital decision to implement projects, due the large candidate projects number in their investment portfolios. The strategic decisions of those players should choose the projects subset that will be implemented, because usually, they don ́t have the financial resources to implement all then. Many are t...

Derivative securities, when used correctly, can help investors increase their expected returns and minimize their exposure to risk. Options offer leverage and insurance for risk-averse investors. For the more risky investors, they can be ways of speculation. When an option is issued, we face the problem of determining the price of a product which depends on the performance of another security a...

Abstract Valuations of real estate are widely used for various purposes and it relied always upon the financial other markets. Valuation methodology is based on operation free market economy properties. The issue certified properties relatively new in field valuation not sufficiently explored. Certified buildings preferred by major corporate tenants with international activity who often have et...

The paper gives a methodological overview of The VALSE Project, which was a European programme of research into valuation procedures for aiding the formulation and evaluation of sustainability policy. A notion of ‘valuation from the point of view of Complexity’ is built up through emphasising the permanent co-existence of multiple perspectives and, more particularly, the permanent possibility o...

Software development based on commercial off-theshelf, or COTS, components is currently drawing considerable attention. This paper presents the results of two complementary quantitative valuation methods applied to the assessment of the COTS-centric software development projects. We use a standard corporate finance tool, Net Present Value, as a basis for both methods. The first method, comparat...