Managing a Portfolio of Real Options: Sequential Exploration of Dependent Prospects
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DOI: 10.5547/ISSN0195-6574-EJ-Vol29-NoSI-4
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Other versions of this item:
- James L. Smith and Rex Thompson, 2008. "Managing a Portfolio of Real options: Sequential Exploration of Dependent Prospects," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 43-62.
- James L. Smith & Rex Thompson, 2004. "Managing a Portfolio of Real Options: Sequential Exploration of Dependent Prospects," Working Papers 0403, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
References listed on IDEAS
- Childs, Paul D. & Ott, Steven H. & Triantis, Alexander J., 1998. "Capital Budgeting for Interrelated Projects: A Real Options Approach," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 33(3), pages 305-334, September.
Citations
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Cited by:
- Smith, James L. & Thompson, Rex, 2009.
"Rational plunging and the option value of sequential investment: The case of petroleum exploration,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 1009-1033, August.
- James L. Smith & Rex Thompson, 2006. "Rational Plunging and the Option Value of Sequential Investment The Case of Petroleum Exploration," Working Papers 0602, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Javier G. Castro & Edison A. Tito & Luiz E. Brandão, 2021. "Optimization of a Portfolio of Investment Projects: A Real Options Approach Using the Omega Measure," JRFM, MDPI, vol. 14(11), pages 1-17, November.
- Martinelli, Gabriele & Eidsvik, Jo & Hauge, Ragnar, 2013. "Dynamic decision making for graphical models applied to oil exploration," European Journal of Operational Research, Elsevier, vol. 230(3), pages 688-702.
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More about this item
Keywords
Portfolio management; Real options; Sequential exploration oil prospects; Oil exploration; Stochastic;All these keywords.
JEL classification:
- F0 - International Economics - - General
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