Valuation of Research and Development Projects Using Buying and Selling Prices: Generalized Definitions

Published Online:https://doi.org/10.1287/deca.2019.0401

References

  • Abbas AE, Bakır NO, Klutke G-A, Sun Z (2013) Effects of risk aversion on the value of information in two-action decision problems. Decision Anal. 10(3):257–275.LinkGoogle Scholar
  • Ahuja RK, Orlin JB (2001) Inverse optimization. Oper. Res. 49:771–783.LinkGoogle Scholar
  • Brealey R, Myers S (2000) Principles of Corporate Finance (McGraw-Hill, New York).Google Scholar
  • Carmona R (2009) Indifference Pricing: Theory and Applications (Princeton University Press, Princeton, NJ).CrossrefGoogle Scholar
  • Casey JT (1994) Buyers’ pricing behavior for risky alternatives: encoding processes and preference reversals. Management Sci. 40(6):730–749.LinkGoogle Scholar
  • Casey JT (1995) Predicting buyer-seller pricing disparities. Management Sci. 41(6):979–999.LinkGoogle Scholar
  • Delquié P (2008) The value of information and intensity of preference. Decision Anal. 5(3):129–139.LinkGoogle Scholar
  • Dyer JS, Sarin RK (1979) Measurable multiattribute value functions. Oper. Res. 29:811–822.Google Scholar
  • French S (1986) Decision Theory: An Introduction to the Mathematics of Rationality (Ellis Horwood Limited, Chichester, UK).Google Scholar
  • Gustafsson J, Salo A (2005) Contingent portfolio programming for the management of risky projects. Oper. Res. 53(6):946–956.LinkGoogle Scholar
  • Gustafsson J, De Reyck B, Degraeve Z, Salo A (2011) Valuation of risky projects and illiquid investments using portfolio selection models. Salo A, Keisler J, Morton A, eds. Portfolio Decision Analysis, International Series in Operations Research & Management Science, vol. 162 (Springer, New York), 79–105.CrossrefGoogle Scholar
  • Gustafsson J (2015) Theory of generalized risk attitudes. Decision Anal. 12(4):205–227.LinkGoogle Scholar
  • Herstein IN (1975) Topics in Algebra, 2nd ed. (John Wiley & Sons, New York).Google Scholar
  • Horowitz JK, McConnell KE (2003) Willingness to accept, willingness to pay and the income effect. J. Econom. Behav. Organ. 51(4):537–545.CrossrefGoogle Scholar
  • Howard RA (2004) Speaking of decisions: precise decision language. Decision Anal. 1(2):71–78.LinkGoogle Scholar
  • Kahneman D, Knetsch JL, Thaler RH (1990) Experimental tests of the endowment effect and the coase theorem. J. Political Econom. 98(6):1325–1348.CrossrefGoogle Scholar
  • Keeney RL, Raiffa H (1976) Decisions with Multiple Objectives: Preferences and Value Tradeoffs (John Wiley & Sons, New York).Google Scholar
  • Luce RD (1991) Rank- and sign-dependent linear utility models for binary gambles. J. Econom. Theory 53:75–100.CrossrefGoogle Scholar
  • Luce RD (1997) Associative joint receipts. Math. Soc. Sci. 34:51–74.CrossrefGoogle Scholar
  • Luce RD (2000) Utility of Gains and Losses: Measurement‐Theoretical and Experimental Approaches (Lawrence Erlbaum Associates, Mahwah, NJ).Google Scholar
  • Luenberger DG (1998) Investment Science (Oxford University Press, New York).Google Scholar
  • Markowitz HM (1952) Portfolio selection. J. Finance 7(1):77–91.Google Scholar
  • Miettinen K (1998) Nonlinear Multiobjective Optimization (Kluwer Academic Publishers, Boston).CrossrefGoogle Scholar
  • Raiffa H (1968) Decision Analysis: Introductory Lectures on Choices under Uncertainty (Addison-Wesley Publishing Company, Reading, MA).Google Scholar
  • Savage LJ (1954) The Foundations of Statistics (John Wiley & Sons, New York).Google Scholar
  • Sharpe WF (1970) Portfolio Theory and Capital Markets (McGraw-Hill, New York).Google Scholar
  • Smith JE, Nau RF (1995) Valuing risky projects: option pricing theory and decision analysis. Management Sci. 41(5):795–816.LinkGoogle Scholar
  • Smith JE (1998) Evaluating income streams: a decision analysis approach. Management Sci. 44(12):1690–1708.LinkGoogle Scholar
  • Thaler R (1980) Toward a positive theory of consumer choice. J. Econom. Behav. Organ. 1(1):39–60.CrossrefGoogle Scholar
  • Tversky A, Kahneman D (1992) Advances in prospect theory: cumulative representation of uncertainty. J. Risk Uncertainty 5:297–323.CrossrefGoogle Scholar
  • von Neumann J, Morgenstern O (1947) Theory of Games and Economic Behavior, 2nd ed (Princeton University Press, Princeton, NJ).Google Scholar
  • Wald A (1950) Statistical Decision Functions (John Wiley & Sons, New York).Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.