A real option solution and method are used to quantify the value of flexibility for deferral and
design strategies in investments made in a network. The model is proposed to address …

This paper uses a real option approach to analyze terminal investment timing decisions for
situations in which a port faces competition from its rivals in an uncertain market. We …

One of the recent advances in property valuation is to view a property or the right to develop
it as a call option. Shilling et al. were among the first to apply option pricing theory in this …

Collectors roads are the roads that distribute traffic flows from the arterial roads. This kind of
road plays an important role in the people journey within their community. Thus …

Active asset-investment and portfolio-construction strategies for infrastructure systems are
developed. Two primary questions are explored: how to allocate a limited budget among the …