Title

Hard coal project valuation based on real options approach: multiplicative vs. arithmetic stochastic process

Journal title

Gospodarka Surowcami Mineralnymi - Mineral Resources Management

Yearbook

2016

Volume

vol. 32

Issue

No 1

Authors

Kamiński, Jacek ; Saługa, Piotr W.

Divisions of PAS

Nauki Techniczne

Publisher

Komitet Zrównoważonej Gospodarki Surowcami Mineralnymi PAN ; Instytut Gospodarki Surowcami Mineralnymi i Energią PAN

Date

2016

Identifier

DOI: 10.1515/gospo-2016-0006

Source

Gospodarka Surowcami Mineralnymi - Mineral Resources Management; 2016; vol. 32; No 1

References

Black (1973), The Pricing of Options and Corporate Liabilities Journal of Chicago Illinois, Political Economy, 81, doi.org/10.1086/260062 ; Samuelson (1965), A Rational Theory of Warrant Pricing Industrial InCollected Works of Paul MIT Press, Management Review, 2. ; Osborne (1959), Brownian Motion in the Stock Market, Operations Research, 7, 145, doi.org/10.1287/opre.7.2.145 ; Poitras (1998), Spread Options Exchange Options and Arithmetic Brownian Motion, Futures Markets, 18, 487, doi.org/10.1002/(SICI)1096-9934(199808)18:5<487::AID-FUT1>3.0.CO;2-Z