Calculating the real option value of an exploration mineral rights lease using Monte Carlo simulation /

Option pricing theory has been applied in the literature to valuing real assets in which the right exists to delay an investment in an uncertain environment. One such example is the ownership of a petroleum exploration mineral rights lease. These leases have an option within an option structure....

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Bibliographic Details

Main Author:	Haylett, James William
Format:	Thesis Book
Language:	English
Published:	[Place of publication not identified] : [publisher not identified] ; 2001.
Subjects:	Major information and operations management.
Online Access:	http://proxy.library.tamu.edu/login?url=http://proquest.umi.com/pqdweb?did=725905851&sid=1&Fmt=2&clientId=2945&RQT=309&VName=PQD