Abstract
Appendix 1.5 of Chap. 1 shows the relationship between a Black-Scholes European call option and the book’s approach leading to the Carmichael equation, Eq. (1.1) [2].
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References
Carmichael DG (2014) Infrastructure investment: an engineering perspective. CRC Press, Taylor and Francis, London
Carmichael DG, Hersh AM, Parasu P (2011) Real options estimate using probabilistic present worth analysis. Eng Econ 56(4):295–320
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Carmichael, D.G. (2020). Financial Options. In: Future-proofing—Valuing Adaptability, Flexibility, Convertibility and Options. Management in the Built Environment. Springer, Singapore. https://doi.org/10.1007/978-981-15-0723-6_10
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DOI: https://doi.org/10.1007/978-981-15-0723-6_10
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