@article{723714,
      recid = {723714},
      author = {Schöne, Max,},
      title = {Real options valuation the importance of stochastic  process choice in commodity price modelling / [electronic  resource] :},
      pages = {1 online resource (xiv, 104 pages) :},
      abstract = {The Author shows that modelling the uncertain cash flow  dynamics of an investment project deserves careful  attention in real options valuation. Focusing on the case  of commodity price uncertainty, a broad empirical study  reveals that, contrary to common assumptions, prices are  often non-stationary and exhibit non-normally distributed  returns. Subsequently, more realistic stochastic  volatility, jump diffusion, and Lévy processes are  evaluated in the context of a stylised investment project.  The valuation results suggest that stochastic process  choice can have substantial implications for valuat.},
      url = {http://library.usi.edu/record/723714},
      doi = {https://doi.org/10.1007/978-3-658-07493-7},
}