Szczegóły publikacji
Opis bibliograficzny
Financial valuation of production diversification in the steel industry using real option theory / Bogdan RĘBIASZ, Bartłomiej GAWEŁ, Iwona SKALNA // W: ISAT 2018 : Information Systems Architecture and Technology: proceedings of 39th international conference on Information Systems Architecture and Technology : [September 16–18, 2018, Nysa], Pt. 3 / eds. Zofia Wilimowska, Leszek Borzemski, Jerzy Świątek. — Cham : Springer Nature Switzerland AG, cop. 2019. — (Advances in Intelligent Systems and Computing ; ISSN 2194-5357 ; vol. 854). — ISBN: 978-3-319-99992-0; e-ISBN: 978-3-319-99993-7. — S. 323-332. — Bibliogr. s. 332, Abstr. — Publikacja dostępna online od: 2018-08-28
Autorzy (3)
Słowa kluczowe
Dane bibliometryczne
| ID BaDAP | 121324 |
|---|---|
| Data dodania do BaDAP | 2019-06-08 |
| DOI | 10.1007/978-3-319-99993-7_29 |
| Rok publikacji | 2019 |
| Typ publikacji | materiały konferencyjne (aut.) |
| Otwarty dostęp |  |
| Wydawca | Springer |
| Konferencja | International Conference on Information Systems Architecture and Technology 2018 |
| Czasopismo/seria | Advances in Intelligent Systems and Computing |
Abstract
Steel industry is subject to significant volatility in its output prices and market demands for different ranges of products. Therefore, it is common practice to invest in various assets, which gives the opportunity to diversify production and generate valuable switch options. This article investigates the incremental benefit of product switch options in steel plant projects. The options are valued using Monte Carlo simulation and modeling the prices of and demand for steel products as Geometric Brownian Motion (GBM). Our results show that the product switch option can generate a significant increase in the net present value (NPV) of metallurgical projects.
