scholarly journals A Fourier-Based Valuation Method for Bermudan and Barrier Options under Heston's Model

2011 ◽  
Vol 2 (1) ◽  
pp. 439-463 ◽  
Author(s):  
Fang Fang ◽  
Cornelis W. Oosterlee
Keyword(s):  
Barrier Options ◽  
Valuation Method ◽  
Heston's Model

Economic Value of Pavement for the Elderly: Case Study of Bangkok, Thailand

2018 ◽  
Vol 9 (11) ◽  
pp. 927-937
Author(s):  
Somskaow Bejranonda ◽  
◽  
Aekkapat Laksanacom ◽  
Waranan Tantiwat ◽  
◽  
...  
Keyword(s):  
Contingent Valuation Method ◽  
Economic Value ◽  
The Elderly ◽  
Pavement Management ◽  
Sustainable Urban Development ◽  
Public Facility ◽  
Average Value ◽  
Valuation Method ◽  
The People ◽  
The City

Based on the concept of a livable and global age-friendly city, pavements are a public facility that the city should provide to the people. Appropriate pavements will be beneficial for the people, particularly for good quality of life for the elderly to move around in the city. This study explored the behaviour of the elderly in the use of pavements and the problems confronted. The study also evaluated the value of the pavement walking area as it reflected the benefits of pavements to the elderly by applying the Contingent Valuation Method (CVM). During March-May 2017, data were collected using interviews with 601 elderly living in Bangkok. The study indicated that the main problem for senior citizens regarding their use of pavements was from being disturbed by motorbikes riding on the pavements. The average value of pavement for the elderly was about THB 160 (USD 5.30) per person per year. Thus, the benefits of pavements to the elderly in Bangkok was approximately THB 158 million (USD 5.2 million) per year. Thus, policy makers should make proper budget allocations for elderly-friendly pavement management and seriously address the problems confronting the elderly in using pavements, to maximize the usefulness of pavements not only for the elderly but also for the public and to support a sustainable urban development.

DEVELOPMENT OF VALUATION METHOD OF THE STATUS OF BASE STATIONS FOR DETERMINING THE NEED OF THEIR UPGRADING

2017 ◽  
pp. 60-70
Author(s):  
Natalya Ivanovna Shaposhnikova ◽  
Alexander Aleksandrovich Sorokin
Keyword(s):  
Decision Making ◽  
Fuzzy Sets ◽  
Cellular Network ◽  
New Technologies ◽  
Base Station ◽  
Base Stations ◽  
Valuation Method ◽  
The Status ◽  
Telecommunications Services ◽  
Theory Of Fuzzy Sets

The article consideres the problems of determining the need to modernize the base stations of the cellular network based on the mathematical apparatus of the theory of fuzzy sets. To improve the quality of telecommunications services the operators should send significant funding for upgrading the equipment of base stations. Modernization can improve and extend the functions of base stations to provide cellular communication, increase the reliability of the base station in operation and the functionality of its individual elements, and reduce the cost of maintenance and repair when working on a cellular network. The complexity in collecting information about the equipment condition is determined by a large number of factors that affect its operation, as well as the imperfection of obtaining and processing the information received. For a comprehensive assessment of the need for modernization, it is necessary to take into account a number of indicators. In the structure of indicators of the need for modernization, there were introduced the parameters reflecting both the degree of aging and obsolescence(the technical gap and the backlog in connection with the emergence of new technologies and standards). In the process of a problem solving, the basic stages of decision-making on modernization have been allocated. Decision-making on the need for modernization is based not only on measuring information that takes into account the decision-makers, but also on linguistic and verbal information. Therefore, to determine the need for upgrading the base stations, the theory of fuzzy sets is used, with the help of which experts can be attracted to this issue. They will be able to formulate additional fuzzy judgments that help to take into account not only measuring characteristics, but also poorly formalized fuzzy information. To do this, the main indicators of the modernization need have been defined, and fuzzy estimates of the need for modernization for all indicators and a set of indicators reflecting the need for upgrading the base stations have been formulated.

Valuation and Inception of Ethical Fashion Smart Wearable Born-Global Speculative Start-up (BGSS)

10.31355/17 ◽  
2017 ◽  
Vol 1 ◽  
pp. 117-148
Author(s):  
Prafulla Kumar Padhi
Keyword(s):  
Human Rights ◽  
Academic Research ◽  
Cost Ratio ◽  
Born Global ◽  
Fashion Industry ◽  
Valuation Method ◽  
Multi Stage ◽  
Start Up ◽  
Risk Cost ◽  
Smart Wearable

NOTE: THIS ARTICLE WAS PUBLISHED WITH THE INFORMING SCIENCE INSTITUTE. Aim/Purpose.............................................................................................................................................................................................. Since the valuation of a born-global speculative start-up (BGSS) has been a guessing game and there is no framework in the literature from ethical fashion smart wearable (EFSW) venture valuation perspective, this research explores to create a holistic model using multi-stage valuation method to valuate BGSS at its inception and investigates how ethical is ethical fashion? Background................................................................................................................................................................................................ The concept of ‘Born-Global’ firm was introduced into business theory during 1988. Nowadays, ventures start with a global vision from their inception to introduce products and services in overseas markets. Speculative investment has been a common practice to start-up expedition. Investors gamble on speculative start-ups. The inception phase of any start-up is the embryonic phase and is, therefore, more speculative than successive phases for additional investments. BGSS at its inception possess no operating history. Today fashion industry is one of the largest industries globally, growing leaps and bounds with valuation at 3 trillion U.S. dollars. The emerging smart fashion wearable market projected to cross US$ 30 billion during 2017. Fashion exists not only in garments but also other wearable such as the bracelet, watches, jewelry, and other accessories. Ethical fashion is all about betterment for the people and community at large. This paper identifies the relevant actors and their impact on the ethical aspects and status of the fashion industry. Methodology............................................................................................................................................................................................... The methodology used in this research both qualitative and quantitative approach. Since ethical fashion is a social phenomenon, the qualitative approach is appropriate to deal with various perspective analysis of ethical fashion using case study on four ethical fashion smart wearable ventures. The quantitative method calibrates the valuation of a BGSS at the inception stage using a noble pragmatic multi-stage valuation method because it provides the incentive to focus on achieving the best risk/cost ratio. Contribution.............................................................................................................................................................................................. This research bestows valuable insight using a noble multi-stage valuation method that has been proven successful based on author´s extensive practice to value BGSS at its inception contributing new knowledge to the literature. The application of informing system to frame the discussion on the inter-disciplinary domain of ethical fashion smart wearable creates awareness for fashion industry stakeholders and academic researchers. Findings.................................................................................................................................................................................................... The analysis shows that BGSS is a contemporary phenomenon since so many smart fashions wearable companies have gone through thought provoking and compelling stories to became successful in a highly competitive smart fashion wearable industry. BGSS concept is a brand-new perspective in the EFSW academic research. The findings of this research provide information to various stakeholders of the fashion industry and benefit to a global community at large with a more nuanced understanding of the changes and challenges of the emerging EFSW industry and the way to measure the valuation of a venture at its inception. Recommendations for Practitioners......................................................................................................................................................... This paper reveals nuance understanding for the practitioners in the BGSS valuation at its inception. Since all the traditional valuation methods have their drawbacks when applied to the inception stage of BGSS, this study recommends using multi-stage valuation method because it provides incentive for the best risk/cost ratio. Fashion brands (designers and other stakeholders) should abide by the ethical criteria to make a difference in the global community at large by reducing degradation of the environmental conditions. For the future of ethical fashion, ethical choices must be an available alternative to customers. Fashion companies need to embark upon design to not only be ethical but also stylish, therefore need to create trust by adopting transparency and integrity throughout the value chain. Fashion brand should take advantage of ethical fashion criteria to provide assurance to consumers with socio-cultural aspects in mind, to promote their fashion collections effectively. Recommendation for Researchers............................................................................................................................................................... More research work needs to be accomplished to have a clear analysis of the ethical fashion perspective to cover environmental, socio-cultural, fair trade, human rights, animal rights and other aspects. It is important to study the various stages of BGSS valuation from growth stage to initial public offering stage and beyond to bridge the gap between academic research and practitioners using the multi-stage valuation method. Impact on Society.......................................................................................................................................................................................... Since ethical fashion is of great significance for the contemporary society, raising awareness among various cultural communities globally to promote avantgarde ways regarding ethical fashion criteria, specifically to curb the degradation of the environment, stopping the cruelty on animals and protecting the human rights among consumers is paramount. Future Research............................................................................................................................................................................................ This study will bridge the gap between practice and academic research, scholars should embark upon creating a total addressable market (TAM) theory and empirical analysis studies because the total addressable market is the key and practical determinant of BGSS success. Ethical fashion academic research should be pursued beyond sustainability on smart wearable.

Discrete Asian barrier options

1999 ◽  
Vol 3 (1) ◽  
pp. 41-67 ◽  
Author(s):  
R Zvan ◽  
P Forsyth ◽  
K Vetzal
Keyword(s):  
Barrier Options
Sign in / Sign up

Export Citation Format

Share Document