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Valuing agricultural biotechnology i...

Laate, Emmanuel Anum.

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Valuing agricultural biotechnology investments: A real options approach.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Valuing agricultural biotechnology investments: A real options approach./
Author:	Laate, Emmanuel Anum.
Description:	158 p.
Notes:	Source: Masters Abstracts International, Volume: 44-05, page: 2129.
Contained By:	Masters Abstracts International44-05.
Subject:	Economics, Agricultural. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=MR13836
ISBN:	9780494138366

Valuing agricultural biotechnology investments: A real options approach.
Laate, Emmanuel Anum.

Valuing agricultural biotechnology investments: A real options approach. - 158 p.

Source: Masters Abstracts International, Volume: 44-05, page: 2129.

Thesis (M.Sc.)--University of Alberta (Canada), 2006.

A key part of the investment decision making in a new biotechnology product development and commercialization process, is the analysis of the investment's cash flows. This thesis used the net present value (NPV) and real options (RO) approaches to evaluate a research project which involves the use of genomics technologies to develop canola meal with reduced anti-nutritional factors in Western Canada. The certainty equivalent approach is used to estimate the project's NPV at the beginning of each stage of the innovation chain. Subsequently the research project is evaluated as a series of compound call options using a specialized version of the binomial model (i.e. the quadranomial approach). Overall, the NPV analysis rejected the research project when it has not successfully passed the basic R&D stage however the RO approach did not. This study has shown that the RO models could be used to value public policy and R&D projects.

ISBN: 9780494138366Subjects--Topical Terms:

626648
Economics, Agricultural.

Valuing agricultural biotechnology investments: A real options approach.
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100 1 $a Laate, Emmanuel Anum. $3 1923521
245 1 0 $a Valuing agricultural biotechnology investments: A real options approach.
300 $a 158 p.
500 $a Source: Masters Abstracts International, Volume: 44-05, page: 2129.
502 $a Thesis (M.Sc.)--University of Alberta (Canada), 2006.
520 $a A key part of the investment decision making in a new biotechnology product development and commercialization process, is the analysis of the investment's cash flows. This thesis used the net present value (NPV) and real options (RO) approaches to evaluate a research project which involves the use of genomics technologies to develop canola meal with reduced anti-nutritional factors in Western Canada. The certainty equivalent approach is used to estimate the project's NPV at the beginning of each stage of the innovation chain. Subsequently the research project is evaluated as a series of compound call options using a specialized version of the binomial model (i.e. the quadranomial approach). Overall, the NPV analysis rejected the research project when it has not successfully passed the basic R&D stage however the RO approach did not. This study has shown that the RO models could be used to value public policy and R&D projects.
590 $a School code: 0351.
650 4 $a Economics, Agricultural. $3 626648
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773 0 $t Masters Abstracts International $g 44-05.
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