A Real Option Framework for the Decision to Enter the Tourism Business Market

DOI

Bibliographic Information

Other Title
  • リアルオプション・アプローチによる不確実性下の観光事業者意思決定 ─確率的 Verhulst/Gompertz 方程式を満たす将来の貨幣的満足をもとに─

Abstract

This article discusses the real option decision making process under uncertainty for the opportunity to enter in the Tourism Business market. The model allows us to determine the optimal timing to launch an enterprise and stop the promotion activity. The model is based on the stochastic Verhulst/Gompertz equation, which provides a solution that reflects the network external evolution without using any factor by defining Monetary satisfaction recursively. Real Option approaches in financial applications are adopted in the analysis of applications as well.

Journal

Keywords

Details 詳細情報について

  • CRID
    1390854107987115264
  • NII Article ID
    130008163386
  • DOI
    10.51059/nihonkanko.56.0_1
  • ISSN
    24367133
    13418270
  • Text Lang
    ja
  • Data Source
    • JaLC
    • CiNii Articles
  • Abstract License Flag
    Allowed

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