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In this paper we show how a multidimensional American real option may be solved using the LSM simulation method originally proposed by Longstaff and Schwartz [2001, The Review of ...
In this paper we shall represent strategic planning problems by dynamic decision trees, in which the nodes are projects that can be deferred or postponed for a certain period of t...
One of the major challenges in IT security management is determining how much to spend and where to spend. This requires understanding of the economic issues regarding IT security...