Evaluation of innovation projects based on real options

Innovations and investments

The article discusses questions of related to the valuation of the innovation projects. For this in addition to the use of standard methods (methods based on discounted cash flow), the use of a real option. The object of
analysis selected a specific innovation project submitted to the contest Russian innovation. On the basis of the data (the original data of the project have been changed), was estimated additional cost of the project with the "flexibility" of leadership.