Special Issue on Design and Development: Project Management Under Risk: Using the Real Options Approach to Evaluate Flexibility in R...D

By Arnd Huchzermeier, Christoph H. Loch. Management Sciences, 2001

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Real options valuation of US federal renewable energy research, development, demonstration, and deployment (2005, background): “At any stage, the manager may decide to abandon development, continue RD(3) as planned, or invest in corrective action by allocating more resources to improve performance (see Huchzermeier and Loch (2001)).”
Connecting Absorptive Capacity and Open Innovation (2008, methodology): “The real options approach has been discussed frequently in the literature as a tool to reduce the uncertainty of innovation projects and new business development (e.g. Bowman and Hurry, 1993; Huchzermeier and Loch, 2001; Miller and Arikan, 2004; Teisberg, 1994).”
Modeling impacts of process architecture on cost and schedule risk in product development (2002, methodology): “For instance , the model provides a framework for an options-based approach [cf., [43]] with contingent activities.”