naa a22 4500 510808492 CHVBK 20180411083429.0 cr unu---uuuuu 180411e20130901xx s 000 0 eng 10.1007/s11579-013-0101-1 doi (NATIONALLICENCE)springer-10.1007/s11579-013-0101-1 Optimal investment with two-factor uncertainty [Elektronische Daten] [Manuel Armada, Paulo Pereira, Artur Rodrigues] This paper presents a real options model to value the option to invest in a project contingent on two stochastic factors. A general sensitivity analysis is conducted highlighting the importance of the variance and correlation between the two variables. A higher correlation is shown to increase always the values of the trigger, the active project and the option. The impact of uncertainty is more complex and depends on the assumption about which variables adjust and the correlation between the variables and the market. Springer-Verlag Berlin Heidelberg, 2013 Multiple stochastic factors nationallicence Uncertainty nationallicence Real options nationallicence Armada Manuel NIPE, University of Minho, Braga, Portugal aut Pereira Paulo CEF.UP, Faculdade de Economia, Universidade do Porto, Porto, Portugal aut Rodrigues Artur NIPE, University of Minho, Braga, Portugal aut Mathematics and Financial Economics Springer Berlin Heidelberg 7/4(2013-09-01), 509-530 1862-9679 7:4<509 2013 7 11579 https://doi.org/10.1007/s11579-013-0101-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11579-013-0101-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Armada Manuel NIPE, University of Minho, Braga, Portugal aut NATIONALLICENCE 700 1- Pereira Paulo CEF.UP, Faculdade de Economia, Universidade do Porto, Porto, Portugal aut NATIONALLICENCE 700 1- Rodrigues Artur NIPE, University of Minho, Braga, Portugal aut NATIONALLICENCE 773 0- Mathematics and Financial Economics Springer Berlin Heidelberg 7/4(2013-09-01), 509-530 1862-9679 7:4<509 2013 7 11579 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer