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  1. NTU Theses and Dissertations Repository
  2. 管理學院
  3. 管理學院企業管理專班(Global MBA)
請用此 Handle URI 來引用此文件: http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/6217
完整後設資料紀錄
DC 欄位值語言
dc.contributor.advisor胡星陽(Shing-Yang Hu)
dc.contributor.authorChih-yu Henry Hsiaoen
dc.contributor.author蕭志育zh_TW
dc.date.accessioned2021-05-16T16:23:21Z-
dc.date.available2013-07-18
dc.date.available2021-05-16T16:23:21Z-
dc.date.copyright2013-07-18
dc.date.issued2013
dc.date.submitted2013-07-09
dc.identifier.citationAbell, D. (1999). Competing today while preparing for tomorrow. Sloan Management Review , pp. 73-81.
Amtran. (2012). 瑞軒科技股份有限公司及其子公司合併財務報表暨會計師查核報告. 瑞軒科技.
Arthur, C. (2011, December 8th). Google TV: how soon will it be on your set . Retrieved from www.guardian.co.uk: http://www.guardian.co.uk/technology/blog/2011/dec/08/google-tv-forecast-reality
Bain & Company. (n.d.). Top 10 management tools through out the year. Retrieved 06 27, 2013, from www.bain.com: http://www.bain.com/management_tools/BainTopTenTools/default.asp
Barney, J. (1986). Strategic factor markets: expectation, luck, and business strategy. Management Science , pp. 1231-1241.
Fernandez, P., Aguirreamalloa, J., & Corres, L. (2011). Market risk premium used in 56 countries 2011 survey. University of Navarra – IESE business school.
Goyal, A., Cambel, O., & MacGuire, E. (2011). Thinking inside the box: cable versus online in the smart TV wars. Credit Lyonnais Securities Asia.
Jordan, B. D., Ross, S. A., Westerfield, R. W., & Jaffe, J. F. (2011). Core Principles and Applications of Corporate Finance. McGraw-Hill Irwin.
Morningstar. (n.d.). Amtran Technology Co., LTD. Retrieved 06 27, 2013, from www.morningstar.com: http://quotes.morningstar.com/stock/s?t=2489Rion=TWN&culture=en-us
Nielsen. (2011). State of the media: consumer usage report 2011. Nielsen.
ParkYoung. (2012). Samsung Electronics Company Analysis. Woori Investment and Securities.
Reach, E. (2003, July 1st). Will real options take root. Retrieved 06 27, 2013, from www.cfo.com: http://www.cfo.com/article.cfm/3009782/1/c_3046594
trading economics. (n.d.). Korea interest rate. Retrieved 06 27, 2013, from www.tradingeconomics.com: http://www.tradingeconomics.com/south-korea/interest-rate
Trading Economics. (n.d.). Taiwan Interest rate. Retrieved 06 27, 2013, from www.tradingeconomics.com: http://www.tradingeconomics.com/taiwan/interest-rate
Trigeorgis, L., & Smit, H. T. (2004). Strategic Investment : real Options and Games. Princeton University Press.
Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal , pp. 171-180.
dc.identifier.urihttp://tdr.lib.ntu.edu.tw/jspui/handle/123456789/6217-
dc.description.abstractTechnology companies today have to embrace new technology to generate future income. Due to market uncertainty, being the first mover may not result in strategic or financial advantage in an unfavorable market condition. Conversely being late in the competition, may result in no market share for profit and growth. Success depends on the condition of the market. The challenge for managers is the timing to choose to adapt the technology and the type of technology to be employed.
In this paper, real option valuation in the context of strategic planning is used to tackle this challenge. Methods proposed in this paper show that managers can quantify market uncertainty which can help to optimize the investment financial and strategic value of new technology investment.
en
dc.description.provenanceMade available in DSpace on 2021-05-16T16:23:21Z (GMT). No. of bitstreams: 1
ntu-102-R00749004-1.pdf: 2460211 bytes, checksum: 261f126114a28f80cdce66103a4fd264 (MD5)
Previous issue date: 2013
en
dc.description.tableofcontentsTable of Contents
1. Introduction 1
2. Options 4
2.1. Financial Options 4
2.2. Real Options 5
2.3. Current ROV World Adaption 9
3. Strategic planning 11
3.1. Competition and strategy 13
4. Strategic planning and Real Option Valuation 14
4.1. Real Option Growth Matrix 15
4.2. Call option valuation 16
4.3. Project development and Risk 18
5. Case Study 19
5.1. Smart TV 20
5.2. Product and positioning 22
5.3. Industry & competition 24
5.4. The Investment outlay 26
5.5. Product costing and forecast 29
6. Static NPV Analysis 32
6.1. Company A Rate of Return 32
6.2. Static NPV calculation 33
7. Real Option Valuation 35
7.1. Forecasting and market trend 37
7.2. Real Option Valuation calculation 38
7.3. Real Option Drivers 45
7.4. Changing variability and changing forecast 48
7.5. Competition 49
7.6. Additional Real Options 53
7.7. Total Product Line in Option Space 54
8. Conclusion 56
References 63
Appendix 64
dc.language.isoen
dc.title實質選擇權與策略投資個案評估zh_TW
dc.titleReal Option Valuation and Strategy Planning Case Studyen
dc.typeThesis
dc.date.schoolyear101-2
dc.description.degree碩士
dc.contributor.oralexamcommittee陳明賢,莊文議
dc.subject.keyword實質選擇權,策略投資,zh_TW
dc.subject.keywordstrategic planning,real option valuation,en
dc.relation.page65
dc.rights.note同意授權(全球公開)
dc.date.accepted2013-07-09
dc.contributor.author-college管理學院zh_TW
dc.contributor.author-dept企業管理碩士專班zh_TW
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