摘要
This paper incorporates a fuzzy process into an abandonment option approach, to investigate the effects of managerial optimism and pessimism when a manager considers whether to abandon capital budgeting decisions or not under conditions of irreversible investment and uncertain market environment. We find that managerial optimism would encourage firms to continue the project, while managerial pessimism would encourage them to liquidate it, when the abandonment option value is located in a fuzzy sentiments region.
| 原文 | English |
|---|---|
| 主出版物標題 | Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings |
| 編輯 | Ben Niu, Hideyuki Takagi, Yuhui Shi, Ying Tan |
| 發行者 | Springer Verlag |
| 頁面 | 277-284 |
| 頁數 | 8 |
| ISBN（列印） | 9783319618326 |
| DOIs | |
| 出版狀態 | Published - 2017 一月 1 |
| 事件 | 8th International Conference on Swarm Intelligence, ICSI 2017 - Fukuoka, Japan 持續時間: 2017 七月 27 → 2017 八月 1 |
出版系列
| 名字 | Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) |
|---|---|
| 卷 | 10386 LNCS |
| ISSN（列印） | 0302-9743 |
| ISSN（電子） | 1611-3349 |
Other
| Other | 8th International Conference on Swarm Intelligence, ICSI 2017 |
|---|---|
| 國家 | Japan |
| 城市 | Fukuoka |
| 期間 | 17-07-27 → 17-08-01 |
指紋
All Science Journal Classification (ASJC) codes
- Theoretical Computer Science
- Computer Science(all)
引用此文
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Making capital budgeting decisions for project abandonment by fuzzy approach. / Liu, Yu Hong; Jiang, I. Ming; Tsai, Meng I.
Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings. 編輯 / Ben Niu; Hideyuki Takagi; Yuhui Shi; Ying Tan. Springer Verlag, 2017. p. 277-284 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); 卷 10386 LNCS).研究成果: Conference contribution
TY - GEN
T1 - Making capital budgeting decisions for project abandonment by fuzzy approach
AU - Liu, Yu Hong
AU - Jiang, I. Ming
AU - Tsai, Meng I.
PY - 2017/1/1
Y1 - 2017/1/1
N2 - This paper incorporates a fuzzy process into an abandonment option approach, to investigate the effects of managerial optimism and pessimism when a manager considers whether to abandon capital budgeting decisions or not under conditions of irreversible investment and uncertain market environment. We find that managerial optimism would encourage firms to continue the project, while managerial pessimism would encourage them to liquidate it, when the abandonment option value is located in a fuzzy sentiments region.
AB - This paper incorporates a fuzzy process into an abandonment option approach, to investigate the effects of managerial optimism and pessimism when a manager considers whether to abandon capital budgeting decisions or not under conditions of irreversible investment and uncertain market environment. We find that managerial optimism would encourage firms to continue the project, while managerial pessimism would encourage them to liquidate it, when the abandonment option value is located in a fuzzy sentiments region.
UR - http://www.scopus.com/inward/record.url?scp=85026735880&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85026735880&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-61833-3_29
DO - 10.1007/978-3-319-61833-3_29
M3 - Conference contribution
AN - SCOPUS:85026735880
SN - 9783319618326
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 277
EP - 284
BT - Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings
A2 - Niu, Ben
A2 - Takagi, Hideyuki
A2 - Shi, Yuhui
A2 - Tan, Ying
PB - Springer Verlag
ER -