Examinando por Autor "Mendoza Estrada, Maria Cristina"
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Ítem Opciones reales en el sector de la construcción(Universidad EAFIT, 2019) Mendoza Estrada, Maria Cristina; Montoya Duque, Nicolas; Támara Ayús, Armando LenínReal options have become a key element when it comes to valuing investment projects, especially when they have the option of deferring the investment. This work values a real estate project incorporating the option of deferring the beginning of its constructionfor for a period of five years, the methodology used to calculate the option value was binomial trees, where volatility was calculated based on the project cash flows. The results provide evidence confirming that the option value increases the total project value by 58%.