{"id":"https://openalex.org/W1544362876","doi":"https://doi.org/10.1109/bife.2009.47","title":"A Fuzzy Pay-Off Method for Real Option Valuation","display_name":"A Fuzzy Pay-Off Method for Real Option Valuation","publication_year":2009,"publication_date":"2009-06-17","ids":{"openalex":"https://openalex.org/W1544362876","doi":"https://doi.org/10.1109/bife.2009.47","mag":"1544362876"},"language":"en","primary_location":{"id":"doi:10.1109/bife.2009.47","is_oa":false,"landing_page_url":"https://doi.org/10.1109/bife.2009.47","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2009 International Conference on Business Intelligence and Financial Engineering","raw_type":"proceedings-article"},"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://downloads.hindawi.com/archive/2009/238196.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5011515331","display_name":"Mikael Collan","orcid":"https://orcid.org/0000-0003-2976-2829"},"institutions":[{"id":"https://openalex.org/I130217899","display_name":"\u00c5bo Akademi University","ror":"https://ror.org/029pk6x14","country_code":"FI","type":"education","lineage":["https://openalex.org/I130217899"]}],"countries":["FI"],"is_corresponding":true,"raw_author_name":"Mikael Collan","raw_affiliation_strings":["IAMSR, \u00c5bo Akademi University, Joukahaisenkatu 3-5 A, 20520 Turku, Finland"],"affiliations":[{"raw_affiliation_string":"IAMSR, \u00c5bo Akademi University, Joukahaisenkatu 3-5 A, 20520 Turku, Finland","institution_ids":["https://openalex.org/I130217899"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5022416584","display_name":"Robert C. Fuller","orcid":"https://orcid.org/0000-0002-4146-0885"},"institutions":[{"id":"https://openalex.org/I130217899","display_name":"\u00c5bo Akademi University","ror":"https://ror.org/029pk6x14","country_code":"FI","type":"education","lineage":["https://openalex.org/I130217899"]}],"countries":["FI"],"is_corresponding":false,"raw_author_name":"Robert Full\u00e9r","raw_affiliation_strings":["IAMSR, \u00c5bo Akademi University, Joukahaisenkatu 3-5 A, 20520 Turku, Finland"],"affiliations":[{"raw_affiliation_string":"IAMSR, \u00c5bo Akademi University, Joukahaisenkatu 3-5 A, 20520 Turku, Finland","institution_ids":["https://openalex.org/I130217899"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5075433351","display_name":"J\u00f3zsef Mezei","orcid":"https://orcid.org/0000-0002-2156-8549"},"institutions":[{"id":"https://openalex.org/I183173800","display_name":"Turku Centre for Computer Science","ror":"https://ror.org/00vy7ed73","country_code":"FI","type":"facility","lineage":["https://openalex.org/I130217899","https://openalex.org/I155660961","https://openalex.org/I183173800"]}],"countries":["FI"],"is_corresponding":false,"raw_author_name":"J\u00f3zsef Mezei","raw_affiliation_strings":["Turku Centre for Computer Science, Joukahaisenkatu 3-5 B, 20520 Turku, Finland"],"affiliations":[{"raw_affiliation_string":"Turku Centre for Computer Science, Joukahaisenkatu 3-5 B, 20520 Turku, Finland","institution_ids":["https://openalex.org/I183173800"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5011515331"],"corresponding_institution_ids":["https://openalex.org/I130217899"],"apc_list":null,"apc_paid":null,"fwci":0.59823357,"has_fulltext":false,"cited_by_count":7,"citation_normalized_percentile":{"value":0.77109811,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":96},"biblio":{"volume":"2009","issue":null,"first_page":"1","last_page":"14"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9653000235557556,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9653000235557556,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/valuation","display_name":"Valuation (finance)","score":0.8428356647491455},{"id":"https://openalex.org/keywords/fuzzy-logic","display_name":"Fuzzy logic","score":0.6271733045578003},{"id":"https://openalex.org/keywords/valuation-of-options","display_name":"Valuation of options","score":0.5755318403244019},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5072714686393738},{"id":"https://openalex.org/keywords/profitability-index","display_name":"Profitability index","score":0.4668121337890625},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.41473034024238586},{"id":"https://openalex.org/keywords/income-approach","display_name":"Income approach","score":0.41200122237205505},{"id":"https://openalex.org/keywords/asian-option","display_name":"Asian option","score":0.4109684228897095},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3145263195037842},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.19639989733695984},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.18640437722206116},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.11328035593032837}],"concepts":[{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.8428356647491455},{"id":"https://openalex.org/C58166","wikidata":"https://www.wikidata.org/wiki/Q224821","display_name":"Fuzzy logic","level":2,"score":0.6271733045578003},{"id":"https://openalex.org/C194483076","wikidata":"https://www.wikidata.org/wiki/Q380382","display_name":"Valuation of options","level":2,"score":0.5755318403244019},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5072714686393738},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.4668121337890625},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.41473034024238586},{"id":"https://openalex.org/C205664371","wikidata":"https://www.wikidata.org/wiki/Q17050450","display_name":"Income approach","level":3,"score":0.41200122237205505},{"id":"https://openalex.org/C1898038","wikidata":"https://www.wikidata.org/wiki/Q728255","display_name":"Asian option","level":3,"score":0.4109684228897095},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3145263195037842},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.19639989733695984},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.18640437722206116},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.11328035593032837}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.1109/bife.2009.47","is_oa":false,"landing_page_url":"https://doi.org/10.1109/bife.2009.47","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2009 International Conference on Business Intelligence and Financial Engineering","raw_type":"proceedings-article"},{"id":"doi:10.1155/2009/238196","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2009/238196","pdf_url":"https://downloads.hindawi.com/archive/2009/238196.pdf","source":{"id":"https://openalex.org/S187318915","display_name":"Journal of Applied Mathematics and Decision Sciences","issn_l":"1173-9126","issn":["1173-9126","1532-7612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences","raw_type":"journal-article"},{"id":"pmh:oai::13601","is_oa":false,"landing_page_url":null,"pdf_url":null,"source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},{"id":"mag:1544362876","is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:pra:mprapa:13601","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3148562614","is_oa":false,"landing_page_url":"https://ideas.repec.org/p/pra/mprapa/13601.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306520297","display_name":"MPRA Paper","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"MPRA Paper","raw_type":null},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.534.2962","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.534.2962","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://mpra.ub.uni-muenchen.de/13601/2/MPRA_paper_13601.pdf","raw_type":"text"},{"id":"pmh:oai:pure.atira.dk:publications/e693185f-9466-4c78-92c0-ec56c5d4a74d","is_oa":false,"landing_page_url":"https://research.abo.fi/en/publications/e693185f-9466-4c78-92c0-ec56c5d4a74d","pdf_url":null,"source":{"id":"https://openalex.org/S4306400216","display_name":"Research Portal (King's College London)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I183935753","host_organization_name":"King's College London","host_organization_lineage":["https://openalex.org/I183935753"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Collan , M , Full\u00e9r , R & Mezei , J 2009 , ' A fuzzy pay-off method for real option valuation ' , Journal of Applied Mathematics and Decision Sciences , pp. \u2013 . https://doi.org/10.1155/2009/238196","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2009/238196","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2009/238196","pdf_url":"https://downloads.hindawi.com/archive/2009/238196.pdf","source":{"id":"https://openalex.org/S187318915","display_name":"Journal of Applied Mathematics and Decision Sciences","issn_l":"1173-9126","issn":["1173-9126","1532-7612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Mathematics and Decision Sciences","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.5899999737739563,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1544362876.pdf","grobid_xml":"https://content.openalex.org/works/W1544362876.grobid-xml"},"referenced_works_count":17,"referenced_works":["https://openalex.org/W1679098507","https://openalex.org/W1967056914","https://openalex.org/W1968509795","https://openalex.org/W1982039177","https://openalex.org/W1986084950","https://openalex.org/W2000580923","https://openalex.org/W2024640804","https://openalex.org/W2041752756","https://openalex.org/W2045114250","https://openalex.org/W2077791698","https://openalex.org/W2146612430","https://openalex.org/W2148083797","https://openalex.org/W2305390810","https://openalex.org/W4211007335","https://openalex.org/W4239868459","https://openalex.org/W4292158025","https://openalex.org/W7011586376"],"related_works":["https://openalex.org/W3148562614","https://openalex.org/W1558374156","https://openalex.org/W2129428887","https://openalex.org/W2987757235","https://openalex.org/W1041477521","https://openalex.org/W2349410402","https://openalex.org/W2059695117","https://openalex.org/W2013140146","https://openalex.org/W2349334690","https://openalex.org/W1997471613","https://openalex.org/W2375735545","https://openalex.org/W2343346159","https://openalex.org/W187522655","https://openalex.org/W2027135800","https://openalex.org/W2059327471","https://openalex.org/W2470943975","https://openalex.org/W2490186639","https://openalex.org/W2093570098","https://openalex.org/W2049891749","https://openalex.org/W2182518579"],"abstract_inverted_index":{"Real":[0,31],"option":[1,32,63,82,95,102,118],"analysis":[2,58],"offers":[3],"interesting":[4],"insights":[5],"on":[6,12,90],"the":[7,13,48,127,138,144],"value":[8],"of":[9,15,25,129,131,134,143],"assets":[10],"and":[11,28,43,57,68,98,110,140],"profitability":[14],"investments,":[16],"which":[17],"has":[18],"made":[19,61],"real":[20,62,81,94,101,117],"options":[21],"a":[22,74],"growing":[23],"field":[24],"academic":[26],"research":[27],"practical":[29],"application.":[30],"valuation":[33,64,83,96,119],"is,":[34],"however,":[35],"often":[36],"found":[37],"to":[38,41,44,47,66,69,108,121],"be":[39],"difficult":[40],"understand":[42,67,109],"implement":[45],"due":[46],"quite":[49],"complex":[50],"mathematics":[51],"involved.":[52],"Recent":[53],"advances":[54],"in":[55,147],"modeling":[56],"methods":[59,97],"have":[60],"easier":[65],"implement.":[70],"This":[71],"paper":[72,124],"presents":[73,126],"new":[75,145],"method":[76,105,139,146],"(fuzzy":[77],"pay-off":[78],"method)":[79],"for":[80],"using":[84],"fuzzy":[85,100,135],"numbers":[86,136],"that":[87],"is":[88,106],"based":[89],"findings":[91],"from":[92,99],"earlier":[93],"valuation.":[103],"The":[104,123],"intuitive":[107],"far":[111],"less":[112],"complicated":[113],"than":[114],"any":[115],"previous":[116],"model":[120],"date.":[122],"also":[125],"use":[128],"number":[130],"different":[132],"types":[133],"with":[137],"an":[141,148],"application":[142],"industry":[149],"setting.":[150]},"counts_by_year":[{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":2}],"updated_date":"2026-02-09T09:26:11.010843","created_date":"2025-10-10T00:00:00"}