Flexibility and Sequential Investment Analysis

융통성(融通性)과 순차적(順次的) 투자분석(投資分析)

Information on the future availability of invested funds provides a decision maker with additional insight into the characteristics of alternatives in sequential investment analysis. The flexibilty to pursue newly emergent investment opportunities is an important property of decision alternatives that describes the future mobility of invested funds. The primary purpose of this paper is to propose a method for measuring flexibility using the concept of negative project balance with project abandonment option.