Evaluation of Software Development Investments : A Real Options Approach

Autores
Sánchez, Marisa Analía; Milanesi, Gastón Silverio
Año de publicación
2011
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
Software development projects are exposed to multiple sources of uncertainty. This uncertainty has an enormous impact in the investment economic value. The variability of a software development project payoff can be represented by the volatility of the project value over the analyzed period. The aim of this work is to define a framework to estimate the volatility of IT investments that takes into account all relevant information that has impact on project value, and show how to use this volatility estimation in a real options analysis. The suggested method could help IT managers produce a well-structured valuation process in software development investment decision-making, and understand the interactions between software process, market environment, financial issues and options value in a clear way.
Sociedad Argentina de Informática e Investigación Operativa
Materia
Ciencias Informáticas
Software economics
Real Options Analysis
Investment Analysis
Risk Management
Software Management
System Dynamics
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/125474
Acceder
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network_name_str SEDICI (UNLP)
spelling Evaluation of Software Development Investments : A Real Options ApproachSánchez, Marisa AnalíaMilanesi, Gastón SilverioCiencias InformáticasSoftware economicsReal Options AnalysisInvestment AnalysisRisk ManagementSoftware ManagementSystem DynamicsSoftware development projects are exposed to multiple sources of uncertainty. This uncertainty has an enormous impact in the investment economic value. The variability of a software development project payoff can be represented by the volatility of the project value over the analyzed period. The aim of this work is to define a framework to estimate the volatility of IT investments that takes into account all relevant information that has impact on project value, and show how to use this volatility estimation in a real options analysis. The suggested method could help IT managers produce a well-structured valuation process in software development investment decision-making, and understand the interactions between software process, market environment, financial issues and options value in a clear way.Sociedad Argentina de Informática e Investigación Operativa2011-09info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdf49-60http://sedici.unlp.edu.ar/handle/10915/125474enginfo:eu-repo/semantics/altIdentifier/url/https://40jaiio.sadio.org.ar/sites/default/files/T2011/ASSE/654.pdfinfo:eu-repo/semantics/altIdentifier/issn/1850-2792info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:30:12Zoai:sedici.unlp.edu.ar:10915/125474Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:30:13.132SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Evaluation of Software Development Investments : A Real Options Approach
title Evaluation of Software Development Investments : A Real Options Approach
spellingShingle Evaluation of Software Development Investments : A Real Options Approach
Sánchez, Marisa Analía
Ciencias Informáticas
Software economics
Real Options Analysis
Investment Analysis
Risk Management
Software Management
System Dynamics
title_short Evaluation of Software Development Investments : A Real Options Approach
title_full Evaluation of Software Development Investments : A Real Options Approach
title_fullStr Evaluation of Software Development Investments : A Real Options Approach
title_full_unstemmed Evaluation of Software Development Investments : A Real Options Approach
title_sort Evaluation of Software Development Investments : A Real Options Approach
dc.creator.none.fl_str_mv Sánchez, Marisa Analía
Milanesi, Gastón Silverio
author Sánchez, Marisa Analía
author_facet Sánchez, Marisa Analía
Milanesi, Gastón Silverio
author_role author
author2 Milanesi, Gastón Silverio
author2_role author
dc.subject.none.fl_str_mv Ciencias Informáticas
Software economics
Real Options Analysis
Investment Analysis
Risk Management
Software Management
System Dynamics
topic Ciencias Informáticas
Software economics
Real Options Analysis
Investment Analysis
Risk Management
Software Management
System Dynamics
dc.description.none.fl_txt_mv Software development projects are exposed to multiple sources of uncertainty. This uncertainty has an enormous impact in the investment economic value. The variability of a software development project payoff can be represented by the volatility of the project value over the analyzed period. The aim of this work is to define a framework to estimate the volatility of IT investments that takes into account all relevant information that has impact on project value, and show how to use this volatility estimation in a real options analysis. The suggested method could help IT managers produce a well-structured valuation process in software development investment decision-making, and understand the interactions between software process, market environment, financial issues and options value in a clear way.
Sociedad Argentina de Informática e Investigación Operativa
description Software development projects are exposed to multiple sources of uncertainty. This uncertainty has an enormous impact in the investment economic value. The variability of a software development project payoff can be represented by the volatility of the project value over the analyzed period. The aim of this work is to define a framework to estimate the volatility of IT investments that takes into account all relevant information that has impact on project value, and show how to use this volatility estimation in a real options analysis. The suggested method could help IT managers produce a well-structured valuation process in software development investment decision-making, and understand the interactions between software process, market environment, financial issues and options value in a clear way.
publishDate 2011
dc.date.none.fl_str_mv 2011-09
dc.type.none.fl_str_mv info:eu-repo/semantics/conferenceObject
info:eu-repo/semantics/publishedVersion
Objeto de conferencia
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info:ar-repo/semantics/documentoDeConferencia
format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/125474
url http://sedici.unlp.edu.ar/handle/10915/125474
dc.language.none.fl_str_mv eng
language eng
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info:eu-repo/semantics/altIdentifier/issn/1850-2792
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
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Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0/
Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
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49-60
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instname:Universidad Nacional de La Plata
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reponame_str SEDICI (UNLP)
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instname_str Universidad Nacional de La Plata
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repository.name.fl_str_mv SEDICI (UNLP) - Universidad Nacional de La Plata
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