Real options, an application in projects evaluation in the agricultural sector in Mexico
DOI:
https://doi.org/10.29201/peipn.v13i25.405Keywords:
real options, volatility, investmentAbstract
The objective of this research is to show the advantages offered by the royal options in decision making in the agricultural sector, specifically the area of production of green tomato in Mexico. Using the historical price of the sale in the Central of Supply of Mexico City, obtained from the Sistema Nacional de Información e Integración de Mercados (SNIIM), prove that the price of the tomate present a marked behavior in the period of analysis, while that the trend is soft but statistically significant, so the price could be with certainty estimated. It is found that the methodology of the real options adds value to the project, however, different values were obtained in obtaining the project volatility. The results also suggest that farmers should postpone the harvest period.
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