Term
| the right to change a decision regarding real assets based upon new information |
|
Definition
|
|
Term
| the right to stop a project if events unfold that make continuation of the project undesirable |
|
Definition
|
|
Term
| points in a decision tree when decisions need to be made |
|
Definition
|
|
Term
| points in a decision tree when relevant new information arrives that is outside the decision maker's control |
|
Definition
|
|
Term
| solving a problem by starting at the last time period and then moving back in time until the current decision is reached |
|
Definition
|
|
