ROW17 in Lappeenranta 4.-5. October, 2017

The next Real Option Workshop – ROW17 will be held in October 2017 at Lappeenranta University of Technology in Lappeenranta, Finland. The specific dates are the 4th and the 5th of October, 2017.

ROW17 will continue on the footsteps of ROW15 and will be organized to act as a platform for the real option research community to share their ideas and research on real options and other topics relevant to real options. The workshop theme is “Managing innovations” – this is closely related to real options, as innovations are “projects” that typically include a lot of potential, for the analysis of which real options is known to bring a lot to the table. Also decision-making and management analytics issues connected to innovation management are included in the workshop – this means that the scope of the workshop includes also “disciplines outside the real option research” such as operations research and decision-making research.

LINK to ROW17 pages

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Book publication December 2015

Fuzzy Technology

…is the title of a fresh book published by Springer and edited by Mikael Collan, Mario Fedrizzi, and Janusz Kacprzyk. The topic of the book is rather widely the use of fuzzy technology in answering a number of problems. Included are both theoretical and application oriented chapters. You can find the book information here.

The book is also a token of appreciation for the long career of prof. Christer Carlsson, who is one of the pioneers of fuzzy logic in Finland and a long time researcher of real options.

IMG_7845Christer Carlsson (right) and Mikael Collan with the new book at the seminar.

In connection with the publication of the book a seminar was arranged in the new premises of the Department of Information Systems at Åbo Akademi, at a building called “Åhuset” = “river house”, which resides right next to the Aura river that flows through the city of Turku. Present were a dozen or so researchers interested in fuzzy logic and soft computing and some members of the Finnish RO society.

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Some RO relevant publications by FROS members 2015

Collan, M. and Luukka, P., 2015, New Fuzzy Insurance Pricing Method for Giga-Investment Project Insurance, Insurance Mathematics and Economics, 65, 1, 22-29, ISSN 0167-6687, IF 1.128 (2014), (Elsevier) doi:10.1016/j.insmatheco.2015.08.002

Savolainen, J., Collan, M., and Luukka, P., 2015, Modeling profitability of metal mining investments as dynamic techno-economic systems, presented at the Sustainability and Decision Making workshop, GOR WP on Operations Management and Environmental Management, 25.-26.2.2015, Aachen, Germany

Savolainen, J., Collan, M., and Luukka, P., 2015, Using a dynamic system model in ex-ante operational and profitability analysis of a metal mine through simulation, in Diez, P., Neittaanmäki, P., Periaux, J., and Tuovinen, T. (Eds.), book of abstracts of the ECCOMAS CM3 Thematic Conference – New Challenges for the Greening of Transport, 25.-27.5.2015, Jyväskylä, Finland, 97-100

Savolainen, J., Collan, M., and Luukka, P., 2015, Screening early stage metal mining projects – A simulation approach, in Szakal, A. (Ed.),2015, Proceedings of the 19th IEEE International Conference on Intelligent Engineering Systems (INES2015), IEEE, September 3.-5., 2015, Bratislava, Slovakia, 231-236 LINK TO CONFERENCE

Collan, M. (ed.), 2015, Re-print of the proceedings of the international real options workshop 2002, Createspace Inc., ISBN 978-151-514-354-3 LINK

In Proceedings of the ROW15 in Lappeenranta:

Collan, M. and Luukka, P. (Eds.), 2015, Proceedings of the ROW15 – Real Option Workshop, 18.-19.8.2015 Lappeenranta, Finland; LUT Scientific and Expertise Publications, Raportit ja selvitykset – Reports, No. 44, ISBN 978-952-265-835-7 LINK

Savolainen, J., Collan, M., and Luukka, P., 2015, Screening the value of a mining asset portfolio – a simulation approach, in Collan, M. and Luukka, P. (Eds.), 2015, Proceedings of the ROW15 – Real Option Workshop, 18.-19.8.2015 Lappeenranta, Finland; LUT Scientific and Expertise Publications, Raportit ja selvitykset – Reports, No. 44, 13-16 LINK

Kozlova, M., Collan, M., and Luukka, P., 2015, Comparing Datar-Mathews and fuzzy pay-off approaches to real option valuation, in Collan, M. and Luukka, P. (Eds.), 2015, in Proceedings of the ROW15 – Real Option Workshop, 18.-19.8.2015 Lappeenranta, Finland; LUT Scientific and Expertise Publications, Raportit ja selvitykset – Reports, No. 44, 29-35 LINK

Haahtela, T., 2015, Comparison of Diabetes Type I Treatment Total Lifetime Costs: Multiple daily 17injection method vs. advanced hybrid closed-loop insulin pump with continuousglucose monitoring, in Collan, M. and Luukka, P. (Eds.), 2015, Proceedings of the ROW15 – Real Option Workshop, 18.-19.8.2015 Lappeenranta, Finland; LUT Scientific and Expertise Publications, Raportit ja selvitykset – Reports, No. 44, 17-23 LINK

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Seminar on RO in Turku by Prof. Yuri Lawryshyn

Prof. Yuri Lawryshyn from the University of Toronto will hold a seminar on real options on Thursday August the 20th at 10 a.m. at the ICT-building in the premises of Abo Akademi University. The title of Prof. Lawryshyn´s talk is: “Striking a balance between financial rigor and practical relevance with real option analysis”.

YL

Find here the flyer in PDF

Abstract:

The purpose of this seminar will be to review some common real options approaches, discuss their strengths and weaknesses, and then introduce the Matching Method – a methodology that can be incorporated with many of the current real options techniques and provides a mechanism to bridge the gap between the use of managerial cash-flow estimates and accepted financial analysis methodologies. As will be discussed in the talk, the Matching Method is especially well suited for use with fuzzy set theory under the real options context.

Biography of Prof. Lawryshyn:

Yuri Lawryshyn completed a Ph.D. degree in engineering at the University of Toronto specializing in Computational Fluid Dynamics (CFD), an MBA degree at the Richard Ivey Business School (UWO) and a Financial Engineering diploma at the Schulich School of Business. He has worked in a number of industries in research and development, management, marketing and strategy. In 2007, he joined the faculty of Engineering at University of Toronto, specializing in applying financial engineering principles for the valuation of real assets/projects, with specific emphasis in the development of practical approaches to real options valuation.

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ROW15 Proceedings available

ROW15 Real Option Workshop proceedings are available in PDF and also as a paper copy!

Find the proceedings from THIS LINK

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ROW 2015 in Lappeenranta in August

ROW15 – Real Option Workshop August 18.-19., 2015 – Lappeenranta, Finland

The next Real Option Workshop – ROW15 will be held in Lappeenranta, Finland on August 18.-19., 2015 at the Lappeenranta University of Technology. ROW15 is organized to act as a platform for the real option research community to share their ideas and research on real options and other topics relevant to real options.

The workshop theme is: “Real option research in general”. Both, theoretical and application-oriented papers are welcome within the scope of the workshop theme. The workshop is doctoral student friendly in that also work-in-progress papers can be presented.

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2nd Conference on Competence-Based Strategic Management (CBSM) in Magdeburg in September

The 2nd Conference on Competence-Based Strategic Management (CBSM) will be held at the Otto von Guericke University in Magdeburg, Germany from 18th to 20th of  September 2013, jointly with the 8th SKM Symposium.

In the conference there is a minitrack with a real option focus:

Track 8: An Entrepreneurship and Real Options View on Competences
Track Co-Chairs: Kalevi Kyläheiko & Mikael Collan, Lappeenranta University of Technology (Finland)

Link to the conference web site: http://www.skm2013.ovgu.de/index.php

and the PDF Call for Papers can be found directly from THIS LINK

 

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FORS40 workshop proceedings downloadable in PDF

Proceedings of the Finnish Operations Research Society 40th Anniversary Workshop (FORS40) are now available for full PDF download. The proceedings includes also Real Options related papers.

Proceedings of the FORS40 Workshop by mikaelcollan

 

 

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FORS40 Doctoral Consortium Presentations available

Downloadable presentation from this link

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