id	sid	tid	token	lemma	pos
work_ijodnynjfzg6pajray343ungoq	1	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	1	2	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	1	3	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	1	4	option	option	NN
work_ijodnynjfzg6pajray343ungoq	1	5	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	1	6	for	for	IN
work_ijodnynjfzg6pajray343ungoq	1	7	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	1	8	project	project	NN
work_ijodnynjfzg6pajray343ungoq	1	9	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	1	10	Expert	expert	NN
work_ijodnynjfzg6pajray343ungoq	1	11	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	1	12	with	with	IN
work_ijodnynjfzg6pajray343ungoq	1	13	Applications	Applications	NNP
work_ijodnynjfzg6pajray343ungoq	1	14	38	38	CD
work_ijodnynjfzg6pajray343ungoq	1	15	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	1	16	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	1	17	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	1	18	15296–15302	15296–15302	CD
work_ijodnynjfzg6pajray343ungoq	1	19	Contents	Contents	NNP
work_ijodnynjfzg6pajray343ungoq	1	20	lists	list	NNS
work_ijodnynjfzg6pajray343ungoq	1	21	available	available	JJ
work_ijodnynjfzg6pajray343ungoq	1	22	at	at	IN
work_ijodnynjfzg6pajray343ungoq	1	23	ScienceDirect	ScienceDirect	NNP
work_ijodnynjfzg6pajray343ungoq	1	24	Expert	Expert	NNP
work_ijodnynjfzg6pajray343ungoq	1	25	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	1	26	with	with	IN
work_ijodnynjfzg6pajray343ungoq	1	27	Applications	Applications	NNPS
work_ijodnynjfzg6pajray343ungoq	1	28	j	j	NNP
work_ijodnynjfzg6pajray343ungoq	1	29	o	o	NNP
work_ijodnynjfzg6pajray343ungoq	1	30	u	u	NNP
work_ijodnynjfzg6pajray343ungoq	1	31	r	r	NNP
work_ijodnynjfzg6pajray343ungoq	1	32	n	n	CC
work_ijodnynjfzg6pajray343ungoq	1	33	a	a	DT
work_ijodnynjfzg6pajray343ungoq	1	34	l	l	NN
work_ijodnynjfzg6pajray343ungoq	1	35	h	h	NN
work_ijodnynjfzg6pajray343ungoq	1	36	o	o	NN
work_ijodnynjfzg6pajray343ungoq	1	37	m	m	NN
work_ijodnynjfzg6pajray343ungoq	1	38	e	e	NNP
work_ijodnynjfzg6pajray343ungoq	1	39	p	p	NN
work_ijodnynjfzg6pajray343ungoq	1	40	a	a	DT
work_ijodnynjfzg6pajray343ungoq	1	41	g	g	NN
work_ijodnynjfzg6pajray343ungoq	1	42	e	e	NN
work_ijodnynjfzg6pajray343ungoq	1	43	:	:	:
work_ijodnynjfzg6pajray343ungoq	1	44	w	w	NNP
work_ijodnynjfzg6pajray343ungoq	1	45	w	w	NNP
work_ijodnynjfzg6pajray343ungoq	1	46	w	w	NNP
work_ijodnynjfzg6pajray343ungoq	1	47	.	.	.
work_ijodnynjfzg6pajray343ungoq	2	1	e	e	NNP
work_ijodnynjfzg6pajray343ungoq	2	2	l	l	NNP
work_ijodnynjfzg6pajray343ungoq	2	3	s	s	NNP
work_ijodnynjfzg6pajray343ungoq	2	4	e	e	NNP
work_ijodnynjfzg6pajray343ungoq	2	5	v	v	NNP
work_ijodnynjfzg6pajray343ungoq	2	6	i	i	NNP
work_ijodnynjfzg6pajray343ungoq	2	7	e	e	NNP
work_ijodnynjfzg6pajray343ungoq	2	8	r	r	NNP
work_ijodnynjfzg6pajray343ungoq	2	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	3	1	c	c	NNP
work_ijodnynjfzg6pajray343ungoq	3	2	o	o	NNP
work_ijodnynjfzg6pajray343ungoq	3	3	m	m	NNP
work_ijodnynjfzg6pajray343ungoq	3	4	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	3	5	l	l	NN
work_ijodnynjfzg6pajray343ungoq	3	6	o	o	NN
work_ijodnynjfzg6pajray343ungoq	3	7	c	c	NNP
work_ijodnynjfzg6pajray343ungoq	3	8	a	a	DT
work_ijodnynjfzg6pajray343ungoq	3	9	t	t	NN
work_ijodnynjfzg6pajray343ungoq	3	10	e	e	NN
work_ijodnynjfzg6pajray343ungoq	3	11	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	3	12	e	e	NNP
work_ijodnynjfzg6pajray343ungoq	3	13	s	s	NNP
work_ijodnynjfzg6pajray343ungoq	3	14	w	w	NNP
work_ijodnynjfzg6pajray343ungoq	3	15	a	a	DT
work_ijodnynjfzg6pajray343ungoq	3	16	A	A	NNP
work_ijodnynjfzg6pajray343ungoq	3	17	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	3	18	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	3	19	option	option	NN
work_ijodnynjfzg6pajray343ungoq	3	20	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	3	21	for	for	IN
work_ijodnynjfzg6pajray343ungoq	3	22	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	3	23	project	project	NN
work_ijodnynjfzg6pajray343ungoq	3	24	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	3	25	Shiu	Shiu	NNP
work_ijodnynjfzg6pajray343ungoq	3	26	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	3	27	Hwei	Hwei	NNP
work_ijodnynjfzg6pajray343ungoq	3	28	Ho	Ho	NNP
work_ijodnynjfzg6pajray343ungoq	3	29	a	a	NNP
work_ijodnynjfzg6pajray343ungoq	3	30	,	,	,
work_ijodnynjfzg6pajray343ungoq	3	31	⇑	⇑	CD
work_ijodnynjfzg6pajray343ungoq	3	32	,	,	,
work_ijodnynjfzg6pajray343ungoq	3	33	Shu	Shu	NNP
work_ijodnynjfzg6pajray343ungoq	3	34	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	3	35	Hsien	Hsien	NNP
work_ijodnynjfzg6pajray343ungoq	3	36	Liao	Liao	NNP
work_ijodnynjfzg6pajray343ungoq	3	37	b	b	NN
work_ijodnynjfzg6pajray343ungoq	3	38	a	a	DT
work_ijodnynjfzg6pajray343ungoq	3	39	Department	Department	NNP
work_ijodnynjfzg6pajray343ungoq	3	40	of	of	IN
work_ijodnynjfzg6pajray343ungoq	3	41	Business	Business	NNP
work_ijodnynjfzg6pajray343ungoq	3	42	Administration	Administration	NNP
work_ijodnynjfzg6pajray343ungoq	3	43	,	,	,
work_ijodnynjfzg6pajray343ungoq	3	44	Technology	Technology	NNP
work_ijodnynjfzg6pajray343ungoq	3	45	and	and	CC
work_ijodnynjfzg6pajray343ungoq	3	46	Science	Science	NNP
work_ijodnynjfzg6pajray343ungoq	3	47	Institute	Institute	NNP
work_ijodnynjfzg6pajray343ungoq	3	48	of	of	IN
work_ijodnynjfzg6pajray343ungoq	3	49	Northern	Northern	NNP
work_ijodnynjfzg6pajray343ungoq	3	50	Taiwan	Taiwan	NNP
work_ijodnynjfzg6pajray343ungoq	3	51	,	,	,
work_ijodnynjfzg6pajray343ungoq	3	52	No	no	UH
work_ijodnynjfzg6pajray343ungoq	3	53	.	.	.
work_ijodnynjfzg6pajray343ungoq	4	1	2	2	LS
work_ijodnynjfzg6pajray343ungoq	4	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	4	3	Xueyuan	Xueyuan	NNP
work_ijodnynjfzg6pajray343ungoq	4	4	Road	Road	NNP
work_ijodnynjfzg6pajray343ungoq	4	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	4	6	Peitou	Peitou	NNP
work_ijodnynjfzg6pajray343ungoq	4	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	4	8	112	112	CD
work_ijodnynjfzg6pajray343ungoq	4	9	Taipei	Taipei	NNP
work_ijodnynjfzg6pajray343ungoq	4	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	4	11	Taiwan	Taiwan	NNP
work_ijodnynjfzg6pajray343ungoq	4	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	4	13	ROC	ROC	NNP
work_ijodnynjfzg6pajray343ungoq	4	14	b	b	NNP
work_ijodnynjfzg6pajray343ungoq	4	15	Graduate	Graduate	NNP
work_ijodnynjfzg6pajray343ungoq	4	16	Institute	Institute	NNP
work_ijodnynjfzg6pajray343ungoq	4	17	of	of	IN
work_ijodnynjfzg6pajray343ungoq	4	18	Management	Management	NNP
work_ijodnynjfzg6pajray343ungoq	4	19	Sciences	Sciences	NNPS
work_ijodnynjfzg6pajray343ungoq	4	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	4	21	Tamkang	Tamkang	NNP
work_ijodnynjfzg6pajray343ungoq	4	22	University	University	NNP
work_ijodnynjfzg6pajray343ungoq	4	23	,	,	,
work_ijodnynjfzg6pajray343ungoq	4	24	No	no	UH
work_ijodnynjfzg6pajray343ungoq	4	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	5	1	151	151	CD
work_ijodnynjfzg6pajray343ungoq	5	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	5	3	Yingchuan	Yingchuan	NNP
work_ijodnynjfzg6pajray343ungoq	5	4	Road	Road	NNP
work_ijodnynjfzg6pajray343ungoq	5	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	5	6	Tamsui	Tamsui	NNP
work_ijodnynjfzg6pajray343ungoq	5	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	5	8	25137	25137	CD
work_ijodnynjfzg6pajray343ungoq	5	9	Taipei	Taipei	NNP
work_ijodnynjfzg6pajray343ungoq	5	10	County	County	NNP
work_ijodnynjfzg6pajray343ungoq	5	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	5	12	Taiwan	Taiwan	NNP
work_ijodnynjfzg6pajray343ungoq	5	13	,	,	,
work_ijodnynjfzg6pajray343ungoq	5	14	ROC	ROC	NNP
work_ijodnynjfzg6pajray343ungoq	5	15	a	a	DT
work_ijodnynjfzg6pajray343ungoq	5	16	r	r	NN
work_ijodnynjfzg6pajray343ungoq	5	17	t	t	NN
work_ijodnynjfzg6pajray343ungoq	5	18	i	i	NN
work_ijodnynjfzg6pajray343ungoq	5	19	c	c	NN
work_ijodnynjfzg6pajray343ungoq	5	20	l	l	NN
work_ijodnynjfzg6pajray343ungoq	5	21	e	e	NNP
work_ijodnynjfzg6pajray343ungoq	5	22	i	i	NNP
work_ijodnynjfzg6pajray343ungoq	5	23	n	n	CC
work_ijodnynjfzg6pajray343ungoq	5	24	f	f	NNP
work_ijodnynjfzg6pajray343ungoq	5	25	o	o	NNP
work_ijodnynjfzg6pajray343ungoq	5	26	a	a	DT
work_ijodnynjfzg6pajray343ungoq	5	27	b	b	NNP
work_ijodnynjfzg6pajray343ungoq	5	28	s	s	NNP
work_ijodnynjfzg6pajray343ungoq	5	29	t	t	NN
work_ijodnynjfzg6pajray343ungoq	5	30	r	r	NNP
work_ijodnynjfzg6pajray343ungoq	5	31	a	a	DT
work_ijodnynjfzg6pajray343ungoq	5	32	c	c	NN
work_ijodnynjfzg6pajray343ungoq	5	33	t	t	NN
work_ijodnynjfzg6pajray343ungoq	5	34	Keywords	keyword	NNS
work_ijodnynjfzg6pajray343ungoq	5	35	:	:	:
work_ijodnynjfzg6pajray343ungoq	5	36	Project	project	NN
work_ijodnynjfzg6pajray343ungoq	5	37	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	5	38	Real	real	JJ
work_ijodnynjfzg6pajray343ungoq	5	39	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	5	40	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	5	41	numbers	number	VBZ
work_ijodnynjfzg6pajray343ungoq	5	42	Flexibility	Flexibility	NNP
work_ijodnynjfzg6pajray343ungoq	5	43	Uncertainty	Uncertainty	NNP
work_ijodnynjfzg6pajray343ungoq	5	44	0957	0957	CD
work_ijodnynjfzg6pajray343ungoq	5	45	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	5	46	4174/$	4174/$	CD
work_ijodnynjfzg6pajray343ungoq	5	47	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	5	48	see	see	VB
work_ijodnynjfzg6pajray343ungoq	5	49	front	front	NN
work_ijodnynjfzg6pajray343ungoq	5	50	matter	matter	NN
work_ijodnynjfzg6pajray343ungoq	5	51	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	5	52	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	5	53	Elsevier	Elsevier	NNP
work_ijodnynjfzg6pajray343ungoq	5	54	Ltd.	Ltd.	NNP
work_ijodnynjfzg6pajray343ungoq	5	55	A	a	DT
work_ijodnynjfzg6pajray343ungoq	5	56	doi:10.1016	doi:10.1016	JJ
work_ijodnynjfzg6pajray343ungoq	5	57	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	5	58	j.eswa.2011.06.010	j.eswa.2011.06.010	$
work_ijodnynjfzg6pajray343ungoq	5	59	⇑	⇑	CD
work_ijodnynjfzg6pajray343ungoq	5	60	Corresponding	Corresponding	NNP
work_ijodnynjfzg6pajray343ungoq	5	61	author	author	NN
work_ijodnynjfzg6pajray343ungoq	5	62	.	.	.
work_ijodnynjfzg6pajray343ungoq	6	1	E	e	NN
work_ijodnynjfzg6pajray343ungoq	6	2	-	-	NN
work_ijodnynjfzg6pajray343ungoq	6	3	mail	mail	NN
work_ijodnynjfzg6pajray343ungoq	6	4	addresses	address	NNS
work_ijodnynjfzg6pajray343ungoq	6	5	:	:	:
work_ijodnynjfzg6pajray343ungoq	6	6	succ04.dba@msa.hinet.net	succ04.dba@msa.hinet.net	NN
work_ijodnynjfzg6pajray343ungoq	6	7	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	6	8	S	S	NNP
work_ijodnynjfzg6pajray343ungoq	6	9	edu.tw	edu.tw	NNP
work_ijodnynjfzg6pajray343ungoq	6	10	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	6	11	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	6	12	Liao	Liao	NNP
work_ijodnynjfzg6pajray343ungoq	6	13	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	6	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	7	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	7	2	main	main	JJ
work_ijodnynjfzg6pajray343ungoq	7	3	purpose	purpose	NN
work_ijodnynjfzg6pajray343ungoq	7	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	7	5	this	this	DT
work_ijodnynjfzg6pajray343ungoq	7	6	paper	paper	NN
work_ijodnynjfzg6pajray343ungoq	7	7	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	7	8	to	to	TO
work_ijodnynjfzg6pajray343ungoq	7	9	propose	propose	VB
work_ijodnynjfzg6pajray343ungoq	7	10	a	a	DT
work_ijodnynjfzg6pajray343ungoq	7	11	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	7	12	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	7	13	for	for	IN
work_ijodnynjfzg6pajray343ungoq	7	14	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	7	15	project	project	NN
work_ijodnynjfzg6pajray343ungoq	7	16	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	7	17	in	in	IN
work_ijodnynjfzg6pajray343ungoq	7	18	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	7	19	environments	environment	NNS
work_ijodnynjfzg6pajray343ungoq	7	20	from	from	IN
work_ijodnynjfzg6pajray343ungoq	7	21	the	the	DT
work_ijodnynjfzg6pajray343ungoq	7	22	aspect	aspect	NN
work_ijodnynjfzg6pajray343ungoq	7	23	of	of	IN
work_ijodnynjfzg6pajray343ungoq	7	24	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	7	25	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	7	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	8	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	8	2	traditional	traditional	JJ
work_ijodnynjfzg6pajray343ungoq	8	3	approaches	approach	NNS
work_ijodnynjfzg6pajray343ungoq	8	4	to	to	TO
work_ijodnynjfzg6pajray343ungoq	8	5	project	project	NN
work_ijodnynjfzg6pajray343ungoq	8	6	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	8	7	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	8	8	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	8	9	on	on	IN
work_ijodnynjfzg6pajray343ungoq	8	10	discounted	discount	VBN
work_ijodnynjfzg6pajray343ungoq	8	11	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	8	12	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	8	13	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	8	14	DCF	DCF	NNP
work_ijodnynjfzg6pajray343ungoq	8	15	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	8	16	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	8	17	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	8	18	provides	provide	VBZ
work_ijodnynjfzg6pajray343ungoq	8	19	measures	measure	NNS
work_ijodnynjfzg6pajray343ungoq	8	20	like	like	IN
work_ijodnynjfzg6pajray343ungoq	8	21	net	net	JJ
work_ijodnynjfzg6pajray343ungoq	8	22	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	8	23	value	value	NN
work_ijodnynjfzg6pajray343ungoq	8	24	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	8	25	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	8	26	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	8	27	and	and	CC
work_ijodnynjfzg6pajray343ungoq	8	28	internal	internal	JJ
work_ijodnynjfzg6pajray343ungoq	8	29	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	8	30	of	of	IN
work_ijodnynjfzg6pajray343ungoq	8	31	return	return	NN
work_ijodnynjfzg6pajray343ungoq	8	32	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	8	33	IRR	IRR	NNP
work_ijodnynjfzg6pajray343ungoq	8	34	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	8	35	.	.	.
work_ijodnynjfzg6pajray343ungoq	9	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	9	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	9	3	DCF	DCF	NNP
work_ijodnynjfzg6pajray343ungoq	9	4	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	9	5	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	9	6	approaches	approach	NNS
work_ijodnynjfzg6pajray343ungoq	9	7	exhibit	exhibit	VBP
work_ijodnynjfzg6pajray343ungoq	9	8	two	two	CD
work_ijodnynjfzg6pajray343ungoq	9	9	major	major	JJ
work_ijodnynjfzg6pajray343ungoq	9	10	pitfalls	pitfall	NNS
work_ijodnynjfzg6pajray343ungoq	9	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	10	1	One	one	CD
work_ijodnynjfzg6pajray343ungoq	10	2	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	10	3	that	that	IN
work_ijodnynjfzg6pajray343ungoq	10	4	DCF	DCF	NNP
work_ijodnynjfzg6pajray343ungoq	10	5	parameters	parameter	NNS
work_ijodnynjfzg6pajray343ungoq	10	6	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	10	7	as	as	IN
work_ijodnynjfzg6pajray343ungoq	10	8	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	10	9	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	10	10	can	can	MD
work_ijodnynjfzg6pajray343ungoq	10	11	not	not	RB
work_ijodnynjfzg6pajray343ungoq	10	12	be	be	VB
work_ijodnynjfzg6pajray343ungoq	10	13	estimated	estimate	VBN
work_ijodnynjfzg6pajray343ungoq	10	14	precisely	precisely	RB
work_ijodnynjfzg6pajray343ungoq	10	15	in	in	IN
work_ijodnynjfzg6pajray343ungoq	10	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	10	17	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	10	18	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	10	19	making	make	VBG
work_ijodnynjfzg6pajray343ungoq	10	20	environments	environment	NNS
work_ijodnynjfzg6pajray343ungoq	10	21	.	.	.
work_ijodnynjfzg6pajray343ungoq	11	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	11	2	other	other	JJ
work_ijodnynjfzg6pajray343ungoq	11	3	one	one	CD
work_ijodnynjfzg6pajray343ungoq	11	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	11	5	that	that	IN
work_ijodnynjfzg6pajray343ungoq	11	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	11	7	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	11	8	of	of	IN
work_ijodnynjfzg6pajray343ungoq	11	9	managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	11	10	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	11	11	in	in	IN
work_ijodnynjfzg6pajray343ungoq	11	12	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	11	13	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	11	14	can	can	MD
work_ijodnynjfzg6pajray343ungoq	11	15	not	not	RB
work_ijodnynjfzg6pajray343ungoq	11	16	be	be	VB
work_ijodnynjfzg6pajray343ungoq	11	17	exactly	exactly	RB
work_ijodnynjfzg6pajray343ungoq	11	18	revealed	reveal	VBN
work_ijodnynjfzg6pajray343ungoq	11	19	through	through	IN
work_ijodnynjfzg6pajray343ungoq	11	20	DCF	DCF	NNP
work_ijodnynjfzg6pajray343ungoq	11	21	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	11	22	.	.	.
work_ijodnynjfzg6pajray343ungoq	12	1	Both	both	DT
work_ijodnynjfzg6pajray343ungoq	12	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	12	3	them	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	12	4	would	would	MD
work_ijodnynjfzg6pajray343ungoq	12	5	entail	entail	VB
work_ijodnynjfzg6pajray343ungoq	12	6	improper	improper	JJ
work_ijodnynjfzg6pajray343ungoq	12	7	results	result	NNS
work_ijodnynjfzg6pajray343ungoq	12	8	on	on	IN
work_ijodnynjfzg6pajray343ungoq	12	9	strategic	strategic	JJ
work_ijodnynjfzg6pajray343ungoq	12	10	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	12	11	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	12	12	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	12	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	13	1	There-	There-	NNP
work_ijodnynjfzg6pajray343ungoq	13	2	fore	fore	NN
work_ijodnynjfzg6pajray343ungoq	13	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	13	4	this	this	DT
work_ijodnynjfzg6pajray343ungoq	13	5	paper	paper	NN
work_ijodnynjfzg6pajray343ungoq	13	6	proposes	propose	VBZ
work_ijodnynjfzg6pajray343ungoq	13	7	a	a	DT
work_ijodnynjfzg6pajray343ungoq	13	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	13	9	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	13	10	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	13	11	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	13	12	can	can	MD
work_ijodnynjfzg6pajray343ungoq	13	13	be	be	VB
work_ijodnynjfzg6pajray343ungoq	13	14	used	use	VBN
work_ijodnynjfzg6pajray343ungoq	13	15	in	in	IN
work_ijodnynjfzg6pajray343ungoq	13	16	project	project	NN
work_ijodnynjfzg6pajray343ungoq	13	17	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	13	18	under	under	IN
work_ijodnynjfzg6pajray343ungoq	13	19	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	13	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	14	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	14	2	proposed	propose	VBN
work_ijodnynjfzg6pajray343ungoq	14	3	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	14	4	also	also	RB
work_ijodnynjfzg6pajray343ungoq	14	5	reveals	reveal	VBZ
work_ijodnynjfzg6pajray343ungoq	14	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	14	7	value	value	NN
work_ijodnynjfzg6pajray343ungoq	14	8	of	of	IN
work_ijodnynjfzg6pajray343ungoq	14	9	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	14	10	embedded	embed	VBN
work_ijodnynjfzg6pajray343ungoq	14	11	in	in	IN
work_ijodnynjfzg6pajray343ungoq	14	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	14	13	project	project	NN
work_ijodnynjfzg6pajray343ungoq	14	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	15	1	Furthermore	furthermore	RB
work_ijodnynjfzg6pajray343ungoq	15	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	15	3	this	this	DT
work_ijodnynjfzg6pajray343ungoq	15	4	paper	paper	NN
work_ijodnynjfzg6pajray343ungoq	15	5	provides	provide	VBZ
work_ijodnynjfzg6pajray343ungoq	15	6	a	a	DT
work_ijodnynjfzg6pajray343ungoq	15	7	method	method	NN
work_ijodnynjfzg6pajray343ungoq	15	8	to	to	TO
work_ijodnynjfzg6pajray343ungoq	15	9	compute	compute	VB
work_ijodnynjfzg6pajray343ungoq	15	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	15	11	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	15	12	value	value	NN
work_ijodnynjfzg6pajray343ungoq	15	13	of	of	IN
work_ijodnynjfzg6pajray343ungoq	15	14	a	a	DT
work_ijodnynjfzg6pajray343ungoq	15	15	project	project	NN
work_ijodnynjfzg6pajray343ungoq	15	16	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	15	17	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	15	18	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	15	19	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	15	20	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	15	21	represents	represent	VBZ
work_ijodnynjfzg6pajray343ungoq	15	22	the	the	DT
work_ijodnynjfzg6pajray343ungoq	15	23	entire	entire	JJ
work_ijodnynjfzg6pajray343ungoq	15	24	value	value	NN
work_ijodnynjfzg6pajray343ungoq	15	25	of	of	IN
work_ijodnynjfzg6pajray343ungoq	15	26	project	project	NN
work_ijodnynjfzg6pajray343ungoq	15	27	.	.	.
work_ijodnynjfzg6pajray343ungoq	16	1	Finally	finally	RB
work_ijodnynjfzg6pajray343ungoq	16	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	16	3	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	16	4	use	use	VBP
work_ijodnynjfzg6pajray343ungoq	16	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	16	6	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	16	7	to	to	TO
work_ijodnynjfzg6pajray343ungoq	16	8	practically	practically	RB
work_ijodnynjfzg6pajray343ungoq	16	9	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	16	10	a	a	DT
work_ijodnynjfzg6pajray343ungoq	16	11	project	project	NN
work_ijodnynjfzg6pajray343ungoq	16	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	17	1	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	17	2	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	17	3	Elsevier	Elsevier	NNP
work_ijodnynjfzg6pajray343ungoq	17	4	Ltd.	Ltd.	NNP
work_ijodnynjfzg6pajray343ungoq	17	5	All	all	DT
work_ijodnynjfzg6pajray343ungoq	17	6	rights	right	NNS
work_ijodnynjfzg6pajray343ungoq	17	7	reserved	reserve	VBN
work_ijodnynjfzg6pajray343ungoq	17	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	18	1	1	1	LS
work_ijodnynjfzg6pajray343ungoq	18	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	19	1	Introduction	introduction	NN
work_ijodnynjfzg6pajray343ungoq	19	2	deficiencies	deficiency	NNS
work_ijodnynjfzg6pajray343ungoq	19	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	19	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	19	5	traditional	traditional	JJ
work_ijodnynjfzg6pajray343ungoq	19	6	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	19	7	methods	method	NNS
work_ijodnynjfzg6pajray343ungoq	19	8	through	through	IN
work_ijodnynjfzg6pajray343ungoq	19	9	recogniz-	recogniz-	JJ
work_ijodnynjfzg6pajray343ungoq	19	10	DCF	DCF	NNP
work_ijodnynjfzg6pajray343ungoq	19	11	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	19	12	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	19	13	approaches	approach	NNS
work_ijodnynjfzg6pajray343ungoq	19	14	to	to	TO
work_ijodnynjfzg6pajray343ungoq	19	15	project	project	VB
work_ijodnynjfzg6pajray343ungoq	19	16	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	19	17	implicitly	implicitly	RB
work_ijodnynjfzg6pajray343ungoq	19	18	assume	assume	VBP
work_ijodnynjfzg6pajray343ungoq	19	19	that	that	IN
work_ijodnynjfzg6pajray343ungoq	19	20	a	a	DT
work_ijodnynjfzg6pajray343ungoq	19	21	project	project	NN
work_ijodnynjfzg6pajray343ungoq	19	22	will	will	MD
work_ijodnynjfzg6pajray343ungoq	19	23	be	be	VB
work_ijodnynjfzg6pajray343ungoq	19	24	undertaken	undertake	VBN
work_ijodnynjfzg6pajray343ungoq	19	25	immediately	immediately	RB
work_ijodnynjfzg6pajray343ungoq	19	26	and	and	CC
work_ijodnynjfzg6pajray343ungoq	19	27	operated	operate	VBD
work_ijodnynjfzg6pajray343ungoq	19	28	con-	con-	NN
work_ijodnynjfzg6pajray343ungoq	19	29	tinuously	tinuously	RB
work_ijodnynjfzg6pajray343ungoq	19	30	until	until	IN
work_ijodnynjfzg6pajray343ungoq	19	31	the	the	DT
work_ijodnynjfzg6pajray343ungoq	19	32	end	end	NN
work_ijodnynjfzg6pajray343ungoq	19	33	of	of	IN
work_ijodnynjfzg6pajray343ungoq	19	34	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	19	35	expected	expect	VBN
work_ijodnynjfzg6pajray343ungoq	19	36	useful	useful	JJ
work_ijodnynjfzg6pajray343ungoq	19	37	life	life	NN
work_ijodnynjfzg6pajray343ungoq	19	38	,	,	,
work_ijodnynjfzg6pajray343ungoq	19	39	even	even	RB
work_ijodnynjfzg6pajray343ungoq	19	40	though	though	IN
work_ijodnynjfzg6pajray343ungoq	19	41	the	the	DT
work_ijodnynjfzg6pajray343ungoq	19	42	future	future	NN
work_ijodnynjfzg6pajray343ungoq	19	43	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	19	44	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	19	45	.	.	.
work_ijodnynjfzg6pajray343ungoq	20	1	By	by	IN
work_ijodnynjfzg6pajray343ungoq	20	2	treating	treat	VBG
work_ijodnynjfzg6pajray343ungoq	20	3	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	20	4	as	as	IN
work_ijodnynjfzg6pajray343ungoq	20	5	independent	independent	JJ
work_ijodnynjfzg6pajray343ungoq	20	6	invest-	invest-	NNP
work_ijodnynjfzg6pajray343ungoq	20	7	ment	ment	JJ
work_ijodnynjfzg6pajray343ungoq	20	8	opportunities	opportunity	NNS
work_ijodnynjfzg6pajray343ungoq	20	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	20	10	decisions	decision	NNS
work_ijodnynjfzg6pajray343ungoq	20	11	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	20	12	made	make	VBN
work_ijodnynjfzg6pajray343ungoq	20	13	to	to	TO
work_ijodnynjfzg6pajray343ungoq	20	14	accept	accept	VB
work_ijodnynjfzg6pajray343ungoq	20	15	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	20	16	with	with	IN
work_ijodnynjfzg6pajray343ungoq	20	17	positive	positive	JJ
work_ijodnynjfzg6pajray343ungoq	20	18	computed	compute	VBN
work_ijodnynjfzg6pajray343ungoq	20	19	NPVs	npv	NNS
work_ijodnynjfzg6pajray343ungoq	20	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	21	1	Traditional	traditional	JJ
work_ijodnynjfzg6pajray343ungoq	21	2	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	21	3	techniques	technique	NNS
work_ijodnynjfzg6pajray343ungoq	21	4	only	only	RB
work_ijodnynjfzg6pajray343ungoq	21	5	focus	focus	VBP
work_ijodnynjfzg6pajray343ungoq	21	6	on	on	IN
work_ijodnynjfzg6pajray343ungoq	21	7	current	current	JJ
work_ijodnynjfzg6pajray343ungoq	21	8	predictable	predictable	JJ
work_ijodnynjfzg6pajray343ungoq	21	9	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	21	10	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	21	11	and	and	CC
work_ijodnynjfzg6pajray343ungoq	21	12	ignore	ignore	VB
work_ijodnynjfzg6pajray343ungoq	21	13	future	future	JJ
work_ijodnynjfzg6pajray343ungoq	21	14	managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	21	15	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	21	16	,	,	,
work_ijodnynjfzg6pajray343ungoq	21	17	therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	21	18	,	,	,
work_ijodnynjfzg6pajray343ungoq	21	19	may	may	MD
work_ijodnynjfzg6pajray343ungoq	21	20	undervalue	undervalue	VB
work_ijodnynjfzg6pajray343ungoq	21	21	the	the	DT
work_ijodnynjfzg6pajray343ungoq	21	22	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	21	23	and	and	CC
work_ijodnynjfzg6pajray343ungoq	21	24	mislead	mislead	VB
work_ijodnynjfzg6pajray343ungoq	21	25	the	the	DT
work_ijodnynjfzg6pajray343ungoq	21	26	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	21	27	makers	maker	NNS
work_ijodnynjfzg6pajray343ungoq	21	28	.	.	.
work_ijodnynjfzg6pajray343ungoq	22	1	Furthermore	furthermore	RB
work_ijodnynjfzg6pajray343ungoq	22	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	22	3	for	for	IN
work_ijodnynjfzg6pajray343ungoq	22	4	high	high	JJ
work_ijodnynjfzg6pajray343ungoq	22	5	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	22	6	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	22	7	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	22	8	pro-	pro-	NN
work_ijodnynjfzg6pajray343ungoq	22	9	jects	ject	NNS
work_ijodnynjfzg6pajray343ungoq	22	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	22	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	22	12	traditional	traditional	JJ
work_ijodnynjfzg6pajray343ungoq	22	13	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	22	14	method	method	NN
work_ijodnynjfzg6pajray343ungoq	22	15	may	may	MD
work_ijodnynjfzg6pajray343ungoq	22	16	adopt	adopt	VB
work_ijodnynjfzg6pajray343ungoq	22	17	higher	high	JJR
work_ijodnynjfzg6pajray343ungoq	22	18	discount	discount	NN
work_ijodnynjfzg6pajray343ungoq	22	19	rates	rate	NNS
work_ijodnynjfzg6pajray343ungoq	22	20	to	to	TO
work_ijodnynjfzg6pajray343ungoq	22	21	discount	discount	VB
work_ijodnynjfzg6pajray343ungoq	22	22	project	project	NN
work_ijodnynjfzg6pajray343ungoq	22	23	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	22	24	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	22	25	for	for	IN
work_ijodnynjfzg6pajray343ungoq	22	26	trade	trade	NN
work_ijodnynjfzg6pajray343ungoq	22	27	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	22	28	off	off	NN
work_ijodnynjfzg6pajray343ungoq	22	29	or	or	CC
work_ijodnynjfzg6pajray343ungoq	22	30	compensation	compensation	NN
work_ijodnynjfzg6pajray343ungoq	22	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	23	1	How-	How-	NNP
work_ijodnynjfzg6pajray343ungoq	23	2	ever	ever	RB
work_ijodnynjfzg6pajray343ungoq	23	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	23	4	higher	high	JJR
work_ijodnynjfzg6pajray343ungoq	23	5	discount	discount	NN
work_ijodnynjfzg6pajray343ungoq	23	6	rates	rate	NNS
work_ijodnynjfzg6pajray343ungoq	23	7	may	may	MD
work_ijodnynjfzg6pajray343ungoq	23	8	result	result	VB
work_ijodnynjfzg6pajray343ungoq	23	9	in	in	IN
work_ijodnynjfzg6pajray343ungoq	23	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	23	11	underestimation	underestimation	NN
work_ijodnynjfzg6pajray343ungoq	23	12	of	of	IN
work_ijodnynjfzg6pajray343ungoq	23	13	project	project	NN
work_ijodnynjfzg6pajray343ungoq	23	14	value	value	NN
work_ijodnynjfzg6pajray343ungoq	23	15	and	and	CC
work_ijodnynjfzg6pajray343ungoq	23	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	23	17	rejection	rejection	NN
work_ijodnynjfzg6pajray343ungoq	23	18	of	of	IN
work_ijodnynjfzg6pajray343ungoq	23	19	a	a	DT
work_ijodnynjfzg6pajray343ungoq	23	20	potential	potential	JJ
work_ijodnynjfzg6pajray343ungoq	23	21	project	project	NN
work_ijodnynjfzg6pajray343ungoq	23	22	.	.	.
work_ijodnynjfzg6pajray343ungoq	24	1	For	for	IN
work_ijodnynjfzg6pajray343ungoq	24	2	instance	instance	NN
work_ijodnynjfzg6pajray343ungoq	24	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	24	4	investments	investment	NNS
work_ijodnynjfzg6pajray343ungoq	24	5	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	24	6	as	as	IN
work_ijodnynjfzg6pajray343ungoq	24	7	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	24	8	drug	drug	NN
work_ijodnynjfzg6pajray343ungoq	24	9	development	development	NN
work_ijodnynjfzg6pajray343ungoq	24	10	or	or	CC
work_ijodnynjfzg6pajray343ungoq	24	11	crude	crude	JJ
work_ijodnynjfzg6pajray343ungoq	24	12	oil	oil	NN
work_ijodnynjfzg6pajray343ungoq	24	13	exploita-	exploita-	NN
work_ijodnynjfzg6pajray343ungoq	24	14	tion	tion	NN
work_ijodnynjfzg6pajray343ungoq	24	15	may	may	MD
work_ijodnynjfzg6pajray343ungoq	24	16	carry	carry	VB
work_ijodnynjfzg6pajray343ungoq	24	17	high	high	JJ
work_ijodnynjfzg6pajray343ungoq	24	18	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	24	19	,	,	,
work_ijodnynjfzg6pajray343ungoq	24	20	but	but	CC
work_ijodnynjfzg6pajray343ungoq	24	21	may	may	MD
work_ijodnynjfzg6pajray343ungoq	24	22	also	also	RB
work_ijodnynjfzg6pajray343ungoq	24	23	bring	bring	VB
work_ijodnynjfzg6pajray343ungoq	24	24	higher	high	JJR
work_ijodnynjfzg6pajray343ungoq	24	25	returns	return	NNS
work_ijodnynjfzg6pajray343ungoq	24	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	25	1	Since	since	IN
work_ijodnynjfzg6pajray343ungoq	25	2	DCF	DCF	NNP
work_ijodnynjfzg6pajray343ungoq	25	3	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	25	4	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	25	5	approaches	approach	NNS
work_ijodnynjfzg6pajray343ungoq	25	6	ignore	ignore	VBP
work_ijodnynjfzg6pajray343ungoq	25	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	25	8	upside	upside	JJ
work_ijodnynjfzg6pajray343ungoq	25	9	potentials	potential	NNS
work_ijodnynjfzg6pajray343ungoq	25	10	of	of	IN
work_ijodnynjfzg6pajray343ungoq	25	11	added	add	VBN
work_ijodnynjfzg6pajray343ungoq	25	12	value	value	NN
work_ijodnynjfzg6pajray343ungoq	25	13	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	25	14	could	could	MD
work_ijodnynjfzg6pajray343ungoq	25	15	be	be	VB
work_ijodnynjfzg6pajray343ungoq	25	16	brought	bring	VBN
work_ijodnynjfzg6pajray343ungoq	25	17	to	to	IN
work_ijodnynjfzg6pajray343ungoq	25	18	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	25	19	through	through	IN
work_ijodnynjfzg6pajray343ungoq	25	20	managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	25	21	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	25	22	and	and	CC
work_ijodnynjfzg6pajray343ungoq	25	23	innovations	innovation	NNS
work_ijodnynjfzg6pajray343ungoq	25	24	,	,	,
work_ijodnynjfzg6pajray343ungoq	25	25	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	25	26	usually	usually	RB
work_ijodnynjfzg6pajray343ungoq	25	27	underestimate	underestimate	VBP
work_ijodnynjfzg6pajray343ungoq	25	28	the	the	DT
work_ijodnynjfzg6pajray343ungoq	25	29	upside	upside	JJ
work_ijodnynjfzg6pajray343ungoq	25	30	value	value	NN
work_ijodnynjfzg6pajray343ungoq	25	31	of	of	IN
work_ijodnynjfzg6pajray343ungoq	25	32	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	25	33	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	25	34	Bowman	Bowman	NNP
work_ijodnynjfzg6pajray343ungoq	25	35	&	&	CC
work_ijodnynjfzg6pajray343ungoq	25	36	Moskowitz	Moskowitz	NNP
work_ijodnynjfzg6pajray343ungoq	25	37	,	,	,
work_ijodnynjfzg6pajray343ungoq	25	38	2001	2001	CD
work_ijodnynjfzg6pajray343ungoq	25	39	;	;	:
work_ijodnynjfzg6pajray343ungoq	25	40	Dixit	Dixit	NNP
work_ijodnynjfzg6pajray343ungoq	25	41	&	&	CC
work_ijodnynjfzg6pajray343ungoq	25	42	Pindyck	Pindyck	NNP
work_ijodnynjfzg6pajray343ungoq	25	43	,	,	,
work_ijodnynjfzg6pajray343ungoq	25	44	1995	1995	CD
work_ijodnynjfzg6pajray343ungoq	25	45	;	;	:
work_ijodnynjfzg6pajray343ungoq	25	46	Luehrman	Luehrman	NNP
work_ijodnynjfzg6pajray343ungoq	25	47	,	,	,
work_ijodnynjfzg6pajray343ungoq	25	48	1998	1998	CD
work_ijodnynjfzg6pajray343ungoq	25	49	;	;	:
work_ijodnynjfzg6pajray343ungoq	25	50	Trigeorgis	Trigeorgis	NNP
work_ijodnynjfzg6pajray343ungoq	25	51	,	,	,
work_ijodnynjfzg6pajray343ungoq	25	52	1993	1993	CD
work_ijodnynjfzg6pajray343ungoq	25	53	;	;	:
work_ijodnynjfzg6pajray343ungoq	25	54	Yeo	Yeo	NNP
work_ijodnynjfzg6pajray343ungoq	25	55	&	&	CC
work_ijodnynjfzg6pajray343ungoq	25	56	Qiu	Qiu	NNP
work_ijodnynjfzg6pajray343ungoq	25	57	,	,	,
work_ijodnynjfzg6pajray343ungoq	25	58	2003	2003	CD
work_ijodnynjfzg6pajray343ungoq	25	59	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	25	60	.	.	.
work_ijodnynjfzg6pajray343ungoq	26	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	26	2	partic-	partic-	JJ
work_ijodnynjfzg6pajray343ungoq	26	3	ular	ular	JJ
work_ijodnynjfzg6pajray343ungoq	26	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	26	5	as	as	IN
work_ijodnynjfzg6pajray343ungoq	26	6	market	market	NN
work_ijodnynjfzg6pajray343ungoq	26	7	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	26	8	change	change	VBP
work_ijodnynjfzg6pajray343ungoq	26	9	in	in	IN
work_ijodnynjfzg6pajray343ungoq	26	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	26	11	future	future	NN
work_ijodnynjfzg6pajray343ungoq	26	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	26	13	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	26	14	project	project	NN
work_ijodnynjfzg6pajray343ungoq	26	15	may	may	MD
work_ijodnynjfzg6pajray343ungoq	26	16	include	include	VB
work_ijodnynjfzg6pajray343ungoq	26	17	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	26	18	by	by	IN
work_ijodnynjfzg6pajray343ungoq	26	19	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	26	20	project	project	NN
work_ijodnynjfzg6pajray343ungoq	26	21	value	value	NN
work_ijodnynjfzg6pajray343ungoq	26	22	can	can	MD
work_ijodnynjfzg6pajray343ungoq	26	23	be	be	VB
work_ijodnynjfzg6pajray343ungoq	26	24	raised	raise	VBN
work_ijodnynjfzg6pajray343ungoq	26	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	27	1	Such	such	JJ
work_ijodnynjfzg6pajray343ungoq	27	2	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	27	3	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	27	4	called	call	VBN
work_ijodnynjfzg6pajray343ungoq	27	5	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	27	6	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	27	7	or	or	CC
work_ijodnynjfzg6pajray343ungoq	27	8	strategic	strategic	JJ
work_ijodnynjfzg6pajray343ungoq	27	9	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	27	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	28	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	28	2	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	28	3	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	28	4	approach	approach	VBP
work_ijodnynjfzg6pajray343ungoq	28	5	to	to	IN
work_ijodnynjfzg6pajray343ungoq	28	6	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	28	7	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	28	8	seeks	seek	VBZ
work_ijodnynjfzg6pajray343ungoq	28	9	to	to	TO
work_ijodnynjfzg6pajray343ungoq	28	10	correct	correct	VB
work_ijodnynjfzg6pajray343ungoq	28	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	28	12	ll	will	NNP
work_ijodnynjfzg6pajray343ungoq	28	13	rights	right	NNS
work_ijodnynjfzg6pajray343ungoq	28	14	reserved	reserve	VBN
work_ijodnynjfzg6pajray343ungoq	28	15	.	.	.
work_ijodnynjfzg6pajray343ungoq	29	1	.-H.	.-H.	NFP
work_ijodnynjfzg6pajray343ungoq	29	2	Ho	Ho	NNP
work_ijodnynjfzg6pajray343ungoq	29	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	29	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	29	5	Michael@mail.tku	Michael@mail.tku	NNP
work_ijodnynjfzg6pajray343ungoq	29	6	.	.	.
work_ijodnynjfzg6pajray343ungoq	30	1	ing	e	VBG
work_ijodnynjfzg6pajray343ungoq	30	2	that	that	IN
work_ijodnynjfzg6pajray343ungoq	30	3	managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	30	4	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	30	5	can	can	MD
work_ijodnynjfzg6pajray343ungoq	30	6	bring	bring	VB
work_ijodnynjfzg6pajray343ungoq	30	7	significant	significant	JJ
work_ijodnynjfzg6pajray343ungoq	30	8	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	30	9	to	to	IN
work_ijodnynjfzg6pajray343ungoq	30	10	pro-	pro-	NN
work_ijodnynjfzg6pajray343ungoq	30	11	jects	ject	NNS
work_ijodnynjfzg6pajray343ungoq	30	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	31	1	According	accord	VBG
work_ijodnynjfzg6pajray343ungoq	31	2	to	to	IN
work_ijodnynjfzg6pajray343ungoq	31	3	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	31	4	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	31	5	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	31	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	31	7	an	an	DT
work_ijodnynjfzg6pajray343ungoq	31	8	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	31	9	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	31	10	of	of	IN
work_ijodnynjfzg6pajray343ungoq	31	11	higher	high	JJR
work_ijodnynjfzg6pajray343ungoq	31	12	value	value	NN
work_ijodnynjfzg6pajray343ungoq	31	13	in	in	IN
work_ijodnynjfzg6pajray343ungoq	31	14	a	a	DT
work_ijodnynjfzg6pajray343ungoq	31	15	more	more	RBR
work_ijodnynjfzg6pajray343ungoq	31	16	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	31	17	or	or	CC
work_ijodnynjfzg6pajray343ungoq	31	18	volatile	volatile	JJ
work_ijodnynjfzg6pajray343ungoq	31	19	market	market	NN
work_ijodnynjfzg6pajray343ungoq	31	20	because	because	IN
work_ijodnynjfzg6pajray343ungoq	31	21	of	of	IN
work_ijodnynjfzg6pajray343ungoq	31	22	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	31	23	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	31	24	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	31	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	32	1	Real	real	JJ
work_ijodnynjfzg6pajray343ungoq	32	2	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	32	3	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	32	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	32	5	as	as	IN
work_ijodnynjfzg6pajray343ungoq	32	6	a	a	DT
work_ijodnynjfzg6pajray343ungoq	32	7	strategic	strategic	JJ
work_ijodnynjfzg6pajray343ungoq	32	8	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	32	9	making	make	VBG
work_ijodnynjfzg6pajray343ungoq	32	10	tool	tool	NN
work_ijodnynjfzg6pajray343ungoq	32	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	32	12	bor-	bor-	NN
work_ijodnynjfzg6pajray343ungoq	32	13	rows	row	VBZ
work_ijodnynjfzg6pajray343ungoq	32	14	ideas	idea	NNS
work_ijodnynjfzg6pajray343ungoq	32	15	from	from	IN
work_ijodnynjfzg6pajray343ungoq	32	16	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	32	17	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	32	18	because	because	IN
work_ijodnynjfzg6pajray343ungoq	32	19	it	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	32	20	explicitly	explicitly	RB
work_ijodnynjfzg6pajray343ungoq	32	21	accounts	account	VBZ
work_ijodnynjfzg6pajray343ungoq	32	22	for	for	IN
work_ijodnynjfzg6pajray343ungoq	32	23	future	future	JJ
work_ijodnynjfzg6pajray343ungoq	32	24	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	32	25	value	value	NN
work_ijodnynjfzg6pajray343ungoq	32	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	33	1	Real	real	JJ
work_ijodnynjfzg6pajray343ungoq	33	2	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	33	3	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	33	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	33	5	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	33	6	on	on	IN
work_ijodnynjfzg6pajray343ungoq	33	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	33	8	assumption	assumption	NN
work_ijodnynjfzg6pajray343ungoq	33	9	that	that	IN
work_ijodnynjfzg6pajray343ungoq	33	10	there	there	EX
work_ijodnynjfzg6pajray343ungoq	33	11	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	33	12	an	an	DT
work_ijodnynjfzg6pajray343ungoq	33	13	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	33	14	source	source	NN
work_ijodnynjfzg6pajray343ungoq	33	15	of	of	IN
work_ijodnynjfzg6pajray343ungoq	33	16	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	33	17	,	,	,
work_ijodnynjfzg6pajray343ungoq	33	18	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	33	19	as	as	IN
work_ijodnynjfzg6pajray343ungoq	33	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	33	21	price	price	NN
work_ijodnynjfzg6pajray343ungoq	33	22	of	of	IN
work_ijodnynjfzg6pajray343ungoq	33	23	a	a	DT
work_ijodnynjfzg6pajray343ungoq	33	24	commodity	commodity	NN
work_ijodnynjfzg6pajray343ungoq	33	25	or	or	CC
work_ijodnynjfzg6pajray343ungoq	33	26	the	the	DT
work_ijodnynjfzg6pajray343ungoq	33	27	outcome	outcome	NN
work_ijodnynjfzg6pajray343ungoq	33	28	of	of	IN
work_ijodnynjfzg6pajray343ungoq	33	29	a	a	DT
work_ijodnynjfzg6pajray343ungoq	33	30	research	research	NN
work_ijodnynjfzg6pajray343ungoq	33	31	project	project	NN
work_ijodnynjfzg6pajray343ungoq	33	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	34	1	Over	over	IN
work_ijodnynjfzg6pajray343ungoq	34	2	time	time	NN
work_ijodnynjfzg6pajray343ungoq	34	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	34	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	34	5	outcome	outcome	NN
work_ijodnynjfzg6pajray343ungoq	34	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	34	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	34	8	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	34	9	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	34	10	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	34	11	revealed	reveal	VBN
work_ijodnynjfzg6pajray343ungoq	34	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	34	13	and	and	CC
work_ijodnynjfzg6pajray343ungoq	34	14	managers	manager	NNS
work_ijodnynjfzg6pajray343ungoq	34	15	can	can	MD
work_ijodnynjfzg6pajray343ungoq	34	16	adjust	adjust	VB
work_ijodnynjfzg6pajray343ungoq	34	17	their	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	34	18	strategy	strategy	NN
work_ijodnynjfzg6pajray343ungoq	34	19	accordingly	accordingly	RB
work_ijodnynjfzg6pajray343ungoq	34	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	35	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	35	2	objectives	objective	NNS
work_ijodnynjfzg6pajray343ungoq	35	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	35	4	this	this	DT
work_ijodnynjfzg6pajray343ungoq	35	5	paper	paper	NN
work_ijodnynjfzg6pajray343ungoq	35	6	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	35	7	to	to	TO
work_ijodnynjfzg6pajray343ungoq	35	8	develop	develop	VB
work_ijodnynjfzg6pajray343ungoq	35	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	35	10	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	35	11	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	35	12	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	35	13	to	to	TO
work_ijodnynjfzg6pajray343ungoq	35	14	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	35	15	a	a	DT
work_ijodnynjfzg6pajray343ungoq	35	16	project	project	NN
work_ijodnynjfzg6pajray343ungoq	35	17	embedded	embed	VBN
work_ijodnynjfzg6pajray343ungoq	35	18	with	with	IN
work_ijodnynjfzg6pajray343ungoq	35	19	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	35	20	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	35	21	,	,	,
work_ijodnynjfzg6pajray343ungoq	35	22	to	to	TO
work_ijodnynjfzg6pajray343ungoq	35	23	pro-	pro-	VB
work_ijodnynjfzg6pajray343ungoq	35	24	pose	pose	VB
work_ijodnynjfzg6pajray343ungoq	35	25	a	a	DT
work_ijodnynjfzg6pajray343ungoq	35	26	method	method	NN
work_ijodnynjfzg6pajray343ungoq	35	27	suitable	suitable	JJ
work_ijodnynjfzg6pajray343ungoq	35	28	for	for	IN
work_ijodnynjfzg6pajray343ungoq	35	29	computing	compute	VBG
work_ijodnynjfzg6pajray343ungoq	35	30	the	the	DT
work_ijodnynjfzg6pajray343ungoq	35	31	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	35	32	value	value	NN
work_ijodnynjfzg6pajray343ungoq	35	33	of	of	IN
work_ijodnynjfzg6pajray343ungoq	35	34	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	35	35	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	35	36	,	,	,
work_ijodnynjfzg6pajray343ungoq	35	37	and	and	CC
work_ijodnynjfzg6pajray343ungoq	35	38	to	to	TO
work_ijodnynjfzg6pajray343ungoq	35	39	explore	explore	VB
work_ijodnynjfzg6pajray343ungoq	35	40	the	the	DT
work_ijodnynjfzg6pajray343ungoq	35	41	value	value	NN
work_ijodnynjfzg6pajray343ungoq	35	42	of	of	IN
work_ijodnynjfzg6pajray343ungoq	35	43	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	35	44	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	35	45	existing	exist	VBG
work_ijodnynjfzg6pajray343ungoq	35	46	in	in	IN
work_ijodnynjfzg6pajray343ungoq	35	47	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	35	48	.	.	.
work_ijodnynjfzg6pajray343ungoq	36	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	36	2	paper	paper	NN
work_ijodnynjfzg6pajray343ungoq	36	3	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	36	4	organized	organize	VBN
work_ijodnynjfzg6pajray343ungoq	36	5	as	as	IN
work_ijodnynjfzg6pajray343ungoq	36	6	follows	follow	VBZ
work_ijodnynjfzg6pajray343ungoq	36	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	37	1	Section	section	NN
work_ijodnynjfzg6pajray343ungoq	37	2	2	2	CD
work_ijodnynjfzg6pajray343ungoq	37	3	provides	provide	VBZ
work_ijodnynjfzg6pajray343ungoq	37	4	a	a	DT
work_ijodnynjfzg6pajray343ungoq	37	5	survey	survey	NN
work_ijodnynjfzg6pajray343ungoq	37	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	37	7	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	37	8	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	37	9	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	37	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	38	1	We	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	38	2	especially	especially	RB
work_ijodnynjfzg6pajray343ungoq	38	3	focus	focus	VBP
work_ijodnynjfzg6pajray343ungoq	38	4	on	on	IN
work_ijodnynjfzg6pajray343ungoq	38	5	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	38	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	38	7	applications	application	NNS
work_ijodnynjfzg6pajray343ungoq	38	8	and	and	CC
work_ijodnynjfzg6pajray343ungoq	38	9	recent	recent	JJ
work_ijodnynjfzg6pajray343ungoq	38	10	developments	development	NNS
work_ijodnynjfzg6pajray343ungoq	38	11	of	of	IN
work_ijodnynjfzg6pajray343ungoq	38	12	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	38	13	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	38	14	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	38	15	.	.	.
work_ijodnynjfzg6pajray343ungoq	39	1	Section	section	NN
work_ijodnynjfzg6pajray343ungoq	39	2	3	3	CD
work_ijodnynjfzg6pajray343ungoq	39	3	presents	present	VBZ
work_ijodnynjfzg6pajray343ungoq	39	4	a	a	DT
work_ijodnynjfzg6pajray343ungoq	39	5	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	39	6	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	39	7	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	39	8	to	to	TO
work_ijodnynjfzg6pajray343ungoq	39	9	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	39	10	a	a	DT
work_ijodnynjfzg6pajray343ungoq	39	11	project	project	NN
work_ijodnynjfzg6pajray343ungoq	39	12	under	under	IN
work_ijodnynjfzg6pajray343ungoq	39	13	vague	vague	JJ
work_ijodnynjfzg6pajray343ungoq	39	14	situa-	situa-	NN
work_ijodnynjfzg6pajray343ungoq	39	15	tions	tion	NNS
work_ijodnynjfzg6pajray343ungoq	39	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	40	1	This	this	DT
work_ijodnynjfzg6pajray343ungoq	40	2	section	section	NN
work_ijodnynjfzg6pajray343ungoq	40	3	also	also	RB
work_ijodnynjfzg6pajray343ungoq	40	4	proposes	propose	VBZ
work_ijodnynjfzg6pajray343ungoq	40	5	a	a	DT
work_ijodnynjfzg6pajray343ungoq	40	6	method	method	NN
work_ijodnynjfzg6pajray343ungoq	40	7	to	to	TO
work_ijodnynjfzg6pajray343ungoq	40	8	compute	compute	VB
work_ijodnynjfzg6pajray343ungoq	40	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	40	10	mean	mean	NNP
work_ijodnynjfzg6pajray343ungoq	40	11	va-	va-	NNP
work_ijodnynjfzg6pajray343ungoq	40	12	lue	lue	NN
work_ijodnynjfzg6pajray343ungoq	40	13	of	of	IN
work_ijodnynjfzg6pajray343ungoq	40	14	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	40	15	NPV	npv	NN
work_ijodnynjfzg6pajray343ungoq	40	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	41	1	Section	section	NN
work_ijodnynjfzg6pajray343ungoq	41	2	4	4	CD
work_ijodnynjfzg6pajray343ungoq	41	3	illustrates	illustrate	VBZ
work_ijodnynjfzg6pajray343ungoq	41	4	a	a	DT
work_ijodnynjfzg6pajray343ungoq	41	5	project	project	NN
work_ijodnynjfzg6pajray343ungoq	41	6	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	41	7	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	41	8	on	on	IN
work_ijodnynjfzg6pajray343ungoq	41	9	our	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	41	10	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	41	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	42	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	42	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	42	3	example	example	NN
work_ijodnynjfzg6pajray343ungoq	42	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	42	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	42	6	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	42	7	of	of	IN
work_ijodnynjfzg6pajray343ungoq	42	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	42	9	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	42	10	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	42	11	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	42	12	also	also	RB
work_ijodnynjfzg6pajray343ungoq	42	13	assessed	assess	VBN
work_ijodnynjfzg6pajray343ungoq	42	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	43	1	Section	section	NN
work_ijodnynjfzg6pajray343ungoq	43	2	5	5	CD
work_ijodnynjfzg6pajray343ungoq	43	3	discusses	discuss	VBZ
work_ijodnynjfzg6pajray343ungoq	43	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	43	5	results	result	NNS
work_ijodnynjfzg6pajray343ungoq	43	6	and	and	CC
work_ijodnynjfzg6pajray343ungoq	43	7	findings	finding	NNS
work_ijodnynjfzg6pajray343ungoq	43	8	in	in	IN
work_ijodnynjfzg6pajray343ungoq	43	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	43	10	example	example	NN
work_ijodnynjfzg6pajray343ungoq	43	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	44	1	Finally	finally	RB
work_ijodnynjfzg6pajray343ungoq	44	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	44	3	conclusions	conclusion	NNS
work_ijodnynjfzg6pajray343ungoq	44	4	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	44	5	drawn	draw	VBN
work_ijodnynjfzg6pajray343ungoq	44	6	in	in	IN
work_ijodnynjfzg6pajray343ungoq	44	7	Section	section	NN
work_ijodnynjfzg6pajray343ungoq	44	8	6	6	CD
work_ijodnynjfzg6pajray343ungoq	44	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	45	1	2	2	LS
work_ijodnynjfzg6pajray343ungoq	45	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	46	1	Related	related	JJ
work_ijodnynjfzg6pajray343ungoq	46	2	works	work	NNS
work_ijodnynjfzg6pajray343ungoq	46	3	Based	base	VBN
work_ijodnynjfzg6pajray343ungoq	46	4	on	on	IN
work_ijodnynjfzg6pajray343ungoq	46	5	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	46	6	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	46	7	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	46	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	46	9	Chen	Chen	NNP
work_ijodnynjfzg6pajray343ungoq	46	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	46	11	Zhang	Zhang	NNP
work_ijodnynjfzg6pajray343ungoq	46	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	46	13	and	and	CC
work_ijodnynjfzg6pajray343ungoq	46	14	Lai	Lai	NNP
work_ijodnynjfzg6pajray343ungoq	46	15	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	46	16	2009	2009	CD
work_ijodnynjfzg6pajray343ungoq	46	17	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	46	18	pre-	pre-	NN
work_ijodnynjfzg6pajray343ungoq	46	19	sented	sente	VBD
work_ijodnynjfzg6pajray343ungoq	46	20	an	an	DT
work_ijodnynjfzg6pajray343ungoq	46	21	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	46	22	to	to	TO
work_ijodnynjfzg6pajray343ungoq	46	23	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	46	24	IT	IT	NNP
work_ijodnynjfzg6pajray343ungoq	46	25	investments	investment	NNS
work_ijodnynjfzg6pajray343ungoq	46	26	subject	subject	JJ
work_ijodnynjfzg6pajray343ungoq	46	27	to	to	IN
work_ijodnynjfzg6pajray343ungoq	46	28	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	46	29	http://dx.doi.org/10.1016/j.eswa.2011.06.010	http://dx.doi.org/10.1016/j.eswa.2011.06.010	FW
work_ijodnynjfzg6pajray343ungoq	46	30	mailto:succ04.dba@msa.hinet.net	mailto:succ04.dba@msa.hinet.net	NNP
work_ijodnynjfzg6pajray343ungoq	46	31	mailto:Michael@mail.tku.edu.tw	mailto:Michael@mail.tku.edu.tw	NNP
work_ijodnynjfzg6pajray343ungoq	46	32	mailto:Michael@mail.tku.edu.tw	mailto:Michael@mail.tku.edu.tw	NNP
work_ijodnynjfzg6pajray343ungoq	46	33	http://dx.doi.org/10.1016/j.eswa.2011.06.010	http://dx.doi.org/10.1016/j.eswa.2011.06.010	NNP
work_ijodnynjfzg6pajray343ungoq	46	34	http://www.sciencedirect.com/science/journal/09574174	http://www.sciencedirect.com/science/journal/09574174	NNP
work_ijodnynjfzg6pajray343ungoq	46	35	http://www.elsevier.com/locate/eswa	http://www.elsevier.com/locate/eswa	NNP
work_ijodnynjfzg6pajray343ungoq	46	36	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	46	37	Ho	Ho	NNP
work_ijodnynjfzg6pajray343ungoq	46	38	,	,	,
work_ijodnynjfzg6pajray343ungoq	46	39	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	46	40	Liao	Liao	NNP
work_ijodnynjfzg6pajray343ungoq	46	41	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	46	42	Expert	Expert	NNP
work_ijodnynjfzg6pajray343ungoq	46	43	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	46	44	with	with	IN
work_ijodnynjfzg6pajray343ungoq	46	45	Applications	Applications	NNP
work_ijodnynjfzg6pajray343ungoq	46	46	38	38	CD
work_ijodnynjfzg6pajray343ungoq	46	47	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	46	48	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	46	49	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	46	50	15296–15302	15296–15302	CD
work_ijodnynjfzg6pajray343ungoq	46	51	15297	15297	CD
work_ijodnynjfzg6pajray343ungoq	46	52	risks	risk	NNS
work_ijodnynjfzg6pajray343ungoq	46	53	.	.	.
work_ijodnynjfzg6pajray343ungoq	47	1	By	by	IN
work_ijodnynjfzg6pajray343ungoq	47	2	modeling	model	VBG
work_ijodnynjfzg6pajray343ungoq	47	3	public	public	JJ
work_ijodnynjfzg6pajray343ungoq	47	4	risks	risk	NNS
work_ijodnynjfzg6pajray343ungoq	47	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	47	6	private	private	JJ
work_ijodnynjfzg6pajray343ungoq	47	7	risks	risk	NNS
work_ijodnynjfzg6pajray343ungoq	47	8	into	into	IN
work_ijodnynjfzg6pajray343ungoq	47	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	47	10	unified	unified	JJ
work_ijodnynjfzg6pajray343ungoq	47	11	frame-	frame-	NN
work_ijodnynjfzg6pajray343ungoq	47	12	work	work	NN
work_ijodnynjfzg6pajray343ungoq	47	13	,	,	,
work_ijodnynjfzg6pajray343ungoq	47	14	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	47	15	utilized	utilize	VBD
work_ijodnynjfzg6pajray343ungoq	47	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	47	17	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	47	18	model	model	NN
work_ijodnynjfzg6pajray343ungoq	47	19	to	to	TO
work_ijodnynjfzg6pajray343ungoq	47	20	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	47	21	an	an	DT
work_ijodnynjfzg6pajray343ungoq	47	22	ERP	ERP	NNP
work_ijodnynjfzg6pajray343ungoq	47	23	develop-	develop-	NN
work_ijodnynjfzg6pajray343ungoq	47	24	ment	ment	JJ
work_ijodnynjfzg6pajray343ungoq	47	25	project	project	NN
work_ijodnynjfzg6pajray343ungoq	47	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	48	1	Wu	Wu	NNP
work_ijodnynjfzg6pajray343ungoq	48	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	48	3	Ong	Ong	NNP
work_ijodnynjfzg6pajray343ungoq	48	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	48	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	48	6	Hsu	Hsu	NNP
work_ijodnynjfzg6pajray343ungoq	48	7	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	48	8	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	48	9	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	48	10	argued	argue	VBD
work_ijodnynjfzg6pajray343ungoq	48	11	that	that	IN
work_ijodnynjfzg6pajray343ungoq	48	12	ERP	ERP	NNP
work_ijodnynjfzg6pajray343ungoq	48	13	may	may	MD
work_ijodnynjfzg6pajray343ungoq	48	14	be	be	VB
work_ijodnynjfzg6pajray343ungoq	48	15	best	well	RBS
work_ijodnynjfzg6pajray343ungoq	48	16	represented	represent	VBN
work_ijodnynjfzg6pajray343ungoq	48	17	by	by	IN
work_ijodnynjfzg6pajray343ungoq	48	18	a	a	DT
work_ijodnynjfzg6pajray343ungoq	48	19	non	non	JJ
work_ijodnynjfzg6pajray343ungoq	48	20	-	-	JJ
work_ijodnynjfzg6pajray343ungoq	48	21	analytical	analytical	JJ
work_ijodnynjfzg6pajray343ungoq	48	22	,	,	,
work_ijodnynjfzg6pajray343ungoq	48	23	compound	compound	NN
work_ijodnynjfzg6pajray343ungoq	48	24	option	option	NN
work_ijodnynjfzg6pajray343ungoq	48	25	model	model	NN
work_ijodnynjfzg6pajray343ungoq	48	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	49	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	49	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	49	3	most	most	JJS
work_ijodnynjfzg6pajray343ungoq	49	4	IT	it	NN
work_ijodnynjfzg6pajray343ungoq	49	5	studies	study	NNS
work_ijodnynjfzg6pajray343ungoq	49	6	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	49	7	employ	employ	VBP
work_ijodnynjfzg6pajray343ungoq	49	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	49	9	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	49	10	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	49	11	only	only	RB
work_ijodnynjfzg6pajray343ungoq	49	12	consider	consider	VB
work_ijodnynjfzg6pajray343ungoq	49	13	a	a	DT
work_ijodnynjfzg6pajray343ungoq	49	14	single	single	JJ
work_ijodnynjfzg6pajray343ungoq	49	15	option	option	NN
work_ijodnynjfzg6pajray343ungoq	49	16	,	,	,
work_ijodnynjfzg6pajray343ungoq	49	17	use	use	VB
work_ijodnynjfzg6pajray343ungoq	49	18	an	an	DT
work_ijodnynjfzg6pajray343ungoq	49	19	analytical	analytical	JJ
work_ijodnynjfzg6pajray343ungoq	49	20	model	model	NN
work_ijodnynjfzg6pajray343ungoq	49	21	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	49	22	as	as	IN
work_ijodnynjfzg6pajray343ungoq	49	23	the	the	DT
work_ijodnynjfzg6pajray343ungoq	49	24	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	49	25	–	–	:
work_ijodnynjfzg6pajray343ungoq	49	26	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	49	27	model	model	NN
work_ijodnynjfzg6pajray343ungoq	49	28	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	49	29	1973	1973	CD
work_ijodnynjfzg6pajray343ungoq	49	30	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	49	31	,	,	,
work_ijodnynjfzg6pajray343ungoq	49	32	and	and	CC
work_ijodnynjfzg6pajray343ungoq	49	33	can	can	MD
work_ijodnynjfzg6pajray343ungoq	49	34	not	not	RB
work_ijodnynjfzg6pajray343ungoq	49	35	deal	deal	VB
work_ijodnynjfzg6pajray343ungoq	49	36	with	with	IN
work_ijodnynjfzg6pajray343ungoq	49	37	multi	multi	JJ
work_ijodnynjfzg6pajray343ungoq	49	38	-	-	JJ
work_ijodnynjfzg6pajray343ungoq	49	39	option	option	JJ
work_ijodnynjfzg6pajray343ungoq	49	40	situations	situation	NNS
work_ijodnynjfzg6pajray343ungoq	49	41	.	.	.
work_ijodnynjfzg6pajray343ungoq	50	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	50	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	50	3	Wu	Wu	NNP
work_ijodnynjfzg6pajray343ungoq	50	4	et	et	NNP
work_ijodnynjfzg6pajray343ungoq	50	5	al	al	NNP
work_ijodnynjfzg6pajray343ungoq	50	6	.	.	.
work_ijodnynjfzg6pajray343ungoq	51	1	employed	employ	VBN
work_ijodnynjfzg6pajray343ungoq	51	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	51	3	binomial	binomial	NNP
work_ijodnynjfzg6pajray343ungoq	51	4	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	51	5	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	51	6	to	to	TO
work_ijodnynjfzg6pajray343ungoq	51	7	implement	implement	VB
work_ijodnynjfzg6pajray343ungoq	51	8	an	an	DT
work_ijodnynjfzg6pajray343ungoq	51	9	active	active	JJ
work_ijodnynjfzg6pajray343ungoq	51	10	ERP	ERP	NNP
work_ijodnynjfzg6pajray343ungoq	51	11	management	management	NN
work_ijodnynjfzg6pajray343ungoq	51	12	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	51	13	involves	involve	VBZ
work_ijodnynjfzg6pajray343ungoq	51	14	uncertainties	uncertainty	NNS
work_ijodnynjfzg6pajray343ungoq	51	15	over	over	IN
work_ijodnynjfzg6pajray343ungoq	51	16	time	time	NN
work_ijodnynjfzg6pajray343ungoq	51	17	.	.	.
work_ijodnynjfzg6pajray343ungoq	52	1	Hahn	Hahn	NNP
work_ijodnynjfzg6pajray343ungoq	52	2	and	and	CC
work_ijodnynjfzg6pajray343ungoq	52	3	Dyer	Dyer	NNP
work_ijodnynjfzg6pajray343ungoq	52	4	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	52	5	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	52	6	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	52	7	proposed	propose	VBD
work_ijodnynjfzg6pajray343ungoq	52	8	a	a	DT
work_ijodnynjfzg6pajray343ungoq	52	9	recombining	recombining	NN
work_ijodnynjfzg6pajray343ungoq	52	10	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	52	11	lattice	lattice	NN
work_ijodnynjfzg6pajray343ungoq	52	12	ap-	ap-	NN
work_ijodnynjfzg6pajray343ungoq	52	13	proach	proach	NN
work_ijodnynjfzg6pajray343ungoq	52	14	for	for	IN
work_ijodnynjfzg6pajray343ungoq	52	15	modeling	model	VBG
work_ijodnynjfzg6pajray343ungoq	52	16	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	52	17	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	52	18	and	and	CC
work_ijodnynjfzg6pajray343ungoq	52	19	valuing	value	VBG
work_ijodnynjfzg6pajray343ungoq	52	20	managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	52	21	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	52	22	to	to	TO
work_ijodnynjfzg6pajray343ungoq	52	23	address	address	VB
work_ijodnynjfzg6pajray343ungoq	52	24	a	a	DT
work_ijodnynjfzg6pajray343ungoq	52	25	common	common	JJ
work_ijodnynjfzg6pajray343ungoq	52	26	issue	issue	NN
work_ijodnynjfzg6pajray343ungoq	52	27	in	in	IN
work_ijodnynjfzg6pajray343ungoq	52	28	many	many	JJ
work_ijodnynjfzg6pajray343ungoq	52	29	practical	practical	JJ
work_ijodnynjfzg6pajray343ungoq	52	30	applications	application	NNS
work_ijodnynjfzg6pajray343ungoq	52	31	—	—	:
work_ijodnynjfzg6pajray343ungoq	52	32	underly-	underly-	JJ
work_ijodnynjfzg6pajray343ungoq	52	33	ing	e	VBG
work_ijodnynjfzg6pajray343ungoq	52	34	stochastic	stochastic	JJ
work_ijodnynjfzg6pajray343ungoq	52	35	processes	process	NNS
work_ijodnynjfzg6pajray343ungoq	52	36	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	52	37	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	52	38	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	52	39	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	52	40	reverting	revert	VBG
work_ijodnynjfzg6pajray343ungoq	52	41	.	.	.
work_ijodnynjfzg6pajray343ungoq	53	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	53	2	models	model	NNS
work_ijodnynjfzg6pajray343ungoq	53	3	were	be	VBD
work_ijodnynjfzg6pajray343ungoq	53	4	tested	test	VBN
work_ijodnynjfzg6pajray343ungoq	53	5	by	by	IN
work_ijodnynjfzg6pajray343ungoq	53	6	implementing	implement	VBG
work_ijodnynjfzg6pajray343ungoq	53	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	53	8	lattice	lattice	NN
work_ijodnynjfzg6pajray343ungoq	53	9	in	in	IN
work_ijodnynjfzg6pajray343ungoq	53	10	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	53	11	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	53	12	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	53	13	format	format	NN
work_ijodnynjfzg6pajray343ungoq	53	14	and	and	CC
work_ijodnynjfzg6pajray343ungoq	53	15	applying	apply	VBG
work_ijodnynjfzg6pajray343ungoq	53	16	to	to	IN
work_ijodnynjfzg6pajray343ungoq	53	17	a	a	DT
work_ijodnynjfzg6pajray343ungoq	53	18	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	53	19	application	application	NN
work_ijodnynjfzg6pajray343ungoq	53	20	by	by	IN
work_ijodnynjfzg6pajray343ungoq	53	21	solving	solve	VBG
work_ijodnynjfzg6pajray343ungoq	53	22	for	for	IN
work_ijodnynjfzg6pajray343ungoq	53	23	the	the	DT
work_ijodnynjfzg6pajray343ungoq	53	24	value	value	NN
work_ijodnynjfzg6pajray343ungoq	53	25	of	of	IN
work_ijodnynjfzg6pajray343ungoq	53	26	an	an	DT
work_ijodnynjfzg6pajray343ungoq	53	27	oil	oil	NN
work_ijodnynjfzg6pajray343ungoq	53	28	and	and	CC
work_ijodnynjfzg6pajray343ungoq	53	29	gas	gas	NN
work_ijodnynjfzg6pajray343ungoq	53	30	switching	switching	NN
work_ijodnynjfzg6pajray343ungoq	53	31	option	option	NN
work_ijodnynjfzg6pajray343ungoq	53	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	54	1	Reyck	Reyck	NNP
work_ijodnynjfzg6pajray343ungoq	54	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	54	3	Degraeve	Degraeve	NNP
work_ijodnynjfzg6pajray343ungoq	54	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	54	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	54	6	Vandenborre	Vandenborre	NNP
work_ijodnynjfzg6pajray343ungoq	54	7	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	54	8	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	54	9	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	54	10	proposed	propose	VBD
work_ijodnynjfzg6pajray343ungoq	54	11	an	an	DT
work_ijodnynjfzg6pajray343ungoq	54	12	alternative	alternative	JJ
work_ijodnynjfzg6pajray343ungoq	54	13	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	54	14	for	for	IN
work_ijodnynjfzg6pajray343ungoq	54	15	valuing	value	VBG
work_ijodnynjfzg6pajray343ungoq	54	16	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	54	17	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	54	18	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	54	19	on	on	IN
work_ijodnynjfzg6pajray343ungoq	54	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	54	21	certainty	certainty	NN
work_ijodnynjfzg6pajray343ungoq	54	22	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	54	23	equivalent	equivalent	JJ
work_ijodnynjfzg6pajray343ungoq	54	24	version	version	NN
work_ijodnynjfzg6pajray343ungoq	54	25	of	of	IN
work_ijodnynjfzg6pajray343ungoq	54	26	the	the	DT
work_ijodnynjfzg6pajray343ungoq	54	27	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	54	28	formula	formula	NN
work_ijodnynjfzg6pajray343ungoq	54	29	,	,	,
work_ijodnynjfzg6pajray343ungoq	54	30	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	54	31	eliminates	eliminate	VBZ
work_ijodnynjfzg6pajray343ungoq	54	32	the	the	DT
work_ijodnynjfzg6pajray343ungoq	54	33	need	need	NN
work_ijodnynjfzg6pajray343ungoq	54	34	to	to	TO
work_ijodnynjfzg6pajray343ungoq	54	35	identify	identify	VB
work_ijodnynjfzg6pajray343ungoq	54	36	market	market	NN
work_ijodnynjfzg6pajray343ungoq	54	37	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	54	38	priced	price	VBN
work_ijodnynjfzg6pajray343ungoq	54	39	twin	twin	JJ
work_ijodnynjfzg6pajray343ungoq	54	40	securities	security	NNS
work_ijodnynjfzg6pajray343ungoq	54	41	.	.	.
work_ijodnynjfzg6pajray343ungoq	55	1	More-	more-	RB
work_ijodnynjfzg6pajray343ungoq	55	2	over	over	RB
work_ijodnynjfzg6pajray343ungoq	55	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	55	4	Bowe	Bowe	NNP
work_ijodnynjfzg6pajray343ungoq	55	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	55	6	Lee	Lee	NNP
work_ijodnynjfzg6pajray343ungoq	55	7	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	55	8	2004	2004	CD
work_ijodnynjfzg6pajray343ungoq	55	9	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	55	10	also	also	RB
work_ijodnynjfzg6pajray343ungoq	55	11	utilized	utilize	VBD
work_ijodnynjfzg6pajray343ungoq	55	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	55	13	log	log	NN
work_ijodnynjfzg6pajray343ungoq	55	14	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	55	15	transformed	transform	VBN
work_ijodnynjfzg6pajray343ungoq	55	16	bino-	bino-	JJ
work_ijodnynjfzg6pajray343ungoq	55	17	mial	mial	JJ
work_ijodnynjfzg6pajray343ungoq	55	18	lattice	lattice	NN
work_ijodnynjfzg6pajray343ungoq	55	19	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	55	20	to	to	TO
work_ijodnynjfzg6pajray343ungoq	55	21	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	55	22	the	the	DT
work_ijodnynjfzg6pajray343ungoq	55	23	Taiwan	Taiwan	NNP
work_ijodnynjfzg6pajray343ungoq	55	24	High	High	NNP
work_ijodnynjfzg6pajray343ungoq	55	25	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	55	26	Speed	Speed	NNP
work_ijodnynjfzg6pajray343ungoq	55	27	Rail	Rail	NNP
work_ijodnynjfzg6pajray343ungoq	55	28	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	55	29	THSR	THSR	NNP
work_ijodnynjfzg6pajray343ungoq	55	30	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	55	31	project	project	NN
work_ijodnynjfzg6pajray343ungoq	55	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	56	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	56	2	DCF	DCF	NNP
work_ijodnynjfzg6pajray343ungoq	56	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	56	4	parameters	parameter	NNS
work_ijodnynjfzg6pajray343ungoq	56	5	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	56	6	as	as	IN
work_ijodnynjfzg6pajray343ungoq	56	7	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	56	8	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	56	9	and	and	CC
work_ijodnynjfzg6pajray343ungoq	56	10	discount	discount	NN
work_ijodnynjfzg6pajray343ungoq	56	11	rates	rate	NNS
work_ijodnynjfzg6pajray343ungoq	56	12	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	56	13	difficult	difficult	JJ
work_ijodnynjfzg6pajray343ungoq	56	14	to	to	TO
work_ijodnynjfzg6pajray343ungoq	56	15	estimate	estimate	VB
work_ijodnynjfzg6pajray343ungoq	56	16	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	56	17	Carlsson	Carlsson	NNP
work_ijodnynjfzg6pajray343ungoq	56	18	&	&	CC
work_ijodnynjfzg6pajray343ungoq	56	19	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	56	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	56	21	2003	2003	CD
work_ijodnynjfzg6pajray343ungoq	56	22	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	56	23	.	.	.
work_ijodnynjfzg6pajray343ungoq	57	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	57	2	particular	particular	JJ
work_ijodnynjfzg6pajray343ungoq	57	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	57	4	innova-	innova-	JJ
work_ijodnynjfzg6pajray343ungoq	57	5	tive	tive	JJ
work_ijodnynjfzg6pajray343ungoq	57	6	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	57	7	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	57	8	may	may	MD
work_ijodnynjfzg6pajray343ungoq	57	9	count	count	VB
work_ijodnynjfzg6pajray343ungoq	57	10	on	on	IN
work_ijodnynjfzg6pajray343ungoq	57	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	57	12	subjective	subjective	JJ
work_ijodnynjfzg6pajray343ungoq	57	13	judgments	judgment	NNS
work_ijodnynjfzg6pajray343ungoq	57	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	57	15	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	57	16	makers	maker	NNS
work_ijodnynjfzg6pajray343ungoq	57	17	due	due	JJ
work_ijodnynjfzg6pajray343ungoq	57	18	to	to	IN
work_ijodnynjfzg6pajray343ungoq	57	19	lack	lack	NN
work_ijodnynjfzg6pajray343ungoq	57	20	of	of	IN
work_ijodnynjfzg6pajray343ungoq	57	21	past	past	JJ
work_ijodnynjfzg6pajray343ungoq	57	22	data	datum	NNS
work_ijodnynjfzg6pajray343ungoq	57	23	for	for	IN
work_ijodnynjfzg6pajray343ungoq	57	24	reference	reference	NN
work_ijodnynjfzg6pajray343ungoq	57	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	58	1	These	these	DT
work_ijodnynjfzg6pajray343ungoq	58	2	param-	param-	JJ
work_ijodnynjfzg6pajray343ungoq	58	3	eters	eter	NNS
work_ijodnynjfzg6pajray343ungoq	58	4	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	58	5	essentially	essentially	RB
work_ijodnynjfzg6pajray343ungoq	58	6	estimated	estimate	VBN
work_ijodnynjfzg6pajray343ungoq	58	7	under	under	IN
work_ijodnynjfzg6pajray343ungoq	58	8	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	58	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	59	1	With	with	IN
work_ijodnynjfzg6pajray343ungoq	59	2	respect	respect	NN
work_ijodnynjfzg6pajray343ungoq	59	3	to	to	IN
work_ijodnynjfzg6pajray343ungoq	59	4	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	59	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	59	6	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	59	7	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	59	8	one	one	CD
work_ijodnynjfzg6pajray343ungoq	59	9	way	way	NN
work_ijodnynjfzg6pajray343ungoq	59	10	to	to	TO
work_ijodnynjfzg6pajray343ungoq	59	11	depict	depict	VB
work_ijodnynjfzg6pajray343ungoq	59	12	whereas	whereas	IN
work_ijodnynjfzg6pajray343ungoq	59	13	possibility	possibility	NN
work_ijodnynjfzg6pajray343ungoq	59	14	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	59	15	another	another	DT
work_ijodnynjfzg6pajray343ungoq	59	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	60	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	60	2	set	set	NN
work_ijodnynjfzg6pajray343ungoq	60	3	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	60	4	provides	provide	VBZ
work_ijodnynjfzg6pajray343ungoq	60	5	a	a	DT
work_ijodnynjfzg6pajray343ungoq	60	6	basis	basis	NN
work_ijodnynjfzg6pajray343ungoq	60	7	for	for	IN
work_ijodnynjfzg6pajray343ungoq	60	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	60	9	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	60	10	of	of	IN
work_ijodnynjfzg6pajray343ungoq	60	11	possibil-	possibil-	JJ
work_ijodnynjfzg6pajray343ungoq	60	12	ity	ity	NN
work_ijodnynjfzg6pajray343ungoq	60	13	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	60	14	Zadeh	Zadeh	NNP
work_ijodnynjfzg6pajray343ungoq	60	15	,	,	,
work_ijodnynjfzg6pajray343ungoq	60	16	1999	1999	CD
work_ijodnynjfzg6pajray343ungoq	60	17	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	60	18	.	.	.
work_ijodnynjfzg6pajray343ungoq	61	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	61	2	logic	logic	NN
work_ijodnynjfzg6pajray343ungoq	61	3	may	may	MD
work_ijodnynjfzg6pajray343ungoq	61	4	be	be	VB
work_ijodnynjfzg6pajray343ungoq	61	5	viewed	view	VBN
work_ijodnynjfzg6pajray343ungoq	61	6	as	as	IN
work_ijodnynjfzg6pajray343ungoq	61	7	an	an	DT
work_ijodnynjfzg6pajray343ungoq	61	8	attempt	attempt	NN
work_ijodnynjfzg6pajray343ungoq	61	9	at	at	IN
work_ijodnynjfzg6pajray343ungoq	61	10	formalization	formalization	NN
work_ijodnynjfzg6pajray343ungoq	61	11	of	of	IN
work_ijodnynjfzg6pajray343ungoq	61	12	two	two	CD
work_ijodnynjfzg6pajray343ungoq	61	13	remarkable	remarkable	JJ
work_ijodnynjfzg6pajray343ungoq	61	14	human	human	JJ
work_ijodnynjfzg6pajray343ungoq	61	15	capabilities	capability	NNS
work_ijodnynjfzg6pajray343ungoq	61	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	62	1	One	one	CD
work_ijodnynjfzg6pajray343ungoq	62	2	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	62	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	62	4	capability	capability	NN
work_ijodnynjfzg6pajray343ungoq	62	5	to	to	TO
work_ijodnynjfzg6pajray343ungoq	62	6	converse	converse	VB
work_ijodnynjfzg6pajray343ungoq	62	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	62	8	reason	reason	NN
work_ijodnynjfzg6pajray343ungoq	62	9	and	and	CC
work_ijodnynjfzg6pajray343ungoq	62	10	make	make	VB
work_ijodnynjfzg6pajray343ungoq	62	11	rational	rational	JJ
work_ijodnynjfzg6pajray343ungoq	62	12	decisions	decision	NNS
work_ijodnynjfzg6pajray343ungoq	62	13	in	in	IN
work_ijodnynjfzg6pajray343ungoq	62	14	an	an	DT
work_ijodnynjfzg6pajray343ungoq	62	15	environment	environment	NN
work_ijodnynjfzg6pajray343ungoq	62	16	of	of	IN
work_ijodnynjfzg6pajray343ungoq	62	17	imprecision	imprecision	NN
work_ijodnynjfzg6pajray343ungoq	62	18	,	,	,
work_ijodnynjfzg6pajray343ungoq	62	19	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	62	20	and	and	CC
work_ijodnynjfzg6pajray343ungoq	62	21	incompleteness	incompleteness	NN
work_ijodnynjfzg6pajray343ungoq	62	22	of	of	IN
work_ijodnynjfzg6pajray343ungoq	62	23	information	information	NN
work_ijodnynjfzg6pajray343ungoq	62	24	and	and	CC
work_ijodnynjfzg6pajray343ungoq	62	25	the	the	DT
work_ijodnynjfzg6pajray343ungoq	62	26	other	other	JJ
work_ijodnynjfzg6pajray343ungoq	62	27	one	one	NN
work_ijodnynjfzg6pajray343ungoq	62	28	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	62	29	to	to	TO
work_ijodnynjfzg6pajray343ungoq	62	30	perform	perform	VB
work_ijodnynjfzg6pajray343ungoq	62	31	a	a	DT
work_ijodnynjfzg6pajray343ungoq	62	32	wide	wide	JJ
work_ijodnynjfzg6pajray343ungoq	62	33	variety	variety	NN
work_ijodnynjfzg6pajray343ungoq	62	34	of	of	IN
work_ijodnynjfzg6pajray343ungoq	62	35	phys-	phys-	NNP
work_ijodnynjfzg6pajray343ungoq	62	36	ical	ical	JJ
work_ijodnynjfzg6pajray343ungoq	62	37	and	and	CC
work_ijodnynjfzg6pajray343ungoq	62	38	mental	mental	JJ
work_ijodnynjfzg6pajray343ungoq	62	39	tasks	task	NNS
work_ijodnynjfzg6pajray343ungoq	62	40	without	without	IN
work_ijodnynjfzg6pajray343ungoq	62	41	any	any	DT
work_ijodnynjfzg6pajray343ungoq	62	42	measurements	measurement	NNS
work_ijodnynjfzg6pajray343ungoq	62	43	and	and	CC
work_ijodnynjfzg6pajray343ungoq	62	44	computations	computation	NNS
work_ijodnynjfzg6pajray343ungoq	62	45	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	62	46	Zadeh	Zadeh	NNP
work_ijodnynjfzg6pajray343ungoq	62	47	,	,	,
work_ijodnynjfzg6pajray343ungoq	62	48	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	62	49	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	62	50	.	.	.
work_ijodnynjfzg6pajray343ungoq	63	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	63	2	outstanding	outstanding	JJ
work_ijodnynjfzg6pajray343ungoq	63	3	feature	feature	NN
work_ijodnynjfzg6pajray343ungoq	63	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	63	5	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	63	6	logic	logic	NN
work_ijodnynjfzg6pajray343ungoq	63	7	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	63	8	that	that	IN
work_ijodnynjfzg6pajray343ungoq	63	9	in	in	IN
work_ijodnynjfzg6pajray343ungoq	63	10	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	63	11	logic	logic	NN
work_ijodnynjfzg6pajray343ungoq	63	12	everything	everything	NN
work_ijodnynjfzg6pajray343ungoq	63	13	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	63	14	—	—	:
work_ijodnynjfzg6pajray343ungoq	63	15	or	or	CC
work_ijodnynjfzg6pajray343ungoq	63	16	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	63	17	allowed	allow	VBN
work_ijodnynjfzg6pajray343ungoq	63	18	to	to	TO
work_ijodnynjfzg6pajray343ungoq	63	19	be	be	VB
work_ijodnynjfzg6pajray343ungoq	63	20	—	—	:
work_ijodnynjfzg6pajray343ungoq	63	21	a	a	DT
work_ijodnynjfzg6pajray343ungoq	63	22	matter	matter	NN
work_ijodnynjfzg6pajray343ungoq	63	23	of	of	IN
work_ijodnynjfzg6pajray343ungoq	63	24	degree	degree	NN
work_ijodnynjfzg6pajray343ungoq	63	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	64	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	64	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	64	3	generalized	generalize	VBN
work_ijodnynjfzg6pajray343ungoq	64	4	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	64	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	64	6	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	64	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	64	8	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	64	9	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	64	10	linked	link	VBN
work_ijodnynjfzg6pajray343ungoq	64	11	to	to	IN
work_ijodnynjfzg6pajray343ungoq	64	12	informa-	informa-	JJ
work_ijodnynjfzg6pajray343ungoq	64	13	tion	tion	NN
work_ijodnynjfzg6pajray343ungoq	64	14	through	through	IN
work_ijodnynjfzg6pajray343ungoq	64	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	64	16	concept	concept	NN
work_ijodnynjfzg6pajray343ungoq	64	17	of	of	IN
work_ijodnynjfzg6pajray343ungoq	64	18	granular	granular	JJ
work_ijodnynjfzg6pajray343ungoq	64	19	structure	structure	NN
work_ijodnynjfzg6pajray343ungoq	64	20	—	—	:
work_ijodnynjfzg6pajray343ungoq	64	21	a	a	DT
work_ijodnynjfzg6pajray343ungoq	64	22	concept	concept	NN
work_ijodnynjfzg6pajray343ungoq	64	23	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	64	24	plays	play	VBZ
work_ijodnynjfzg6pajray343ungoq	64	25	a	a	DT
work_ijodnynjfzg6pajray343ungoq	64	26	key	key	JJ
work_ijodnynjfzg6pajray343ungoq	64	27	role	role	NN
work_ijodnynjfzg6pajray343ungoq	64	28	in	in	IN
work_ijodnynjfzg6pajray343ungoq	64	29	human	human	JJ
work_ijodnynjfzg6pajray343ungoq	64	30	interaction	interaction	NN
work_ijodnynjfzg6pajray343ungoq	64	31	with	with	IN
work_ijodnynjfzg6pajray343ungoq	64	32	the	the	DT
work_ijodnynjfzg6pajray343ungoq	64	33	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	64	34	world	world	NN
work_ijodnynjfzg6pajray343ungoq	64	35	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	64	36	Zadeh	Zadeh	NNP
work_ijodnynjfzg6pajray343ungoq	64	37	,	,	,
work_ijodnynjfzg6pajray343ungoq	64	38	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	64	39	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	64	40	.	.	.
work_ijodnynjfzg6pajray343ungoq	65	1	Thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	65	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	65	3	these	these	DT
work_ijodnynjfzg6pajray343ungoq	65	4	parameters	parameter	NNS
work_ijodnynjfzg6pajray343ungoq	65	5	can	can	MD
work_ijodnynjfzg6pajray343ungoq	65	6	be	be	VB
work_ijodnynjfzg6pajray343ungoq	65	7	characterized	characterize	VBN
work_ijodnynjfzg6pajray343ungoq	65	8	with	with	IN
work_ijodnynjfzg6pajray343ungoq	65	9	possibilistic	possibilistic	JJ
work_ijodnynjfzg6pajray343ungoq	65	10	distributions	distribution	NNS
work_ijodnynjfzg6pajray343ungoq	65	11	instead	instead	RB
work_ijodnynjfzg6pajray343ungoq	65	12	of	of	IN
work_ijodnynjfzg6pajray343ungoq	65	13	probabilistic	probabilistic	JJ
work_ijodnynjfzg6pajray343ungoq	65	14	distributions	distribution	NNS
work_ijodnynjfzg6pajray343ungoq	65	15	,	,	,
work_ijodnynjfzg6pajray343ungoq	65	16	and	and	CC
work_ijodnynjfzg6pajray343ungoq	65	17	can	can	MD
work_ijodnynjfzg6pajray343ungoq	65	18	be	be	VB
work_ijodnynjfzg6pajray343ungoq	65	19	esti-	esti-	VBN
work_ijodnynjfzg6pajray343ungoq	65	20	mated	mate	VBN
work_ijodnynjfzg6pajray343ungoq	65	21	by	by	IN
work_ijodnynjfzg6pajray343ungoq	65	22	making	make	VBG
work_ijodnynjfzg6pajray343ungoq	65	23	use	use	NN
work_ijodnynjfzg6pajray343ungoq	65	24	of	of	IN
work_ijodnynjfzg6pajray343ungoq	65	25	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	65	26	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	65	27	.	.	.
work_ijodnynjfzg6pajray343ungoq	66	1	By	by	IN
work_ijodnynjfzg6pajray343ungoq	66	2	modeling	model	VBG
work_ijodnynjfzg6pajray343ungoq	66	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	66	4	stock	stock	NN
work_ijodnynjfzg6pajray343ungoq	66	5	price	price	NN
work_ijodnynjfzg6pajray343ungoq	66	6	in	in	IN
work_ijodnynjfzg6pajray343ungoq	66	7	each	each	DT
work_ijodnynjfzg6pajray343ungoq	66	8	state	state	NN
work_ijodnynjfzg6pajray343ungoq	66	9	as	as	IN
work_ijodnynjfzg6pajray343ungoq	66	10	a	a	DT
work_ijodnynjfzg6pajray343ungoq	66	11	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	66	12	number	number	NN
work_ijodnynjfzg6pajray343ungoq	66	13	,	,	,
work_ijodnynjfzg6pajray343ungoq	66	14	Muzzioli	Muzzioli	NNP
work_ijodnynjfzg6pajray343ungoq	66	15	and	and	CC
work_ijodnynjfzg6pajray343ungoq	66	16	Torricelli	Torricelli	NNP
work_ijodnynjfzg6pajray343ungoq	66	17	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	66	18	2004	2004	CD
work_ijodnynjfzg6pajray343ungoq	66	19	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	66	20	obtained	obtain	VBD
work_ijodnynjfzg6pajray343ungoq	66	21	a	a	DT
work_ijodnynjfzg6pajray343ungoq	66	22	possibility	possibility	NN
work_ijodnynjfzg6pajray343ungoq	66	23	distribution	distribution	NN
work_ijodnynjfzg6pajray343ungoq	66	24	of	of	IN
work_ijodnynjfzg6pajray343ungoq	66	25	the	the	DT
work_ijodnynjfzg6pajray343ungoq	66	26	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	66	27	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	66	28	neutral	neutral	JJ
work_ijodnynjfzg6pajray343ungoq	66	29	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	66	30	in	in	IN
work_ijodnynjfzg6pajray343ungoq	66	31	a	a	DT
work_ijodnynjfzg6pajray343ungoq	66	32	multi	multi	JJ
work_ijodnynjfzg6pajray343ungoq	66	33	-	-	JJ
work_ijodnynjfzg6pajray343ungoq	66	34	period	period	JJ
work_ijodnynjfzg6pajray343ungoq	66	35	binomial	binomial	NN
work_ijodnynjfzg6pajray343ungoq	66	36	model	model	NN
work_ijodnynjfzg6pajray343ungoq	66	37	,	,	,
work_ijodnynjfzg6pajray343ungoq	66	38	then	then	RB
work_ijodnynjfzg6pajray343ungoq	66	39	computed	compute	VBD
work_ijodnynjfzg6pajray343ungoq	66	40	the	the	DT
work_ijodnynjfzg6pajray343ungoq	66	41	option	option	NN
work_ijodnynjfzg6pajray343ungoq	66	42	price	price	NN
work_ijodnynjfzg6pajray343ungoq	66	43	with	with	IN
work_ijodnynjfzg6pajray343ungoq	66	44	a	a	DT
work_ijodnynjfzg6pajray343ungoq	66	45	weighted	weighted	JJ
work_ijodnynjfzg6pajray343ungoq	66	46	expected	expect	VBN
work_ijodnynjfzg6pajray343ungoq	66	47	value	value	NN
work_ijodnynjfzg6pajray343ungoq	66	48	interval	interval	NN
work_ijodnynjfzg6pajray343ungoq	66	49	,	,	,
work_ijodnynjfzg6pajray343ungoq	66	50	and	and	CC
work_ijodnynjfzg6pajray343ungoq	66	51	thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	66	52	determined	determine	VBD
work_ijodnynjfzg6pajray343ungoq	66	53	a	a	DT
work_ijodnynjfzg6pajray343ungoq	66	54	‘	'	``
work_ijodnynjfzg6pajray343ungoq	66	55	‘	'	``
work_ijodnynjfzg6pajray343ungoq	66	56	most	most	RBS
work_ijodnynjfzg6pajray343ungoq	66	57	likely	likely	JJ
work_ijodnynjfzg6pajray343ungoq	66	58	’	'	''
work_ijodnynjfzg6pajray343ungoq	66	59	’	'	''
work_ijodnynjfzg6pajray343ungoq	66	60	option	option	NN
work_ijodnynjfzg6pajray343ungoq	66	61	value	value	NN
work_ijodnynjfzg6pajray343ungoq	66	62	within	within	IN
work_ijodnynjfzg6pajray343ungoq	66	63	the	the	DT
work_ijodnynjfzg6pajray343ungoq	66	64	interval	interval	NN
work_ijodnynjfzg6pajray343ungoq	66	65	.	.	.
work_ijodnynjfzg6pajray343ungoq	67	1	Muzzioli	Muzzioli	NNP
work_ijodnynjfzg6pajray343ungoq	67	2	and	and	CC
work_ijodnynjfzg6pajray343ungoq	67	3	Reynaerts	Reynaerts	NNP
work_ijodnynjfzg6pajray343ungoq	67	4	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	67	5	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	67	6	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	67	7	also	also	RB
work_ijodnynjfzg6pajray343ungoq	67	8	addressed	address	VBD
work_ijodnynjfzg6pajray343ungoq	67	9	that	that	IN
work_ijodnynjfzg6pajray343ungoq	67	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	67	11	key	key	JJ
work_ijodnynjfzg6pajray343ungoq	67	12	input	input	NN
work_ijodnynjfzg6pajray343ungoq	67	13	of	of	IN
work_ijodnynjfzg6pajray343ungoq	67	14	the	the	DT
work_ijodnynjfzg6pajray343ungoq	67	15	multi	multi	JJ
work_ijodnynjfzg6pajray343ungoq	67	16	-	-	JJ
work_ijodnynjfzg6pajray343ungoq	67	17	period	period	JJ
work_ijodnynjfzg6pajray343ungoq	67	18	binomial	binomial	NN
work_ijodnynjfzg6pajray343ungoq	67	19	model	model	NN
work_ijodnynjfzg6pajray343ungoq	67	20	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	67	21	the	the	DT
work_ijodnynjfzg6pajray343ungoq	67	22	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	67	23	of	of	IN
work_ijodnynjfzg6pajray343ungoq	67	24	the	the	DT
work_ijodnynjfzg6pajray343ungoq	67	25	underlying	underlie	VBG
work_ijodnynjfzg6pajray343ungoq	67	26	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	67	27	,	,	,
work_ijodnynjfzg6pajray343ungoq	67	28	but	but	CC
work_ijodnynjfzg6pajray343ungoq	67	29	it	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	67	30	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	67	31	an	an	DT
work_ijodnynjfzg6pajray343ungoq	67	32	unobservable	unobservable	JJ
work_ijodnynjfzg6pajray343ungoq	67	33	parameter	parameter	NN
work_ijodnynjfzg6pajray343ungoq	67	34	.	.	.
work_ijodnynjfzg6pajray343ungoq	68	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	68	2	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	68	3	parameter	parameter	NN
work_ijodnynjfzg6pajray343ungoq	68	4	can	can	MD
work_ijodnynjfzg6pajray343ungoq	68	5	be	be	VB
work_ijodnynjfzg6pajray343ungoq	68	6	estimated	estimate	VBN
work_ijodnynjfzg6pajray343ungoq	68	7	either	either	CC
work_ijodnynjfzg6pajray343ungoq	68	8	from	from	IN
work_ijodnynjfzg6pajray343ungoq	68	9	historical	historical	JJ
work_ijodnynjfzg6pajray343ungoq	68	10	data	datum	NNS
work_ijodnynjfzg6pajray343ungoq	68	11	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	68	12	historical	historical	JJ
work_ijodnynjfzg6pajray343ungoq	68	13	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	68	14	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	68	15	or	or	CC
work_ijodnynjfzg6pajray343ungoq	68	16	implied	imply	VBN
work_ijodnynjfzg6pajray343ungoq	68	17	from	from	IN
work_ijodnynjfzg6pajray343ungoq	68	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	68	19	price	price	NN
work_ijodnynjfzg6pajray343ungoq	68	20	of	of	IN
work_ijodnynjfzg6pajray343ungoq	68	21	European	european	JJ
work_ijodnynjfzg6pajray343ungoq	68	22	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	68	23	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	68	24	implied	imply	VBN
work_ijodnynjfzg6pajray343ungoq	68	25	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	68	26	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	68	27	.	.	.
work_ijodnynjfzg6pajray343ungoq	69	1	Providing	provide	VBG
work_ijodnynjfzg6pajray343ungoq	69	2	a	a	DT
work_ijodnynjfzg6pajray343ungoq	69	3	precise	precise	JJ
work_ijodnynjfzg6pajray343ungoq	69	4	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	69	5	estimate	estimate	NN
work_ijodnynjfzg6pajray343ungoq	69	6	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	69	7	difficult	difficult	JJ
work_ijodnynjfzg6pajray343ungoq	69	8	;	;	:
work_ijodnynjfzg6pajray343ungoq	69	9	therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	69	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	69	11	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	69	12	used	use	VBD
work_ijodnynjfzg6pajray343ungoq	69	13	a	a	DT
work_ijodnynjfzg6pajray343ungoq	69	14	possibility	possibility	NN
work_ijodnynjfzg6pajray343ungoq	69	15	distribution	distribution	NN
work_ijodnynjfzg6pajray343ungoq	69	16	to	to	TO
work_ijodnynjfzg6pajray343ungoq	69	17	model	model	VB
work_ijodnynjfzg6pajray343ungoq	69	18	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	69	19	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	69	20	and	and	CC
work_ijodnynjfzg6pajray343ungoq	69	21	to	to	TO
work_ijodnynjfzg6pajray343ungoq	69	22	price	price	VB
work_ijodnynjfzg6pajray343ungoq	69	23	an	an	DT
work_ijodnynjfzg6pajray343ungoq	69	24	American	american	JJ
work_ijodnynjfzg6pajray343ungoq	69	25	option	option	NN
work_ijodnynjfzg6pajray343ungoq	69	26	in	in	IN
work_ijodnynjfzg6pajray343ungoq	69	27	a	a	DT
work_ijodnynjfzg6pajray343ungoq	69	28	multi-	multi-	JJ
work_ijodnynjfzg6pajray343ungoq	69	29	period	period	NN
work_ijodnynjfzg6pajray343ungoq	69	30	binomial	binomial	NNP
work_ijodnynjfzg6pajray343ungoq	69	31	model	model	NN
work_ijodnynjfzg6pajray343ungoq	69	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	70	1	Carlsson	Carlsson	NNP
work_ijodnynjfzg6pajray343ungoq	70	2	and	and	CC
work_ijodnynjfzg6pajray343ungoq	70	3	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	70	4	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	70	5	2003	2003	CD
work_ijodnynjfzg6pajray343ungoq	70	6	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	70	7	mentioned	mention	VBD
work_ijodnynjfzg6pajray343ungoq	70	8	that	that	IN
work_ijodnynjfzg6pajray343ungoq	70	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	70	10	imprecision	imprecision	NN
work_ijodnynjfzg6pajray343ungoq	70	11	in	in	IN
work_ijodnynjfzg6pajray343ungoq	70	12	judging	judge	VBG
work_ijodnynjfzg6pajray343ungoq	70	13	or	or	CC
work_ijodnynjfzg6pajray343ungoq	70	14	estimating	estimate	VBG
work_ijodnynjfzg6pajray343ungoq	70	15	future	future	JJ
work_ijodnynjfzg6pajray343ungoq	70	16	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	70	17	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	70	18	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	70	19	not	not	RB
work_ijodnynjfzg6pajray343ungoq	70	20	stochastic	stochastic	JJ
work_ijodnynjfzg6pajray343ungoq	70	21	in	in	IN
work_ijodnynjfzg6pajray343ungoq	70	22	nature	nature	NN
work_ijodnynjfzg6pajray343ungoq	70	23	,	,	,
work_ijodnynjfzg6pajray343ungoq	70	24	and	and	CC
work_ijodnynjfzg6pajray343ungoq	70	25	that	that	IN
work_ijodnynjfzg6pajray343ungoq	70	26	the	the	DT
work_ijodnynjfzg6pajray343ungoq	70	27	use	use	NN
work_ijodnynjfzg6pajray343ungoq	70	28	of	of	IN
work_ijodnynjfzg6pajray343ungoq	70	29	the	the	DT
work_ijodnynjfzg6pajray343ungoq	70	30	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	70	31	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	70	32	leads	lead	VBZ
work_ijodnynjfzg6pajray343ungoq	70	33	to	to	IN
work_ijodnynjfzg6pajray343ungoq	70	34	a	a	DT
work_ijodnynjfzg6pajray343ungoq	70	35	misleading	misleading	JJ
work_ijodnynjfzg6pajray343ungoq	70	36	level	level	NN
work_ijodnynjfzg6pajray343ungoq	70	37	of	of	IN
work_ijodnynjfzg6pajray343ungoq	70	38	precision	precision	NN
work_ijodnynjfzg6pajray343ungoq	70	39	.	.	.
work_ijodnynjfzg6pajray343ungoq	71	1	Their	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	71	2	study	study	NN
work_ijodnynjfzg6pajray343ungoq	71	3	introduced	introduce	VBD
work_ijodnynjfzg6pajray343ungoq	71	4	a	a	DT
work_ijodnynjfzg6pajray343ungoq	71	5	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	71	6	option	option	NN
work_ijodnynjfzg6pajray343ungoq	71	7	rule	rule	NN
work_ijodnynjfzg6pajray343ungoq	71	8	in	in	IN
work_ijodnynjfzg6pajray343ungoq	71	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	71	10	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	71	11	setting	setting	NN
work_ijodnynjfzg6pajray343ungoq	71	12	in	in	IN
work_ijodnynjfzg6pajray343ungoq	71	13	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	71	14	the	the	DT
work_ijodnynjfzg6pajray343ungoq	71	15	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	71	16	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	71	17	of	of	IN
work_ijodnynjfzg6pajray343ungoq	71	18	expected	expected	JJ
work_ijodnynjfzg6pajray343ungoq	71	19	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	71	20	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	71	21	and	and	CC
work_ijodnynjfzg6pajray343ungoq	71	22	expected	expect	VBN
work_ijodnynjfzg6pajray343ungoq	71	23	costs	cost	NNS
work_ijodnynjfzg6pajray343ungoq	71	24	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	71	25	estimated	estimate	VBN
work_ijodnynjfzg6pajray343ungoq	71	26	by	by	IN
work_ijodnynjfzg6pajray343ungoq	71	27	trapezoi-	trapezoi-	NNP
work_ijodnynjfzg6pajray343ungoq	71	28	dal	dal	NNP
work_ijodnynjfzg6pajray343ungoq	71	29	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	71	30	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	71	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	72	1	They	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	72	2	determined	determine	VBD
work_ijodnynjfzg6pajray343ungoq	72	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	72	4	optimal	optimal	JJ
work_ijodnynjfzg6pajray343ungoq	72	5	exercise	exercise	NN
work_ijodnynjfzg6pajray343ungoq	72	6	time	time	NN
work_ijodnynjfzg6pajray343ungoq	72	7	with	with	IN
work_ijodnynjfzg6pajray343ungoq	72	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	72	9	help	help	NN
work_ijodnynjfzg6pajray343ungoq	72	10	of	of	IN
work_ijodnynjfzg6pajray343ungoq	72	11	possibilistic	possibilistic	JJ
work_ijodnynjfzg6pajray343ungoq	72	12	mean	mean	NN
work_ijodnynjfzg6pajray343ungoq	72	13	value	value	NN
work_ijodnynjfzg6pajray343ungoq	72	14	and	and	CC
work_ijodnynjfzg6pajray343ungoq	72	15	variance	variance	NN
work_ijodnynjfzg6pajray343ungoq	72	16	of	of	IN
work_ijodnynjfzg6pajray343ungoq	72	17	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	72	18	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	72	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	73	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	73	2	proposed	propose	VBN
work_ijodnynjfzg6pajray343ungoq	73	3	model	model	NN
work_ijodnynjfzg6pajray343ungoq	73	4	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	73	5	incorporates	incorporate	VBZ
work_ijodnynjfzg6pajray343ungoq	73	6	subjective	subjective	JJ
work_ijodnynjfzg6pajray343ungoq	73	7	judg-	judg-	NN
work_ijodnynjfzg6pajray343ungoq	73	8	ments	ment	NNS
work_ijodnynjfzg6pajray343ungoq	73	9	and	and	CC
work_ijodnynjfzg6pajray343ungoq	73	10	statistical	statistical	JJ
work_ijodnynjfzg6pajray343ungoq	73	11	uncertainties	uncertainty	NNS
work_ijodnynjfzg6pajray343ungoq	73	12	may	may	MD
work_ijodnynjfzg6pajray343ungoq	73	13	give	give	VB
work_ijodnynjfzg6pajray343ungoq	73	14	investors	investor	NNS
work_ijodnynjfzg6pajray343ungoq	73	15	a	a	DT
work_ijodnynjfzg6pajray343ungoq	73	16	better	well	JJR
work_ijodnynjfzg6pajray343ungoq	73	17	understanding	understanding	NN
work_ijodnynjfzg6pajray343ungoq	73	18	of	of	IN
work_ijodnynjfzg6pajray343ungoq	73	19	the	the	DT
work_ijodnynjfzg6pajray343ungoq	73	20	problem	problem	NN
work_ijodnynjfzg6pajray343ungoq	73	21	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	73	22	making	make	VBG
work_ijodnynjfzg6pajray343ungoq	73	23	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	73	24	decisions	decision	NNS
work_ijodnynjfzg6pajray343ungoq	73	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	74	1	Carlsson	Carlsson	NNP
work_ijodnynjfzg6pajray343ungoq	74	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	74	3	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	74	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	74	5	Heikkila	Heikkila	NNP
work_ijodnynjfzg6pajray343ungoq	74	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	74	7	and	and	CC
work_ijodnynjfzg6pajray343ungoq	74	8	Majlender	Majlender	NNP
work_ijodnynjfzg6pajray343ungoq	74	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	74	10	2007	2007	CD
work_ijodnynjfzg6pajray343ungoq	74	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	74	12	also	also	RB
work_ijodnynjfzg6pajray343ungoq	74	13	developed	develop	VBD
work_ijodnynjfzg6pajray343ungoq	74	14	a	a	DT
work_ijodnynjfzg6pajray343ungoq	74	15	methodology	methodology	NN
work_ijodnynjfzg6pajray343ungoq	74	16	for	for	IN
work_ijodnynjfzg6pajray343ungoq	74	17	valuing	valuing	NN
work_ijodnynjfzg6pajray343ungoq	74	18	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	74	19	on	on	IN
work_ijodnynjfzg6pajray343ungoq	74	20	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	74	21	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	74	22	,	,	,
work_ijodnynjfzg6pajray343ungoq	74	23	in	in	IN
work_ijodnynjfzg6pajray343ungoq	74	24	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	74	25	future	future	JJ
work_ijodnynjfzg6pajray343ungoq	74	26	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	74	27	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	74	28	were	be	VBD
work_ijodnynjfzg6pajray343ungoq	74	29	estimated	estimate	VBN
work_ijodnynjfzg6pajray343ungoq	74	30	by	by	IN
work_ijodnynjfzg6pajray343ungoq	74	31	trapezoidal	trapezoidal	JJ
work_ijodnynjfzg6pajray343ungoq	74	32	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	74	33	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	74	34	.	.	.
work_ijodnynjfzg6pajray343ungoq	75	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	75	2	partic-	partic-	JJ
work_ijodnynjfzg6pajray343ungoq	75	3	ular	ular	JJ
work_ijodnynjfzg6pajray343ungoq	75	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	75	5	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	75	6	presented	present	VBD
work_ijodnynjfzg6pajray343ungoq	75	7	a	a	DT
work_ijodnynjfzg6pajray343ungoq	75	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	75	9	mixed	mixed	JJ
work_ijodnynjfzg6pajray343ungoq	75	10	integer	integer	NN
work_ijodnynjfzg6pajray343ungoq	75	11	programming	programming	NN
work_ijodnynjfzg6pajray343ungoq	75	12	model	model	NN
work_ijodnynjfzg6pajray343ungoq	75	13	for	for	IN
work_ijodnynjfzg6pajray343ungoq	75	14	the	the	DT
work_ijodnynjfzg6pajray343ungoq	75	15	R&D	R&D	NNP
work_ijodnynjfzg6pajray343ungoq	75	16	optimal	optimal	JJ
work_ijodnynjfzg6pajray343ungoq	75	17	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	75	18	selection	selection	NN
work_ijodnynjfzg6pajray343ungoq	75	19	problem	problem	NN
work_ijodnynjfzg6pajray343ungoq	75	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	76	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	76	2	addition	addition	NN
work_ijodnynjfzg6pajray343ungoq	76	3	to	to	IN
work_ijodnynjfzg6pajray343ungoq	76	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	76	5	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	76	6	model	model	NN
work_ijodnynjfzg6pajray343ungoq	76	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	76	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	76	9	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	76	10	–	–	:
work_ijodnynjfzg6pajray343ungoq	76	11	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	76	12	model	model	NN
work_ijodnynjfzg6pajray343ungoq	76	13	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	76	14	another	another	DT
work_ijodnynjfzg6pajray343ungoq	76	15	way	way	NN
work_ijodnynjfzg6pajray343ungoq	76	16	to	to	TO
work_ijodnynjfzg6pajray343ungoq	76	17	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	76	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	76	19	option	option	NN
work_ijodnynjfzg6pajray343ungoq	76	20	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	76	21	value	value	NN
work_ijodnynjfzg6pajray343ungoq	76	22	.	.	.
work_ijodnynjfzg6pajray343ungoq	77	1	Owing	owe	VBG
work_ijodnynjfzg6pajray343ungoq	77	2	to	to	IN
work_ijodnynjfzg6pajray343ungoq	77	3	fluctuations	fluctuation	NNS
work_ijodnynjfzg6pajray343ungoq	77	4	in	in	IN
work_ijodnynjfzg6pajray343ungoq	77	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	77	6	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	77	7	market	market	NN
work_ijodnynjfzg6pajray343ungoq	77	8	from	from	IN
work_ijodnynjfzg6pajray343ungoq	77	9	time	time	NN
work_ijodnynjfzg6pajray343ungoq	77	10	to	to	IN
work_ijodnynjfzg6pajray343ungoq	77	11	time	time	NN
work_ijodnynjfzg6pajray343ungoq	77	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	77	13	some	some	DT
work_ijodnynjfzg6pajray343ungoq	77	14	input	input	JJ
work_ijodnynjfzg6pajray343ungoq	77	15	parameters	parameter	NNS
work_ijodnynjfzg6pajray343ungoq	77	16	in	in	IN
work_ijodnynjfzg6pajray343ungoq	77	17	the	the	DT
work_ijodnynjfzg6pajray343ungoq	77	18	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	77	19	–	–	:
work_ijodnynjfzg6pajray343ungoq	77	20	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	77	21	formula	formula	NN
work_ijodnynjfzg6pajray343ungoq	77	22	can	can	MD
work_ijodnynjfzg6pajray343ungoq	77	23	not	not	RB
work_ijodnynjfzg6pajray343ungoq	77	24	be	be	VB
work_ijodnynjfzg6pajray343ungoq	77	25	expected	expect	VBN
work_ijodnynjfzg6pajray343ungoq	77	26	to	to	TO
work_ijodnynjfzg6pajray343ungoq	77	27	always	always	RB
work_ijodnynjfzg6pajray343ungoq	77	28	be	be	VB
work_ijodnynjfzg6pajray343ungoq	77	29	pre-	pre-	NN
work_ijodnynjfzg6pajray343ungoq	77	30	cise	cise	NN
work_ijodnynjfzg6pajray343ungoq	77	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	78	1	Wu	Wu	NNP
work_ijodnynjfzg6pajray343ungoq	78	2	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	78	3	2004	2004	CD
work_ijodnynjfzg6pajray343ungoq	78	4	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	78	5	applied	apply	VBD
work_ijodnynjfzg6pajray343ungoq	78	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	78	7	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	78	8	set	set	NN
work_ijodnynjfzg6pajray343ungoq	78	9	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	78	10	to	to	IN
work_ijodnynjfzg6pajray343ungoq	78	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	78	12	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	78	13	–	–	:
work_ijodnynjfzg6pajray343ungoq	78	14	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	78	15	for-	for-	IN
work_ijodnynjfzg6pajray343ungoq	78	16	mula	mula	NN
work_ijodnynjfzg6pajray343ungoq	78	17	.	.	.
work_ijodnynjfzg6pajray343ungoq	79	1	Under	under	IN
work_ijodnynjfzg6pajray343ungoq	79	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	79	3	assumptions	assumption	NNS
work_ijodnynjfzg6pajray343ungoq	79	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	79	5	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	79	6	interest	interest	NN
work_ijodnynjfzg6pajray343ungoq	79	7	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	79	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	79	9	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	79	10	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	79	11	and	and	CC
work_ijodnynjfzg6pajray343ungoq	79	12	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	79	13	stock	stock	NN
work_ijodnynjfzg6pajray343ungoq	79	14	price	price	NN
work_ijodnynjfzg6pajray343ungoq	79	15	,	,	,
work_ijodnynjfzg6pajray343ungoq	79	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	79	17	European	european	JJ
work_ijodnynjfzg6pajray343ungoq	79	18	option	option	NN
work_ijodnynjfzg6pajray343ungoq	79	19	price	price	NN
work_ijodnynjfzg6pajray343ungoq	79	20	turns	turn	VBZ
work_ijodnynjfzg6pajray343ungoq	79	21	into	into	IN
work_ijodnynjfzg6pajray343ungoq	79	22	a	a	DT
work_ijodnynjfzg6pajray343ungoq	79	23	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	79	24	number	number	NN
work_ijodnynjfzg6pajray343ungoq	79	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	80	1	This	this	DT
work_ijodnynjfzg6pajray343ungoq	80	2	allows	allow	VBZ
work_ijodnynjfzg6pajray343ungoq	80	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	80	4	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	80	5	analyst	analyst	NN
work_ijodnynjfzg6pajray343ungoq	80	6	to	to	TO
work_ijodnynjfzg6pajray343ungoq	80	7	pick	pick	VB
work_ijodnynjfzg6pajray343ungoq	80	8	a	a	DT
work_ijodnynjfzg6pajray343ungoq	80	9	European	european	JJ
work_ijodnynjfzg6pajray343ungoq	80	10	option	option	NN
work_ijodnynjfzg6pajray343ungoq	80	11	price	price	NN
work_ijodnynjfzg6pajray343ungoq	80	12	with	with	IN
work_ijodnynjfzg6pajray343ungoq	80	13	an	an	DT
work_ijodnynjfzg6pajray343ungoq	80	14	acceptable	acceptable	JJ
work_ijodnynjfzg6pajray343ungoq	80	15	degree	degree	NN
work_ijodnynjfzg6pajray343ungoq	80	16	of	of	IN
work_ijodnynjfzg6pajray343ungoq	80	17	belief	belief	NN
work_ijodnynjfzg6pajray343ungoq	80	18	.	.	.
work_ijodnynjfzg6pajray343ungoq	81	1	Lee	Lee	NNP
work_ijodnynjfzg6pajray343ungoq	81	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	81	3	Tzeng	Tzeng	NNP
work_ijodnynjfzg6pajray343ungoq	81	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	81	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	81	6	Wang	Wang	NNP
work_ijodnynjfzg6pajray343ungoq	81	7	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	81	8	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	81	9	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	81	10	adopted	adopt	VBD
work_ijodnynjfzg6pajray343ungoq	81	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	81	12	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	81	13	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	81	14	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	81	15	and	and	CC
work_ijodnynjfzg6pajray343ungoq	81	16	Bayes	Bayes	NNP
work_ijodnynjfzg6pajray343ungoq	81	17	’	’	POS
work_ijodnynjfzg6pajray343ungoq	81	18	rule	rule	NN
work_ijodnynjfzg6pajray343ungoq	81	19	as	as	IN
work_ijodnynjfzg6pajray343ungoq	81	20	a	a	DT
work_ijodnynjfzg6pajray343ungoq	81	21	basis	basis	NN
work_ijodnynjfzg6pajray343ungoq	81	22	for	for	IN
work_ijodnynjfzg6pajray343ungoq	81	23	measuring	measure	VBG
work_ijodnynjfzg6pajray343ungoq	81	24	fuzziness	fuzziness	NN
work_ijodnynjfzg6pajray343ungoq	81	25	in	in	IN
work_ijodnynjfzg6pajray343ungoq	81	26	the	the	DT
work_ijodnynjfzg6pajray343ungoq	81	27	practice	practice	NN
work_ijodnynjfzg6pajray343ungoq	81	28	of	of	IN
work_ijodnynjfzg6pajray343ungoq	81	29	option	option	NN
work_ijodnynjfzg6pajray343ungoq	81	30	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	81	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	82	1	Their	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	82	2	study	study	NN
work_ijodnynjfzg6pajray343ungoq	82	3	also	also	RB
work_ijodnynjfzg6pajray343ungoq	82	4	employed	employ	VBD
work_ijodnynjfzg6pajray343ungoq	82	5	‘	'	``
work_ijodnynjfzg6pajray343ungoq	82	6	‘	'	``
work_ijodnynjfzg6pajray343ungoq	82	7	Fuzzy	Fuzzy	NNP
work_ijodnynjfzg6pajray343ungoq	82	8	Decision	Decision	NNP
work_ijodnynjfzg6pajray343ungoq	82	9	Space	space	NN
work_ijodnynjfzg6pajray343ungoq	82	10	’	'	''
work_ijodnynjfzg6pajray343ungoq	82	11	’	'	''
work_ijodnynjfzg6pajray343ungoq	82	12	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	82	13	consisted	consist	VBD
work_ijodnynjfzg6pajray343ungoq	82	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	82	15	four	four	CD
work_ijodnynjfzg6pajray343ungoq	82	16	dimensions	dimension	NNS
work_ijodnynjfzg6pajray343ungoq	82	17	—	—	:
work_ijodnynjfzg6pajray343ungoq	82	18	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	82	19	state	state	NN
work_ijodnynjfzg6pajray343ungoq	82	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	82	21	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	82	22	sample	sample	NN
work_ijodnynjfzg6pajray343ungoq	82	23	information	information	NN
work_ijodnynjfzg6pajray343ungoq	82	24	,	,	,
work_ijodnynjfzg6pajray343ungoq	82	25	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	82	26	action	action	NN
work_ijodnynjfzg6pajray343ungoq	82	27	and	and	CC
work_ijodnynjfzg6pajray343ungoq	82	28	evaluation	evaluation	NN
work_ijodnynjfzg6pajray343ungoq	82	29	function	function	NN
work_ijodnynjfzg6pajray343ungoq	82	30	—	—	:
work_ijodnynjfzg6pajray343ungoq	82	31	to	to	TO
work_ijodnynjfzg6pajray343ungoq	82	32	describe	describe	VB
work_ijodnynjfzg6pajray343ungoq	82	33	the	the	DT
work_ijodnynjfzg6pajray343ungoq	82	34	decisions	decision	NNS
work_ijodnynjfzg6pajray343ungoq	82	35	of	of	IN
work_ijodnynjfzg6pajray343ungoq	82	36	investors	investor	NNS
work_ijodnynjfzg6pajray343ungoq	82	37	.	.	.
work_ijodnynjfzg6pajray343ungoq	83	1	These	these	DT
work_ijodnynjfzg6pajray343ungoq	83	2	dimensions	dimension	NNS
work_ijodnynjfzg6pajray343ungoq	83	3	were	be	VBD
work_ijodnynjfzg6pajray343ungoq	83	4	used	use	VBN
work_ijodnynjfzg6pajray343ungoq	83	5	to	to	TO
work_ijodnynjfzg6pajray343ungoq	83	6	derive	derive	VB
work_ijodnynjfzg6pajray343ungoq	83	7	a	a	DT
work_ijodnynjfzg6pajray343ungoq	83	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	83	9	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	83	10	–	–	:
work_ijodnynjfzg6pajray343ungoq	83	11	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	83	12	option	option	NN
work_ijodnynjfzg6pajray343ungoq	83	13	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	83	14	model	model	NN
work_ijodnynjfzg6pajray343ungoq	83	15	under	under	IN
work_ijodnynjfzg6pajray343ungoq	83	16	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	83	17	environments	environment	NNS
work_ijodnynjfzg6pajray343ungoq	83	18	.	.	.
work_ijodnynjfzg6pajray343ungoq	84	1	Thiagarajah	Thiagarajah	NNP
work_ijodnynjfzg6pajray343ungoq	84	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	84	3	Appadoo	Appadoo	NNP
work_ijodnynjfzg6pajray343ungoq	84	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	84	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	84	6	Thavaneswaran	Thavaneswaran	NNP
work_ijodnynjfzg6pajray343ungoq	84	7	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	84	8	2007	2007	CD
work_ijodnynjfzg6pajray343ungoq	84	9	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	84	10	also	also	RB
work_ijodnynjfzg6pajray343ungoq	84	11	addressed	address	VBD
work_ijodnynjfzg6pajray343ungoq	84	12	that	that	IN
work_ijodnynjfzg6pajray343ungoq	84	13	most	most	JJS
work_ijodnynjfzg6pajray343ungoq	84	14	stochastic	stochastic	JJ
work_ijodnynjfzg6pajray343ungoq	84	15	models	model	NNS
work_ijodnynjfzg6pajray343ungoq	84	16	involve	involve	VBP
work_ijodnynjfzg6pajray343ungoq	84	17	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	84	18	arising	arise	VBG
work_ijodnynjfzg6pajray343ungoq	84	19	mainly	mainly	RB
work_ijodnynjfzg6pajray343ungoq	84	20	from	from	IN
work_ijodnynjfzg6pajray343ungoq	84	21	lack	lack	NN
work_ijodnynjfzg6pajray343ungoq	84	22	of	of	IN
work_ijodnynjfzg6pajray343ungoq	84	23	knowledge	knowledge	NN
work_ijodnynjfzg6pajray343ungoq	84	24	or	or	CC
work_ijodnynjfzg6pajray343ungoq	84	25	from	from	IN
work_ijodnynjfzg6pajray343ungoq	84	26	inherent	inherent	JJ
work_ijodnynjfzg6pajray343ungoq	84	27	vagueness	vagueness	NN
work_ijodnynjfzg6pajray343ungoq	84	28	.	.	.
work_ijodnynjfzg6pajray343ungoq	85	1	Traditionally	traditionally	RB
work_ijodnynjfzg6pajray343ungoq	85	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	85	3	these	these	DT
work_ijodnynjfzg6pajray343ungoq	85	4	stochastic	stochastic	JJ
work_ijodnynjfzg6pajray343ungoq	85	5	models	model	NNS
work_ijodnynjfzg6pajray343ungoq	85	6	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	85	7	solved	solve	VBN
work_ijodnynjfzg6pajray343ungoq	85	8	using	use	VBG
work_ijodnynjfzg6pajray343ungoq	85	9	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	85	10	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	85	11	and	and	CC
work_ijodnynjfzg6pajray343ungoq	85	12	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	85	13	set	set	NN
work_ijodnynjfzg6pajray343ungoq	85	14	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	85	15	.	.	.
work_ijodnynjfzg6pajray343ungoq	86	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	86	2	their	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	86	3	study	study	NN
work_ijodnynjfzg6pajray343ungoq	86	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	86	5	using	use	VBG
work_ijodnynjfzg6pajray343ungoq	86	6	adaptive	adaptive	JJ
work_ijodnynjfzg6pajray343ungoq	86	7	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	86	8	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	86	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	86	10	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	86	11	modeled	model	VBD
work_ijodnynjfzg6pajray343ungoq	86	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	86	13	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	86	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	86	15	characteristics	characteristic	NNS
work_ijodnynjfzg6pajray343ungoq	86	16	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	86	17	as	as	IN
work_ijodnynjfzg6pajray343ungoq	86	18	interest	interest	NN
work_ijodnynjfzg6pajray343ungoq	86	19	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	86	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	86	21	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	86	22	,	,	,
work_ijodnynjfzg6pajray343ungoq	86	23	and	and	CC
work_ijodnynjfzg6pajray343ungoq	86	24	stock	stock	NN
work_ijodnynjfzg6pajray343ungoq	86	25	price	price	NN
work_ijodnynjfzg6pajray343ungoq	86	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	87	1	They	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	87	2	also	also	RB
work_ijodnynjfzg6pajray343ungoq	87	3	replaced	replace	VBD
work_ijodnynjfzg6pajray343ungoq	87	4	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	87	5	interest	interest	NN
work_ijodnynjfzg6pajray343ungoq	87	6	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	87	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	87	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	87	9	stock	stock	NN
work_ijodnynjfzg6pajray343ungoq	87	10	price	price	NN
work_ijodnynjfzg6pajray343ungoq	87	11	and	and	CC
work_ijodnynjfzg6pajray343ungoq	87	12	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	87	13	volatil-	volatil-	JJ
work_ijodnynjfzg6pajray343ungoq	87	14	ity	ity	NN
work_ijodnynjfzg6pajray343ungoq	87	15	with	with	IN
work_ijodnynjfzg6pajray343ungoq	87	16	possibilistic	possibilistic	JJ
work_ijodnynjfzg6pajray343ungoq	87	17	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	87	18	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	87	19	in	in	IN
work_ijodnynjfzg6pajray343ungoq	87	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	87	21	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	87	22	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	87	23	–	–	:
work_ijodnynjfzg6pajray343ungoq	87	24	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	87	25	formula	formula	NN
work_ijodnynjfzg6pajray343ungoq	87	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	88	1	Making	make	VBG
work_ijodnynjfzg6pajray343ungoq	88	2	a	a	DT
work_ijodnynjfzg6pajray343ungoq	88	3	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	88	4	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	88	5	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	88	6	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	88	7	difficult	difficult	JJ
work_ijodnynjfzg6pajray343ungoq	88	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	88	9	because	because	IN
work_ijodnynjfzg6pajray343ungoq	88	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	88	11	long	long	JJ
work_ijodnynjfzg6pajray343ungoq	88	12	lead	lead	NN
work_ijodnynjfzg6pajray343ungoq	88	13	times	time	NNS
work_ijodnynjfzg6pajray343ungoq	88	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	88	15	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	88	16	and	and	CC
work_ijodnynjfzg6pajray343ungoq	88	17	the	the	DT
work_ijodnynjfzg6pajray343ungoq	88	18	market	market	NN
work_ijodnynjfzg6pajray343ungoq	88	19	and	and	CC
work_ijodnynjfzg6pajray343ungoq	88	20	technology	technology	NN
work_ijodnynjfzg6pajray343ungoq	88	21	dynamics	dynamic	NNS
work_ijodnynjfzg6pajray343ungoq	88	22	lead	lead	VBP
work_ijodnynjfzg6pajray343ungoq	88	23	to	to	IN
work_ijodnynjfzg6pajray343ungoq	88	24	unavailable	unavailable	JJ
work_ijodnynjfzg6pajray343ungoq	88	25	or	or	CC
work_ijodnynjfzg6pajray343ungoq	88	26	unreliable	unreliable	JJ
work_ijodnynjfzg6pajray343ungoq	88	27	collected	collect	VBN
work_ijodnynjfzg6pajray343ungoq	88	28	data	datum	NNS
work_ijodnynjfzg6pajray343ungoq	88	29	for	for	IN
work_ijodnynjfzg6pajray343ungoq	88	30	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	88	31	manage-	manage-	NNP
work_ijodnynjfzg6pajray343ungoq	88	32	ment	ment	NNP
work_ijodnynjfzg6pajray343ungoq	88	33	.	.	.
work_ijodnynjfzg6pajray343ungoq	89	1	Wang	Wang	NNP
work_ijodnynjfzg6pajray343ungoq	89	2	and	and	CC
work_ijodnynjfzg6pajray343ungoq	89	3	Hwang	Hwang	NNP
work_ijodnynjfzg6pajray343ungoq	89	4	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	89	5	2007	2007	CD
work_ijodnynjfzg6pajray343ungoq	89	6	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	89	7	developed	develop	VBD
work_ijodnynjfzg6pajray343ungoq	89	8	a	a	DT
work_ijodnynjfzg6pajray343ungoq	89	9	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	89	10	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	89	11	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	89	12	selection	selection	NN
work_ijodnynjfzg6pajray343ungoq	89	13	model	model	NN
work_ijodnynjfzg6pajray343ungoq	89	14	to	to	TO
work_ijodnynjfzg6pajray343ungoq	89	15	hedge	hedge	VB
work_ijodnynjfzg6pajray343ungoq	89	16	against	against	IN
work_ijodnynjfzg6pajray343ungoq	89	17	the	the	DT
work_ijodnynjfzg6pajray343ungoq	89	18	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	89	19	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	89	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	90	1	Since	since	IN
work_ijodnynjfzg6pajray343ungoq	90	2	tradi-	tradi-	JJ
work_ijodnynjfzg6pajray343ungoq	90	3	tional	tional	JJ
work_ijodnynjfzg6pajray343ungoq	90	4	project	project	NN
work_ijodnynjfzg6pajray343ungoq	90	5	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	90	6	methods	method	NNS
work_ijodnynjfzg6pajray343ungoq	90	7	often	often	RB
work_ijodnynjfzg6pajray343ungoq	90	8	underestimated	underestimate	VBD
work_ijodnynjfzg6pajray343ungoq	90	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	90	10	risky	risky	JJ
work_ijodnynjfzg6pajray343ungoq	90	11	project	project	NN
work_ijodnynjfzg6pajray343ungoq	90	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	90	13	a	a	DT
work_ijodnynjfzg6pajray343ungoq	90	14	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	90	15	compound	compound	NN
work_ijodnynjfzg6pajray343ungoq	90	16	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	90	17	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	90	18	model	model	NN
work_ijodnynjfzg6pajray343ungoq	90	19	was	be	VBD
work_ijodnynjfzg6pajray343ungoq	90	20	used	use	VBN
work_ijodnynjfzg6pajray343ungoq	90	21	to	to	TO
work_ijodnynjfzg6pajray343ungoq	90	22	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	90	23	the	the	DT
work_ijodnynjfzg6pajray343ungoq	90	24	value	value	NN
work_ijodnynjfzg6pajray343ungoq	90	25	of	of	IN
work_ijodnynjfzg6pajray343ungoq	90	26	each	each	DT
work_ijodnynjfzg6pajray343ungoq	90	27	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	90	28	project	project	NN
work_ijodnynjfzg6pajray343ungoq	90	29	.	.	.
work_ijodnynjfzg6pajray343ungoq	91	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	91	2	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	91	3	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	91	4	selection	selection	NN
work_ijodnynjfzg6pajray343ungoq	91	5	problem	problem	NN
work_ijodnynjfzg6pajray343ungoq	91	6	was	be	VBD
work_ijodnynjfzg6pajray343ungoq	91	7	formulated	formulate	VBN
work_ijodnynjfzg6pajray343ungoq	91	8	as	as	IN
work_ijodnynjfzg6pajray343ungoq	91	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	91	10	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	91	11	zero	zero	CD
work_ijodnynjfzg6pajray343ungoq	91	12	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	91	13	one	one	CD
work_ijodnynjfzg6pajray343ungoq	91	14	integer	integer	NN
work_ijodnynjfzg6pajray343ungoq	91	15	programming	programming	NN
work_ijodnynjfzg6pajray343ungoq	91	16	model	model	NN
work_ijodnynjfzg6pajray343ungoq	91	17	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	91	18	could	could	MD
work_ijodnynjfzg6pajray343ungoq	91	19	handle	handle	VB
work_ijodnynjfzg6pajray343ungoq	91	20	both	both	CC
work_ijodnynjfzg6pajray343ungoq	91	21	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	91	22	and	and	CC
work_ijodnynjfzg6pajray343ungoq	91	23	flexible	flexible	JJ
work_ijodnynjfzg6pajray343ungoq	91	24	parameters	parameter	NNS
work_ijodnynjfzg6pajray343ungoq	91	25	to	to	IN
work_ijodnynjfzg6pajray343ungoq	91	26	deter-	deter-	VB
work_ijodnynjfzg6pajray343ungoq	91	27	mine	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	91	28	the	the	DT
work_ijodnynjfzg6pajray343ungoq	91	29	optimal	optimal	NNP
work_ijodnynjfzg6pajray343ungoq	91	30	project	project	NN
work_ijodnynjfzg6pajray343ungoq	91	31	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	91	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	92	1	From	from	IN
work_ijodnynjfzg6pajray343ungoq	92	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	92	3	viewpoint	viewpoint	NN
work_ijodnynjfzg6pajray343ungoq	92	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	92	5	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	92	6	random	random	JJ
work_ijodnynjfzg6pajray343ungoq	92	7	variables	variable	NNS
work_ijodnynjfzg6pajray343ungoq	92	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	92	9	Yoshida	Yoshida	NNP
work_ijodnynjfzg6pajray343ungoq	92	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	92	11	Yasuda	Yasuda	NNP
work_ijodnynjfzg6pajray343ungoq	92	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	92	13	Nakagami	Nakagami	NNP
work_ijodnynjfzg6pajray343ungoq	92	14	,	,	,
work_ijodnynjfzg6pajray343ungoq	92	15	and	and	CC
work_ijodnynjfzg6pajray343ungoq	92	16	Kurano	Kurano	NNP
work_ijodnynjfzg6pajray343ungoq	92	17	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	92	18	2006	2006	CD
work_ijodnynjfzg6pajray343ungoq	92	19	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	92	20	discussed	discuss	VBN
work_ijodnynjfzg6pajray343ungoq	92	21	,	,	,
work_ijodnynjfzg6pajray343ungoq	92	22	under	under	IN
work_ijodnynjfzg6pajray343ungoq	92	23	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	92	24	in	in	IN
work_ijodnynjfzg6pajray343ungoq	92	25	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	92	26	engineering	engineering	NN
work_ijodnynjfzg6pajray343ungoq	92	27	,	,	,
work_ijodnynjfzg6pajray343ungoq	92	28	an	an	DT
work_ijodnynjfzg6pajray343ungoq	92	29	American	american	JJ
work_ijodnynjfzg6pajray343ungoq	92	30	put	put	NN
work_ijodnynjfzg6pajray343ungoq	92	31	option	option	NN
work_ijodnynjfzg6pajray343ungoq	92	32	model	model	NN
work_ijodnynjfzg6pajray343ungoq	92	33	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	92	34	was	be	VBD
work_ijodnynjfzg6pajray343ungoq	92	35	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	92	36	on	on	IN
work_ijodnynjfzg6pajray343ungoq	92	37	the	the	DT
work_ijodnynjfzg6pajray343ungoq	92	38	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	92	39	–	–	:
work_ijodnynjfzg6pajray343ungoq	92	40	Scholes	schole	VBZ
work_ijodnynjfzg6pajray343ungoq	92	41	stochastic	stochastic	JJ
work_ijodnynjfzg6pajray343ungoq	92	42	model	model	NN
work_ijodnynjfzg6pajray343ungoq	92	43	.	.	.
work_ijodnynjfzg6pajray343ungoq	93	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	93	2	their	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	93	3	study	study	NN
work_ijodnynjfzg6pajray343ungoq	93	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	93	5	prob-	prob-	JJ
work_ijodnynjfzg6pajray343ungoq	93	6	ability	ability	NN
work_ijodnynjfzg6pajray343ungoq	93	7	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	93	8	applied	apply	VBN
work_ijodnynjfzg6pajray343ungoq	93	9	as	as	IN
work_ijodnynjfzg6pajray343ungoq	93	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	93	11	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	93	12	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	93	13	that	that	IN
work_ijodnynjfzg6pajray343ungoq	93	14	something	something	NN
work_ijodnynjfzg6pajray343ungoq	93	15	occurs	occur	VBZ
work_ijodnynjfzg6pajray343ungoq	93	16	or	or	CC
work_ijodnynjfzg6pajray343ungoq	93	17	not	not	RB
work_ijodnynjfzg6pajray343ungoq	93	18	with	with	IN
work_ijodnynjfzg6pajray343ungoq	93	19	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	93	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	93	21	and	and	CC
work_ijodnynjfzg6pajray343ungoq	93	22	fuzziness	fuzziness	NN
work_ijodnynjfzg6pajray343ungoq	93	23	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	93	24	applied	apply	VBN
work_ijodnynjfzg6pajray343ungoq	93	25	as	as	IN
work_ijodnynjfzg6pajray343ungoq	93	26	the	the	DT
work_ijodnynjfzg6pajray343ungoq	93	27	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	93	28	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	93	29	that	that	IN
work_ijodnynjfzg6pajray343ungoq	93	30	the	the	DT
work_ijodnynjfzg6pajray343ungoq	93	31	exact	exact	JJ
work_ijodnynjfzg6pajray343ungoq	93	32	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	93	33	can	can	MD
work_ijodnynjfzg6pajray343ungoq	93	34	not	not	RB
work_ijodnynjfzg6pajray343ungoq	93	35	be	be	VB
work_ijodnynjfzg6pajray343ungoq	93	36	specified	specify	VBN
work_ijodnynjfzg6pajray343ungoq	93	37	because	because	IN
work_ijodnynjfzg6pajray343ungoq	93	38	of	of	IN
work_ijodnynjfzg6pajray343ungoq	93	39	a	a	DT
work_ijodnynjfzg6pajray343ungoq	93	40	lack	lack	NN
work_ijodnynjfzg6pajray343ungoq	93	41	of	of	IN
work_ijodnynjfzg6pajray343ungoq	93	42	knowledge	knowledge	NN
work_ijodnynjfzg6pajray343ungoq	93	43	regarding	regard	VBG
work_ijodnynjfzg6pajray343ungoq	93	44	the	the	DT
work_ijodnynjfzg6pajray343ungoq	93	45	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	93	46	stock	stock	NN
work_ijodnynjfzg6pajray343ungoq	93	47	market	market	NN
work_ijodnynjfzg6pajray343ungoq	93	48	.	.	.
work_ijodnynjfzg6pajray343ungoq	94	1	By	by	IN
work_ijodnynjfzg6pajray343ungoq	94	2	introducing	introduce	VBG
work_ijodnynjfzg6pajray343ungoq	94	3	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	94	4	logic	logic	NN
work_ijodnynjfzg6pajray343ungoq	94	5	to	to	IN
work_ijodnynjfzg6pajray343ungoq	94	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	94	7	log	log	VB
work_ijodnynjfzg6pajray343ungoq	94	8	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	94	9	normal	normal	JJ
work_ijodnynjfzg6pajray343ungoq	94	10	stochastic	stochastic	JJ
work_ijodnynjfzg6pajray343ungoq	94	11	processes	process	NNS
work_ijodnynjfzg6pajray343ungoq	94	12	for	for	IN
work_ijodnynjfzg6pajray343ungoq	94	13	the	the	DT
work_ijodnynjfzg6pajray343ungoq	94	14	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	94	15	market	market	NN
work_ijodnynjfzg6pajray343ungoq	94	16	,	,	,
work_ijodnynjfzg6pajray343ungoq	94	17	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	94	18	presented	present	VBD
work_ijodnynjfzg6pajray343ungoq	94	19	a	a	DT
work_ijodnynjfzg6pajray343ungoq	94	20	model	model	NN
work_ijodnynjfzg6pajray343ungoq	94	21	with	with	IN
work_ijodnynjfzg6pajray343ungoq	94	22	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	94	23	of	of	IN
work_ijodnynjfzg6pajray343ungoq	94	24	both	both	CC
work_ijodnynjfzg6pajray343ungoq	94	25	random-	random-	JJ
work_ijodnynjfzg6pajray343ungoq	94	26	ness	ness	NN
work_ijodnynjfzg6pajray343ungoq	94	27	and	and	CC
work_ijodnynjfzg6pajray343ungoq	94	28	fuzziness	fuzziness	NN
work_ijodnynjfzg6pajray343ungoq	94	29	in	in	IN
work_ijodnynjfzg6pajray343ungoq	94	30	output	output	NN
work_ijodnynjfzg6pajray343ungoq	94	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	95	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	95	2	Garman	Garman	NNP
work_ijodnynjfzg6pajray343ungoq	95	3	–	–	:
work_ijodnynjfzg6pajray343ungoq	95	4	Kohlhagen	Kohlhagen	NNP
work_ijodnynjfzg6pajray343ungoq	95	5	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	95	6	G	G	NNP
work_ijodnynjfzg6pajray343ungoq	95	7	–	–	:
work_ijodnynjfzg6pajray343ungoq	95	8	K	K	NNP
work_ijodnynjfzg6pajray343ungoq	95	9	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	95	10	model	model	NN
work_ijodnynjfzg6pajray343ungoq	95	11	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	95	12	a	a	DT
work_ijodnynjfzg6pajray343ungoq	95	13	closed	closed	JJ
work_ijodnynjfzg6pajray343ungoq	95	14	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	95	15	form	form	NN
work_ijodnynjfzg6pajray343ungoq	95	16	solution	solution	NN
work_ijodnynjfzg6pajray343ungoq	95	17	of	of	IN
work_ijodnynjfzg6pajray343ungoq	95	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	95	19	European	european	JJ
work_ijodnynjfzg6pajray343ungoq	95	20	currency	currency	NN
work_ijodnynjfzg6pajray343ungoq	95	21	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	95	22	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	95	23	model	model	NN
work_ijodnynjfzg6pajray343ungoq	95	24	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	95	25	on	on	IN
work_ijodnynjfzg6pajray343ungoq	95	26	the	the	DT
work_ijodnynjfzg6pajray343ungoq	95	27	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	95	28	–	–	:
work_ijodnynjfzg6pajray343ungoq	95	29	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	95	30	model	model	NN
work_ijodnynjfzg6pajray343ungoq	95	31	,	,	,
work_ijodnynjfzg6pajray343ungoq	95	32	but	but	CC
work_ijodnynjfzg6pajray343ungoq	95	33	the	the	DT
work_ijodnynjfzg6pajray343ungoq	95	34	input	input	NN
work_ijodnynjfzg6pajray343ungoq	95	35	variables	variable	NNS
work_ijodnynjfzg6pajray343ungoq	95	36	of	of	IN
work_ijodnynjfzg6pajray343ungoq	95	37	the	the	DT
work_ijodnynjfzg6pajray343ungoq	95	38	G	g	NN
work_ijodnynjfzg6pajray343ungoq	95	39	–	–	:
work_ijodnynjfzg6pajray343ungoq	95	40	K	K	NNP
work_ijodnynjfzg6pajray343ungoq	95	41	model	model	NN
work_ijodnynjfzg6pajray343ungoq	95	42	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	95	43	usually	usually	RB
work_ijodnynjfzg6pajray343ungoq	95	44	regarded	regard	VBN
work_ijodnynjfzg6pajray343ungoq	95	45	as	as	IN
work_ijodnynjfzg6pajray343ungoq	95	46	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	95	47	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	95	48	.	.	.
work_ijodnynjfzg6pajray343ungoq	96	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	96	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	96	3	it	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	96	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	96	5	more	more	RBR
work_ijodnynjfzg6pajray343ungoq	96	6	suitable	suitable	JJ
work_ijodnynjfzg6pajray343ungoq	96	7	and	and	CC
work_ijodnynjfzg6pajray343ungoq	96	8	realistic	realistic	JJ
work_ijodnynjfzg6pajray343ungoq	96	9	to	to	TO
work_ijodnynjfzg6pajray343ungoq	96	10	price	price	NN
work_ijodnynjfzg6pajray343ungoq	96	11	currency	currency	NN
work_ijodnynjfzg6pajray343ungoq	96	12	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	96	13	with	with	IN
work_ijodnynjfzg6pajray343ungoq	96	14	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	96	15	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	96	16	because	because	IN
work_ijodnynjfzg6pajray343ungoq	96	17	these	these	DT
work_ijodnynjfzg6pajray343ungoq	96	18	variables	variable	NNS
work_ijodnynjfzg6pajray343ungoq	96	19	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	96	20	only	only	RB
work_ijodnynjfzg6pajray343ungoq	96	21	available	available	JJ
work_ijodnynjfzg6pajray343ungoq	96	22	with	with	IN
work_ijodnynjfzg6pajray343ungoq	96	23	imprecise	imprecise	NN
work_ijodnynjfzg6pajray343ungoq	96	24	data	datum	NNS
work_ijodnynjfzg6pajray343ungoq	96	25	or	or	CC
work_ijodnynjfzg6pajray343ungoq	96	26	data	datum	NNS
work_ijodnynjfzg6pajray343ungoq	96	27	related	relate	VBN
work_ijodnynjfzg6pajray343ungoq	96	28	in	in	IN
work_ijodnynjfzg6pajray343ungoq	96	29	a	a	DT
work_ijodnynjfzg6pajray343ungoq	96	30	vague	vague	JJ
work_ijodnynjfzg6pajray343ungoq	96	31	way	way	NN
work_ijodnynjfzg6pajray343ungoq	96	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	97	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	97	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	97	3	Liu	Liu	NNP
work_ijodnynjfzg6pajray343ungoq	97	4	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	97	5	2009	2009	CD
work_ijodnynjfzg6pajray343ungoq	97	6	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	97	7	started	start	VBD
work_ijodnynjfzg6pajray343ungoq	97	8	from	from	IN
work_ijodnynjfzg6pajray343ungoq	97	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	97	10	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	97	11	environments	environment	NNS
work_ijodnynjfzg6pajray343ungoq	97	12	of	of	IN
work_ijodnynjfzg6pajray343ungoq	97	13	currency	currency	NN
work_ijodnynjfzg6pajray343ungoq	97	14	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	97	15	markets	market	NNS
work_ijodnynjfzg6pajray343ungoq	97	16	,	,	,
work_ijodnynjfzg6pajray343ungoq	97	17	introduced	introduce	VBD
work_ijodnynjfzg6pajray343ungoq	97	18	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	97	19	tech-	tech-	JJ
work_ijodnynjfzg6pajray343ungoq	97	20	niques	nique	NNS
work_ijodnynjfzg6pajray343ungoq	97	21	,	,	,
work_ijodnynjfzg6pajray343ungoq	97	22	and	and	CC
work_ijodnynjfzg6pajray343ungoq	97	23	created	create	VBD
work_ijodnynjfzg6pajray343ungoq	97	24	a	a	DT
work_ijodnynjfzg6pajray343ungoq	97	25	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	97	26	currency	currency	NN
work_ijodnynjfzg6pajray343ungoq	97	27	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	97	28	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	97	29	model	model	NN
work_ijodnynjfzg6pajray343ungoq	97	30	.	.	.
work_ijodnynjfzg6pajray343ungoq	98	1	By	by	IN
work_ijodnynjfzg6pajray343ungoq	98	2	turning	turn	VBG
work_ijodnynjfzg6pajray343ungoq	98	3	exchange	exchange	NN
work_ijodnynjfzg6pajray343ungoq	98	4	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	98	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	98	6	interest	interest	NN
work_ijodnynjfzg6pajray343ungoq	98	7	rates	rate	NNS
work_ijodnynjfzg6pajray343ungoq	98	8	and	and	CC
work_ijodnynjfzg6pajray343ungoq	98	9	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	98	10	into	into	IN
work_ijodnynjfzg6pajray343ungoq	98	11	triangular	triangular	JJ
work_ijodnynjfzg6pajray343ungoq	98	12	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	98	13	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	98	14	,	,	,
work_ijodnynjfzg6pajray343ungoq	98	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	98	16	currency	currency	NN
work_ijodnynjfzg6pajray343ungoq	98	17	option	option	NN
work_ijodnynjfzg6pajray343ungoq	98	18	price	price	NN
work_ijodnynjfzg6pajray343ungoq	98	19	turns	turn	VBZ
work_ijodnynjfzg6pajray343ungoq	98	20	into	into	IN
work_ijodnynjfzg6pajray343ungoq	98	21	a	a	DT
work_ijodnynjfzg6pajray343ungoq	98	22	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	98	23	num-	num-	NN
work_ijodnynjfzg6pajray343ungoq	98	24	ber	ber	NNP
work_ijodnynjfzg6pajray343ungoq	98	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	99	1	This	this	DT
work_ijodnynjfzg6pajray343ungoq	99	2	allows	allow	VBZ
work_ijodnynjfzg6pajray343ungoq	99	3	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	99	4	investors	investor	NNS
work_ijodnynjfzg6pajray343ungoq	99	5	to	to	TO
work_ijodnynjfzg6pajray343ungoq	99	6	pick	pick	VB
work_ijodnynjfzg6pajray343ungoq	99	7	any	any	DT
work_ijodnynjfzg6pajray343ungoq	99	8	currency	currency	NN
work_ijodnynjfzg6pajray343ungoq	99	9	option	option	NN
work_ijodnynjfzg6pajray343ungoq	99	10	price	price	NN
work_ijodnynjfzg6pajray343ungoq	99	11	with	with	IN
work_ijodnynjfzg6pajray343ungoq	99	12	an	an	DT
work_ijodnynjfzg6pajray343ungoq	99	13	acceptable	acceptable	JJ
work_ijodnynjfzg6pajray343ungoq	99	14	degree	degree	NN
work_ijodnynjfzg6pajray343ungoq	99	15	of	of	IN
work_ijodnynjfzg6pajray343ungoq	99	16	belief	belief	NN
work_ijodnynjfzg6pajray343ungoq	99	17	.	.	.
work_ijodnynjfzg6pajray343ungoq	100	1	Fig	fig	NN
work_ijodnynjfzg6pajray343ungoq	100	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	101	1	1	1	LS
work_ijodnynjfzg6pajray343ungoq	101	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	102	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	102	2	single	single	JJ
work_ijodnynjfzg6pajray343ungoq	102	3	period	period	NN
work_ijodnynjfzg6pajray343ungoq	102	4	binomial	binomial	NN
work_ijodnynjfzg6pajray343ungoq	102	5	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	102	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	102	7	underlying	underlie	VBG
work_ijodnynjfzg6pajray343ungoq	102	8	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	102	9	value	value	NN
work_ijodnynjfzg6pajray343ungoq	102	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	103	1	Fig	fig	NN
work_ijodnynjfzg6pajray343ungoq	103	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	104	1	2	2	LS
work_ijodnynjfzg6pajray343ungoq	104	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	105	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	105	2	dynamics	dynamic	NNS
work_ijodnynjfzg6pajray343ungoq	105	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	105	4	option	option	NN
work_ijodnynjfzg6pajray343ungoq	105	5	value	value	NN
work_ijodnynjfzg6pajray343ungoq	105	6	.	.	.
work_ijodnynjfzg6pajray343ungoq	106	1	15298	15298	CD
work_ijodnynjfzg6pajray343ungoq	106	2	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	106	3	Ho	Ho	NNP
work_ijodnynjfzg6pajray343ungoq	106	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	106	5	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	106	6	Liao	Liao	NNP
work_ijodnynjfzg6pajray343ungoq	106	7	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	106	8	Expert	Expert	NNP
work_ijodnynjfzg6pajray343ungoq	106	9	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	106	10	with	with	IN
work_ijodnynjfzg6pajray343ungoq	106	11	Applications	Applications	NNP
work_ijodnynjfzg6pajray343ungoq	106	12	38	38	CD
work_ijodnynjfzg6pajray343ungoq	106	13	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	106	14	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	106	15	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	106	16	15296–15302	15296–15302	CD
work_ijodnynjfzg6pajray343ungoq	106	17	From	from	IN
work_ijodnynjfzg6pajray343ungoq	106	18	a	a	DT
work_ijodnynjfzg6pajray343ungoq	106	19	modeling	modeling	JJ
work_ijodnynjfzg6pajray343ungoq	106	20	perspective	perspective	NN
work_ijodnynjfzg6pajray343ungoq	106	21	,	,	,
work_ijodnynjfzg6pajray343ungoq	106	22	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	106	23	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	106	24	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	106	25	methods	method	NNS
work_ijodnynjfzg6pajray343ungoq	106	26	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	106	27	tended	tend	VBN
work_ijodnynjfzg6pajray343ungoq	106	28	to	to	TO
work_ijodnynjfzg6pajray343ungoq	106	29	follow	follow	VB
work_ijodnynjfzg6pajray343ungoq	106	30	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	106	31	option	option	NN
work_ijodnynjfzg6pajray343ungoq	106	32	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	106	33	techniques	technique	NNS
work_ijodnynjfzg6pajray343ungoq	106	34	.	.	.
work_ijodnynjfzg6pajray343ungoq	107	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	107	2	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	107	3	–	–	:
work_ijodnynjfzg6pajray343ungoq	107	4	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	107	5	models	model	NNS
work_ijodnynjfzg6pajray343ungoq	107	6	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	107	7	used	use	VBN
work_ijodnynjfzg6pajray343ungoq	107	8	to	to	TO
work_ijodnynjfzg6pajray343ungoq	107	9	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	107	10	simple	simple	JJ
work_ijodnynjfzg6pajray343ungoq	107	11	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	107	12	option	option	NN
work_ijodnynjfzg6pajray343ungoq	107	13	sce-	sce-	NNS
work_ijodnynjfzg6pajray343ungoq	107	14	narios	nario	NNS
work_ijodnynjfzg6pajray343ungoq	107	15	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	107	16	as	as	IN
work_ijodnynjfzg6pajray343ungoq	107	17	delay	delay	NN
work_ijodnynjfzg6pajray343ungoq	107	18	decisions	decision	NNS
work_ijodnynjfzg6pajray343ungoq	107	19	,	,	,
work_ijodnynjfzg6pajray343ungoq	107	20	research	research	NN
work_ijodnynjfzg6pajray343ungoq	107	21	and	and	CC
work_ijodnynjfzg6pajray343ungoq	107	22	development	development	NN
work_ijodnynjfzg6pajray343ungoq	107	23	,	,	,
work_ijodnynjfzg6pajray343ungoq	107	24	licenses	license	NNS
work_ijodnynjfzg6pajray343ungoq	107	25	,	,	,
work_ijodnynjfzg6pajray343ungoq	107	26	patents	patent	NNS
work_ijodnynjfzg6pajray343ungoq	107	27	,	,	,
work_ijodnynjfzg6pajray343ungoq	107	28	growth	growth	NN
work_ijodnynjfzg6pajray343ungoq	107	29	opportunities	opportunity	NNS
work_ijodnynjfzg6pajray343ungoq	107	30	,	,	,
work_ijodnynjfzg6pajray343ungoq	107	31	and	and	CC
work_ijodnynjfzg6pajray343ungoq	107	32	abandonment	abandonment	NN
work_ijodnynjfzg6pajray343ungoq	107	33	scenarios	scenario	NNS
work_ijodnynjfzg6pajray343ungoq	107	34	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	107	35	Miller	Miller	NNP
work_ijodnynjfzg6pajray343ungoq	107	36	&	&	CC
work_ijodnynjfzg6pajray343ungoq	107	37	Bertus	Bertus	NNP
work_ijodnynjfzg6pajray343ungoq	107	38	,	,	,
work_ijodnynjfzg6pajray343ungoq	107	39	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	107	40	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	107	41	.	.	.
work_ijodnynjfzg6pajray343ungoq	108	1	Despite	despite	IN
work_ijodnynjfzg6pajray343ungoq	108	2	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	108	3	theoretical	theoretical	JJ
work_ijodnynjfzg6pajray343ungoq	108	4	appeal	appeal	NN
work_ijodnynjfzg6pajray343ungoq	108	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	108	6	however	however	RB
work_ijodnynjfzg6pajray343ungoq	108	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	108	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	108	9	prac-	prac-	NNP
work_ijodnynjfzg6pajray343ungoq	108	10	tical	tical	JJ
work_ijodnynjfzg6pajray343ungoq	108	11	use	use	NN
work_ijodnynjfzg6pajray343ungoq	108	12	of	of	IN
work_ijodnynjfzg6pajray343ungoq	108	13	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	108	14	option	option	NN
work_ijodnynjfzg6pajray343ungoq	108	15	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	108	16	techniques	technique	NNS
work_ijodnynjfzg6pajray343ungoq	108	17	in	in	IN
work_ijodnynjfzg6pajray343ungoq	108	18	industry	industry	NN
work_ijodnynjfzg6pajray343ungoq	108	19	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	108	20	been	be	VBN
work_ijodnynjfzg6pajray343ungoq	108	21	limited	limit	VBN
work_ijodnynjfzg6pajray343ungoq	108	22	by	by	IN
work_ijodnynjfzg6pajray343ungoq	108	23	the	the	DT
work_ijodnynjfzg6pajray343ungoq	108	24	complexity	complexity	NN
work_ijodnynjfzg6pajray343ungoq	108	25	of	of	IN
work_ijodnynjfzg6pajray343ungoq	108	26	these	these	DT
work_ijodnynjfzg6pajray343ungoq	108	27	techniques	technique	NNS
work_ijodnynjfzg6pajray343ungoq	108	28	,	,	,
work_ijodnynjfzg6pajray343ungoq	108	29	the	the	DT
work_ijodnynjfzg6pajray343ungoq	108	30	resulting	result	VBG
work_ijodnynjfzg6pajray343ungoq	108	31	lack	lack	NN
work_ijodnynjfzg6pajray343ungoq	108	32	of	of	IN
work_ijodnynjfzg6pajray343ungoq	108	33	intuition	intuition	NN
work_ijodnynjfzg6pajray343ungoq	108	34	associated	associate	VBN
work_ijodnynjfzg6pajray343ungoq	108	35	with	with	IN
work_ijodnynjfzg6pajray343ungoq	108	36	the	the	DT
work_ijodnynjfzg6pajray343ungoq	108	37	solution	solution	NN
work_ijodnynjfzg6pajray343ungoq	108	38	process	process	NN
work_ijodnynjfzg6pajray343ungoq	108	39	,	,	,
work_ijodnynjfzg6pajray343ungoq	108	40	or	or	CC
work_ijodnynjfzg6pajray343ungoq	108	41	the	the	DT
work_ijodnynjfzg6pajray343ungoq	108	42	restrictive	restrictive	JJ
work_ijodnynjfzg6pajray343ungoq	108	43	assumptions	assumption	NNS
work_ijodnynjfzg6pajray343ungoq	108	44	required	require	VBN
work_ijodnynjfzg6pajray343ungoq	108	45	for	for	IN
work_ijodnynjfzg6pajray343ungoq	108	46	obtaining	obtain	VBG
work_ijodnynjfzg6pajray343ungoq	108	47	analytical	analytical	JJ
work_ijodnynjfzg6pajray343ungoq	108	48	solutions	solution	NNS
work_ijodnynjfzg6pajray343ungoq	108	49	.	.	.
work_ijodnynjfzg6pajray343ungoq	109	1	On	on	IN
work_ijodnynjfzg6pajray343ungoq	109	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	109	3	other	other	JJ
work_ijodnynjfzg6pajray343ungoq	109	4	hand	hand	NN
work_ijodnynjfzg6pajray343ungoq	109	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	109	6	Cox	Cox	NNP
work_ijodnynjfzg6pajray343ungoq	109	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	109	8	Ross	Ross	NNP
work_ijodnynjfzg6pajray343ungoq	109	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	109	10	and	and	CC
work_ijodnynjfzg6pajray343ungoq	109	11	Rubinstein	Rubinstein	NNP
work_ijodnynjfzg6pajray343ungoq	109	12	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	109	13	1979	1979	CD
work_ijodnynjfzg6pajray343ungoq	109	14	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	109	15	developed	develop	VBD
work_ijodnynjfzg6pajray343ungoq	109	16	a	a	DT
work_ijodnynjfzg6pajray343ungoq	109	17	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	109	18	discrete	discrete	JJ
work_ijodnynjfzg6pajray343ungoq	109	19	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	109	20	time	time	NN
work_ijodnynjfzg6pajray343ungoq	109	21	option	option	NN
work_ijodnynjfzg6pajray343ungoq	109	22	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	109	23	technique	technique	NN
work_ijodnynjfzg6pajray343ungoq	109	24	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	109	25	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	109	26	gained	gain	VBN
work_ijodnynjfzg6pajray343ungoq	109	27	similar	similar	JJ
work_ijodnynjfzg6pajray343ungoq	109	28	popularity	popularity	NN
work_ijodnynjfzg6pajray343ungoq	109	29	to	to	TO
work_ijodnynjfzg6pajray343ungoq	109	30	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	109	31	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	109	32	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	109	33	due	due	JJ
work_ijodnynjfzg6pajray343ungoq	109	34	to	to	IN
work_ijodnynjfzg6pajray343ungoq	109	35	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	109	36	intuitive	intuitive	JJ
work_ijodnynjfzg6pajray343ungoq	109	37	nature	nature	NN
work_ijodnynjfzg6pajray343ungoq	109	38	,	,	,
work_ijodnynjfzg6pajray343ungoq	109	39	ease	ease	NN
work_ijodnynjfzg6pajray343ungoq	109	40	of	of	IN
work_ijodnynjfzg6pajray343ungoq	109	41	implementation	implementation	NN
work_ijodnynjfzg6pajray343ungoq	109	42	,	,	,
work_ijodnynjfzg6pajray343ungoq	109	43	and	and	CC
work_ijodnynjfzg6pajray343ungoq	109	44	wide	wide	JJ
work_ijodnynjfzg6pajray343ungoq	109	45	applicability	applicability	NN
work_ijodnynjfzg6pajray343ungoq	109	46	to	to	IN
work_ijodnynjfzg6pajray343ungoq	109	47	variety	variety	NN
work_ijodnynjfzg6pajray343ungoq	109	48	of	of	IN
work_ijodnynjfzg6pajray343ungoq	109	49	option	option	NN
work_ijodnynjfzg6pajray343ungoq	109	50	attributes	attribute	NNS
work_ijodnynjfzg6pajray343ungoq	109	51	.	.	.
work_ijodnynjfzg6pajray343ungoq	110	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	110	2	addition	addition	NN
work_ijodnynjfzg6pajray343ungoq	110	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	110	4	analytical	analytical	JJ
work_ijodnynjfzg6pajray343ungoq	110	5	models	model	NNS
work_ijodnynjfzg6pajray343ungoq	110	6	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	110	7	as	as	IN
work_ijodnynjfzg6pajray343ungoq	110	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	110	9	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	110	10	–	–	:
work_ijodnynjfzg6pajray343ungoq	110	11	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	110	12	formula	formula	NN
work_ijodnynjfzg6pajray343ungoq	110	13	focus	focus	NN
work_ijodnynjfzg6pajray343ungoq	110	14	on	on	IN
work_ijodnynjfzg6pajray343ungoq	110	15	a	a	DT
work_ijodnynjfzg6pajray343ungoq	110	16	single	single	JJ
work_ijodnynjfzg6pajray343ungoq	110	17	option	option	NN
work_ijodnynjfzg6pajray343ungoq	110	18	and	and	CC
work_ijodnynjfzg6pajray343ungoq	110	19	can	can	MD
work_ijodnynjfzg6pajray343ungoq	110	20	not	not	RB
work_ijodnynjfzg6pajray343ungoq	110	21	deal	deal	VB
work_ijodnynjfzg6pajray343ungoq	110	22	with	with	IN
work_ijodnynjfzg6pajray343ungoq	110	23	multi	multi	JJ
work_ijodnynjfzg6pajray343ungoq	110	24	-	-	JJ
work_ijodnynjfzg6pajray343ungoq	110	25	option	option	JJ
work_ijodnynjfzg6pajray343ungoq	110	26	situations	situation	NNS
work_ijodnynjfzg6pajray343ungoq	110	27	.	.	.
work_ijodnynjfzg6pajray343ungoq	111	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	111	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	111	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	111	4	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	111	5	model	model	NN
work_ijodnynjfzg6pajray343ungoq	111	6	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	111	7	adopted	adopt	VBN
work_ijodnynjfzg6pajray343ungoq	111	8	as	as	IN
work_ijodnynjfzg6pajray343ungoq	111	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	111	10	basis	basis	NN
work_ijodnynjfzg6pajray343ungoq	111	11	to	to	TO
work_ijodnynjfzg6pajray343ungoq	111	12	develop	develop	VB
work_ijodnynjfzg6pajray343ungoq	111	13	the	the	DT
work_ijodnynjfzg6pajray343ungoq	111	14	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	111	15	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	111	16	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	111	17	in	in	IN
work_ijodnynjfzg6pajray343ungoq	111	18	this	this	DT
work_ijodnynjfzg6pajray343ungoq	111	19	study	study	NN
work_ijodnynjfzg6pajray343ungoq	111	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	112	1	3	3	LS
work_ijodnynjfzg6pajray343ungoq	112	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	113	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	113	2	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	113	3	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	113	4	3.1	3.1	CD
work_ijodnynjfzg6pajray343ungoq	113	5	.	.	.
work_ijodnynjfzg6pajray343ungoq	114	1	Expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	114	2	net	net	JJ
work_ijodnynjfzg6pajray343ungoq	114	3	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	114	4	value	value	NN
work_ijodnynjfzg6pajray343ungoq	114	5	The	the	DT
work_ijodnynjfzg6pajray343ungoq	114	6	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	114	7	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	114	8	assumes	assume	VBZ
work_ijodnynjfzg6pajray343ungoq	114	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	114	10	fixed	fix	VBN
work_ijodnynjfzg6pajray343ungoq	114	11	scenario	scenario	NN
work_ijodnynjfzg6pajray343ungoq	114	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	114	13	in	in	IN
work_ijodnynjfzg6pajray343ungoq	114	14	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	114	15	a	a	DT
work_ijodnynjfzg6pajray343ungoq	114	16	company	company	NN
work_ijodnynjfzg6pajray343ungoq	114	17	starts	start	VBZ
work_ijodnynjfzg6pajray343ungoq	114	18	and	and	CC
work_ijodnynjfzg6pajray343ungoq	114	19	completes	complete	VBZ
work_ijodnynjfzg6pajray343ungoq	114	20	a	a	DT
work_ijodnynjfzg6pajray343ungoq	114	21	project	project	NN
work_ijodnynjfzg6pajray343ungoq	114	22	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	114	23	then	then	RB
work_ijodnynjfzg6pajray343ungoq	114	24	generates	generate	VBZ
work_ijodnynjfzg6pajray343ungoq	114	25	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	114	26	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	114	27	during	during	IN
work_ijodnynjfzg6pajray343ungoq	114	28	some	some	DT
work_ijodnynjfzg6pajray343ungoq	114	29	expected	expect	VBN
work_ijodnynjfzg6pajray343ungoq	114	30	lifetime	lifetime	NN
work_ijodnynjfzg6pajray343ungoq	114	31	without	without	IN
work_ijodnynjfzg6pajray343ungoq	114	32	any	any	DT
work_ijodnynjfzg6pajray343ungoq	114	33	contingencies	contingency	NNS
work_ijodnynjfzg6pajray343ungoq	114	34	.	.	.
work_ijodnynjfzg6pajray343ungoq	115	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	115	2	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	115	3	anticipates	anticipate	VBZ
work_ijodnynjfzg6pajray343ungoq	115	4	no	no	DT
work_ijodnynjfzg6pajray343ungoq	115	5	contingency	contingency	NN
work_ijodnynjfzg6pajray343ungoq	115	6	for	for	IN
work_ijodnynjfzg6pajray343ungoq	115	7	delaying	delay	VBG
work_ijodnynjfzg6pajray343ungoq	115	8	or	or	CC
work_ijodnynjfzg6pajray343ungoq	115	9	abandoning	abandon	VBG
work_ijodnynjfzg6pajray343ungoq	115	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	115	11	project	project	NN
work_ijodnynjfzg6pajray343ungoq	115	12	if	if	IN
work_ijodnynjfzg6pajray343ungoq	115	13	market	market	NN
work_ijodnynjfzg6pajray343ungoq	115	14	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	115	15	turn	turn	VBP
work_ijodnynjfzg6pajray343ungoq	115	16	sour	sour	JJ
work_ijodnynjfzg6pajray343ungoq	115	17	.	.	.
work_ijodnynjfzg6pajray343ungoq	116	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	116	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	116	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	116	4	assumption	assumption	NN
work_ijodnynjfzg6pajray343ungoq	116	5	about	about	IN
work_ijodnynjfzg6pajray343ungoq	116	6	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	116	7	does	do	VBZ
work_ijodnynjfzg6pajray343ungoq	116	8	not	not	RB
work_ijodnynjfzg6pajray343ungoq	116	9	fit	fit	VB
work_ijodnynjfzg6pajray343ungoq	116	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	116	11	actual	actual	JJ
work_ijodnynjfzg6pajray343ungoq	116	12	situation	situation	NN
work_ijodnynjfzg6pajray343ungoq	116	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	117	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	117	2	reality	reality	NN
work_ijodnynjfzg6pajray343ungoq	117	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	117	4	if	if	IN
work_ijodnynjfzg6pajray343ungoq	117	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	117	6	market	market	NN
work_ijodnynjfzg6pajray343ungoq	117	7	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	117	8	unfa-	unfa-	JJ
work_ijodnynjfzg6pajray343ungoq	117	9	vorable	vorable	NN
work_ijodnynjfzg6pajray343ungoq	117	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	117	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	117	12	project	project	NN
work_ijodnynjfzg6pajray343ungoq	117	13	could	could	MD
work_ijodnynjfzg6pajray343ungoq	117	14	be	be	VB
work_ijodnynjfzg6pajray343ungoq	117	15	postponed	postpone	VBN
work_ijodnynjfzg6pajray343ungoq	117	16	to	to	TO
work_ijodnynjfzg6pajray343ungoq	117	17	undertake	undertake	VB
work_ijodnynjfzg6pajray343ungoq	117	18	until	until	IN
work_ijodnynjfzg6pajray343ungoq	117	19	market	market	NN
work_ijodnynjfzg6pajray343ungoq	117	20	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	117	21	turn	turn	VBP
work_ijodnynjfzg6pajray343ungoq	117	22	better	well	RBR
work_ijodnynjfzg6pajray343ungoq	117	23	;	;	:
work_ijodnynjfzg6pajray343ungoq	117	24	or	or	CC
work_ijodnynjfzg6pajray343ungoq	117	25	,	,	,
work_ijodnynjfzg6pajray343ungoq	117	26	the	the	DT
work_ijodnynjfzg6pajray343ungoq	117	27	project	project	NN
work_ijodnynjfzg6pajray343ungoq	117	28	may	may	MD
work_ijodnynjfzg6pajray343ungoq	117	29	be	be	VB
work_ijodnynjfzg6pajray343ungoq	117	30	abandoned	abandon	VBN
work_ijodnynjfzg6pajray343ungoq	117	31	during	during	IN
work_ijodnynjfzg6pajray343ungoq	117	32	the	the	DT
work_ijodnynjfzg6pajray343ungoq	117	33	operation	operation	NN
work_ijodnynjfzg6pajray343ungoq	117	34	to	to	TO
work_ijodnynjfzg6pajray343ungoq	117	35	reduce	reduce	VB
work_ijodnynjfzg6pajray343ungoq	117	36	losses	loss	NNS
work_ijodnynjfzg6pajray343ungoq	117	37	;	;	:
work_ijodnynjfzg6pajray343ungoq	117	38	or	or	CC
work_ijodnynjfzg6pajray343ungoq	117	39	,	,	,
work_ijodnynjfzg6pajray343ungoq	117	40	the	the	DT
work_ijodnynjfzg6pajray343ungoq	117	41	project	project	NN
work_ijodnynjfzg6pajray343ungoq	117	42	may	may	MD
work_ijodnynjfzg6pajray343ungoq	117	43	be	be	VB
work_ijodnynjfzg6pajray343ungoq	117	44	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	117	45	or	or	CC
work_ijodnynjfzg6pajray343ungoq	117	46	extended	extend	VBN
work_ijodnynjfzg6pajray343ungoq	117	47	as	as	IN
work_ijodnynjfzg6pajray343ungoq	117	48	market	market	NN
work_ijodnynjfzg6pajray343ungoq	117	49	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	117	50	turn	turn	VBP
work_ijodnynjfzg6pajray343ungoq	117	51	around	around	RP
work_ijodnynjfzg6pajray343ungoq	117	52	.	.	.
work_ijodnynjfzg6pajray343ungoq	118	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	118	2	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	118	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	118	4	these	these	DT
work_ijodnynjfzg6pajray343ungoq	118	5	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	118	6	decisions	decision	NNS
work_ijodnynjfzg6pajray343ungoq	118	7	indicate	indicate	VBP
work_ijodnynjfzg6pajray343ungoq	118	8	that	that	IN
work_ijodnynjfzg6pajray343ungoq	118	9	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	118	10	makers	maker	NNS
work_ijodnynjfzg6pajray343ungoq	118	11	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	118	12	capable	capable	JJ
work_ijodnynjfzg6pajray343ungoq	118	13	of	of	IN
work_ijodnynjfzg6pajray343ungoq	118	14	restricting	restrict	VBG
work_ijodnynjfzg6pajray343ungoq	118	15	loss	loss	NN
work_ijodnynjfzg6pajray343ungoq	118	16	risks	risk	NNS
work_ijodnynjfzg6pajray343ungoq	118	17	and	and	CC
work_ijodnynjfzg6pajray343ungoq	118	18	retaining	retain	VBG
work_ijodnynjfzg6pajray343ungoq	118	19	the	the	DT
work_ijodnynjfzg6pajray343ungoq	118	20	potential	potential	NN
work_ijodnynjfzg6pajray343ungoq	118	21	to	to	TO
work_ijodnynjfzg6pajray343ungoq	118	22	raise	raise	VB
work_ijodnynjfzg6pajray343ungoq	118	23	profits	profit	NNS
work_ijodnynjfzg6pajray343ungoq	118	24	infi-	infi-	VBG
work_ijodnynjfzg6pajray343ungoq	118	25	nitely	nitely	RB
work_ijodnynjfzg6pajray343ungoq	118	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	119	1	As	as	IN
work_ijodnynjfzg6pajray343ungoq	119	2	a	a	DT
work_ijodnynjfzg6pajray343ungoq	119	3	result	result	NN
work_ijodnynjfzg6pajray343ungoq	119	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	119	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	119	6	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	119	7	should	should	MD
work_ijodnynjfzg6pajray343ungoq	119	8	include	include	VB
work_ijodnynjfzg6pajray343ungoq	119	9	these	these	DT
work_ijodnynjfzg6pajray343ungoq	119	10	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	119	11	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	119	12	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	119	13	embedded	embed	VBN
work_ijodnynjfzg6pajray343ungoq	119	14	as	as	IN
work_ijodnynjfzg6pajray343ungoq	119	15	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	119	16	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	119	17	in	in	IN
work_ijodnynjfzg6pajray343ungoq	119	18	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	119	19	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	119	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	120	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	120	2	considering	consider	VBG
work_ijodnynjfzg6pajray343ungoq	120	3	option	option	NN
work_ijodnynjfzg6pajray343ungoq	120	4	value	value	NN
work_ijodnynjfzg6pajray343ungoq	120	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	120	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	120	7	traditional	traditional	JJ
work_ijodnynjfzg6pajray343ungoq	120	8	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	120	9	can	can	MD
work_ijodnynjfzg6pajray343ungoq	120	10	be	be	VB
work_ijodnynjfzg6pajray343ungoq	120	11	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	120	12	as	as	IN
work_ijodnynjfzg6pajray343ungoq	120	13	:	:	:
work_ijodnynjfzg6pajray343ungoq	120	14	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	120	15	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	120	16	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	120	17	static	static	JJ
work_ijodnynjfzg6pajray343ungoq	120	18	NPV	npv	NN
work_ijodnynjfzg6pajray343ungoq	120	19	+	+	DT
work_ijodnynjfzg6pajray343ungoq	120	20	value	value	NN
work_ijodnynjfzg6pajray343ungoq	120	21	of	of	IN
work_ijodnynjfzg6pajray343ungoq	120	22	option	option	NN
work_ijodnynjfzg6pajray343ungoq	120	23	from	from	IN
work_ijodnynjfzg6pajray343ungoq	120	24	active	active	JJ
work_ijodnynjfzg6pajray343ungoq	120	25	management	management	NN
work_ijodnynjfzg6pajray343ungoq	120	26	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	120	27	Trigeorgis	Trigeorgis	NNP
work_ijodnynjfzg6pajray343ungoq	120	28	,	,	,
work_ijodnynjfzg6pajray343ungoq	120	29	1993	1993	CD
work_ijodnynjfzg6pajray343ungoq	120	30	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	120	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	121	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	121	2	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	121	3	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	121	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	121	5	also	also	RB
work_ijodnynjfzg6pajray343ungoq	121	6	called	call	VBN
work_ijodnynjfzg6pajray343ungoq	121	7	strategic	strategic	JJ
work_ijodnynjfzg6pajray343ungoq	121	8	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	121	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	122	1	Static	Static	NNP
work_ijodnynjfzg6pajray343ungoq	122	2	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	122	3	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	122	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	122	5	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	122	6	obtained	obtain	VBN
work_ijodnynjfzg6pajray343ungoq	122	7	using	use	VBG
work_ijodnynjfzg6pajray343ungoq	122	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	122	9	tra-	tra-	NN
work_ijodnynjfzg6pajray343ungoq	122	10	ditional	ditional	JJ
work_ijodnynjfzg6pajray343ungoq	122	11	discount	discount	NN
work_ijodnynjfzg6pajray343ungoq	122	12	method	method	NN
work_ijodnynjfzg6pajray343ungoq	122	13	;	;	:
work_ijodnynjfzg6pajray343ungoq	122	14	it	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	122	15	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	122	16	also	also	RB
work_ijodnynjfzg6pajray343ungoq	122	17	called	call	VBN
work_ijodnynjfzg6pajray343ungoq	122	18	passive	passive	JJ
work_ijodnynjfzg6pajray343ungoq	122	19	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	122	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	123	1	3.2	3.2	CD
work_ijodnynjfzg6pajray343ungoq	123	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	124	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	124	2	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	124	3	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	124	4	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	124	5	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	124	6	In	in	IN
work_ijodnynjfzg6pajray343ungoq	124	7	this	this	DT
work_ijodnynjfzg6pajray343ungoq	124	8	study	study	NN
work_ijodnynjfzg6pajray343ungoq	124	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	124	10	a	a	DT
work_ijodnynjfzg6pajray343ungoq	124	11	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	124	12	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	124	13	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	124	14	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	124	15	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	124	16	proposed	propose	VBN
work_ijodnynjfzg6pajray343ungoq	124	17	to	to	TO
work_ijodnynjfzg6pajray343ungoq	124	18	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	124	19	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	124	20	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	124	21	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	124	22	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	124	23	embedded	embed	VBN
work_ijodnynjfzg6pajray343ungoq	124	24	with	with	IN
work_ijodnynjfzg6pajray343ungoq	124	25	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	124	26	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	124	27	.	.	.
work_ijodnynjfzg6pajray343ungoq	125	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	125	2	value	value	NN
work_ijodnynjfzg6pajray343ungoq	125	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	125	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	125	5	project	project	NN
work_ijodnynjfzg6pajray343ungoq	125	6	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	125	7	represented	represent	VBN
work_ijodnynjfzg6pajray343ungoq	125	8	by	by	IN
work_ijodnynjfzg6pajray343ungoq	125	9	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	125	10	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	125	11	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	125	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	125	13	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	125	14	can	can	MD
work_ijodnynjfzg6pajray343ungoq	125	15	be	be	VB
work_ijodnynjfzg6pajray343ungoq	125	16	evaluated	evaluate	VBN
work_ijodnynjfzg6pajray343ungoq	125	17	by	by	IN
work_ijodnynjfzg6pajray343ungoq	125	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	125	19	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	125	20	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	125	21	.	.	.
work_ijodnynjfzg6pajray343ungoq	126	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	126	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	126	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	126	4	parame-	parame-	NN
work_ijodnynjfzg6pajray343ungoq	126	5	ters	ter	NNS
work_ijodnynjfzg6pajray343ungoq	126	6	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	126	7	estimated	estimate	VBN
work_ijodnynjfzg6pajray343ungoq	126	8	by	by	IN
work_ijodnynjfzg6pajray343ungoq	126	9	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	126	10	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	126	11	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	126	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	126	13	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	126	14	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	126	15	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	126	16	estimated	estimate	VBN
work_ijodnynjfzg6pajray343ungoq	126	17	;	;	:
work_ijodnynjfzg6pajray343ungoq	126	18	thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	126	19	,	,	,
work_ijodnynjfzg6pajray343ungoq	126	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	126	21	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	126	22	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	126	23	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	126	24	called	call	VBN
work_ijodnynjfzg6pajray343ungoq	126	25	fuzzy	fuzzy	RB
work_ijodnynjfzg6pajray343ungoq	126	26	expanded	expand	VBN
work_ijodnynjfzg6pajray343ungoq	126	27	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	126	28	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	126	29	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	126	30	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	126	31	in	in	IN
work_ijodnynjfzg6pajray343ungoq	126	32	this	this	DT
work_ijodnynjfzg6pajray343ungoq	126	33	study	study	NN
work_ijodnynjfzg6pajray343ungoq	126	34	.	.	.
work_ijodnynjfzg6pajray343ungoq	127	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	127	2	proposed	propose	VBN
work_ijodnynjfzg6pajray343ungoq	127	3	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	127	4	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	127	5	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	127	6	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	127	7	on	on	IN
work_ijodnynjfzg6pajray343ungoq	127	8	Cox	Cox	NNP
work_ijodnynjfzg6pajray343ungoq	127	9	et	et	NNP
work_ijodnynjfzg6pajray343ungoq	127	10	al	al	NNP
work_ijodnynjfzg6pajray343ungoq	127	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	128	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	128	2	1979	1979	CD
work_ijodnynjfzg6pajray343ungoq	128	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	128	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	129	1	Assuming	assume	VBG
work_ijodnynjfzg6pajray343ungoq	129	2	there	there	EX
work_ijodnynjfzg6pajray343ungoq	129	3	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	129	4	a	a	DT
work_ijodnynjfzg6pajray343ungoq	129	5	call	call	NN
work_ijodnynjfzg6pajray343ungoq	129	6	option	option	NN
work_ijodnynjfzg6pajray343ungoq	129	7	with	with	IN
work_ijodnynjfzg6pajray343ungoq	129	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	129	9	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	129	10	value	value	NN
work_ijodnynjfzg6pajray343ungoq	129	11	of	of	IN
work_ijodnynjfzg6pajray343ungoq	129	12	underly-	underly-	JJ
work_ijodnynjfzg6pajray343ungoq	129	13	ing	ing	NN
work_ijodnynjfzg6pajray343ungoq	129	14	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	129	15	S0	s0	NN
work_ijodnynjfzg6pajray343ungoq	129	16	and	and	CC
work_ijodnynjfzg6pajray343ungoq	129	17	exercising	exercise	VBG
work_ijodnynjfzg6pajray343ungoq	129	18	price	price	NN
work_ijodnynjfzg6pajray343ungoq	129	19	K	k	NN
work_ijodnynjfzg6pajray343ungoq	129	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	129	21	the	the	DT
work_ijodnynjfzg6pajray343ungoq	129	22	value	value	NN
work_ijodnynjfzg6pajray343ungoq	129	23	of	of	IN
work_ijodnynjfzg6pajray343ungoq	129	24	the	the	DT
work_ijodnynjfzg6pajray343ungoq	129	25	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	129	26	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	129	27	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	129	28	Pu	Pu	NNP
work_ijodnynjfzg6pajray343ungoq	129	29	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	129	30	to	to	TO
work_ijodnynjfzg6pajray343ungoq	129	31	rise	rise	VB
work_ijodnynjfzg6pajray343ungoq	129	32	to	to	IN
work_ijodnynjfzg6pajray343ungoq	129	33	uS0	us0	NN
work_ijodnynjfzg6pajray343ungoq	129	34	or	or	CC
work_ijodnynjfzg6pajray343ungoq	129	35	Pd	pd	UH
work_ijodnynjfzg6pajray343ungoq	129	36	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	129	37	to	to	TO
work_ijodnynjfzg6pajray343ungoq	129	38	drop	drop	VB
work_ijodnynjfzg6pajray343ungoq	129	39	to	to	IN
work_ijodnynjfzg6pajray343ungoq	129	40	dS0	ds0	NN
work_ijodnynjfzg6pajray343ungoq	129	41	in	in	IN
work_ijodnynjfzg6pajray343ungoq	129	42	the	the	DT
work_ijodnynjfzg6pajray343ungoq	129	43	next	next	JJ
work_ijodnynjfzg6pajray343ungoq	129	44	period	period	NN
work_ijodnynjfzg6pajray343ungoq	129	45	.	.	.
work_ijodnynjfzg6pajray343ungoq	130	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	130	2	factors	factor	NNS
work_ijodnynjfzg6pajray343ungoq	130	3	u	u	NN
work_ijodnynjfzg6pajray343ungoq	130	4	and	and	CC
work_ijodnynjfzg6pajray343ungoq	130	5	d	d	NNP
work_ijodnynjfzg6pajray343ungoq	130	6	represent	represent	VBP
work_ijodnynjfzg6pajray343ungoq	130	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	130	8	jumping	jumping	NN
work_ijodnynjfzg6pajray343ungoq	130	9	up	up	RP
work_ijodnynjfzg6pajray343ungoq	130	10	and	and	CC
work_ijodnynjfzg6pajray343ungoq	130	11	down	down	IN
work_ijodnynjfzg6pajray343ungoq	130	12	factors	factor	NNS
work_ijodnynjfzg6pajray343ungoq	130	13	of	of	IN
work_ijodnynjfzg6pajray343ungoq	130	14	the	the	DT
work_ijodnynjfzg6pajray343ungoq	130	15	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	130	16	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	130	17	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	130	18	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	130	19	value	value	NN
work_ijodnynjfzg6pajray343ungoq	130	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	130	21	respec-	respec-	VBG
work_ijodnynjfzg6pajray343ungoq	130	22	tively	tively	RB
work_ijodnynjfzg6pajray343ungoq	130	23	.	.	.
work_ijodnynjfzg6pajray343ungoq	131	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	131	2	single	single	JJ
work_ijodnynjfzg6pajray343ungoq	131	3	period	period	NN
work_ijodnynjfzg6pajray343ungoq	131	4	binomial	binomial	NN
work_ijodnynjfzg6pajray343ungoq	131	5	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	131	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	131	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	131	8	underlying	underlie	VBG
work_ijodnynjfzg6pajray343ungoq	131	9	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	131	10	value	value	NN
work_ijodnynjfzg6pajray343ungoq	131	11	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	131	12	shown	show	VBN
work_ijodnynjfzg6pajray343ungoq	131	13	in	in	IN
work_ijodnynjfzg6pajray343ungoq	131	14	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	131	15	.	.	.
work_ijodnynjfzg6pajray343ungoq	132	1	1	1	LS
work_ijodnynjfzg6pajray343ungoq	132	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	133	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	133	2	option	option	NN
work_ijodnynjfzg6pajray343ungoq	133	3	will	will	MD
work_ijodnynjfzg6pajray343ungoq	133	4	be	be	VB
work_ijodnynjfzg6pajray343ungoq	133	5	exercised	exercise	VBN
work_ijodnynjfzg6pajray343ungoq	133	6	at	at	IN
work_ijodnynjfzg6pajray343ungoq	133	7	period	period	NN
work_ijodnynjfzg6pajray343ungoq	133	8	t	t	NNP
work_ijodnynjfzg6pajray343ungoq	133	9	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	133	10	1	1	CD
work_ijodnynjfzg6pajray343ungoq	133	11	if	if	IN
work_ijodnynjfzg6pajray343ungoq	133	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	133	13	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	133	14	value	value	NN
work_ijodnynjfzg6pajray343ungoq	133	15	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	133	16	higher	high	JJR
work_ijodnynjfzg6pajray343ungoq	133	17	than	than	IN
work_ijodnynjfzg6pajray343ungoq	133	18	K	K	NNP
work_ijodnynjfzg6pajray343ungoq	133	19	,	,	,
work_ijodnynjfzg6pajray343ungoq	133	20	and	and	CC
work_ijodnynjfzg6pajray343ungoq	133	21	forgone	forgone	NN
work_ijodnynjfzg6pajray343ungoq	133	22	if	if	IN
work_ijodnynjfzg6pajray343ungoq	133	23	the	the	DT
work_ijodnynjfzg6pajray343ungoq	133	24	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	133	25	value	value	NN
work_ijodnynjfzg6pajray343ungoq	133	26	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	133	27	lower	low	JJR
work_ijodnynjfzg6pajray343ungoq	133	28	than	than	IN
work_ijodnynjfzg6pajray343ungoq	133	29	K.	K.	NNP
work_ijodnynjfzg6pajray343ungoq	133	30	The	the	DT
work_ijodnynjfzg6pajray343ungoq	133	31	dynamics	dynamic	NNS
work_ijodnynjfzg6pajray343ungoq	133	32	of	of	IN
work_ijodnynjfzg6pajray343ungoq	133	33	the	the	DT
work_ijodnynjfzg6pajray343ungoq	133	34	option	option	NN
work_ijodnynjfzg6pajray343ungoq	133	35	value	value	NN
work_ijodnynjfzg6pajray343ungoq	133	36	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	133	37	shown	show	VBN
work_ijodnynjfzg6pajray343ungoq	133	38	in	in	IN
work_ijodnynjfzg6pajray343ungoq	133	39	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	133	40	.	.	.
work_ijodnynjfzg6pajray343ungoq	134	1	2	2	LS
work_ijodnynjfzg6pajray343ungoq	134	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	135	1	If	if	IN
work_ijodnynjfzg6pajray343ungoq	135	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	135	3	option	option	NN
work_ijodnynjfzg6pajray343ungoq	135	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	135	5	sold	sell	VBN
work_ijodnynjfzg6pajray343ungoq	135	6	at	at	IN
work_ijodnynjfzg6pajray343ungoq	135	7	price	price	NN
work_ijodnynjfzg6pajray343ungoq	135	8	C0	c0	NN
work_ijodnynjfzg6pajray343ungoq	135	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	135	10	then	then	RB
work_ijodnynjfzg6pajray343ungoq	135	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	135	12	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	135	13	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	135	14	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	135	15	generally	generally	RB
work_ijodnynjfzg6pajray343ungoq	135	16	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	135	17	on	on	IN
work_ijodnynjfzg6pajray343ungoq	135	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	135	19	assumption	assumption	NN
work_ijodnynjfzg6pajray343ungoq	135	20	of	of	IN
work_ijodnynjfzg6pajray343ungoq	135	21	replicating	replicate	VBG
work_ijodnynjfzg6pajray343ungoq	135	22	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	135	23	and	and	CC
work_ijodnynjfzg6pajray343ungoq	135	24	can	can	MD
work_ijodnynjfzg6pajray343ungoq	135	25	thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	135	26	be	be	VB
work_ijodnynjfzg6pajray343ungoq	135	27	determined	determine	VBN
work_ijodnynjfzg6pajray343ungoq	135	28	by	by	IN
work_ijodnynjfzg6pajray343ungoq	135	29	the	the	DT
work_ijodnynjfzg6pajray343ungoq	135	30	following	follow	VBG
work_ijodnynjfzg6pajray343ungoq	135	31	expression	expression	NN
work_ijodnynjfzg6pajray343ungoq	135	32	C0	C0	NNP
work_ijodnynjfzg6pajray343ungoq	135	33	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	135	34	1	1	CD
work_ijodnynjfzg6pajray343ungoq	135	35	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	135	36	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	135	37	rÞ	rÞ	NNP
work_ijodnynjfzg6pajray343ungoq	135	38	½PuC1u	½puc1u	IN
work_ijodnynjfzg6pajray343ungoq	135	39	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	135	40	Pd	Pd	NNP
work_ijodnynjfzg6pajray343ungoq	135	41	C1d	C1d	NNP
work_ijodnynjfzg6pajray343ungoq	135	42	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	135	43	ð1Þ	ð1Þ	NNP
work_ijodnynjfzg6pajray343ungoq	135	44	in	in	IN
work_ijodnynjfzg6pajray343ungoq	135	45	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	135	46	r	r	NNP
work_ijodnynjfzg6pajray343ungoq	135	47	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	135	48	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	135	49	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	135	50	free	free	JJ
work_ijodnynjfzg6pajray343ungoq	135	51	interest	interest	NN
work_ijodnynjfzg6pajray343ungoq	135	52	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	135	53	,	,	,
work_ijodnynjfzg6pajray343ungoq	135	54	and	and	CC
work_ijodnynjfzg6pajray343ungoq	135	55	Pu	Pu	NNP
work_ijodnynjfzg6pajray343ungoq	135	56	and	and	CC
work_ijodnynjfzg6pajray343ungoq	135	57	Pd	pd	PRP
work_ijodnynjfzg6pajray343ungoq	135	58	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	135	59	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	135	60	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	135	61	neutral	neutral	JJ
work_ijodnynjfzg6pajray343ungoq	135	62	probabilities	probability	NNS
work_ijodnynjfzg6pajray343ungoq	135	63	,	,	,
work_ijodnynjfzg6pajray343ungoq	135	64	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	135	65	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	135	66	determined	determine	VBN
work_ijodnynjfzg6pajray343ungoq	135	67	by	by	IN
work_ijodnynjfzg6pajray343ungoq	135	68	the	the	DT
work_ijodnynjfzg6pajray343ungoq	135	69	following	follow	VBG
work_ijodnynjfzg6pajray343ungoq	135	70	formulas	formula	NNS
work_ijodnynjfzg6pajray343ungoq	135	71	.	.	.
work_ijodnynjfzg6pajray343ungoq	136	1	Pu	Pu	NNP
work_ijodnynjfzg6pajray343ungoq	136	2	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	136	3	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	136	4	þ	þ	DT
work_ijodnynjfzg6pajray343ungoq	136	5	rÞ	rÞ	NNP
work_ijodnynjfzg6pajray343ungoq	136	6	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	136	7	d	d	NNP
work_ijodnynjfzg6pajray343ungoq	136	8	ðu	ðu	NN
work_ijodnynjfzg6pajray343ungoq	136	9	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	136	10	dÞ	dÞ	NNP
work_ijodnynjfzg6pajray343ungoq	136	11	ð2Þ	ð2Þ	NNP
work_ijodnynjfzg6pajray343ungoq	136	12	Pd	Pd	NNP
work_ijodnynjfzg6pajray343ungoq	136	13	¼	¼	NN
work_ijodnynjfzg6pajray343ungoq	136	14	u	u	NNP
work_ijodnynjfzg6pajray343ungoq	136	15	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	136	16	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	136	17	þ	þ	DT
work_ijodnynjfzg6pajray343ungoq	136	18	rÞ	rÞ	NNP
work_ijodnynjfzg6pajray343ungoq	136	19	ðu	ðu	NNP
work_ijodnynjfzg6pajray343ungoq	136	20	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	136	21	dÞ	dÞ	NNP
work_ijodnynjfzg6pajray343ungoq	136	22	¼	¼	RB
work_ijodnynjfzg6pajray343ungoq	136	23	1	1	CD
work_ijodnynjfzg6pajray343ungoq	136	24	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	136	25	Pu	Pu	NNP
work_ijodnynjfzg6pajray343ungoq	136	26	ð3Þ	ð3Þ	NNP
work_ijodnynjfzg6pajray343ungoq	136	27	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	136	28	,	,	,
work_ijodnynjfzg6pajray343ungoq	136	29	the	the	DT
work_ijodnynjfzg6pajray343ungoq	136	30	price	price	NN
work_ijodnynjfzg6pajray343ungoq	136	31	or	or	CC
work_ijodnynjfzg6pajray343ungoq	136	32	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	136	33	value	value	NN
work_ijodnynjfzg6pajray343ungoq	136	34	of	of	IN
work_ijodnynjfzg6pajray343ungoq	136	35	the	the	DT
work_ijodnynjfzg6pajray343ungoq	136	36	call	call	NN
work_ijodnynjfzg6pajray343ungoq	136	37	option	option	NN
work_ijodnynjfzg6pajray343ungoq	136	38	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	136	39	the	the	DT
work_ijodnynjfzg6pajray343ungoq	136	40	discounted	discounted	JJ
work_ijodnynjfzg6pajray343ungoq	136	41	result	result	NN
work_ijodnynjfzg6pajray343ungoq	136	42	of	of	IN
work_ijodnynjfzg6pajray343ungoq	136	43	the	the	DT
work_ijodnynjfzg6pajray343ungoq	136	44	option	option	NN
work_ijodnynjfzg6pajray343ungoq	136	45	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	136	46	C1u	c1u	NN
work_ijodnynjfzg6pajray343ungoq	136	47	and	and	CC
work_ijodnynjfzg6pajray343ungoq	136	48	C1d	c1d	NN
work_ijodnynjfzg6pajray343ungoq	136	49	with	with	IN
work_ijodnynjfzg6pajray343ungoq	136	50	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	136	51	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	136	52	neutral	neutral	JJ
work_ijodnynjfzg6pajray343ungoq	136	53	probabilities	probability	NNS
work_ijodnynjfzg6pajray343ungoq	136	54	.	.	.
work_ijodnynjfzg6pajray343ungoq	137	1	Also	also	RB
work_ijodnynjfzg6pajray343ungoq	137	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	137	3	under	under	IN
work_ijodnynjfzg6pajray343ungoq	137	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	137	5	assumption	assumption	NN
work_ijodnynjfzg6pajray343ungoq	137	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	137	7	no	no	DT
work_ijodnynjfzg6pajray343ungoq	137	8	arbitrage	arbitrage	NN
work_ijodnynjfzg6pajray343ungoq	137	9	opportuni-	opportuni-	NN
work_ijodnynjfzg6pajray343ungoq	137	10	ties	tie	NNS
work_ijodnynjfzg6pajray343ungoq	137	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	137	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	137	13	condition	condition	NN
work_ijodnynjfzg6pajray343ungoq	137	14	0	0	NFP
work_ijodnynjfzg6pajray343ungoq	137	15	<	<	XX
work_ijodnynjfzg6pajray343ungoq	137	16	d	d	NNP
work_ijodnynjfzg6pajray343ungoq	137	17	<	<	XX
work_ijodnynjfzg6pajray343ungoq	137	18	1	1	CD
work_ijodnynjfzg6pajray343ungoq	137	19	<	<	XX
work_ijodnynjfzg6pajray343ungoq	137	20	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	137	21	1	1	CD
work_ijodnynjfzg6pajray343ungoq	137	22	+	+	SYM
work_ijodnynjfzg6pajray343ungoq	137	23	r	r	NN
work_ijodnynjfzg6pajray343ungoq	137	24	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	137	25	<	<	XX
work_ijodnynjfzg6pajray343ungoq	137	26	u	u	NNP
work_ijodnynjfzg6pajray343ungoq	137	27	must	must	MD
work_ijodnynjfzg6pajray343ungoq	137	28	be	be	VB
work_ijodnynjfzg6pajray343ungoq	137	29	satisfied	satisfied	JJ
work_ijodnynjfzg6pajray343ungoq	137	30	.	.	.
work_ijodnynjfzg6pajray343ungoq	138	1	Further-	Further-	NNP
work_ijodnynjfzg6pajray343ungoq	138	2	more	more	RBR
work_ijodnynjfzg6pajray343ungoq	138	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	138	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	138	5	expected	expect	VBN
work_ijodnynjfzg6pajray343ungoq	138	6	return	return	NN
work_ijodnynjfzg6pajray343ungoq	138	7	of	of	IN
work_ijodnynjfzg6pajray343ungoq	138	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	138	9	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	138	10	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	138	11	should	should	MD
work_ijodnynjfzg6pajray343ungoq	138	12	be	be	VB
work_ijodnynjfzg6pajray343ungoq	138	13	zero	zero	CD
work_ijodnynjfzg6pajray343ungoq	138	14	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	138	15	on	on	IN
work_ijodnynjfzg6pajray343ungoq	138	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	138	17	no	no	DT
work_ijodnynjfzg6pajray343ungoq	138	18	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	138	19	arbitrage	arbitrage	NN
work_ijodnynjfzg6pajray343ungoq	138	20	assumption	assumption	NN
work_ijodnynjfzg6pajray343ungoq	138	21	:	:	:
work_ijodnynjfzg6pajray343ungoq	138	22	Pu	Pu	NNP
work_ijodnynjfzg6pajray343ungoq	138	23	uS0	us0	RB
work_ijodnynjfzg6pajray343ungoq	138	24	1	1	CD
work_ijodnynjfzg6pajray343ungoq	138	25	þ	þ	NN
work_ijodnynjfzg6pajray343ungoq	138	26	r	r	NNP
work_ijodnynjfzg6pajray343ungoq	138	27	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	138	28	S0	s0	NN
work_ijodnynjfzg6pajray343ungoq	138	29	�	�	,
work_ijodnynjfzg6pajray343ungoq	138	30	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	138	31	þ	þ	LS
work_ijodnynjfzg6pajray343ungoq	138	32	Pd	Pd	NNP
work_ijodnynjfzg6pajray343ungoq	138	33	dS0	ds0	NN
work_ijodnynjfzg6pajray343ungoq	138	34	1	1	CD
work_ijodnynjfzg6pajray343ungoq	138	35	þ	þ	NN
work_ijodnynjfzg6pajray343ungoq	138	36	r	r	NN
work_ijodnynjfzg6pajray343ungoq	138	37	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	138	38	S0	S0	NNP
work_ijodnynjfzg6pajray343ungoq	138	39	�	�	,
work_ijodnynjfzg6pajray343ungoq	138	40	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	138	41	¼	¼	JJ
work_ijodnynjfzg6pajray343ungoq	138	42	0	0	NFP
work_ijodnynjfzg6pajray343ungoq	138	43	ð4Þ	ð4þ	NN
work_ijodnynjfzg6pajray343ungoq	138	44	That	that	DT
work_ijodnynjfzg6pajray343ungoq	138	45	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	138	46	uPu	uPu	NNP
work_ijodnynjfzg6pajray343ungoq	138	47	1	1	CD
work_ijodnynjfzg6pajray343ungoq	138	48	þ	þ	NN
work_ijodnynjfzg6pajray343ungoq	138	49	r	r	NN
work_ijodnynjfzg6pajray343ungoq	138	50	þ	þ	NN
work_ijodnynjfzg6pajray343ungoq	138	51	dPd	dPd	NNS
work_ijodnynjfzg6pajray343ungoq	138	52	1	1	CD
work_ijodnynjfzg6pajray343ungoq	138	53	þ	þ	NN
work_ijodnynjfzg6pajray343ungoq	138	54	r	r	NN
work_ijodnynjfzg6pajray343ungoq	138	55	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	138	56	1	1	CD
work_ijodnynjfzg6pajray343ungoq	138	57	ð5Þ	ð5Þ	NNP
work_ijodnynjfzg6pajray343ungoq	138	58	Thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	138	59	,	,	,
work_ijodnynjfzg6pajray343ungoq	138	60	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	138	61	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	138	62	the	the	DT
work_ijodnynjfzg6pajray343ungoq	138	63	following	follow	VBG
work_ijodnynjfzg6pajray343ungoq	138	64	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	138	65	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	138	66	neutral	neutral	JJ
work_ijodnynjfzg6pajray343ungoq	138	67	probabilities	probability	NNS
work_ijodnynjfzg6pajray343ungoq	138	68	equations	equation	NNS
work_ijodnynjfzg6pajray343ungoq	138	69	:	:	:
work_ijodnynjfzg6pajray343ungoq	138	70	Pu	Pu	NNP
work_ijodnynjfzg6pajray343ungoq	138	71	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	138	72	Pd	Pd	NNP
work_ijodnynjfzg6pajray343ungoq	138	73	¼	¼	JJ
work_ijodnynjfzg6pajray343ungoq	138	74	1	1	CD
work_ijodnynjfzg6pajray343ungoq	138	75	uPu	upu	JJ
work_ijodnynjfzg6pajray343ungoq	138	76	1þr	1þr	JJ
work_ijodnynjfzg6pajray343ungoq	138	77	þ	þ	DT
work_ijodnynjfzg6pajray343ungoq	138	78	dPd	dPd	VBZ
work_ijodnynjfzg6pajray343ungoq	138	79	1þr	1þr	NN
work_ijodnynjfzg6pajray343ungoq	138	80	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	138	81	1	1	CD
work_ijodnynjfzg6pajray343ungoq	138	82	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	138	83	ð6Þ	ð6þ	NN
work_ijodnynjfzg6pajray343ungoq	138	84	From	from	IN
work_ijodnynjfzg6pajray343ungoq	138	85	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	138	86	1)–(3	1)–(3	NN
work_ijodnynjfzg6pajray343ungoq	138	87	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	138	88	,	,	,
work_ijodnynjfzg6pajray343ungoq	138	89	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	138	90	know	know	VBP
work_ijodnynjfzg6pajray343ungoq	138	91	that	that	IN
work_ijodnynjfzg6pajray343ungoq	138	92	the	the	DT
work_ijodnynjfzg6pajray343ungoq	138	93	main	main	JJ
work_ijodnynjfzg6pajray343ungoq	138	94	factors	factor	NNS
work_ijodnynjfzg6pajray343ungoq	138	95	affecting	affect	VBG
work_ijodnynjfzg6pajray343ungoq	138	96	the	the	DT
work_ijodnynjfzg6pajray343ungoq	138	97	call	call	NN
work_ijodnynjfzg6pajray343ungoq	138	98	option	option	NN
work_ijodnynjfzg6pajray343ungoq	138	99	value	value	NN
work_ijodnynjfzg6pajray343ungoq	138	100	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	138	101	jumping	jump	VBG
work_ijodnynjfzg6pajray343ungoq	138	102	factors	factor	NNS
work_ijodnynjfzg6pajray343ungoq	138	103	u	u	NN
work_ijodnynjfzg6pajray343ungoq	138	104	and	and	CC
work_ijodnynjfzg6pajray343ungoq	138	105	d	d	NNP
work_ijodnynjfzg6pajray343ungoq	138	106	;	;	:
work_ijodnynjfzg6pajray343ungoq	138	107	it	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	138	108	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	138	109	not	not	RB
work_ijodnynjfzg6pajray343ungoq	138	110	easy	easy	JJ
work_ijodnynjfzg6pajray343ungoq	138	111	,	,	,
work_ijodnynjfzg6pajray343ungoq	138	112	however	however	RB
work_ijodnynjfzg6pajray343ungoq	138	113	,	,	,
work_ijodnynjfzg6pajray343ungoq	138	114	to	to	TO
work_ijodnynjfzg6pajray343ungoq	138	115	estimate	estimate	VB
work_ijodnynjfzg6pajray343ungoq	138	116	their	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	138	117	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	138	118	in	in	IN
work_ijodnynjfzg6pajray343ungoq	138	119	a	a	DT
work_ijodnynjfzg6pajray343ungoq	138	120	precise	precise	JJ
work_ijodnynjfzg6pajray343ungoq	138	121	manner	manner	NN
work_ijodnynjfzg6pajray343ungoq	138	122	due	due	IN
work_ijodnynjfzg6pajray343ungoq	138	123	to	to	IN
work_ijodnynjfzg6pajray343ungoq	138	124	the	the	DT
work_ijodnynjfzg6pajray343ungoq	138	125	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	138	126	of	of	IN
work_ijodnynjfzg6pajray343ungoq	138	127	the	the	DT
work_ijodnynjfzg6pajray343ungoq	138	128	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	138	129	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	138	130	.	.	.
work_ijodnynjfzg6pajray343ungoq	139	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	139	2	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	139	3	flow	flow	NN
work_ijodnynjfzg6pajray343ungoq	139	4	models	model	NNS
work_ijodnynjfzg6pajray343ungoq	139	5	applied	apply	VBN
work_ijodnynjfzg6pajray343ungoq	139	6	to	to	IN
work_ijodnynjfzg6pajray343ungoq	139	7	many	many	JJ
work_ijodnynjfzg6pajray343ungoq	139	8	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	139	9	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	139	10	mak-	mak-	NN
work_ijodnynjfzg6pajray343ungoq	139	11	ing	ing	NN
work_ijodnynjfzg6pajray343ungoq	139	12	problems	problem	NNS
work_ijodnynjfzg6pajray343ungoq	139	13	often	often	RB
work_ijodnynjfzg6pajray343ungoq	139	14	involve	involve	VBP
work_ijodnynjfzg6pajray343ungoq	139	15	some	some	DT
work_ijodnynjfzg6pajray343ungoq	139	16	degree	degree	NN
work_ijodnynjfzg6pajray343ungoq	139	17	of	of	IN
work_ijodnynjfzg6pajray343ungoq	139	18	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	139	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	140	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	140	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	140	3	case	case	NN
work_ijodnynjfzg6pajray343ungoq	140	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	140	5	deficient	deficient	JJ
work_ijodnynjfzg6pajray343ungoq	140	6	data	datum	NNS
work_ijodnynjfzg6pajray343ungoq	140	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	140	8	most	most	JJS
work_ijodnynjfzg6pajray343ungoq	140	9	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	140	10	makers	maker	NNS
work_ijodnynjfzg6pajray343ungoq	140	11	tend	tend	VBP
work_ijodnynjfzg6pajray343ungoq	140	12	to	to	TO
work_ijodnynjfzg6pajray343ungoq	140	13	rely	rely	VB
work_ijodnynjfzg6pajray343ungoq	140	14	on	on	IN
work_ijodnynjfzg6pajray343ungoq	140	15	experts	expert	NNS
work_ijodnynjfzg6pajray343ungoq	140	16	’	'	''
work_ijodnynjfzg6pajray343ungoq	140	17	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	140	18	.	.	.
work_ijodnynjfzg6pajray343ungoq	141	1	3	3	LS
work_ijodnynjfzg6pajray343ungoq	141	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	142	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	142	2	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	142	3	with	with	IN
work_ijodnynjfzg6pajray343ungoq	142	4	right	right	JJ
work_ijodnynjfzg6pajray343ungoq	142	5	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	142	6	skewed	skewed	JJ
work_ijodnynjfzg6pajray343ungoq	142	7	distribution	distribution	NN
work_ijodnynjfzg6pajray343ungoq	142	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	143	1	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	143	2	Ho	Ho	NNP
work_ijodnynjfzg6pajray343ungoq	143	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	143	4	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	143	5	Liao	Liao	NNP
work_ijodnynjfzg6pajray343ungoq	143	6	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	143	7	Expert	Expert	NNP
work_ijodnynjfzg6pajray343ungoq	143	8	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	143	9	with	with	IN
work_ijodnynjfzg6pajray343ungoq	143	10	Applications	Applications	NNP
work_ijodnynjfzg6pajray343ungoq	143	11	38	38	CD
work_ijodnynjfzg6pajray343ungoq	143	12	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	143	13	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	143	14	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	143	15	15296–15302	15296–15302	CD
work_ijodnynjfzg6pajray343ungoq	143	16	15299	15299	CD
work_ijodnynjfzg6pajray343ungoq	143	17	knowledge	knowledge	NN
work_ijodnynjfzg6pajray343ungoq	143	18	of	of	IN
work_ijodnynjfzg6pajray343ungoq	143	19	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	143	20	information	information	NN
work_ijodnynjfzg6pajray343ungoq	143	21	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	143	22	carrying	carry	VBG
work_ijodnynjfzg6pajray343ungoq	143	23	out	out	RP
work_ijodnynjfzg6pajray343ungoq	143	24	their	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	143	25	finan-	finan-	JJ
work_ijodnynjfzg6pajray343ungoq	143	26	cial	cial	JJ
work_ijodnynjfzg6pajray343ungoq	143	27	modeling	modeling	NN
work_ijodnynjfzg6pajray343ungoq	143	28	activities	activity	NNS
work_ijodnynjfzg6pajray343ungoq	143	29	.	.	.
work_ijodnynjfzg6pajray343ungoq	144	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	144	2	nature	nature	NN
work_ijodnynjfzg6pajray343ungoq	144	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	144	4	this	this	DT
work_ijodnynjfzg6pajray343ungoq	144	5	knowledge	knowledge	NN
work_ijodnynjfzg6pajray343ungoq	144	6	often	often	RB
work_ijodnynjfzg6pajray343ungoq	144	7	tends	tend	VBZ
work_ijodnynjfzg6pajray343ungoq	144	8	to	to	TO
work_ijodnynjfzg6pajray343ungoq	144	9	be	be	VB
work_ijodnynjfzg6pajray343ungoq	144	10	vague	vague	JJ
work_ijodnynjfzg6pajray343ungoq	144	11	rather	rather	RB
work_ijodnynjfzg6pajray343ungoq	144	12	than	than	IN
work_ijodnynjfzg6pajray343ungoq	144	13	random	random	JJ
work_ijodnynjfzg6pajray343ungoq	144	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	145	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	145	2	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	145	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	145	4	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	145	5	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	145	6	aimed	aim	VBN
work_ijodnynjfzg6pajray343ungoq	145	7	at	at	IN
work_ijodnynjfzg6pajray343ungoq	145	8	rationalizing	rationalize	VBG
work_ijodnynjfzg6pajray343ungoq	145	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	145	10	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	145	11	caused	cause	VBN
work_ijodnynjfzg6pajray343ungoq	145	12	by	by	IN
work_ijodnynjfzg6pajray343ungoq	145	13	vagueness	vagueness	NN
work_ijodnynjfzg6pajray343ungoq	145	14	or	or	CC
work_ijodnynjfzg6pajray343ungoq	145	15	imprecision	imprecision	NN
work_ijodnynjfzg6pajray343ungoq	145	16	,	,	,
work_ijodnynjfzg6pajray343ungoq	145	17	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	145	18	provided	provide	VBN
work_ijodnynjfzg6pajray343ungoq	145	19	a	a	DT
work_ijodnynjfzg6pajray343ungoq	145	20	promising	promising	JJ
work_ijodnynjfzg6pajray343ungoq	145	21	basis	basis	NN
work_ijodnynjfzg6pajray343ungoq	145	22	for	for	IN
work_ijodnynjfzg6pajray343ungoq	145	23	manipulating	manipulate	VBG
work_ijodnynjfzg6pajray343ungoq	145	24	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	145	25	vague	vague	JJ
work_ijodnynjfzg6pajray343ungoq	145	26	knowledge	knowledge	NN
work_ijodnynjfzg6pajray343ungoq	145	27	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	145	28	Sheen	Sheen	NNP
work_ijodnynjfzg6pajray343ungoq	145	29	,	,	,
work_ijodnynjfzg6pajray343ungoq	145	30	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	145	31	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	145	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	146	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	146	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	146	3	relevant	relevant	JJ
work_ijodnynjfzg6pajray343ungoq	146	4	application	application	NN
work_ijodnynjfzg6pajray343ungoq	146	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	146	6	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	146	7	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	146	8	making	making	NN
work_ijodnynjfzg6pajray343ungoq	146	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	146	10	there	there	EX
work_ijodnynjfzg6pajray343ungoq	146	11	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	146	12	an	an	DT
work_ijodnynjfzg6pajray343ungoq	146	13	example	example	NN
work_ijodnynjfzg6pajray343ungoq	146	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	146	15	employing	employ	VBG
work_ijodnynjfzg6pajray343ungoq	146	16	triangular	triangular	JJ
work_ijodnynjfzg6pajray343ungoq	146	17	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	146	18	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	146	19	to	to	TO
work_ijodnynjfzg6pajray343ungoq	146	20	examine	examine	VB
work_ijodnynjfzg6pajray343ungoq	146	21	the	the	DT
work_ijodnynjfzg6pajray343ungoq	146	22	profitability	profitability	NN
work_ijodnynjfzg6pajray343ungoq	146	23	indexes	index	NNS
work_ijodnynjfzg6pajray343ungoq	146	24	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	146	25	Chiu	Chiu	NNP
work_ijodnynjfzg6pajray343ungoq	146	26	&	&	CC
work_ijodnynjfzg6pajray343ungoq	146	27	Park	Park	NNP
work_ijodnynjfzg6pajray343ungoq	146	28	,	,	,
work_ijodnynjfzg6pajray343ungoq	146	29	1994	1994	CD
work_ijodnynjfzg6pajray343ungoq	146	30	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	146	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	147	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	147	2	strategic	strategic	JJ
work_ijodnynjfzg6pajray343ungoq	147	3	or	or	CC
work_ijodnynjfzg6pajray343ungoq	147	4	innovative	innovative	JJ
work_ijodnynjfzg6pajray343ungoq	147	5	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	147	6	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	147	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	147	8	information	information	NN
work_ijodnynjfzg6pajray343ungoq	147	9	often	often	RB
work_ijodnynjfzg6pajray343ungoq	147	10	tends	tend	VBZ
work_ijodnynjfzg6pajray343ungoq	147	11	to	to	TO
work_ijodnynjfzg6pajray343ungoq	147	12	be	be	VB
work_ijodnynjfzg6pajray343ungoq	147	13	vague	vague	JJ
work_ijodnynjfzg6pajray343ungoq	147	14	rather	rather	RB
work_ijodnynjfzg6pajray343ungoq	147	15	than	than	IN
work_ijodnynjfzg6pajray343ungoq	147	16	random	random	JJ
work_ijodnynjfzg6pajray343ungoq	147	17	.	.	.
work_ijodnynjfzg6pajray343ungoq	148	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	148	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	148	3	this	this	DT
work_ijodnynjfzg6pajray343ungoq	148	4	study	study	NN
work_ijodnynjfzg6pajray343ungoq	148	5	considers	consider	VBZ
work_ijodnynjfzg6pajray343ungoq	148	6	possibilistic	possibilistic	JJ
work_ijodnynjfzg6pajray343ungoq	148	7	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	148	8	rather	rather	RB
work_ijodnynjfzg6pajray343ungoq	148	9	than	than	IN
work_ijodnynjfzg6pajray343ungoq	148	10	probabilistic	probabilistic	JJ
work_ijodnynjfzg6pajray343ungoq	148	11	uncer-	uncer-	JJ
work_ijodnynjfzg6pajray343ungoq	148	12	tainty	tainty	NN
work_ijodnynjfzg6pajray343ungoq	148	13	and	and	CC
work_ijodnynjfzg6pajray343ungoq	148	14	employs	employ	VBZ
work_ijodnynjfzg6pajray343ungoq	148	15	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	148	16	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	148	17	instead	instead	RB
work_ijodnynjfzg6pajray343ungoq	148	18	of	of	IN
work_ijodnynjfzg6pajray343ungoq	148	19	statistics	statistic	NNS
work_ijodnynjfzg6pajray343ungoq	148	20	to	to	TO
work_ijodnynjfzg6pajray343ungoq	148	21	estimate	estimate	VB
work_ijodnynjfzg6pajray343ungoq	148	22	the	the	DT
work_ijodnynjfzg6pajray343ungoq	148	23	parameters	parameter	NNS
work_ijodnynjfzg6pajray343ungoq	148	24	.	.	.
work_ijodnynjfzg6pajray343ungoq	149	1	For	for	IN
work_ijodnynjfzg6pajray343ungoq	149	2	lightening	lighten	VBG
work_ijodnynjfzg6pajray343ungoq	149	3	computation	computation	NN
work_ijodnynjfzg6pajray343ungoq	149	4	efforts	effort	NNS
work_ijodnynjfzg6pajray343ungoq	149	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	149	6	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	149	7	utilize	utilize	VBP
work_ijodnynjfzg6pajray343ungoq	149	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	149	9	triangular	triangular	JJ
work_ijodnynjfzg6pajray343ungoq	149	10	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	149	11	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	149	12	~u	~u	NNP
work_ijodnynjfzg6pajray343ungoq	149	13	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	149	14	u1	u1	NNP
work_ijodnynjfzg6pajray343ungoq	149	15	;	;	:
work_ijodnynjfzg6pajray343ungoq	149	16	u2	u2	NNP
work_ijodnynjfzg6pajray343ungoq	149	17	;	;	:
work_ijodnynjfzg6pajray343ungoq	149	18	u3½	u3½	NNP
work_ijodnynjfzg6pajray343ungoq	149	19	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	149	20	and	and	CC
work_ijodnynjfzg6pajray343ungoq	149	21	~d	~d	NNP
work_ijodnynjfzg6pajray343ungoq	149	22	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	149	23	d1	d1	NNP
work_ijodnynjfzg6pajray343ungoq	149	24	;	;	:
work_ijodnynjfzg6pajray343ungoq	149	25	d2	d2	NN
work_ijodnynjfzg6pajray343ungoq	149	26	;	;	:
work_ijodnynjfzg6pajray343ungoq	149	27	d3½	d3½	ADD
work_ijodnynjfzg6pajray343ungoq	149	28	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	149	29	to	to	IN
work_ijodnynjfzg6pajray343ungoq	149	30	rep-	rep-	NN
work_ijodnynjfzg6pajray343ungoq	149	31	resent	resent	VB
work_ijodnynjfzg6pajray343ungoq	149	32	the	the	DT
work_ijodnynjfzg6pajray343ungoq	149	33	jumping	jumping	NN
work_ijodnynjfzg6pajray343ungoq	149	34	factors	factor	NNS
work_ijodnynjfzg6pajray343ungoq	149	35	of	of	IN
work_ijodnynjfzg6pajray343ungoq	149	36	the	the	DT
work_ijodnynjfzg6pajray343ungoq	149	37	underlying	underlie	VBG
work_ijodnynjfzg6pajray343ungoq	149	38	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	149	39	.	.	.
work_ijodnynjfzg6pajray343ungoq	150	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	150	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	150	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	150	4	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	150	5	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	150	6	neutral	neutral	JJ
work_ijodnynjfzg6pajray343ungoq	150	7	probabilities	probability	NNS
work_ijodnynjfzg6pajray343ungoq	150	8	equations	equation	NNS
work_ijodnynjfzg6pajray343ungoq	150	9	can	can	MD
work_ijodnynjfzg6pajray343ungoq	150	10	be	be	VB
work_ijodnynjfzg6pajray343ungoq	150	11	rewritten	rewrite	VBN
work_ijodnynjfzg6pajray343ungoq	150	12	as	as	IN
work_ijodnynjfzg6pajray343ungoq	150	13	~Pu	~Pu	NFP
work_ijodnynjfzg6pajray343ungoq	150	14	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	150	15	~Pd	~Pd	NFP
work_ijodnynjfzg6pajray343ungoq	150	16	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	150	17	~1	~1	CD
work_ijodnynjfzg6pajray343ungoq	150	18	~u	~u	UH
work_ijodnynjfzg6pajray343ungoq	150	19	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	150	20	~Pu	~Pu	NFP
work_ijodnynjfzg6pajray343ungoq	150	21	1þr	1þr	NN
work_ijodnynjfzg6pajray343ungoq	150	22	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	150	23	~d	~d	.
work_ijodnynjfzg6pajray343ungoq	150	24	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	150	25	~Pd	~Pd	NFP
work_ijodnynjfzg6pajray343ungoq	150	26	1þr	1þr	JJ
work_ijodnynjfzg6pajray343ungoq	150	27	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	150	28	~1	~1	.
work_ijodnynjfzg6pajray343ungoq	150	29	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	150	30	ð7Þ	ð7Þ	NNP
work_ijodnynjfzg6pajray343ungoq	150	31	where	where	WRB
work_ijodnynjfzg6pajray343ungoq	150	32	fPu	fpu	NN
work_ijodnynjfzg6pajray343ungoq	150	33	¼	¼	JJ
work_ijodnynjfzg6pajray343ungoq	150	34	Pu1	pu1	NN
work_ijodnynjfzg6pajray343ungoq	150	35	;	;	:
work_ijodnynjfzg6pajray343ungoq	150	36	Pu2	pu2	NN
work_ijodnynjfzg6pajray343ungoq	150	37	;	;	:
work_ijodnynjfzg6pajray343ungoq	150	38	Pu3	pu3	PRP$
work_ijodnynjfzg6pajray343ungoq	150	39	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	150	40	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	150	41	and	and	CC
work_ijodnynjfzg6pajray343ungoq	150	42	~Pd	~Pd	NNP
work_ijodnynjfzg6pajray343ungoq	150	43	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	150	44	Pd1	Pd1	NNP
work_ijodnynjfzg6pajray343ungoq	150	45	;	;	:
work_ijodnynjfzg6pajray343ungoq	150	46	Pd2	pd2	NN
work_ijodnynjfzg6pajray343ungoq	150	47	;	;	:
work_ijodnynjfzg6pajray343ungoq	150	48	Pd3	Pd3	NNS
work_ijodnynjfzg6pajray343ungoq	150	49	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	150	50	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	150	51	.	.	.
work_ijodnynjfzg6pajray343ungoq	151	1	Thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	151	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	151	3	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	151	4	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	151	5	Pu1	pu1	CD
work_ijodnynjfzg6pajray343ungoq	151	6	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	7	Pu2	pu2	NN
work_ijodnynjfzg6pajray343ungoq	151	8	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	9	Pu3	pu3	PRP$
work_ijodnynjfzg6pajray343ungoq	151	10	�	�	JJ
work_ijodnynjfzg6pajray343ungoq	151	11	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	12	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	13	Pd1	pd1	NN
work_ijodnynjfzg6pajray343ungoq	151	14	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	15	Pd2	pd2	NN
work_ijodnynjfzg6pajray343ungoq	151	16	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	17	Pd3	Pd3	NNS
work_ijodnynjfzg6pajray343ungoq	151	18	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	19	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	20	¼	¼	JJ
work_ijodnynjfzg6pajray343ungoq	151	21	½1	½1	FW
work_ijodnynjfzg6pajray343ungoq	151	22	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	23	1	1	CD
work_ijodnynjfzg6pajray343ungoq	151	24	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	25	1	1	CD
work_ijodnynjfzg6pajray343ungoq	151	26	�	�	JJ
work_ijodnynjfzg6pajray343ungoq	151	27	u1;u2;u3½	u1;u2;u3½	NNP
work_ijodnynjfzg6pajray343ungoq	151	28	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	151	29	�	�	NN
work_ijodnynjfzg6pajray343ungoq	151	30	Pu1	pu1	NN
work_ijodnynjfzg6pajray343ungoq	151	31	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	32	Pu2	pu2	NN
work_ijodnynjfzg6pajray343ungoq	151	33	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	34	Pu3½	Pu3½	NNP
work_ijodnynjfzg6pajray343ungoq	151	35	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	36	u	u	DT
work_ijodnynjfzg6pajray343ungoq	151	37	1þr	1þr	NN
work_ijodnynjfzg6pajray343ungoq	151	38	�	�	,
work_ijodnynjfzg6pajray343ungoq	151	39	d1;d2;d3½	d1;d2;d3½	NNP
work_ijodnynjfzg6pajray343ungoq	151	40	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	41	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	42	Pd1	pd1	NN
work_ijodnynjfzg6pajray343ungoq	151	43	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	44	Pd2	pd2	NN
work_ijodnynjfzg6pajray343ungoq	151	45	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	46	Pd3½	Pd3½	NNP
work_ijodnynjfzg6pajray343ungoq	151	47	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	48	1þr	1þr	NN
work_ijodnynjfzg6pajray343ungoq	151	49	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	151	50	½1	½1	NNP
work_ijodnynjfzg6pajray343ungoq	151	51	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	52	1	1	CD
work_ijodnynjfzg6pajray343ungoq	151	53	;	;	SYM
work_ijodnynjfzg6pajray343ungoq	151	54	1	1	CD
work_ijodnynjfzg6pajray343ungoq	151	55	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	56	8	8	CD
work_ijodnynjfzg6pajray343ungoq	151	57	<	<	XX
work_ijodnynjfzg6pajray343ungoq	151	58	:	:	:
work_ijodnynjfzg6pajray343ungoq	151	59	ð8Þ	ð8þ	NN
work_ijodnynjfzg6pajray343ungoq	151	60	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	151	61	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	151	62	Pui	Pui	NNP
work_ijodnynjfzg6pajray343ungoq	151	63	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	151	64	Pdi	Pdi	NNP
work_ijodnynjfzg6pajray343ungoq	151	65	¼	¼	NN
work_ijodnynjfzg6pajray343ungoq	151	66	1	1	CD
work_ijodnynjfzg6pajray343ungoq	151	67	ui	ui	NNP
work_ijodnynjfzg6pajray343ungoq	151	68	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	69	Pui	Pui	NNP
work_ijodnynjfzg6pajray343ungoq	151	70	1þr	1þr	NN
work_ijodnynjfzg6pajray343ungoq	151	71	þ	þ	NN
work_ijodnynjfzg6pajray343ungoq	151	72	di	di	NN
work_ijodnynjfzg6pajray343ungoq	151	73	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	74	Pdi	Pdi	NNP
work_ijodnynjfzg6pajray343ungoq	151	75	1þr	1þr	NN
work_ijodnynjfzg6pajray343ungoq	151	76	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	151	77	1	1	CD
work_ijodnynjfzg6pajray343ungoq	151	78	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	151	79	for	for	IN
work_ijodnynjfzg6pajray343ungoq	151	80	i	i	PRP
work_ijodnynjfzg6pajray343ungoq	151	81	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	151	82	1	1	CD
work_ijodnynjfzg6pajray343ungoq	151	83	;	;	SYM
work_ijodnynjfzg6pajray343ungoq	151	84	2	2	CD
work_ijodnynjfzg6pajray343ungoq	151	85	;	;	:
work_ijodnynjfzg6pajray343ungoq	151	86	3	3	CD
work_ijodnynjfzg6pajray343ungoq	151	87	ð9Þ	ð9Þ	NNS
work_ijodnynjfzg6pajray343ungoq	151	88	It	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	151	89	can	can	MD
work_ijodnynjfzg6pajray343ungoq	151	90	be	be	VB
work_ijodnynjfzg6pajray343ungoq	151	91	solved	solve	VBN
work_ijodnynjfzg6pajray343ungoq	151	92	by	by	IN
work_ijodnynjfzg6pajray343ungoq	151	93	considering	consider	VBG
work_ijodnynjfzg6pajray343ungoq	151	94	the	the	DT
work_ijodnynjfzg6pajray343ungoq	151	95	following	follow	VBG
work_ijodnynjfzg6pajray343ungoq	151	96	relationship	relationship	NN
work_ijodnynjfzg6pajray343ungoq	151	97	Pui	Pui	NNP
work_ijodnynjfzg6pajray343ungoq	151	98	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	151	99	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	151	100	þ	þ	DT
work_ijodnynjfzg6pajray343ungoq	151	101	rÞ	rÞ	NNP
work_ijodnynjfzg6pajray343ungoq	151	102	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	103	di	di	FW
work_ijodnynjfzg6pajray343ungoq	151	104	ui	ui	IN
work_ijodnynjfzg6pajray343ungoq	151	105	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	106	di	di	NNP
work_ijodnynjfzg6pajray343ungoq	151	107	ð10Þ	ð10þ	CD
work_ijodnynjfzg6pajray343ungoq	151	108	Pdi	Pdi	NNP
work_ijodnynjfzg6pajray343ungoq	151	109	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	151	110	ui	ui	NNP
work_ijodnynjfzg6pajray343ungoq	151	111	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	112	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	151	113	þ	þ	DT
work_ijodnynjfzg6pajray343ungoq	151	114	rÞ	rÞ	NNP
work_ijodnynjfzg6pajray343ungoq	151	115	ui	ui	IN
work_ijodnynjfzg6pajray343ungoq	151	116	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	151	117	di	di	NNP
work_ijodnynjfzg6pajray343ungoq	151	118	ð11Þ	ð11Þ	NNP
work_ijodnynjfzg6pajray343ungoq	151	119	Since	since	IN
work_ijodnynjfzg6pajray343ungoq	151	120	the	the	DT
work_ijodnynjfzg6pajray343ungoq	151	121	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	151	122	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	151	123	free	free	JJ
work_ijodnynjfzg6pajray343ungoq	151	124	interest	interest	NN
work_ijodnynjfzg6pajray343ungoq	151	125	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	151	126	r	r	NN
work_ijodnynjfzg6pajray343ungoq	151	127	and	and	CC
work_ijodnynjfzg6pajray343ungoq	151	128	the	the	DT
work_ijodnynjfzg6pajray343ungoq	151	129	exercising	exercise	VBG
work_ijodnynjfzg6pajray343ungoq	151	130	price	price	NN
work_ijodnynjfzg6pajray343ungoq	151	131	K	K	NNP
work_ijodnynjfzg6pajray343ungoq	151	132	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	151	133	usually	usually	RB
work_ijodnynjfzg6pajray343ungoq	151	134	known	know	VBN
work_ijodnynjfzg6pajray343ungoq	151	135	,	,	,
work_ijodnynjfzg6pajray343ungoq	151	136	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	151	137	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	151	138	crisp	crisp	JJ
work_ijodnynjfzg6pajray343ungoq	151	139	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	151	140	,	,	,
work_ijodnynjfzg6pajray343ungoq	151	141	whereas	whereas	IN
work_ijodnynjfzg6pajray343ungoq	151	142	,	,	,
work_ijodnynjfzg6pajray343ungoq	151	143	the	the	DT
work_ijodnynjfzg6pajray343ungoq	151	144	option	option	NN
work_ijodnynjfzg6pajray343ungoq	151	145	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	151	146	C1u	c1u	NN
work_ijodnynjfzg6pajray343ungoq	151	147	and	and	CC
work_ijodnynjfzg6pajray343ungoq	151	148	C1d	c1d	NN
work_ijodnynjfzg6pajray343ungoq	151	149	become	become	VBP
work_ijodnynjfzg6pajray343ungoq	151	150	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	151	151	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	151	152	as	as	IN
work_ijodnynjfzg6pajray343ungoq	151	153	a	a	DT
work_ijodnynjfzg6pajray343ungoq	151	154	result	result	NN
work_ijodnynjfzg6pajray343ungoq	151	155	of	of	IN
work_ijodnynjfzg6pajray343ungoq	151	156	the	the	DT
work_ijodnynjfzg6pajray343ungoq	151	157	jumping	jumping	NN
work_ijodnynjfzg6pajray343ungoq	151	158	factors	factor	NNS
work_ijodnynjfzg6pajray343ungoq	151	159	being	be	VBG
work_ijodnynjfzg6pajray343ungoq	151	160	fuzzified	fuzzifie	VBN
work_ijodnynjfzg6pajray343ungoq	151	161	.	.	.
work_ijodnynjfzg6pajray343ungoq	152	1	That	that	RB
work_ijodnynjfzg6pajray343ungoq	152	2	is	is	RB
work_ijodnynjfzg6pajray343ungoq	152	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	152	4	~C1u	~c1u	DT
work_ijodnynjfzg6pajray343ungoq	152	5	¼	¼	JJ
work_ijodnynjfzg6pajray343ungoq	152	6	maxð	maxð	NN
work_ijodnynjfzg6pajray343ungoq	152	7	~	~	NFP
work_ijodnynjfzg6pajray343ungoq	152	8	uS0	us0	NN
work_ijodnynjfzg6pajray343ungoq	152	9	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	152	10	K	k	NN
work_ijodnynjfzg6pajray343ungoq	152	11	;	;	:
work_ijodnynjfzg6pajray343ungoq	152	12	0Þ	0Þ	NNP
work_ijodnynjfzg6pajray343ungoq	152	13	and	and	CC
work_ijodnynjfzg6pajray343ungoq	152	14	~C1d	~C1d	NNP
work_ijodnynjfzg6pajray343ungoq	152	15	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	152	16	maxð	maxð	NNP
work_ijodnynjfzg6pajray343ungoq	152	17	~	~	NFP
work_ijodnynjfzg6pajray343ungoq	152	18	dS0	ds0	NN
work_ijodnynjfzg6pajray343ungoq	152	19	�	�	.
work_ijodnynjfzg6pajray343ungoq	152	20	K	k	NN
work_ijodnynjfzg6pajray343ungoq	152	21	;	;	:
work_ijodnynjfzg6pajray343ungoq	152	22	0Þ.	0Þ.	NNP
work_ijodnynjfzg6pajray343ungoq	153	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	153	2	ranking	ranking	NN
work_ijodnynjfzg6pajray343ungoq	153	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	153	4	two	two	CD
work_ijodnynjfzg6pajray343ungoq	153	5	triangular	triangular	JJ
work_ijodnynjfzg6pajray343ungoq	153	6	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	153	7	num-	num-	NNP
work_ijodnynjfzg6pajray343ungoq	153	8	bers	ber	NNS
work_ijodnynjfzg6pajray343ungoq	153	9	~A	~A	.
work_ijodnynjfzg6pajray343ungoq	153	10	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	153	11	½a1	½a1	ADD
work_ijodnynjfzg6pajray343ungoq	153	12	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	13	a2	a2	NNP
work_ijodnynjfzg6pajray343ungoq	153	14	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	15	a3	a3	NNP
work_ijodnynjfzg6pajray343ungoq	153	16	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	153	17	and	and	CC
work_ijodnynjfzg6pajray343ungoq	153	18	~B	~b	SYM
work_ijodnynjfzg6pajray343ungoq	153	19	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	153	20	½b1	½b1	NNP
work_ijodnynjfzg6pajray343ungoq	153	21	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	22	b2	b2	NN
work_ijodnynjfzg6pajray343ungoq	153	23	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	24	b3	b3	NNP
work_ijodnynjfzg6pajray343ungoq	153	25	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	153	26	can	can	MD
work_ijodnynjfzg6pajray343ungoq	153	27	be	be	VB
work_ijodnynjfzg6pajray343ungoq	153	28	derived	derive	VBN
work_ijodnynjfzg6pajray343ungoq	153	29	from	from	IN
work_ijodnynjfzg6pajray343ungoq	153	30	maxð	maxð	NN
work_ijodnynjfzg6pajray343ungoq	153	31	~	~	NFP
work_ijodnynjfzg6pajray343ungoq	153	32	A	a	DT
work_ijodnynjfzg6pajray343ungoq	153	33	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	34	~BÞ¼	~BÞ¼	NNP
work_ijodnynjfzg6pajray343ungoq	153	35	½maxða1	½maxða1	NN
work_ijodnynjfzg6pajray343ungoq	153	36	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	37	b1Þ	b1þ	XX
work_ijodnynjfzg6pajray343ungoq	153	38	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	39	maxða2	maxða2	NN
work_ijodnynjfzg6pajray343ungoq	153	40	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	41	b2Þ	b2Þ	NNP
work_ijodnynjfzg6pajray343ungoq	153	42	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	43	maxða3	maxða3	NN
work_ijodnynjfzg6pajray343ungoq	153	44	;	;	:
work_ijodnynjfzg6pajray343ungoq	153	45	b3Þ	b3þ	NN
work_ijodnynjfzg6pajray343ungoq	153	46	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	153	47	.	.	.
work_ijodnynjfzg6pajray343ungoq	154	1	Thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	154	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	154	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	4	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	154	5	formula	formula	NN
work_ijodnynjfzg6pajray343ungoq	154	6	for	for	IN
work_ijodnynjfzg6pajray343ungoq	154	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	154	9	call	call	NN
work_ijodnynjfzg6pajray343ungoq	154	10	option	option	NN
work_ijodnynjfzg6pajray343ungoq	154	11	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	154	12	eC	eC	NNP
work_ijodnynjfzg6pajray343ungoq	154	13	0	0	NFP
work_ijodnynjfzg6pajray343ungoq	154	14	¼	¼	CD
work_ijodnynjfzg6pajray343ungoq	154	15	11	11	CD
work_ijodnynjfzg6pajray343ungoq	154	16	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	154	17	r	r	NN
work_ijodnynjfzg6pajray343ungoq	154	18	eP	eP	NNP
work_ijodnynjfzg6pajray343ungoq	154	19	d	d	NNP
work_ijodnynjfzg6pajray343ungoq	154	20	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	154	21	eC	eC	NNP
work_ijodnynjfzg6pajray343ungoq	154	22	1d	1d	CD
work_ijodnynjfzg6pajray343ungoq	154	23	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	154	24	eP	eP	NNP
work_ijodnynjfzg6pajray343ungoq	154	25	u	u	NNP
work_ijodnynjfzg6pajray343ungoq	154	26	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	154	27	~C1u	~C1u	NNP
work_ijodnynjfzg6pajray343ungoq	154	28	h	h	NN
work_ijodnynjfzg6pajray343ungoq	154	29	i	i	PRP
work_ijodnynjfzg6pajray343ungoq	154	30	ð12Þ	ð12þ	XX
work_ijodnynjfzg6pajray343ungoq	154	31	In	in	IN
work_ijodnynjfzg6pajray343ungoq	154	32	practical	practical	JJ
work_ijodnynjfzg6pajray343ungoq	154	33	application	application	NN
work_ijodnynjfzg6pajray343ungoq	154	34	,	,	,
work_ijodnynjfzg6pajray343ungoq	154	35	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	36	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	154	37	value	value	NN
work_ijodnynjfzg6pajray343ungoq	154	38	of	of	IN
work_ijodnynjfzg6pajray343ungoq	154	39	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	40	underlying	underlying	JJ
work_ijodnynjfzg6pajray343ungoq	154	41	asset	asset	NN
work_ijodnynjfzg6pajray343ungoq	154	42	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	154	43	determined	determine	VBN
work_ijodnynjfzg6pajray343ungoq	154	44	by	by	IN
work_ijodnynjfzg6pajray343ungoq	154	45	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	46	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	154	47	of	of	IN
work_ijodnynjfzg6pajray343ungoq	154	48	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	49	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	154	50	project	project	NN
work_ijodnynjfzg6pajray343ungoq	154	51	;	;	:
work_ijodnynjfzg6pajray343ungoq	154	52	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	53	exercising	exercise	VBG
work_ijodnynjfzg6pajray343ungoq	154	54	price	price	NN
work_ijodnynjfzg6pajray343ungoq	154	55	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	154	56	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	57	additional	additional	JJ
work_ijodnynjfzg6pajray343ungoq	154	58	outlay	outlay	NN
work_ijodnynjfzg6pajray343ungoq	154	59	to	to	TO
work_ijodnynjfzg6pajray343ungoq	154	60	exercise	exercise	VB
work_ijodnynjfzg6pajray343ungoq	154	61	the	the	DT
work_ijodnynjfzg6pajray343ungoq	154	62	embedded	embed	VBN
work_ijodnynjfzg6pajray343ungoq	154	63	option	option	NN
work_ijodnynjfzg6pajray343ungoq	154	64	.	.	.
work_ijodnynjfzg6pajray343ungoq	155	1	Managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	155	2	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	155	3	to	to	TO
work_ijodnynjfzg6pajray343ungoq	155	4	adopt	adopt	VB
work_ijodnynjfzg6pajray343ungoq	155	5	future	future	JJ
work_ijodnynjfzg6pajray343ungoq	155	6	actions	action	NNS
work_ijodnynjfzg6pajray343ungoq	155	7	introduces	introduce	VBZ
work_ijodnynjfzg6pajray343ungoq	155	8	an	an	DT
work_ijodnynjfzg6pajray343ungoq	155	9	asymmetry	asymmetry	NN
work_ijodnynjfzg6pajray343ungoq	155	10	or	or	CC
work_ijodnynjfzg6pajray343ungoq	155	11	skewness	skewness	NN
work_ijodnynjfzg6pajray343ungoq	155	12	in	in	IN
work_ijodnynjfzg6pajray343ungoq	155	13	the	the	DT
work_ijodnynjfzg6pajray343ungoq	155	14	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	155	15	distribution	distribution	NN
work_ijodnynjfzg6pajray343ungoq	155	16	of	of	IN
work_ijodnynjfzg6pajray343ungoq	155	17	the	the	DT
work_ijodnynjfzg6pajray343ungoq	155	18	pro-	pro-	NN
work_ijodnynjfzg6pajray343ungoq	155	19	ject	ject	NN
work_ijodnynjfzg6pajray343ungoq	155	20	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	155	21	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	155	22	Yeo	Yeo	NNP
work_ijodnynjfzg6pajray343ungoq	155	23	&	&	CC
work_ijodnynjfzg6pajray343ungoq	155	24	Qiu	Qiu	NNP
work_ijodnynjfzg6pajray343ungoq	155	25	,	,	,
work_ijodnynjfzg6pajray343ungoq	155	26	2003	2003	CD
work_ijodnynjfzg6pajray343ungoq	155	27	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	155	28	.	.	.
work_ijodnynjfzg6pajray343ungoq	156	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	156	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	156	3	absence	absence	NN
work_ijodnynjfzg6pajray343ungoq	156	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	156	5	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	156	6	managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	156	7	flex-	flex-	NN
work_ijodnynjfzg6pajray343ungoq	156	8	ibility	ibility	NNP
work_ijodnynjfzg6pajray343ungoq	156	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	156	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	156	11	probability	probability	NN
work_ijodnynjfzg6pajray343ungoq	156	12	distribution	distribution	NN
work_ijodnynjfzg6pajray343ungoq	156	13	of	of	IN
work_ijodnynjfzg6pajray343ungoq	156	14	project	project	NN
work_ijodnynjfzg6pajray343ungoq	156	15	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	156	16	would	would	MD
work_ijodnynjfzg6pajray343ungoq	156	17	be	be	VB
work_ijodnynjfzg6pajray343ungoq	156	18	considerably	considerably	RB
work_ijodnynjfzg6pajray343ungoq	156	19	symmetric	symmetric	JJ
work_ijodnynjfzg6pajray343ungoq	156	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	157	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	157	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	157	3	in	in	IN
work_ijodnynjfzg6pajray343ungoq	157	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	157	5	existence	existence	NN
work_ijodnynjfzg6pajray343ungoq	157	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	157	7	managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	157	8	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	157	9	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	157	10	as	as	IN
work_ijodnynjfzg6pajray343ungoq	157	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	157	12	exercising	exercising	NN
work_ijodnynjfzg6pajray343ungoq	157	13	of	of	IN
work_ijodnynjfzg6pajray343ungoq	157	14	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	157	15	,	,	,
work_ijodnynjfzg6pajray343ungoq	157	16	enhanced	enhance	VBD
work_ijodnynjfzg6pajray343ungoq	157	17	upside	upside	JJ
work_ijodnynjfzg6pajray343ungoq	157	18	potential	potential	NN
work_ijodnynjfzg6pajray343ungoq	157	19	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	157	20	introduced	introduce	VBN
work_ijodnynjfzg6pajray343ungoq	157	21	and	and	CC
work_ijodnynjfzg6pajray343ungoq	157	22	the	the	DT
work_ijodnynjfzg6pajray343ungoq	157	23	resulting	result	VBG
work_ijodnynjfzg6pajray343ungoq	157	24	actual	actual	JJ
work_ijodnynjfzg6pajray343ungoq	157	25	distribution	distribution	NN
work_ijodnynjfzg6pajray343ungoq	157	26	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	157	27	skewed	skew	VBN
work_ijodnynjfzg6pajray343ungoq	157	28	to	to	IN
work_ijodnynjfzg6pajray343ungoq	157	29	the	the	DT
work_ijodnynjfzg6pajray343ungoq	157	30	right	right	NN
work_ijodnynjfzg6pajray343ungoq	157	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	158	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	158	2	essence	essence	NN
work_ijodnynjfzg6pajray343ungoq	158	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	158	4	identical	identical	JJ
work_ijodnynjfzg6pajray343ungoq	158	5	results	result	NNS
work_ijodnynjfzg6pajray343ungoq	158	6	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	158	7	obtained	obtain	VBN
work_ijodnynjfzg6pajray343ungoq	158	8	in	in	IN
work_ijodnynjfzg6pajray343ungoq	158	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	158	10	case	case	NN
work_ijodnynjfzg6pajray343ungoq	158	11	of	of	IN
work_ijodnynjfzg6pajray343ungoq	158	12	possibi-	possibi-	JJ
work_ijodnynjfzg6pajray343ungoq	158	13	listic	listic	JJ
work_ijodnynjfzg6pajray343ungoq	158	14	distribution	distribution	NN
work_ijodnynjfzg6pajray343ungoq	158	15	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	158	16	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	158	17	adopted	adopt	VBN
work_ijodnynjfzg6pajray343ungoq	158	18	by	by	IN
work_ijodnynjfzg6pajray343ungoq	158	19	this	this	DT
work_ijodnynjfzg6pajray343ungoq	158	20	study	study	NN
work_ijodnynjfzg6pajray343ungoq	158	21	to	to	TO
work_ijodnynjfzg6pajray343ungoq	158	22	characterize	characterize	VB
work_ijodnynjfzg6pajray343ungoq	158	23	the	the	DT
work_ijodnynjfzg6pajray343ungoq	158	24	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	158	25	of	of	IN
work_ijodnynjfzg6pajray343ungoq	158	26	an	an	DT
work_ijodnynjfzg6pajray343ungoq	158	27	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	158	28	project	project	NN
work_ijodnynjfzg6pajray343ungoq	158	29	.	.	.
work_ijodnynjfzg6pajray343ungoq	159	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	159	2	other	other	JJ
work_ijodnynjfzg6pajray343ungoq	159	3	words	word	NNS
work_ijodnynjfzg6pajray343ungoq	159	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	159	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	159	6	characteristic	characteristic	NN
work_ijodnynjfzg6pajray343ungoq	159	7	of	of	IN
work_ijodnynjfzg6pajray343ungoq	159	8	right	right	JJ
work_ijodnynjfzg6pajray343ungoq	159	9	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	159	10	skewed	skewed	JJ
work_ijodnynjfzg6pajray343ungoq	159	11	distribution	distribution	NN
work_ijodnynjfzg6pajray343ungoq	159	12	also	also	RB
work_ijodnynjfzg6pajray343ungoq	159	13	appears	appear	VBZ
work_ijodnynjfzg6pajray343ungoq	159	14	in	in	IN
work_ijodnynjfzg6pajray343ungoq	159	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	159	16	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	159	17	of	of	IN
work_ijodnynjfzg6pajray343ungoq	159	18	an	an	DT
work_ijodnynjfzg6pajray343ungoq	159	19	invest-	invest-	FW
work_ijodnynjfzg6pajray343ungoq	159	20	ment	ment	JJ
work_ijodnynjfzg6pajray343ungoq	159	21	project	project	NN
work_ijodnynjfzg6pajray343ungoq	159	22	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	159	23	the	the	DT
work_ijodnynjfzg6pajray343ungoq	159	24	parameters	parameter	NNS
work_ijodnynjfzg6pajray343ungoq	159	25	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	159	26	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	159	27	as	as	IN
work_ijodnynjfzg6pajray343ungoq	159	28	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	159	29	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	159	30	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	159	31	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	159	32	charac-	charac-	RB
work_ijodnynjfzg6pajray343ungoq	159	33	terized	terize	VBN
work_ijodnynjfzg6pajray343ungoq	159	34	with	with	IN
work_ijodnynjfzg6pajray343ungoq	159	35	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	159	36	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	159	37	.	.	.
work_ijodnynjfzg6pajray343ungoq	160	1	Although	although	IN
work_ijodnynjfzg6pajray343ungoq	160	2	many	many	JJ
work_ijodnynjfzg6pajray343ungoq	160	3	studies	study	NNS
work_ijodnynjfzg6pajray343ungoq	160	4	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	160	5	proposed	propose	VBN
work_ijodnynjfzg6pajray343ungoq	160	6	a	a	DT
work_ijodnynjfzg6pajray343ungoq	160	7	variety	variety	NN
work_ijodnynjfzg6pajray343ungoq	160	8	of	of	IN
work_ijodnynjfzg6pajray343ungoq	160	9	methods	method	NNS
work_ijodnynjfzg6pajray343ungoq	160	10	to	to	TO
work_ijodnynjfzg6pajray343ungoq	160	11	compute	compute	VB
work_ijodnynjfzg6pajray343ungoq	160	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	160	13	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	160	14	value	value	NN
work_ijodnynjfzg6pajray343ungoq	160	15	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	160	16	Carlsson	Carlsson	NNP
work_ijodnynjfzg6pajray343ungoq	160	17	&	&	CC
work_ijodnynjfzg6pajray343ungoq	160	18	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	160	19	,	,	,
work_ijodnynjfzg6pajray343ungoq	160	20	2001	2001	CD
work_ijodnynjfzg6pajray343ungoq	160	21	;	;	:
work_ijodnynjfzg6pajray343ungoq	160	22	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	160	23	&	&	CC
work_ijodnynjfzg6pajray343ungoq	160	24	Majlender	Majlender	NNP
work_ijodnynjfzg6pajray343ungoq	160	25	,	,	,
work_ijodnynjfzg6pajray343ungoq	160	26	2003	2003	CD
work_ijodnynjfzg6pajray343ungoq	160	27	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	160	28	and	and	CC
work_ijodnynjfzg6pajray343ungoq	160	29	median	median	JJ
work_ijodnynjfzg6pajray343ungoq	160	30	value	value	NN
work_ijodnynjfzg6pajray343ungoq	160	31	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	160	32	Bodjanova	Bodjanova	NNP
work_ijodnynjfzg6pajray343ungoq	160	33	,	,	,
work_ijodnynjfzg6pajray343ungoq	160	34	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	160	35	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	160	36	of	of	IN
work_ijodnynjfzg6pajray343ungoq	160	37	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	160	38	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	160	39	,	,	,
work_ijodnynjfzg6pajray343ungoq	160	40	these	these	DT
work_ijodnynjfzg6pajray343ungoq	160	41	works	work	NNS
work_ijodnynjfzg6pajray343ungoq	160	42	did	do	VBD
work_ijodnynjfzg6pajray343ungoq	160	43	not	not	RB
work_ijodnynjfzg6pajray343ungoq	160	44	consider	consider	VB
work_ijodnynjfzg6pajray343ungoq	160	45	the	the	DT
work_ijodnynjfzg6pajray343ungoq	160	46	right	right	JJ
work_ijodnynjfzg6pajray343ungoq	160	47	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	160	48	skewed	skewed	JJ
work_ijodnynjfzg6pajray343ungoq	160	49	characteristic	characteristic	JJ
work_ijodnynjfzg6pajray343ungoq	160	50	present	present	NN
work_ijodnynjfzg6pajray343ungoq	160	51	in	in	IN
work_ijodnynjfzg6pajray343ungoq	160	52	the	the	DT
work_ijodnynjfzg6pajray343ungoq	160	53	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	160	54	.	.	.
work_ijodnynjfzg6pajray343ungoq	161	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	161	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	161	3	this	this	DT
work_ijodnynjfzg6pajray343ungoq	161	4	study	study	NN
work_ijodnynjfzg6pajray343ungoq	161	5	proposes	propose	VBZ
work_ijodnynjfzg6pajray343ungoq	161	6	a	a	DT
work_ijodnynjfzg6pajray343ungoq	161	7	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	161	8	method	method	NN
work_ijodnynjfzg6pajray343ungoq	161	9	to	to	TO
work_ijodnynjfzg6pajray343ungoq	161	10	compute	compute	VB
work_ijodnynjfzg6pajray343ungoq	161	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	161	12	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	161	13	value	value	NN
work_ijodnynjfzg6pajray343ungoq	161	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	161	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	161	16	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	161	17	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	161	18	on	on	IN
work_ijodnynjfzg6pajray343ungoq	161	19	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	161	20	right	right	JJ
work_ijodnynjfzg6pajray343ungoq	161	21	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	161	22	skewed	skewed	JJ
work_ijodnynjfzg6pajray343ungoq	161	23	characteristic	characteristic	NN
work_ijodnynjfzg6pajray343ungoq	161	24	.	.	.
work_ijodnynjfzg6pajray343ungoq	162	1	This	this	DT
work_ijodnynjfzg6pajray343ungoq	162	2	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	162	3	value	value	NN
work_ijodnynjfzg6pajray343ungoq	162	4	can	can	MD
work_ijodnynjfzg6pajray343ungoq	162	5	be	be	VB
work_ijodnynjfzg6pajray343ungoq	162	6	used	use	VBN
work_ijodnynjfzg6pajray343ungoq	162	7	to	to	TO
work_ijodnynjfzg6pajray343ungoq	162	8	represent	represent	VB
work_ijodnynjfzg6pajray343ungoq	162	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	162	10	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	162	11	with	with	IN
work_ijodnynjfzg6pajray343ungoq	162	12	a	a	DT
work_ijodnynjfzg6pajray343ungoq	162	13	crisp	crisp	JJ
work_ijodnynjfzg6pajray343ungoq	162	14	value	value	NN
work_ijodnynjfzg6pajray343ungoq	162	15	.	.	.
work_ijodnynjfzg6pajray343ungoq	163	1	Moreover	moreover	RB
work_ijodnynjfzg6pajray343ungoq	163	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	163	3	different	different	JJ
work_ijodnynjfzg6pajray343ungoq	163	4	FENPVs	fenpv	NNS
work_ijodnynjfzg6pajray343ungoq	163	5	can	can	MD
work_ijodnynjfzg6pajray343ungoq	163	6	be	be	VB
work_ijodnynjfzg6pajray343ungoq	163	7	compared	compare	VBN
work_ijodnynjfzg6pajray343ungoq	163	8	according	accord	VBG
work_ijodnynjfzg6pajray343ungoq	163	9	to	to	IN
work_ijodnynjfzg6pajray343ungoq	163	10	their	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	163	11	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	163	12	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	163	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	164	1	Let	let	VB
work_ijodnynjfzg6pajray343ungoq	164	2	~C	~C	NNP
work_ijodnynjfzg6pajray343ungoq	164	3	¼	¼	RB
work_ijodnynjfzg6pajray343ungoq	164	4	½c1ðaÞ	½c1ðaÞ	NNS
work_ijodnynjfzg6pajray343ungoq	164	5	;	;	:
work_ijodnynjfzg6pajray343ungoq	164	6	c3ðaÞ	c3ðaþ	JJ
work_ijodnynjfzg6pajray343ungoq	164	7	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	164	8	be	be	VB
work_ijodnynjfzg6pajray343ungoq	164	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	164	10	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	164	11	number	number	NN
work_ijodnynjfzg6pajray343ungoq	164	12	and	and	CC
work_ijodnynjfzg6pajray343ungoq	164	13	k	k	NN
work_ijodnynjfzg6pajray343ungoq	164	14	2	2	CD
work_ijodnynjfzg6pajray343ungoq	164	15	½0	½0	NNS
work_ijodnynjfzg6pajray343ungoq	164	16	;	;	:
work_ijodnynjfzg6pajray343ungoq	164	17	1	1	CD
work_ijodnynjfzg6pajray343ungoq	164	18	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	164	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	165	1	Then	then	RB
work_ijodnynjfzg6pajray343ungoq	165	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	165	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	165	4	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	165	5	value	value	NN
work_ijodnynjfzg6pajray343ungoq	165	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	165	7	~C	~c	NN
work_ijodnynjfzg6pajray343ungoq	165	8	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	165	9	defined	define	VBN
work_ijodnynjfzg6pajray343ungoq	165	10	as	as	IN
work_ijodnynjfzg6pajray343ungoq	165	11	E	e	NN
work_ijodnynjfzg6pajray343ungoq	165	12	~C	~c	CD
work_ijodnynjfzg6pajray343ungoq	165	13	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	165	14	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	165	15	¼	¼	JJ
work_ijodnynjfzg6pajray343ungoq	165	16	Z	z	NN
work_ijodnynjfzg6pajray343ungoq	165	17	1	1	CD
work_ijodnynjfzg6pajray343ungoq	165	18	0	0	CD
work_ijodnynjfzg6pajray343ungoq	165	19	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	165	20	�	�	.
work_ijodnynjfzg6pajray343ungoq	165	21	kÞc1ðaÞþ	kÞc1ðaÞþ	NNP
work_ijodnynjfzg6pajray343ungoq	165	22	kc3ðaÞ½	kc3ðaÞ½	NNP
work_ijodnynjfzg6pajray343ungoq	165	23	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	165	24	da	da	NNP
work_ijodnynjfzg6pajray343ungoq	165	25	ð13Þ	ð13Þ	VBZ
work_ijodnynjfzg6pajray343ungoq	165	26	The	the	DT
work_ijodnynjfzg6pajray343ungoq	165	27	weighted	weighted	JJ
work_ijodnynjfzg6pajray343ungoq	165	28	index	index	NN
work_ijodnynjfzg6pajray343ungoq	165	29	k	k	NN
work_ijodnynjfzg6pajray343ungoq	165	30	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	165	31	called	call	VBN
work_ijodnynjfzg6pajray343ungoq	165	32	the	the	DT
work_ijodnynjfzg6pajray343ungoq	165	33	pessimistic	pessimistic	JJ
work_ijodnynjfzg6pajray343ungoq	165	34	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	165	35	optimistic	optimistic	JJ
work_ijodnynjfzg6pajray343ungoq	165	36	index	index	NN
work_ijodnynjfzg6pajray343ungoq	165	37	in	in	IN
work_ijodnynjfzg6pajray343ungoq	165	38	Yoshida	Yoshida	NNP
work_ijodnynjfzg6pajray343ungoq	165	39	et	et	FW
work_ijodnynjfzg6pajray343ungoq	165	40	al	al	NNP
work_ijodnynjfzg6pajray343ungoq	165	41	.	.	.
work_ijodnynjfzg6pajray343ungoq	166	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	166	2	2006	2006	CD
work_ijodnynjfzg6pajray343ungoq	166	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	166	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	166	5	but	but	CC
work_ijodnynjfzg6pajray343ungoq	166	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	166	7	index	index	NN
work_ijodnynjfzg6pajray343ungoq	166	8	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	166	9	determined	determine	VBN
work_ijodnynjfzg6pajray343ungoq	166	10	by	by	IN
work_ijodnynjfzg6pajray343ungoq	166	11	a	a	DT
work_ijodnynjfzg6pajray343ungoq	166	12	subjective	subjective	JJ
work_ijodnynjfzg6pajray343ungoq	166	13	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	166	14	in	in	IN
work_ijodnynjfzg6pajray343ungoq	166	15	Yoshida	Yoshida	NNP
work_ijodnynjfzg6pajray343ungoq	166	16	et	et	FW
work_ijodnynjfzg6pajray343ungoq	166	17	al	al	NNP
work_ijodnynjfzg6pajray343ungoq	166	18	.	.	.
work_ijodnynjfzg6pajray343ungoq	167	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	167	2	2006	2006	CD
work_ijodnynjfzg6pajray343ungoq	167	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	167	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	168	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	168	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	168	3	this	this	DT
work_ijodnynjfzg6pajray343ungoq	168	4	study	study	NN
work_ijodnynjfzg6pajray343ungoq	168	5	considers	consider	VBZ
work_ijodnynjfzg6pajray343ungoq	168	6	that	that	IN
work_ijodnynjfzg6pajray343ungoq	168	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	168	8	index	index	NN
work_ijodnynjfzg6pajray343ungoq	168	9	can	can	MD
work_ijodnynjfzg6pajray343ungoq	168	10	be	be	VB
work_ijodnynjfzg6pajray343ungoq	168	11	determined	determine	VBN
work_ijodnynjfzg6pajray343ungoq	168	12	objectively	objectively	RB
work_ijodnynjfzg6pajray343ungoq	168	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	169	1	Fig	fig	NN
work_ijodnynjfzg6pajray343ungoq	169	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	170	1	3	3	CD
work_ijodnynjfzg6pajray343ungoq	170	2	illustrates	illustrate	VBZ
work_ijodnynjfzg6pajray343ungoq	170	3	a	a	DT
work_ijodnynjfzg6pajray343ungoq	170	4	case	case	NN
work_ijodnynjfzg6pajray343ungoq	170	5	in	in	IN
work_ijodnynjfzg6pajray343ungoq	170	6	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	170	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	170	8	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	170	9	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	170	10	represented	represent	VBN
work_ijodnynjfzg6pajray343ungoq	170	11	by	by	IN
work_ijodnynjfzg6pajray343ungoq	170	12	a	a	DT
work_ijodnynjfzg6pajray343ungoq	170	13	right	right	JJ
work_ijodnynjfzg6pajray343ungoq	170	14	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	170	15	skewed	skewed	JJ
work_ijodnynjfzg6pajray343ungoq	170	16	triangular	triangular	JJ
work_ijodnynjfzg6pajray343ungoq	170	17	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	170	18	number	number	NN
work_ijodnynjfzg6pajray343ungoq	170	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	171	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	171	2	right	right	JJ
work_ijodnynjfzg6pajray343ungoq	171	3	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	171	4	skewed	skewed	JJ
work_ijodnynjfzg6pajray343ungoq	171	5	characteristic	characteristic	NN
work_ijodnynjfzg6pajray343ungoq	171	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	171	7	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	171	8	—	—	:
work_ijodnynjfzg6pajray343ungoq	171	9	meaning	mean	VBG
work_ijodnynjfzg6pajray343ungoq	171	10	that	that	IN
work_ijodnynjfzg6pajray343ungoq	171	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	171	12	more	more	RBR
work_ijodnynjfzg6pajray343ungoq	171	13	skew	skew	JJ
work_ijodnynjfzg6pajray343ungoq	171	14	to	to	IN
work_ijodnynjfzg6pajray343ungoq	171	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	171	16	right	right	NN
work_ijodnynjfzg6pajray343ungoq	171	17	,	,	,
work_ijodnynjfzg6pajray343ungoq	171	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	171	19	more	more	RBR
work_ijodnynjfzg6pajray343ungoq	171	20	optimistic	optimistic	JJ
work_ijodnynjfzg6pajray343ungoq	171	21	the	the	DT
work_ijodnynjfzg6pajray343ungoq	171	22	payoff	payoff	NN
work_ijodnynjfzg6pajray343ungoq	171	23	of	of	IN
work_ijodnynjfzg6pajray343ungoq	171	24	the	the	DT
work_ijodnynjfzg6pajray343ungoq	171	25	project	project	NN
work_ijodnynjfzg6pajray343ungoq	171	26	—	—	:
work_ijodnynjfzg6pajray343ungoq	171	27	provides	provide	VBZ
work_ijodnynjfzg6pajray343ungoq	171	28	a	a	DT
work_ijodnynjfzg6pajray343ungoq	171	29	clue	clue	NN
work_ijodnynjfzg6pajray343ungoq	171	30	to	to	IN
work_ijodnynjfzg6pajray343ungoq	171	31	determining	determine	VBG
work_ijodnynjfzg6pajray343ungoq	171	32	k	k	NNP
work_ijodnynjfzg6pajray343ungoq	171	33	with	with	IN
work_ijodnynjfzg6pajray343ungoq	171	34	k	k	NNP
work_ijodnynjfzg6pajray343ungoq	171	35	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	171	36	ARALþAR	ARALþAR	NNP
work_ijodnynjfzg6pajray343ungoq	171	37	,	,	,
work_ijodnynjfzg6pajray343ungoq	171	38	where	where	WRB
work_ijodnynjfzg6pajray343ungoq	171	39	AL	AL	NNP
work_ijodnynjfzg6pajray343ungoq	171	40	and	and	CC
work_ijodnynjfzg6pajray343ungoq	171	41	AR	AR	NNP
work_ijodnynjfzg6pajray343ungoq	171	42	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	171	43	the	the	DT
work_ijodnynjfzg6pajray343ungoq	171	44	left	left	JJ
work_ijodnynjfzg6pajray343ungoq	171	45	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	171	46	part	part	NN
work_ijodnynjfzg6pajray343ungoq	171	47	area	area	NN
work_ijodnynjfzg6pajray343ungoq	171	48	and	and	CC
work_ijodnynjfzg6pajray343ungoq	171	49	right	right	JJ
work_ijodnynjfzg6pajray343ungoq	171	50	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	171	51	part	part	NN
work_ijodnynjfzg6pajray343ungoq	171	52	area	area	NN
work_ijodnynjfzg6pajray343ungoq	171	53	of	of	IN
work_ijodnynjfzg6pajray343ungoq	171	54	the	the	DT
work_ijodnynjfzg6pajray343ungoq	171	55	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	171	56	,	,	,
work_ijodnynjfzg6pajray343ungoq	171	57	respectively	respectively	RB
work_ijodnynjfzg6pajray343ungoq	171	58	.	.	.
work_ijodnynjfzg6pajray343ungoq	172	1	Thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	172	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	172	3	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	172	4	k	k	NNP
work_ijodnynjfzg6pajray343ungoq	172	5	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	172	6	determined	determine	VBN
work_ijodnynjfzg6pajray343ungoq	172	7	objectively	objectively	RB
work_ijodnynjfzg6pajray343ungoq	172	8	and	and	CC
work_ijodnynjfzg6pajray343ungoq	172	9	substi-	substi-	JJ
work_ijodnynjfzg6pajray343ungoq	172	10	tuted	tut	VBN
work_ijodnynjfzg6pajray343ungoq	172	11	into	into	IN
work_ijodnynjfzg6pajray343ungoq	172	12	Eq	Eq	NNP
work_ijodnynjfzg6pajray343ungoq	172	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	173	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	173	2	13	13	CD
work_ijodnynjfzg6pajray343ungoq	173	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	173	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	173	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	173	6	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	173	7	value	value	NN
work_ijodnynjfzg6pajray343ungoq	173	8	of	of	IN
work_ijodnynjfzg6pajray343ungoq	173	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	173	10	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	173	11	can	can	MD
work_ijodnynjfzg6pajray343ungoq	173	12	be	be	VB
work_ijodnynjfzg6pajray343ungoq	173	13	computed	compute	VBN
work_ijodnynjfzg6pajray343ungoq	173	14	as	as	IN
work_ijodnynjfzg6pajray343ungoq	173	15	follows	follow	VBZ
work_ijodnynjfzg6pajray343ungoq	173	16	EðFENPVÞ¼	eðfenpvþ¼	CD
work_ijodnynjfzg6pajray343ungoq	173	17	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	173	18	�	�	.
work_ijodnynjfzg6pajray343ungoq	173	19	kÞc1	kþc1	ADD
work_ijodnynjfzg6pajray343ungoq	173	20	þ	þ	DT
work_ijodnynjfzg6pajray343ungoq	173	21	c2	c2	NNP
work_ijodnynjfzg6pajray343ungoq	173	22	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	173	23	kc3	kc3	NNP
work_ijodnynjfzg6pajray343ungoq	173	24	2	2	CD
work_ijodnynjfzg6pajray343ungoq	173	25	ð14Þ	ð14þ	CD
work_ijodnynjfzg6pajray343ungoq	173	26	4	4	CD
work_ijodnynjfzg6pajray343ungoq	173	27	.	.	.
work_ijodnynjfzg6pajray343ungoq	174	1	An	an	DT
work_ijodnynjfzg6pajray343ungoq	174	2	illustrative	illustrative	JJ
work_ijodnynjfzg6pajray343ungoq	174	3	example	example	NN
work_ijodnynjfzg6pajray343ungoq	174	4	An	an	DT
work_ijodnynjfzg6pajray343ungoq	174	5	enterprise	enterprise	NN
work_ijodnynjfzg6pajray343ungoq	174	6	must	must	MD
work_ijodnynjfzg6pajray343ungoq	174	7	continually	continually	RB
work_ijodnynjfzg6pajray343ungoq	174	8	develop	develop	VB
work_ijodnynjfzg6pajray343ungoq	174	9	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	174	10	products	product	NNS
work_ijodnynjfzg6pajray343ungoq	174	11	and	and	CC
work_ijodnynjfzg6pajray343ungoq	174	12	introduce	introduce	VB
work_ijodnynjfzg6pajray343ungoq	174	13	them	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	174	14	into	into	IN
work_ijodnynjfzg6pajray343ungoq	174	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	174	16	market	market	NN
work_ijodnynjfzg6pajray343ungoq	174	17	to	to	TO
work_ijodnynjfzg6pajray343ungoq	174	18	create	create	VB
work_ijodnynjfzg6pajray343ungoq	174	19	profit	profit	NN
work_ijodnynjfzg6pajray343ungoq	174	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	175	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	175	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	175	3	evaluat-	evaluat-	NN
work_ijodnynjfzg6pajray343ungoq	175	4	ing	ing	NN
work_ijodnynjfzg6pajray343ungoq	175	5	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	175	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	175	7	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	175	8	product	product	NN
work_ijodnynjfzg6pajray343ungoq	175	9	development	development	NN
work_ijodnynjfzg6pajray343ungoq	175	10	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	175	11	a	a	DT
work_ijodnynjfzg6pajray343ungoq	175	12	crucial	crucial	JJ
work_ijodnynjfzg6pajray343ungoq	175	13	task	task	NN
work_ijodnynjfzg6pajray343ungoq	175	14	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	175	15	should	should	MD
work_ijodnynjfzg6pajray343ungoq	175	16	be	be	VB
work_ijodnynjfzg6pajray343ungoq	175	17	an	an	DT
work_ijodnynjfzg6pajray343ungoq	175	18	ongoing	ongoing	JJ
work_ijodnynjfzg6pajray343ungoq	175	19	effort	effort	NN
work_ijodnynjfzg6pajray343ungoq	175	20	of	of	IN
work_ijodnynjfzg6pajray343ungoq	175	21	an	an	DT
work_ijodnynjfzg6pajray343ungoq	175	22	enterprise	enterprise	NN
work_ijodnynjfzg6pajray343ungoq	175	23	.	.	.
work_ijodnynjfzg6pajray343ungoq	176	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	176	2	this	this	DT
work_ijodnynjfzg6pajray343ungoq	176	3	case	case	NN
work_ijodnynjfzg6pajray343ungoq	176	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	176	5	a	a	DT
work_ijodnynjfzg6pajray343ungoq	176	6	local	local	JJ
work_ijodnynjfzg6pajray343ungoq	176	7	biotechnology	biotechnology	NN
work_ijodnynjfzg6pajray343ungoq	176	8	company	company	NN
work_ijodnynjfzg6pajray343ungoq	176	9	in	in	IN
work_ijodnynjfzg6pajray343ungoq	176	10	Taiwan	Taiwan	NNP
work_ijodnynjfzg6pajray343ungoq	176	11	proposes	propose	VBZ
work_ijodnynjfzg6pajray343ungoq	176	12	a	a	DT
work_ijodnynjfzg6pajray343ungoq	176	13	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	176	14	product	product	NN
work_ijodnynjfzg6pajray343ungoq	176	15	devel-	devel-	NNP
work_ijodnynjfzg6pajray343ungoq	176	16	opment	opment	NNP
work_ijodnynjfzg6pajray343ungoq	176	17	project	project	NN
work_ijodnynjfzg6pajray343ungoq	176	18	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	176	19	needs	need	VBZ
work_ijodnynjfzg6pajray343ungoq	176	20	evaluation	evaluation	NN
work_ijodnynjfzg6pajray343ungoq	176	21	.	.	.
work_ijodnynjfzg6pajray343ungoq	177	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	177	2	project	project	NN
work_ijodnynjfzg6pajray343ungoq	177	3	must	must	MD
work_ijodnynjfzg6pajray343ungoq	177	4	go	go	VB
work_ijodnynjfzg6pajray343ungoq	177	5	through	through	IN
work_ijodnynjfzg6pajray343ungoq	177	6	two	two	CD
work_ijodnynjfzg6pajray343ungoq	177	7	stages	stage	NNS
work_ijodnynjfzg6pajray343ungoq	177	8	before	before	IN
work_ijodnynjfzg6pajray343ungoq	177	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	177	10	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	177	11	product	product	NN
work_ijodnynjfzg6pajray343ungoq	177	12	can	can	MD
work_ijodnynjfzg6pajray343ungoq	177	13	be	be	VB
work_ijodnynjfzg6pajray343ungoq	177	14	introduced	introduce	VBN
work_ijodnynjfzg6pajray343ungoq	177	15	into	into	IN
work_ijodnynjfzg6pajray343ungoq	177	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	177	17	mar-	mar-	NNP
work_ijodnynjfzg6pajray343ungoq	177	18	ket	ket	NN
work_ijodnynjfzg6pajray343ungoq	177	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	178	1	Stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	178	2	one	one	CD
work_ijodnynjfzg6pajray343ungoq	178	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	178	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	178	5	project	project	NN
work_ijodnynjfzg6pajray343ungoq	178	6	will	will	MD
work_ijodnynjfzg6pajray343ungoq	178	7	require	require	VB
work_ijodnynjfzg6pajray343ungoq	178	8	two	two	CD
work_ijodnynjfzg6pajray343ungoq	178	9	years	year	NNS
work_ijodnynjfzg6pajray343ungoq	178	10	and	and	CC
work_ijodnynjfzg6pajray343ungoq	178	11	an	an	DT
work_ijodnynjfzg6pajray343ungoq	178	12	invest-	invest-	JJ
work_ijodnynjfzg6pajray343ungoq	178	13	ment	ment	NN
work_ijodnynjfzg6pajray343ungoq	178	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	178	15	I1	I1	NNP
work_ijodnynjfzg6pajray343ungoq	178	16	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	178	17	40	40	CD
work_ijodnynjfzg6pajray343ungoq	178	18	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	178	19	million	million	CD
work_ijodnynjfzg6pajray343ungoq	178	20	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	178	21	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	178	22	toward	toward	IN
work_ijodnynjfzg6pajray343ungoq	178	23	product	product	NN
work_ijodnynjfzg6pajray343ungoq	178	24	development	development	NN
work_ijodnynjfzg6pajray343ungoq	178	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	179	1	When	when	WRB
work_ijodnynjfzg6pajray343ungoq	179	2	this	this	DT
work_ijodnynjfzg6pajray343ungoq	179	3	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	179	4	done	do	VBN
work_ijodnynjfzg6pajray343ungoq	179	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	179	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	179	7	project	project	NN
work_ijodnynjfzg6pajray343ungoq	179	8	will	will	MD
work_ijodnynjfzg6pajray343ungoq	179	9	proceed	proceed	VB
work_ijodnynjfzg6pajray343ungoq	179	10	to	to	IN
work_ijodnynjfzg6pajray343ungoq	179	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	179	12	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	179	13	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	179	14	,	,	,
work_ijodnynjfzg6pajray343ungoq	179	15	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	179	16	will	will	MD
work_ijodnynjfzg6pajray343ungoq	179	17	require	require	VB
work_ijodnynjfzg6pajray343ungoq	179	18	one	one	CD
work_ijodnynjfzg6pajray343ungoq	179	19	year	year	NN
work_ijodnynjfzg6pajray343ungoq	179	20	and	and	CC
work_ijodnynjfzg6pajray343ungoq	179	21	an	an	DT
work_ijodnynjfzg6pajray343ungoq	179	22	outlay	outlay	NN
work_ijodnynjfzg6pajray343ungoq	179	23	of	of	IN
work_ijodnynjfzg6pajray343ungoq	179	24	I2	I2	NNP
work_ijodnynjfzg6pajray343ungoq	179	25	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	179	26	80	80	CD
work_ijodnynjfzg6pajray343ungoq	179	27	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	179	28	million	million	CD
work_ijodnynjfzg6pajray343ungoq	179	29	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	179	30	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	179	31	to	to	TO
work_ijodnynjfzg6pajray343ungoq	179	32	acquire	acquire	VB
work_ijodnynjfzg6pajray343ungoq	179	33	the	the	DT
work_ijodnynjfzg6pajray343ungoq	179	34	equipment	equipment	NN
work_ijodnynjfzg6pajray343ungoq	179	35	and	and	CC
work_ijodnynjfzg6pajray343ungoq	179	36	raw	raw	JJ
work_ijodnynjfzg6pajray343ungoq	179	37	material	material	NN
work_ijodnynjfzg6pajray343ungoq	179	38	for	for	IN
work_ijodnynjfzg6pajray343ungoq	179	39	mass	mass	NN
work_ijodnynjfzg6pajray343ungoq	179	40	production	production	NN
work_ijodnynjfzg6pajray343ungoq	179	41	.	.	.
work_ijodnynjfzg6pajray343ungoq	180	1	Experts	expert	NNS
work_ijodnynjfzg6pajray343ungoq	180	2	estimate	estimate	VBP
work_ijodnynjfzg6pajray343ungoq	180	3	that	that	IN
work_ijodnynjfzg6pajray343ungoq	180	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	180	5	project	project	NN
work_ijodnynjfzg6pajray343ungoq	180	6	will	will	MD
work_ijodnynjfzg6pajray343ungoq	180	7	create	create	VB
work_ijodnynjfzg6pajray343ungoq	180	8	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	180	9	inflows	inflow	NNS
work_ijodnynjfzg6pajray343ungoq	180	10	with	with	IN
work_ijodnynjfzg6pajray343ungoq	180	11	a	a	DT
work_ijodnynjfzg6pajray343ungoq	180	12	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	180	13	value	value	NN
work_ijodnynjfzg6pajray343ungoq	180	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	180	15	100	100	CD
work_ijodnynjfzg6pajray343ungoq	180	16	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	180	17	million	million	CD
work_ijodnynjfzg6pajray343ungoq	180	18	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	180	19	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	180	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	181	1	If	if	IN
work_ijodnynjfzg6pajray343ungoq	181	2	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	181	3	use	use	VBP
work_ijodnynjfzg6pajray343ungoq	181	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	181	5	biannual	biannual	JJ
work_ijodnynjfzg6pajray343ungoq	181	6	risk	risk	NN
work_ijodnynjfzg6pajray343ungoq	181	7	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	181	8	free	free	JJ
work_ijodnynjfzg6pajray343ungoq	181	9	interest	interest	NN
work_ijodnynjfzg6pajray343ungoq	181	10	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	181	11	r	r	NN
work_ijodnynjfzg6pajray343ungoq	181	12	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	181	13	3	3	CD
work_ijodnynjfzg6pajray343ungoq	181	14	%	%	NN
work_ijodnynjfzg6pajray343ungoq	181	15	as	as	IN
work_ijodnynjfzg6pajray343ungoq	181	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	181	17	discounting	discount	VBG
work_ijodnynjfzg6pajray343ungoq	181	18	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	181	19	and	and	CC
work_ijodnynjfzg6pajray343ungoq	181	20	frame	frame	NN
work_ijodnynjfzg6pajray343ungoq	181	21	six	six	CD
work_ijodnynjfzg6pajray343ungoq	181	22	months	month	NNS
work_ijodnynjfzg6pajray343ungoq	181	23	as	as	IN
work_ijodnynjfzg6pajray343ungoq	181	24	one	one	CD
work_ijodnynjfzg6pajray343ungoq	181	25	period	period	NN
work_ijodnynjfzg6pajray343ungoq	181	26	,	,	,
work_ijodnynjfzg6pajray343ungoq	181	27	the	the	DT
work_ijodnynjfzg6pajray343ungoq	181	28	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	181	29	of	of	IN
work_ijodnynjfzg6pajray343ungoq	181	30	the	the	DT
work_ijodnynjfzg6pajray343ungoq	181	31	project	project	NN
work_ijodnynjfzg6pajray343ungoq	181	32	can	can	MD
work_ijodnynjfzg6pajray343ungoq	181	33	be	be	VB
work_ijodnynjfzg6pajray343ungoq	181	34	calculated	calculate	VBN
work_ijodnynjfzg6pajray343ungoq	181	35	as	as	IN
work_ijodnynjfzg6pajray343ungoq	181	36	follows	follow	VBZ
work_ijodnynjfzg6pajray343ungoq	181	37	:	:	:
work_ijodnynjfzg6pajray343ungoq	181	38	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	181	39	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	181	40	100	100	CD
work_ijodnynjfzg6pajray343ungoq	181	41	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	181	42	40	40	CD
work_ijodnynjfzg6pajray343ungoq	181	43	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	181	44	80	80	CD
work_ijodnynjfzg6pajray343ungoq	181	45	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	181	46	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	181	47	0:03Þ4	0:03Þ4	NNP
work_ijodnynjfzg6pajray343ungoq	181	48	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	181	49	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	181	50	11:08ðmillionÞ	11:08ðmillionþ	CD
work_ijodnynjfzg6pajray343ungoq	181	51	This	this	DT
work_ijodnynjfzg6pajray343ungoq	181	52	negative	negative	JJ
work_ijodnynjfzg6pajray343ungoq	181	53	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	181	54	suggests	suggest	VBZ
work_ijodnynjfzg6pajray343ungoq	181	55	that	that	IN
work_ijodnynjfzg6pajray343ungoq	181	56	the	the	DT
work_ijodnynjfzg6pajray343ungoq	181	57	project	project	NN
work_ijodnynjfzg6pajray343ungoq	181	58	should	should	MD
work_ijodnynjfzg6pajray343ungoq	181	59	be	be	VB
work_ijodnynjfzg6pajray343ungoq	181	60	rejected	reject	VBN
work_ijodnynjfzg6pajray343ungoq	181	61	.	.	.
work_ijodnynjfzg6pajray343ungoq	182	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	182	2	above	above	JJ
work_ijodnynjfzg6pajray343ungoq	182	3	results	result	NNS
work_ijodnynjfzg6pajray343ungoq	182	4	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	182	5	obtained	obtain	VBN
work_ijodnynjfzg6pajray343ungoq	182	6	under	under	IN
work_ijodnynjfzg6pajray343ungoq	182	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	182	8	assumption	assumption	NN
work_ijodnynjfzg6pajray343ungoq	182	9	that	that	IN
work_ijodnynjfzg6pajray343ungoq	182	10	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	182	11	inflows	inflow	NNS
work_ijodnynjfzg6pajray343ungoq	182	12	can	can	MD
work_ijodnynjfzg6pajray343ungoq	182	13	be	be	VB
work_ijodnynjfzg6pajray343ungoq	182	14	generated	generate	VBN
work_ijodnynjfzg6pajray343ungoq	182	15	with	with	IN
work_ijodnynjfzg6pajray343ungoq	182	16	certainty	certainty	NN
work_ijodnynjfzg6pajray343ungoq	182	17	.	.	.
work_ijodnynjfzg6pajray343ungoq	183	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	183	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	183	3	this	this	DT
work_ijodnynjfzg6pajray343ungoq	183	4	assumption	assumption	NN
work_ijodnynjfzg6pajray343ungoq	183	5	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	183	6	unrealistic	unrealistic	JJ
work_ijodnynjfzg6pajray343ungoq	183	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	184	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	184	2	fact	fact	NN
work_ijodnynjfzg6pajray343ungoq	184	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	184	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	184	5	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	184	6	inflows	inflow	NNS
work_ijodnynjfzg6pajray343ungoq	184	7	will	will	MD
work_ijodnynjfzg6pajray343ungoq	184	8	vary	vary	VB
work_ijodnynjfzg6pajray343ungoq	184	9	with	with	IN
work_ijodnynjfzg6pajray343ungoq	184	10	fluctuations	fluctuation	NNS
work_ijodnynjfzg6pajray343ungoq	184	11	in	in	IN
work_ijodnynjfzg6pajray343ungoq	184	12	market	market	NN
work_ijodnynjfzg6pajray343ungoq	184	13	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	184	14	,	,	,
work_ijodnynjfzg6pajray343ungoq	184	15	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	184	16	as	as	IN
work_ijodnynjfzg6pajray343ungoq	184	17	the	the	DT
work_ijodnynjfzg6pajray343ungoq	184	18	market	market	NN
work_ijodnynjfzg6pajray343ungoq	184	19	demand	demand	NN
work_ijodnynjfzg6pajray343ungoq	184	20	of	of	IN
work_ijodnynjfzg6pajray343ungoq	184	21	the	the	DT
work_ijodnynjfzg6pajray343ungoq	184	22	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	184	23	product	product	NN
work_ijodnynjfzg6pajray343ungoq	184	24	.	.	.
work_ijodnynjfzg6pajray343ungoq	185	1	Fig	fig	NN
work_ijodnynjfzg6pajray343ungoq	185	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	186	1	4	4	LS
work_ijodnynjfzg6pajray343ungoq	186	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	187	1	Binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	187	2	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	187	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	187	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	187	5	project	project	NN
work_ijodnynjfzg6pajray343ungoq	187	6	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	187	7	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	187	8	inflows	inflow	NNS
work_ijodnynjfzg6pajray343ungoq	187	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	188	1	Fig	fig	NN
work_ijodnynjfzg6pajray343ungoq	188	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	189	1	5	5	CD
work_ijodnynjfzg6pajray343ungoq	189	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	190	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	190	2	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	190	3	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	190	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	190	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	190	6	project	project	NN
work_ijodnynjfzg6pajray343ungoq	190	7	with	with	IN
work_ijodnynjfzg6pajray343ungoq	190	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	190	9	option	option	NN
work_ijodnynjfzg6pajray343ungoq	190	10	to	to	TO
work_ijodnynjfzg6pajray343ungoq	190	11	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	190	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	191	1	Fig	fig	NN
work_ijodnynjfzg6pajray343ungoq	191	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	192	1	6	6	CD
work_ijodnynjfzg6pajray343ungoq	192	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	193	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	193	2	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	193	3	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	193	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	193	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	193	6	project	project	NN
work_ijodnynjfzg6pajray343ungoq	193	7	with	with	IN
work_ijodnynjfzg6pajray343ungoq	193	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	193	9	option	option	NN
work_ijodnynjfzg6pajray343ungoq	193	10	to	to	TO
work_ijodnynjfzg6pajray343ungoq	193	11	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	193	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	194	1	15300	15300	CD
work_ijodnynjfzg6pajray343ungoq	194	2	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	194	3	Ho	Ho	NNP
work_ijodnynjfzg6pajray343ungoq	194	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	194	5	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	194	6	Liao	Liao	NNP
work_ijodnynjfzg6pajray343ungoq	194	7	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	194	8	Expert	Expert	NNP
work_ijodnynjfzg6pajray343ungoq	194	9	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	194	10	with	with	IN
work_ijodnynjfzg6pajray343ungoq	194	11	Applications	Applications	NNP
work_ijodnynjfzg6pajray343ungoq	194	12	38	38	CD
work_ijodnynjfzg6pajray343ungoq	194	13	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	194	14	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	194	15	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	194	16	15296–15302	15296–15302	CD
work_ijodnynjfzg6pajray343ungoq	194	17	According	accord	VBG
work_ijodnynjfzg6pajray343ungoq	194	18	to	to	IN
work_ijodnynjfzg6pajray343ungoq	194	19	experts	expert	NNS
work_ijodnynjfzg6pajray343ungoq	194	20	’	’	POS
work_ijodnynjfzg6pajray343ungoq	194	21	estimation	estimation	NN
work_ijodnynjfzg6pajray343ungoq	194	22	,	,	,
work_ijodnynjfzg6pajray343ungoq	194	23	the	the	DT
work_ijodnynjfzg6pajray343ungoq	194	24	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	194	25	product	product	NN
work_ijodnynjfzg6pajray343ungoq	194	26	may	may	MD
work_ijodnynjfzg6pajray343ungoq	194	27	have	have	VB
work_ijodnynjfzg6pajray343ungoq	194	28	a	a	DT
work_ijodnynjfzg6pajray343ungoq	194	29	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	194	30	of	of	IN
work_ijodnynjfzg6pajray343ungoq	194	31	20	20	CD
work_ijodnynjfzg6pajray343ungoq	194	32	%	%	NN
work_ijodnynjfzg6pajray343ungoq	194	33	�	�	,
work_ijodnynjfzg6pajray343ungoq	194	34	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	194	35	1	1	CD
work_ijodnynjfzg6pajray343ungoq	194	36	±	±	$
work_ijodnynjfzg6pajray343ungoq	194	37	5	5	CD
work_ijodnynjfzg6pajray343ungoq	194	38	%	%	NN
work_ijodnynjfzg6pajray343ungoq	194	39	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	194	40	fluctuation	fluctuation	NN
work_ijodnynjfzg6pajray343ungoq	194	41	per	per	IN
work_ijodnynjfzg6pajray343ungoq	194	42	year	year	NN
work_ijodnynjfzg6pajray343ungoq	194	43	with	with	IN
work_ijodnynjfzg6pajray343ungoq	194	44	regard	regard	NN
work_ijodnynjfzg6pajray343ungoq	194	45	to	to	IN
work_ijodnynjfzg6pajray343ungoq	194	46	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	194	47	market	market	NN
work_ijodnynjfzg6pajray343ungoq	194	48	demand	demand	NN
work_ijodnynjfzg6pajray343ungoq	194	49	.	.	.
work_ijodnynjfzg6pajray343ungoq	195	1	Since	since	IN
work_ijodnynjfzg6pajray343ungoq	195	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	195	3	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	195	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	195	5	estimated	estimate	VBN
work_ijodnynjfzg6pajray343ungoq	195	6	under	under	IN
work_ijodnynjfzg6pajray343ungoq	195	7	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	195	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	195	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	195	10	trian-	trian-	JJ
work_ijodnynjfzg6pajray343ungoq	195	11	gular	gular	JJ
work_ijodnynjfzg6pajray343ungoq	195	12	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	195	13	number	number	NN
work_ijodnynjfzg6pajray343ungoq	195	14	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	195	15	employed	employ	VBN
work_ijodnynjfzg6pajray343ungoq	195	16	to	to	TO
work_ijodnynjfzg6pajray343ungoq	195	17	characterize	characterize	VB
work_ijodnynjfzg6pajray343ungoq	195	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	195	19	possibilistic	possibilistic	JJ
work_ijodnynjfzg6pajray343ungoq	195	20	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	195	21	of	of	IN
work_ijodnynjfzg6pajray343ungoq	195	22	the	the	DT
work_ijodnynjfzg6pajray343ungoq	195	23	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	195	24	.	.	.
work_ijodnynjfzg6pajray343ungoq	196	1	Based	base	VBN
work_ijodnynjfzg6pajray343ungoq	196	2	on	on	IN
work_ijodnynjfzg6pajray343ungoq	196	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	196	4	estimation	estimation	NN
work_ijodnynjfzg6pajray343ungoq	196	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	196	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	196	7	triangular	triangular	JJ
work_ijodnynjfzg6pajray343ungoq	196	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	196	9	number	number	NN
work_ijodnynjfzg6pajray343ungoq	196	10	~q	~q	.
work_ijodnynjfzg6pajray343ungoq	196	11	¼	¼	FW
work_ijodnynjfzg6pajray343ungoq	196	12	½ð1	½ð1	:
work_ijodnynjfzg6pajray343ungoq	196	13	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	196	14	0:05Þ	0:05þ	CD
work_ijodnynjfzg6pajray343ungoq	196	15	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	196	16	0:2	0:2	NFP
work_ijodnynjfzg6pajray343ungoq	196	17	;	;	:
work_ijodnynjfzg6pajray343ungoq	196	18	0:2	0:2	ADD
work_ijodnynjfzg6pajray343ungoq	196	19	;	;	:
work_ijodnynjfzg6pajray343ungoq	196	20	ð1	ð1	NNP
work_ijodnynjfzg6pajray343ungoq	196	21	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	196	22	0:05Þ	0:05þ	CD
work_ijodnynjfzg6pajray343ungoq	196	23	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	196	24	0:2	0:2	NFP
work_ijodnynjfzg6pajray343ungoq	196	25	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	196	26	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	196	27	½0:19	½0:19	NNP
work_ijodnynjfzg6pajray343ungoq	196	28	;	;	:
work_ijodnynjfzg6pajray343ungoq	196	29	0:25em0:2	0:25em0:2	ADD
work_ijodnynjfzg6pajray343ungoq	196	30	;	;	:
work_ijodnynjfzg6pajray343ungoq	196	31	0:21	0:21	CD
work_ijodnynjfzg6pajray343ungoq	196	32	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	196	33	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	196	34	used	use	VBN
work_ijodnynjfzg6pajray343ungoq	196	35	to	to	TO
work_ijodnynjfzg6pajray343ungoq	196	36	express	express	VB
work_ijodnynjfzg6pajray343ungoq	196	37	the	the	DT
work_ijodnynjfzg6pajray343ungoq	196	38	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	196	39	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	196	40	.	.	.
work_ijodnynjfzg6pajray343ungoq	197	1	From	from	IN
work_ijodnynjfzg6pajray343ungoq	197	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	197	3	fuz-	fuz-	NNP
work_ijodnynjfzg6pajray343ungoq	197	4	zy	zy	NNP
work_ijodnynjfzg6pajray343ungoq	197	5	volatility	volatility	NN
work_ijodnynjfzg6pajray343ungoq	197	6	~q	~q	NNP
work_ijodnynjfzg6pajray343ungoq	197	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	197	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	197	9	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	197	10	jumping	jumping	NN
work_ijodnynjfzg6pajray343ungoq	197	11	factors	factor	NNS
work_ijodnynjfzg6pajray343ungoq	197	12	~u	~u	NNP
work_ijodnynjfzg6pajray343ungoq	197	13	and	and	CC
work_ijodnynjfzg6pajray343ungoq	197	14	~d	~d	NNP
work_ijodnynjfzg6pajray343ungoq	197	15	can	can	MD
work_ijodnynjfzg6pajray343ungoq	197	16	be	be	VB
work_ijodnynjfzg6pajray343ungoq	197	17	determined	determine	VBN
work_ijodnynjfzg6pajray343ungoq	197	18	as	as	IN
work_ijodnynjfzg6pajray343ungoq	197	19	~u	~u	NNP
work_ijodnynjfzg6pajray343ungoq	197	20	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	197	21	expð	expð	NNP
work_ijodnynjfzg6pajray343ungoq	197	22	~	~	NFP
work_ijodnynjfzg6pajray343ungoq	197	23	q	q	NNP
work_ijodnynjfzg6pajray343ungoq	197	24	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	197	25	ffiffiffi	ffiffiffi	NNP
work_ijodnynjfzg6pajray343ungoq	197	26	s	s	NNP
work_ijodnynjfzg6pajray343ungoq	197	27	p	p	NNP
work_ijodnynjfzg6pajray343ungoq	197	28	Þ	Þ	NNP
work_ijodnynjfzg6pajray343ungoq	197	29	and	and	CC
work_ijodnynjfzg6pajray343ungoq	197	30	~d	~d	NNP
work_ijodnynjfzg6pajray343ungoq	197	31	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	197	32	1=~u	1=~u	CD
work_ijodnynjfzg6pajray343ungoq	197	33	,	,	,
work_ijodnynjfzg6pajray343ungoq	197	34	where	where	WRB
work_ijodnynjfzg6pajray343ungoq	197	35	s	s	NNP
work_ijodnynjfzg6pajray343ungoq	197	36	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	197	37	the	the	DT
work_ijodnynjfzg6pajray343ungoq	197	38	chosen	choose	VBN
work_ijodnynjfzg6pajray343ungoq	197	39	time	time	NN
work_ijodnynjfzg6pajray343ungoq	197	40	interval	interval	NNP
work_ijodnynjfzg6pajray343ungoq	197	41	expressed	express	VBN
work_ijodnynjfzg6pajray343ungoq	197	42	in	in	IN
work_ijodnynjfzg6pajray343ungoq	197	43	the	the	DT
work_ijodnynjfzg6pajray343ungoq	197	44	same	same	JJ
work_ijodnynjfzg6pajray343ungoq	197	45	unit	unit	NN
work_ijodnynjfzg6pajray343ungoq	197	46	as	as	IN
work_ijodnynjfzg6pajray343ungoq	197	47	~q	~q	NNP
work_ijodnynjfzg6pajray343ungoq	197	48	and	and	CC
work_ijodnynjfzg6pajray343ungoq	197	49	exp	exp	NN
work_ijodnynjfzg6pajray343ungoq	197	50	denotes	denote	VBZ
work_ijodnynjfzg6pajray343ungoq	197	51	the	the	DT
work_ijodnynjfzg6pajray343ungoq	197	52	exponential	exponential	JJ
work_ijodnynjfzg6pajray343ungoq	197	53	function	function	NN
work_ijodnynjfzg6pajray343ungoq	197	54	.	.	.
work_ijodnynjfzg6pajray343ungoq	198	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	198	2	this	this	DT
work_ijodnynjfzg6pajray343ungoq	198	3	case	case	NN
work_ijodnynjfzg6pajray343ungoq	198	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	198	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	198	6	value	value	NN
work_ijodnynjfzg6pajray343ungoq	198	7	of	of	IN
work_ijodnynjfzg6pajray343ungoq	198	8	s	s	POS
work_ijodnynjfzg6pajray343ungoq	198	9	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	198	10	0.5	0.5	CD
work_ijodnynjfzg6pajray343ungoq	198	11	because	because	IN
work_ijodnynjfzg6pajray343ungoq	198	12	there	there	EX
work_ijodnynjfzg6pajray343ungoq	198	13	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	198	14	six	six	CD
work_ijodnynjfzg6pajray343ungoq	198	15	months	month	NNS
work_ijodnynjfzg6pajray343ungoq	198	16	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	198	17	0.5	0.5	CD
work_ijodnynjfzg6pajray343ungoq	198	18	y	y	NN
work_ijodnynjfzg6pajray343ungoq	198	19	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	198	20	in	in	IN
work_ijodnynjfzg6pajray343ungoq	198	21	each	each	DT
work_ijodnynjfzg6pajray343ungoq	198	22	period	period	NN
work_ijodnynjfzg6pajray343ungoq	198	23	.	.	.
work_ijodnynjfzg6pajray343ungoq	199	1	As	as	IN
work_ijodnynjfzg6pajray343ungoq	199	2	a	a	DT
work_ijodnynjfzg6pajray343ungoq	199	3	result	result	NN
work_ijodnynjfzg6pajray343ungoq	199	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	199	5	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	199	6	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	199	7	~u	~u	VBN
work_ijodnynjfzg6pajray343ungoq	199	8	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	199	9	½1:1438	½1:1438	NNP
work_ijodnynjfzg6pajray343ungoq	199	10	;	;	:
work_ijodnynjfzg6pajray343ungoq	199	11	1:1519	1:1519	CD
work_ijodnynjfzg6pajray343ungoq	199	12	;	;	:
work_ijodnynjfzg6pajray343ungoq	199	13	1:1601	1:1601	ADD
work_ijodnynjfzg6pajray343ungoq	199	14	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	199	15	and	and	CC
work_ijodnynjfzg6pajray343ungoq	199	16	~d	~d	NNP
work_ijodnynjfzg6pajray343ungoq	199	17	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	199	18	½0:8620	½0:8620	NNP
work_ijodnynjfzg6pajray343ungoq	199	19	;	;	:
work_ijodnynjfzg6pajray343ungoq	199	20	0:8681	0:8681	ADD
work_ijodnynjfzg6pajray343ungoq	199	21	;	;	:
work_ijodnynjfzg6pajray343ungoq	199	22	0:8743	0:8743	ADD
work_ijodnynjfzg6pajray343ungoq	199	23	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	199	24	.	.	.
work_ijodnynjfzg6pajray343ungoq	200	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	200	2	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	200	3	risk-	risk-	NN
work_ijodnynjfzg6pajray343ungoq	200	4	neutral	neutral	JJ
work_ijodnynjfzg6pajray343ungoq	200	5	probabilities	probability	NNS
work_ijodnynjfzg6pajray343ungoq	200	6	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	200	7	eP	eP	NNP
work_ijodnynjfzg6pajray343ungoq	200	8	u	u	NNP
work_ijodnynjfzg6pajray343ungoq	200	9	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	200	10	½0:5448	½0:5448	NNP
work_ijodnynjfzg6pajray343ungoq	200	11	;	;	:
work_ijodnynjfzg6pajray343ungoq	200	12	0:5704	0:5704	ADD
work_ijodnynjfzg6pajray343ungoq	200	13	;	;	:
work_ijodnynjfzg6pajray343ungoq	200	14	0:5962	0:5962	NFP
work_ijodnynjfzg6pajray343ungoq	200	15	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	200	16	and	and	CC
work_ijodnynjfzg6pajray343ungoq	200	17	eP	eP	NNP
work_ijodnynjfzg6pajray343ungoq	200	18	d	d	NNP
work_ijodnynjfzg6pajray343ungoq	200	19	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	200	20	½0:4038	½0:4038	NNP
work_ijodnynjfzg6pajray343ungoq	200	21	;	;	:
work_ijodnynjfzg6pajray343ungoq	200	22	0:4296	0:4296	ADD
work_ijodnynjfzg6pajray343ungoq	200	23	;	;	:
work_ijodnynjfzg6pajray343ungoq	200	24	0:4552	0:4552	.
work_ijodnynjfzg6pajray343ungoq	200	25	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	200	26	,	,	,
work_ijodnynjfzg6pajray343ungoq	200	27	respectively	respectively	RB
work_ijodnynjfzg6pajray343ungoq	200	28	.	.	.
work_ijodnynjfzg6pajray343ungoq	201	1	With	with	IN
work_ijodnynjfzg6pajray343ungoq	201	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	201	3	above	above	JJ
work_ijodnynjfzg6pajray343ungoq	201	4	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	201	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	201	6	a	a	DT
work_ijodnynjfzg6pajray343ungoq	201	7	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	201	8	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	201	9	of	of	IN
work_ijodnynjfzg6pajray343ungoq	201	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	201	11	project	project	NN
work_ijodnynjfzg6pajray343ungoq	201	12	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	201	13	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	201	14	inflows	inflow	NNS
work_ijodnynjfzg6pajray343ungoq	201	15	can	can	MD
work_ijodnynjfzg6pajray343ungoq	201	16	be	be	VB
work_ijodnynjfzg6pajray343ungoq	201	17	established	establish	VBN
work_ijodnynjfzg6pajray343ungoq	201	18	,	,	,
work_ijodnynjfzg6pajray343ungoq	201	19	as	as	IN
work_ijodnynjfzg6pajray343ungoq	201	20	shown	show	VBN
work_ijodnynjfzg6pajray343ungoq	201	21	in	in	IN
work_ijodnynjfzg6pajray343ungoq	201	22	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	201	23	.	.	.
work_ijodnynjfzg6pajray343ungoq	202	1	4	4	LS
work_ijodnynjfzg6pajray343ungoq	202	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	203	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	203	2	For	for	IN
work_ijodnynjfzg6pajray343ungoq	203	3	simplicity	simplicity	NN
work_ijodnynjfzg6pajray343ungoq	203	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	203	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	203	6	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	203	7	in	in	IN
work_ijodnynjfzg6pajray343ungoq	203	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	203	9	binomial	binomial	NN
work_ijodnynjfzg6pajray343ungoq	203	10	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	203	11	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	203	12	represented	represent	VBN
work_ijodnynjfzg6pajray343ungoq	203	13	to	to	IN
work_ijodnynjfzg6pajray343ungoq	203	14	two	two	CD
work_ijodnynjfzg6pajray343ungoq	203	15	digits	digit	NNS
work_ijodnynjfzg6pajray343ungoq	203	16	after	after	IN
work_ijodnynjfzg6pajray343ungoq	203	17	the	the	DT
work_ijodnynjfzg6pajray343ungoq	203	18	decimal	decimal	JJ
work_ijodnynjfzg6pajray343ungoq	203	19	point	point	NN
work_ijodnynjfzg6pajray343ungoq	203	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	203	21	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	204	1	Nevertheless	nevertheless	RB
work_ijodnynjfzg6pajray343ungoq	204	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	204	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	204	4	project	project	NN
work_ijodnynjfzg6pajray343ungoq	204	5	may	may	MD
work_ijodnynjfzg6pajray343ungoq	204	6	have	have	VB
work_ijodnynjfzg6pajray343ungoq	204	7	some	some	DT
work_ijodnynjfzg6pajray343ungoq	204	8	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	204	9	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	204	10	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	204	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	204	12	project	project	NN
work_ijodnynjfzg6pajray343ungoq	204	13	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	204	14	undertaken	undertake	VBN
work_ijodnynjfzg6pajray343ungoq	204	15	.	.	.
work_ijodnynjfzg6pajray343ungoq	205	1	For	for	IN
work_ijodnynjfzg6pajray343ungoq	205	2	instance	instance	NN
work_ijodnynjfzg6pajray343ungoq	205	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	205	4	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	205	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	205	6	market	market	NN
work_ijodnynjfzg6pajray343ungoq	205	7	con-	con-	NN
work_ijodnynjfzg6pajray343ungoq	205	8	ditions	dition	NNS
work_ijodnynjfzg6pajray343ungoq	205	9	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	205	10	unfavorable	unfavorable	JJ
work_ijodnynjfzg6pajray343ungoq	205	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	205	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	205	13	project	project	NN
work_ijodnynjfzg6pajray343ungoq	205	14	can	can	MD
work_ijodnynjfzg6pajray343ungoq	205	15	be	be	VB
work_ijodnynjfzg6pajray343ungoq	205	16	deferred	defer	VBN
work_ijodnynjfzg6pajray343ungoq	205	17	one	one	CD
work_ijodnynjfzg6pajray343ungoq	205	18	period	period	NN
work_ijodnynjfzg6pajray343ungoq	205	19	to	to	TO
work_ijodnynjfzg6pajray343ungoq	205	20	undertake	undertake	VB
work_ijodnynjfzg6pajray343ungoq	205	21	or	or	CC
work_ijodnynjfzg6pajray343ungoq	205	22	the	the	DT
work_ijodnynjfzg6pajray343ungoq	205	23	project	project	NN
work_ijodnynjfzg6pajray343ungoq	205	24	can	can	MD
work_ijodnynjfzg6pajray343ungoq	205	25	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	205	26	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	205	27	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	205	28	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	205	29	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	205	30	to	to	TO
work_ijodnynjfzg6pajray343ungoq	205	31	prevent	prevent	VB
work_ijodnynjfzg6pajray343ungoq	205	32	losses	loss	NNS
work_ijodnynjfzg6pajray343ungoq	205	33	from	from	IN
work_ijodnynjfzg6pajray343ungoq	205	34	mass	mass	NN
work_ijodnynjfzg6pajray343ungoq	205	35	production	production	NN
work_ijodnynjfzg6pajray343ungoq	205	36	.	.	.
work_ijodnynjfzg6pajray343ungoq	206	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	206	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	206	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	206	4	project	project	NN
work_ijodnynjfzg6pajray343ungoq	206	5	with	with	IN
work_ijodnynjfzg6pajray343ungoq	206	6	deferring	deferring	NN
work_ijodnynjfzg6pajray343ungoq	206	7	option	option	NN
work_ijodnynjfzg6pajray343ungoq	206	8	and	and	CC
work_ijodnynjfzg6pajray343ungoq	206	9	abandoning	abandon	VBG
work_ijodnynjfzg6pajray343ungoq	206	10	option	option	NN
work_ijodnynjfzg6pajray343ungoq	206	11	will	will	MD
work_ijodnynjfzg6pajray343ungoq	206	12	be	be	VB
work_ijodnynjfzg6pajray343ungoq	206	13	evaluated	evaluate	VBN
work_ijodnynjfzg6pajray343ungoq	206	14	in	in	IN
work_ijodnynjfzg6pajray343ungoq	206	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	206	16	following	following	JJ
work_ijodnynjfzg6pajray343ungoq	206	17	subsections	subsection	NNS
work_ijodnynjfzg6pajray343ungoq	206	18	,	,	,
work_ijodnynjfzg6pajray343ungoq	206	19	respectively	respectively	RB
work_ijodnynjfzg6pajray343ungoq	206	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	207	1	Moreover	moreover	RB
work_ijodnynjfzg6pajray343ungoq	207	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	207	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	207	4	project	project	NN
work_ijodnynjfzg6pajray343ungoq	207	5	with	with	IN
work_ijodnynjfzg6pajray343ungoq	207	6	a	a	DT
work_ijodnynjfzg6pajray343ungoq	207	7	sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	207	8	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	207	9	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	207	10	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	207	11	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	207	12	combined	combine	VBN
work_ijodnynjfzg6pajray343ungoq	207	13	with	with	IN
work_ijodnynjfzg6pajray343ungoq	207	14	deferring	deferring	NN
work_ijodnynjfzg6pajray343ungoq	207	15	option	option	NN
work_ijodnynjfzg6pajray343ungoq	207	16	and	and	CC
work_ijodnynjfzg6pajray343ungoq	207	17	abandoning	abandon	VBG
work_ijodnynjfzg6pajray343ungoq	207	18	option	option	NN
work_ijodnynjfzg6pajray343ungoq	207	19	will	will	MD
work_ijodnynjfzg6pajray343ungoq	207	20	also	also	RB
work_ijodnynjfzg6pajray343ungoq	207	21	be	be	VB
work_ijodnynjfzg6pajray343ungoq	207	22	evaluated	evaluate	VBN
work_ijodnynjfzg6pajray343ungoq	207	23	.	.	.
work_ijodnynjfzg6pajray343ungoq	208	1	4.1	4.1	CD
work_ijodnynjfzg6pajray343ungoq	208	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	209	1	Option	option	NN
work_ijodnynjfzg6pajray343ungoq	209	2	to	to	TO
work_ijodnynjfzg6pajray343ungoq	209	3	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	209	4	First	first	RB
work_ijodnynjfzg6pajray343ungoq	209	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	209	6	all	all	DT
work_ijodnynjfzg6pajray343ungoq	209	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	209	8	considering	consider	VBG
work_ijodnynjfzg6pajray343ungoq	209	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	209	10	situation	situation	NN
work_ijodnynjfzg6pajray343ungoq	209	11	that	that	IN
work_ijodnynjfzg6pajray343ungoq	209	12	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	209	13	maker	maker	NN
work_ijodnynjfzg6pajray343ungoq	209	14	defers	defer	NNS
work_ijodnynjfzg6pajray343ungoq	209	15	one	one	CD
work_ijodnynjfzg6pajray343ungoq	209	16	period	period	NN
work_ijodnynjfzg6pajray343ungoq	209	17	to	to	TO
work_ijodnynjfzg6pajray343ungoq	209	18	undertake	undertake	VB
work_ijodnynjfzg6pajray343ungoq	209	19	the	the	DT
work_ijodnynjfzg6pajray343ungoq	209	20	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	209	21	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	209	22	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	209	23	and	and	CC
work_ijodnynjfzg6pajray343ungoq	209	24	commits	commit	NNS
work_ijodnynjfzg6pajray343ungoq	209	25	to	to	TO
work_ijodnynjfzg6pajray343ungoq	209	26	undertake	undertake	VB
work_ijodnynjfzg6pajray343ungoq	209	27	the	the	DT
work_ijodnynjfzg6pajray343ungoq	209	28	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	209	29	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	209	30	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	209	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	210	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	210	2	this	this	DT
work_ijodnynjfzg6pajray343ungoq	210	3	case	case	NN
work_ijodnynjfzg6pajray343ungoq	210	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	210	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	210	6	project	project	NN
work_ijodnynjfzg6pajray343ungoq	210	7	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	210	8	total	total	JJ
work_ijodnynjfzg6pajray343ungoq	210	9	outlay	outlay	NN
work_ijodnynjfzg6pajray343ungoq	210	10	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	210	11	discounted	discount	VBD
work_ijodnynjfzg6pajray343ungoq	210	12	to	to	TO
work_ijodnynjfzg6pajray343ungoq	210	13	period	period	VB
work_ijodnynjfzg6pajray343ungoq	210	14	one	one	CD
work_ijodnynjfzg6pajray343ungoq	210	15	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	210	16	calculated	calculate	VBN
work_ijodnynjfzg6pajray343ungoq	210	17	as	as	IN
work_ijodnynjfzg6pajray343ungoq	210	18	follows	follow	VBZ
work_ijodnynjfzg6pajray343ungoq	210	19	:	:	:
work_ijodnynjfzg6pajray343ungoq	210	20	I	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	210	21	defer	defer	VBP
work_ijodnynjfzg6pajray343ungoq	210	22	¼	¼	RB
work_ijodnynjfzg6pajray343ungoq	210	23	40	40	CD
work_ijodnynjfzg6pajray343ungoq	210	24	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	210	25	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	210	26	þ	þ	DT
work_ijodnynjfzg6pajray343ungoq	210	27	0:03Þþ	0:03þþ	CD
work_ijodnynjfzg6pajray343ungoq	210	28	80	80	CD
work_ijodnynjfzg6pajray343ungoq	210	29	ð1	ð1	NN
work_ijodnynjfzg6pajray343ungoq	210	30	þ	þ	NNP
work_ijodnynjfzg6pajray343ungoq	210	31	0:03Þ3	0:03Þ3	NNP
work_ijodnynjfzg6pajray343ungoq	210	32	¼	¼	RB
work_ijodnynjfzg6pajray343ungoq	210	33	114:41	114:41	CD
work_ijodnynjfzg6pajray343ungoq	210	34	The	the	DT
work_ijodnynjfzg6pajray343ungoq	210	35	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	210	36	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	210	37	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	210	38	shown	show	VBN
work_ijodnynjfzg6pajray343ungoq	210	39	in	in	IN
work_ijodnynjfzg6pajray343ungoq	210	40	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	210	41	.	.	.
work_ijodnynjfzg6pajray343ungoq	211	1	5	5	CD
work_ijodnynjfzg6pajray343ungoq	211	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	211	3	where	where	WRB
work_ijodnynjfzg6pajray343ungoq	211	4	V	V	NNP
work_ijodnynjfzg6pajray343ungoq	211	5	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	211	6	100,eI	100,eI	NNP
work_ijodnynjfzg6pajray343ungoq	211	7	defer	defer	NN
work_ijodnynjfzg6pajray343ungoq	211	8	¼	¼	JJ
work_ijodnynjfzg6pajray343ungoq	211	9	½114:41	½114:41	NNP
work_ijodnynjfzg6pajray343ungoq	211	10	;	;	:
work_ijodnynjfzg6pajray343ungoq	211	11	114:41	114:41	CD
work_ijodnynjfzg6pajray343ungoq	211	12	;	;	:
work_ijodnynjfzg6pajray343ungoq	211	13	114:41	114:41	CD
work_ijodnynjfzg6pajray343ungoq	211	14	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	211	15	and	and	CC
work_ijodnynjfzg6pajray343ungoq	211	16	~0	~0	NFP
work_ijodnynjfzg6pajray343ungoq	211	17	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	211	18	½0	½0	NNP
work_ijodnynjfzg6pajray343ungoq	211	19	;	;	:
work_ijodnynjfzg6pajray343ungoq	211	20	0	0	CD
work_ijodnynjfzg6pajray343ungoq	211	21	;	;	:
work_ijodnynjfzg6pajray343ungoq	211	22	0	0	CD
work_ijodnynjfzg6pajray343ungoq	211	23	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	211	24	.	.	.
work_ijodnynjfzg6pajray343ungoq	212	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	212	2	root	root	NN
work_ijodnynjfzg6pajray343ungoq	212	3	value	value	NN
work_ijodnynjfzg6pajray343ungoq	212	4	in	in	IN
work_ijodnynjfzg6pajray343ungoq	212	5	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	212	6	.	.	.
work_ijodnynjfzg6pajray343ungoq	213	1	5	5	CD
work_ijodnynjfzg6pajray343ungoq	213	2	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	213	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	213	4	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	213	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	213	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	213	7	project	project	NN
work_ijodnynjfzg6pajray343ungoq	213	8	with	with	IN
work_ijodnynjfzg6pajray343ungoq	213	9	deferring	deferring	NN
work_ijodnynjfzg6pajray343ungoq	213	10	option	option	NN
work_ijodnynjfzg6pajray343ungoq	213	11	and	and	CC
work_ijodnynjfzg6pajray343ungoq	213	12	can	can	MD
work_ijodnynjfzg6pajray343ungoq	213	13	be	be	VB
work_ijodnynjfzg6pajray343ungoq	213	14	calculated	calculate	VBN
work_ijodnynjfzg6pajray343ungoq	213	15	as	as	IN
work_ijodnynjfzg6pajray343ungoq	213	16	follows	follow	VBZ
work_ijodnynjfzg6pajray343ungoq	213	17	:	:	:
work_ijodnynjfzg6pajray343ungoq	213	18	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	213	19	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	213	20	eP	eP	NNP
work_ijodnynjfzg6pajray343ungoq	213	21	u	u	NNP
work_ijodnynjfzg6pajray343ungoq	213	22	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	213	23	½eC	½ec	CD
work_ijodnynjfzg6pajray343ungoq	213	24	1u	1u	NNP
work_ijodnynjfzg6pajray343ungoq	213	25	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	213	26	eP	eP	NNP
work_ijodnynjfzg6pajray343ungoq	213	27	d	d	DT
work_ijodnynjfzg6pajray343ungoq	213	28	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	213	29	eC	eC	NNP
work_ijodnynjfzg6pajray343ungoq	213	30	1dh	1dh	NN
work_ijodnynjfzg6pajray343ungoq	213	31	i	i	NNP
work_ijodnynjfzg6pajray343ungoq	213	32	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	213	33	ð1	ð1	NNP
work_ijodnynjfzg6pajray343ungoq	213	34	þ	þ	NN
work_ijodnynjfzg6pajray343ungoq	213	35	0:03Þ¼	0:03þ¼	CD
work_ijodnynjfzg6pajray343ungoq	213	36	½0	½0	NNS
work_ijodnynjfzg6pajray343ungoq	213	37	;	;	:
work_ijodnynjfzg6pajray343ungoq	213	38	0:43	0:43	CD
work_ijodnynjfzg6pajray343ungoq	213	39	;	;	:
work_ijodnynjfzg6pajray343ungoq	213	40	0:92	0:92	CD
work_ijodnynjfzg6pajray343ungoq	213	41	�	�	.
work_ijodnynjfzg6pajray343ungoq	213	42	The	the	DT
work_ijodnynjfzg6pajray343ungoq	213	43	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	213	44	value	value	NN
work_ijodnynjfzg6pajray343ungoq	213	45	of	of	IN
work_ijodnynjfzg6pajray343ungoq	213	46	the	the	DT
work_ijodnynjfzg6pajray343ungoq	213	47	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	213	48	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	213	49	0.46	0.46	CD
work_ijodnynjfzg6pajray343ungoq	213	50	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	213	51	million	million	CD
work_ijodnynjfzg6pajray343ungoq	213	52	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	213	53	,	,	,
work_ijodnynjfzg6pajray343ungoq	213	54	and	and	CC
work_ijodnynjfzg6pajray343ungoq	213	55	the	the	DT
work_ijodnynjfzg6pajray343ungoq	213	56	value	value	NN
work_ijodnynjfzg6pajray343ungoq	213	57	of	of	IN
work_ijodnynjfzg6pajray343ungoq	213	58	the	the	DT
work_ijodnynjfzg6pajray343ungoq	213	59	option	option	NN
work_ijodnynjfzg6pajray343ungoq	213	60	to	to	TO
work_ijodnynjfzg6pajray343ungoq	213	61	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	213	62	the	the	DT
work_ijodnynjfzg6pajray343ungoq	213	63	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	213	64	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	213	65	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	213	66	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	213	67	0.46	0.46	CD
work_ijodnynjfzg6pajray343ungoq	213	68	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	213	69	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	213	70	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	213	71	11.08	11.08	CD
work_ijodnynjfzg6pajray343ungoq	213	72	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	213	73	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	213	74	11.54	11.54	CD
work_ijodnynjfzg6pajray343ungoq	213	75	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	213	76	million	million	CD
work_ijodnynjfzg6pajray343ungoq	213	77	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	213	78	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	213	79	.	.	.
work_ijodnynjfzg6pajray343ungoq	214	1	4.2	4.2	CD
work_ijodnynjfzg6pajray343ungoq	214	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	215	1	Option	option	NN
work_ijodnynjfzg6pajray343ungoq	215	2	to	to	TO
work_ijodnynjfzg6pajray343ungoq	215	3	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	215	4	Furthermore	furthermore	RB
work_ijodnynjfzg6pajray343ungoq	215	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	215	6	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	215	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	215	8	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	215	9	maker	maker	NN
work_ijodnynjfzg6pajray343ungoq	215	10	only	only	RB
work_ijodnynjfzg6pajray343ungoq	215	11	possesses	possess	VBZ
work_ijodnynjfzg6pajray343ungoq	215	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	215	13	option	option	NN
work_ijodnynjfzg6pajray343ungoq	215	14	to	to	TO
work_ijodnynjfzg6pajray343ungoq	215	15	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	215	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	215	17	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	215	18	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	215	19	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	215	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	215	21	this	this	DT
work_ijodnynjfzg6pajray343ungoq	215	22	implies	imply	VBZ
work_ijodnynjfzg6pajray343ungoq	215	23	that	that	IN
work_ijodnynjfzg6pajray343ungoq	215	24	the	the	DT
work_ijodnynjfzg6pajray343ungoq	215	25	deci-	deci-	XX
work_ijodnynjfzg6pajray343ungoq	215	26	sion	sion	NN
work_ijodnynjfzg6pajray343ungoq	215	27	maker	maker	NN
work_ijodnynjfzg6pajray343ungoq	215	28	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	215	29	already	already	RB
work_ijodnynjfzg6pajray343ungoq	215	30	completed	complete	VBN
work_ijodnynjfzg6pajray343ungoq	215	31	the	the	DT
work_ijodnynjfzg6pajray343ungoq	215	32	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	215	33	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	215	34	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	215	35	without	without	IN
work_ijodnynjfzg6pajray343ungoq	215	36	deferring	defer	VBG
work_ijodnynjfzg6pajray343ungoq	215	37	.	.	.
work_ijodnynjfzg6pajray343ungoq	216	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	216	2	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	216	3	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	216	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	216	5	shown	show	VBN
work_ijodnynjfzg6pajray343ungoq	216	6	in	in	IN
work_ijodnynjfzg6pajray343ungoq	216	7	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	216	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	217	1	6	6	CD
work_ijodnynjfzg6pajray343ungoq	217	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	217	3	in	in	IN
work_ijodnynjfzg6pajray343ungoq	217	4	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	217	5	eI	eI	NNP
work_ijodnynjfzg6pajray343ungoq	217	6	2	2	CD
work_ijodnynjfzg6pajray343ungoq	217	7	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	217	8	½80	½80	VBN
work_ijodnynjfzg6pajray343ungoq	217	9	;	;	:
work_ijodnynjfzg6pajray343ungoq	217	10	80	80	CD
work_ijodnynjfzg6pajray343ungoq	217	11	;	;	:
work_ijodnynjfzg6pajray343ungoq	217	12	80	80	CD
work_ijodnynjfzg6pajray343ungoq	217	13	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	217	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	218	1	From	from	IN
work_ijodnynjfzg6pajray343ungoq	218	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	218	3	root	root	NN
work_ijodnynjfzg6pajray343ungoq	218	4	value	value	NN
work_ijodnynjfzg6pajray343ungoq	218	5	in	in	IN
work_ijodnynjfzg6pajray343ungoq	218	6	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	218	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	219	1	6	6	CD
work_ijodnynjfzg6pajray343ungoq	219	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	219	3	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	219	4	can	can	MD
work_ijodnynjfzg6pajray343ungoq	219	5	conclude	conclude	VB
work_ijodnynjfzg6pajray343ungoq	219	6	that	that	IN
work_ijodnynjfzg6pajray343ungoq	219	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	219	8	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	219	9	of	of	IN
work_ijodnynjfzg6pajray343ungoq	219	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	219	11	project	project	NN
work_ijodnynjfzg6pajray343ungoq	219	12	with	with	IN
work_ijodnynjfzg6pajray343ungoq	219	13	option	option	NN
work_ijodnynjfzg6pajray343ungoq	219	14	to	to	TO
work_ijodnynjfzg6pajray343ungoq	219	15	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	219	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	219	17	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	219	18	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	219	19	invest-	invest-	NNP
work_ijodnynjfzg6pajray343ungoq	219	20	ment	ment	NNP
work_ijodnynjfzg6pajray343ungoq	219	21	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	219	22	FENPV	FENPV	VBN
work_ijodnynjfzg6pajray343ungoq	219	23	=	=	NFP
work_ijodnynjfzg6pajray343ungoq	219	24	[	[	-LRB-
work_ijodnynjfzg6pajray343ungoq	219	25	22.95	22.95	CD
work_ijodnynjfzg6pajray343ungoq	219	26	,	,	,
work_ijodnynjfzg6pajray343ungoq	219	27	30.37	30.37	CD
work_ijodnynjfzg6pajray343ungoq	219	28	,	,	,
work_ijodnynjfzg6pajray343ungoq	219	29	39.69	39.69	CD
work_ijodnynjfzg6pajray343ungoq	219	30	]	]	-RRB-
work_ijodnynjfzg6pajray343ungoq	219	31	�	�	ADD
work_ijodnynjfzg6pajray343ungoq	219	32	~I1	~i1	ADD
work_ijodnynjfzg6pajray343ungoq	219	33	=	=	NFP
work_ijodnynjfzg6pajray343ungoq	219	34	[	[	-LRB-
work_ijodnynjfzg6pajray343ungoq	219	35	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	219	36	17.05	17.05	CD
work_ijodnynjfzg6pajray343ungoq	219	37	,	,	,
work_ijodnynjfzg6pajray343ungoq	219	38	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	219	39	9.64	9.64	CD
work_ijodnynjfzg6pajray343ungoq	219	40	,	,	,
work_ijodnynjfzg6pajray343ungoq	219	41	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	219	42	0.31	0.31	LS
work_ijodnynjfzg6pajray343ungoq	219	43	]	]	-RRB-
work_ijodnynjfzg6pajray343ungoq	219	44	,	,	,
work_ijodnynjfzg6pajray343ungoq	219	45	where	where	WRB
work_ijodnynjfzg6pajray343ungoq	219	46	eI	eI	NNP
work_ijodnynjfzg6pajray343ungoq	219	47	1	1	CD
work_ijodnynjfzg6pajray343ungoq	219	48	¼	¼	NN
work_ijodnynjfzg6pajray343ungoq	219	49	½40	½40	NNP
work_ijodnynjfzg6pajray343ungoq	219	50	;	;	:
work_ijodnynjfzg6pajray343ungoq	219	51	40	40	CD
work_ijodnynjfzg6pajray343ungoq	219	52	;	;	:
work_ijodnynjfzg6pajray343ungoq	219	53	40	40	CD
work_ijodnynjfzg6pajray343ungoq	219	54	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	219	55	.	.	.
work_ijodnynjfzg6pajray343ungoq	220	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	220	2	this	this	DT
work_ijodnynjfzg6pajray343ungoq	220	3	case	case	NN
work_ijodnynjfzg6pajray343ungoq	220	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	220	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	220	6	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	220	7	value	value	NN
work_ijodnynjfzg6pajray343ungoq	220	8	of	of	IN
work_ijodnynjfzg6pajray343ungoq	220	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	220	10	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	220	11	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	220	12	�	�	,
work_ijodnynjfzg6pajray343ungoq	220	13	8.68	8.68	CD
work_ijodnynjfzg6pajray343ungoq	220	14	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	220	15	million	million	CD
work_ijodnynjfzg6pajray343ungoq	220	16	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	220	17	,	,	,
work_ijodnynjfzg6pajray343ungoq	220	18	and	and	CC
work_ijodnynjfzg6pajray343ungoq	220	19	thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	220	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	220	21	the	the	DT
work_ijodnynjfzg6pajray343ungoq	220	22	value	value	NN
work_ijodnynjfzg6pajray343ungoq	220	23	of	of	IN
work_ijodnynjfzg6pajray343ungoq	220	24	the	the	DT
work_ijodnynjfzg6pajray343ungoq	220	25	option	option	NN
work_ijodnynjfzg6pajray343ungoq	220	26	to	to	TO
work_ijodnynjfzg6pajray343ungoq	220	27	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	220	28	the	the	DT
work_ijodnynjfzg6pajray343ungoq	220	29	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	220	30	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	220	31	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	220	32	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	220	33	�	�	,
work_ijodnynjfzg6pajray343ungoq	220	34	8.68	8.68	CD
work_ijodnynjfzg6pajray343ungoq	220	35	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	220	36	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	220	37	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	220	38	11.08	11.08	CD
work_ijodnynjfzg6pajray343ungoq	220	39	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	220	40	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	220	41	2.4	2.4	CD
work_ijodnynjfzg6pajray343ungoq	220	42	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	220	43	million	million	CD
work_ijodnynjfzg6pajray343ungoq	220	44	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	220	45	.	.	.
work_ijodnynjfzg6pajray343ungoq	221	1	4.3	4.3	LS
work_ijodnynjfzg6pajray343ungoq	221	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	222	1	Sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	222	2	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	222	3	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	222	4	Finally	finally	RB
work_ijodnynjfzg6pajray343ungoq	222	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	222	6	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	222	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	222	8	project	project	NN
work_ijodnynjfzg6pajray343ungoq	222	9	involves	involve	VBZ
work_ijodnynjfzg6pajray343ungoq	222	10	these	these	DT
work_ijodnynjfzg6pajray343ungoq	222	11	two	two	CD
work_ijodnynjfzg6pajray343ungoq	222	12	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	222	13	but	but	CC
work_ijodnynjfzg6pajray343ungoq	222	14	with	with	IN
work_ijodnynjfzg6pajray343ungoq	222	15	different	different	JJ
work_ijodnynjfzg6pajray343ungoq	222	16	expiration	expiration	NN
work_ijodnynjfzg6pajray343ungoq	222	17	days	day	NNS
work_ijodnynjfzg6pajray343ungoq	222	18	,	,	,
work_ijodnynjfzg6pajray343ungoq	222	19	these	these	DT
work_ijodnynjfzg6pajray343ungoq	222	20	two	two	CD
work_ijodnynjfzg6pajray343ungoq	222	21	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	222	22	form	form	VBP
work_ijodnynjfzg6pajray343ungoq	222	23	a	a	DT
work_ijodnynjfzg6pajray343ungoq	222	24	sequential	sequential	NN
work_ijodnynjfzg6pajray343ungoq	222	25	mul-	mul-	NN
work_ijodnynjfzg6pajray343ungoq	222	26	tiple	tiple	JJ
work_ijodnynjfzg6pajray343ungoq	222	27	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	222	28	.	.	.
work_ijodnynjfzg6pajray343ungoq	223	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	223	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	223	3	sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	223	4	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	223	5	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	223	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	223	7	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	223	8	makers	maker	NNS
work_ijodnynjfzg6pajray343ungoq	223	9	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	223	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	223	11	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	223	12	not	not	RB
work_ijodnynjfzg6pajray343ungoq	223	13	only	only	RB
work_ijodnynjfzg6pajray343ungoq	223	14	to	to	TO
work_ijodnynjfzg6pajray343ungoq	223	15	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	223	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	223	17	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	223	18	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	223	19	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	223	20	but	but	CC
work_ijodnynjfzg6pajray343ungoq	223	21	also	also	RB
work_ijodnynjfzg6pajray343ungoq	223	22	to	to	TO
work_ijodnynjfzg6pajray343ungoq	223	23	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	223	24	the	the	DT
work_ijodnynjfzg6pajray343ungoq	223	25	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	223	26	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	223	27	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	223	28	.	.	.
work_ijodnynjfzg6pajray343ungoq	224	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	224	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	224	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	224	4	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	224	5	in	in	IN
work_ijodnynjfzg6pajray343ungoq	224	6	period	period	NN
work_ijodnynjfzg6pajray343ungoq	224	7	one	one	CD
work_ijodnynjfzg6pajray343ungoq	224	8	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	224	9	maxðeC	maxðeC	NNP
work_ijodnynjfzg6pajray343ungoq	224	10	1u	1u	NN
work_ijodnynjfzg6pajray343ungoq	224	11	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	224	12	eI	ei	NN
work_ijodnynjfzg6pajray343ungoq	224	13	1	1	CD
work_ijodnynjfzg6pajray343ungoq	224	14	;	;	:
work_ijodnynjfzg6pajray343ungoq	224	15	~0Þ	~0Þ	NNP
work_ijodnynjfzg6pajray343ungoq	224	16	and	and	CC
work_ijodnynjfzg6pajray343ungoq	224	17	maxðeC	maxðeC	NNP
work_ijodnynjfzg6pajray343ungoq	224	18	1d	1d	CD
work_ijodnynjfzg6pajray343ungoq	224	19	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	224	20	eI	ei	NN
work_ijodnynjfzg6pajray343ungoq	224	21	1	1	CD
work_ijodnynjfzg6pajray343ungoq	224	22	;	;	:
work_ijodnynjfzg6pajray343ungoq	224	23	~0Þ	~0Þ	NNP
work_ijodnynjfzg6pajray343ungoq	224	24	,	,	,
work_ijodnynjfzg6pajray343ungoq	224	25	where	where	WRB
work_ijodnynjfzg6pajray343ungoq	224	26	eC	eC	NNP
work_ijodnynjfzg6pajray343ungoq	224	27	1u	1u	NNP
work_ijodnynjfzg6pajray343ungoq	224	28	and	and	CC
work_ijodnynjfzg6pajray343ungoq	224	29	eC	eC	NNP
work_ijodnynjfzg6pajray343ungoq	224	30	1d	1d	CD
work_ijodnynjfzg6pajray343ungoq	224	31	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	224	32	the	the	DT
work_ijodnynjfzg6pajray343ungoq	224	33	project	project	NN
work_ijodnynjfzg6pajray343ungoq	224	34	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	224	35	in	in	IN
work_ijodnynjfzg6pajray343ungoq	224	36	the	the	DT
work_ijodnynjfzg6pajray343ungoq	224	37	up	up	NN
work_ijodnynjfzg6pajray343ungoq	224	38	and	and	CC
work_ijodnynjfzg6pajray343ungoq	224	39	down	down	JJ
work_ijodnynjfzg6pajray343ungoq	224	40	cases	case	NNS
work_ijodnynjfzg6pajray343ungoq	224	41	,	,	,
work_ijodnynjfzg6pajray343ungoq	224	42	respec-	respec-	VBG
work_ijodnynjfzg6pajray343ungoq	224	43	tively	tively	RB
work_ijodnynjfzg6pajray343ungoq	224	44	,	,	,
work_ijodnynjfzg6pajray343ungoq	224	45	during	during	IN
work_ijodnynjfzg6pajray343ungoq	224	46	period	period	NN
work_ijodnynjfzg6pajray343ungoq	224	47	one	one	CD
work_ijodnynjfzg6pajray343ungoq	224	48	.	.	.
work_ijodnynjfzg6pajray343ungoq	225	1	Based	base	VBN
work_ijodnynjfzg6pajray343ungoq	225	2	on	on	IN
work_ijodnynjfzg6pajray343ungoq	225	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	225	4	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	225	5	at	at	IN
work_ijodnynjfzg6pajray343ungoq	225	6	period	period	NN
work_ijodnynjfzg6pajray343ungoq	225	7	two	two	CD
work_ijodnynjfzg6pajray343ungoq	225	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	225	9	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	225	10	can	can	MD
work_ijodnynjfzg6pajray343ungoq	225	11	find	find	VB
work_ijodnynjfzg6pajray343ungoq	225	12	that	that	IN
work_ijodnynjfzg6pajray343ungoq	225	13	eC	eC	NNP
work_ijodnynjfzg6pajray343ungoq	225	14	1u	1u	NNP
work_ijodnynjfzg6pajray343ungoq	225	15	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	225	16	½33:81	½33:81	NNP
work_ijodnynjfzg6pajray343ungoq	225	17	;	;	:
work_ijodnynjfzg6pajray343ungoq	225	18	42:32	42:32	CD
work_ijodnynjfzg6pajray343ungoq	225	19	;	;	:
work_ijodnynjfzg6pajray343ungoq	225	20	52:45	52:45	CD
work_ijodnynjfzg6pajray343ungoq	225	21	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	225	22	and	and	CC
work_ijodnynjfzg6pajray343ungoq	225	23	eC	eC	NNP
work_ijodnynjfzg6pajray343ungoq	225	24	1d	1d	NNP
work_ijodnynjfzg6pajray343ungoq	225	25	¼	¼	NNP
work_ijodnynjfzg6pajray343ungoq	225	26	½12:92	½12:92	NNP
work_ijodnynjfzg6pajray343ungoq	225	27	;	;	:
work_ijodnynjfzg6pajray343ungoq	225	28	16:62	16:62	CD
work_ijodnynjfzg6pajray343ungoq	225	29	;	;	:
work_ijodnynjfzg6pajray343ungoq	225	30	21:11	21:11	CD
work_ijodnynjfzg6pajray343ungoq	225	31	�	�	NNS
work_ijodnynjfzg6pajray343ungoq	225	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	226	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	226	2	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	226	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	226	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	226	5	project	project	NN
work_ijodnynjfzg6pajray343ungoq	226	6	with	with	IN
work_ijodnynjfzg6pajray343ungoq	226	7	sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	226	8	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	226	9	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	226	10	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	226	11	FENPV	FENPV	VBN
work_ijodnynjfzg6pajray343ungoq	226	12	=	=	NFP
work_ijodnynjfzg6pajray343ungoq	226	13	[	[	-LRB-
work_ijodnynjfzg6pajray343ungoq	226	14	0	0	CD
work_ijodnynjfzg6pajray343ungoq	226	15	,	,	,
work_ijodnynjfzg6pajray343ungoq	226	16	1.28	1.28	CD
work_ijodnynjfzg6pajray343ungoq	226	17	,	,	,
work_ijodnynjfzg6pajray343ungoq	226	18	7.21	7.21	CD
work_ijodnynjfzg6pajray343ungoq	226	19	]	]	-RRB-
work_ijodnynjfzg6pajray343ungoq	226	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	226	21	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	226	22	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	226	23	value	value	NN
work_ijodnynjfzg6pajray343ungoq	226	24	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	226	25	3.60	3.60	CD
work_ijodnynjfzg6pajray343ungoq	226	26	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	226	27	million	million	CD
work_ijodnynjfzg6pajray343ungoq	226	28	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	226	29	,	,	,
work_ijodnynjfzg6pajray343ungoq	226	30	and	and	CC
work_ijodnynjfzg6pajray343ungoq	226	31	the	the	DT
work_ijodnynjfzg6pajray343ungoq	226	32	value	value	NN
work_ijodnynjfzg6pajray343ungoq	226	33	of	of	IN
work_ijodnynjfzg6pajray343ungoq	226	34	the	the	DT
work_ijodnynjfzg6pajray343ungoq	226	35	sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	226	36	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	226	37	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	226	38	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	226	39	3.60	3.60	CD
work_ijodnynjfzg6pajray343ungoq	226	40	�	�	,
work_ijodnynjfzg6pajray343ungoq	226	41	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	226	42	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	226	43	11.08	11.08	CD
work_ijodnynjfzg6pajray343ungoq	226	44	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	226	45	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	226	46	14.68	14.68	CD
work_ijodnynjfzg6pajray343ungoq	226	47	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	226	48	million	million	CD
work_ijodnynjfzg6pajray343ungoq	226	49	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	226	50	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	226	51	See	see	VB
work_ijodnynjfzg6pajray343ungoq	226	52	Fig	fig	NN
work_ijodnynjfzg6pajray343ungoq	226	53	.	.	.
work_ijodnynjfzg6pajray343ungoq	227	1	7	7	LS
work_ijodnynjfzg6pajray343ungoq	227	2	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	227	3	.	.	.
work_ijodnynjfzg6pajray343ungoq	228	1	5	5	CD
work_ijodnynjfzg6pajray343ungoq	228	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	229	1	Discussion	Discussion	NNP
work_ijodnynjfzg6pajray343ungoq	229	2	In	in	IN
work_ijodnynjfzg6pajray343ungoq	229	3	Table	table	NN
work_ijodnynjfzg6pajray343ungoq	229	4	1	1	CD
work_ijodnynjfzg6pajray343ungoq	229	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	229	6	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	229	7	summarize	summarize	VBP
work_ijodnynjfzg6pajray343ungoq	229	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	229	9	evaluation	evaluation	NN
work_ijodnynjfzg6pajray343ungoq	229	10	results	result	NNS
work_ijodnynjfzg6pajray343ungoq	229	11	of	of	IN
work_ijodnynjfzg6pajray343ungoq	229	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	229	13	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	229	14	product	product	NN
work_ijodnynjfzg6pajray343ungoq	229	15	development	development	NN
work_ijodnynjfzg6pajray343ungoq	229	16	project	project	NN
work_ijodnynjfzg6pajray343ungoq	229	17	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	229	18	embedded	embed	VBD
work_ijodnynjfzg6pajray343ungoq	229	19	with	with	IN
work_ijodnynjfzg6pajray343ungoq	229	20	three	three	CD
work_ijodnynjfzg6pajray343ungoq	229	21	different	different	JJ
work_ijodnynjfzg6pajray343ungoq	229	22	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	229	23	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	229	24	,	,	,
work_ijodnynjfzg6pajray343ungoq	229	25	respectively	respectively	RB
work_ijodnynjfzg6pajray343ungoq	229	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	230	1	From	from	IN
work_ijodnynjfzg6pajray343ungoq	230	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	230	3	evaluation	evaluation	NN
work_ijodnynjfzg6pajray343ungoq	230	4	results	result	NNS
work_ijodnynjfzg6pajray343ungoq	230	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	230	6	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	230	7	can	can	MD
work_ijodnynjfzg6pajray343ungoq	230	8	observe	observe	VB
work_ijodnynjfzg6pajray343ungoq	230	9	that	that	IN
work_ijodnynjfzg6pajray343ungoq	230	10	if	if	IN
work_ijodnynjfzg6pajray343ungoq	230	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	230	12	project	project	NN
work_ijodnynjfzg6pajray343ungoq	230	13	does	do	VBZ
work_ijodnynjfzg6pajray343ungoq	230	14	not	not	RB
work_ijodnynjfzg6pajray343ungoq	230	15	have	have	VB
work_ijodnynjfzg6pajray343ungoq	230	16	any	any	DT
work_ijodnynjfzg6pajray343ungoq	230	17	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	230	18	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	230	19	,	,	,
work_ijodnynjfzg6pajray343ungoq	230	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	230	21	project	project	NN
work_ijodnynjfzg6pajray343ungoq	230	22	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	230	23	NPV	NPV	NNP
work_ijodnynjfzg6pajray343ungoq	230	24	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	230	25	�	�	,
work_ijodnynjfzg6pajray343ungoq	230	26	11.08	11.08	CD
work_ijodnynjfzg6pajray343ungoq	230	27	Fig	Fig	NNP
work_ijodnynjfzg6pajray343ungoq	230	28	.	.	.
work_ijodnynjfzg6pajray343ungoq	231	1	7	7	LS
work_ijodnynjfzg6pajray343ungoq	231	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	232	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	232	2	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	232	3	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	232	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	232	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	232	6	project	project	NN
work_ijodnynjfzg6pajray343ungoq	232	7	with	with	IN
work_ijodnynjfzg6pajray343ungoq	232	8	sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	232	9	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	232	10	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	232	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	233	1	Table	table	NN
work_ijodnynjfzg6pajray343ungoq	233	2	1	1	CD
work_ijodnynjfzg6pajray343ungoq	233	3	A	a	DT
work_ijodnynjfzg6pajray343ungoq	233	4	summary	summary	NN
work_ijodnynjfzg6pajray343ungoq	233	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	233	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	233	7	results	result	NNS
work_ijodnynjfzg6pajray343ungoq	233	8	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	233	9	in	in	IN
work_ijodnynjfzg6pajray343ungoq	233	10	million	million	CD
work_ijodnynjfzg6pajray343ungoq	233	11	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	233	12	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	233	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	234	1	Type	type	NN
work_ijodnynjfzg6pajray343ungoq	234	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	234	3	option	option	NN
work_ijodnynjfzg6pajray343ungoq	234	4	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	234	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	234	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	234	7	project	project	NN
work_ijodnynjfzg6pajray343ungoq	234	8	Mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	234	9	value	value	NN
work_ijodnynjfzg6pajray343ungoq	234	10	of	of	IN
work_ijodnynjfzg6pajray343ungoq	234	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	234	12	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	234	13	Option	Option	NNP
work_ijodnynjfzg6pajray343ungoq	234	14	value	value	NN
work_ijodnynjfzg6pajray343ungoq	234	15	Option	Option	NNP
work_ijodnynjfzg6pajray343ungoq	234	16	to	to	TO
work_ijodnynjfzg6pajray343ungoq	234	17	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	234	18	[	[	-LRB-
work_ijodnynjfzg6pajray343ungoq	234	19	0	0	CD
work_ijodnynjfzg6pajray343ungoq	234	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	234	21	0.43	0.43	CD
work_ijodnynjfzg6pajray343ungoq	234	22	,	,	,
work_ijodnynjfzg6pajray343ungoq	234	23	0.92	0.92	CD
work_ijodnynjfzg6pajray343ungoq	234	24	]	]	-RRB-
work_ijodnynjfzg6pajray343ungoq	234	25	0.46	0.46	CD
work_ijodnynjfzg6pajray343ungoq	234	26	11.54	11.54	CD
work_ijodnynjfzg6pajray343ungoq	234	27	Option	Option	NNP
work_ijodnynjfzg6pajray343ungoq	234	28	to	to	TO
work_ijodnynjfzg6pajray343ungoq	234	29	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	234	30	[	[	-LRB-
work_ijodnynjfzg6pajray343ungoq	234	31	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	234	32	17.05	17.05	CD
work_ijodnynjfzg6pajray343ungoq	234	33	,	,	,
work_ijodnynjfzg6pajray343ungoq	234	34	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	234	35	9.635	9.635	CD
work_ijodnynjfzg6pajray343ungoq	234	36	,	,	,
work_ijodnynjfzg6pajray343ungoq	234	37	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	234	38	0.31	0.31	LS
work_ijodnynjfzg6pajray343ungoq	234	39	]	]	-RRB-
work_ijodnynjfzg6pajray343ungoq	234	40	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	234	41	8.68	8.68	CD
work_ijodnynjfzg6pajray343ungoq	234	42	2.4	2.4	CD
work_ijodnynjfzg6pajray343ungoq	234	43	Multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	234	44	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	234	45	[	[	-LRB-
work_ijodnynjfzg6pajray343ungoq	234	46	0	0	CD
work_ijodnynjfzg6pajray343ungoq	234	47	,	,	,
work_ijodnynjfzg6pajray343ungoq	234	48	1.28	1.28	CD
work_ijodnynjfzg6pajray343ungoq	234	49	,	,	,
work_ijodnynjfzg6pajray343ungoq	234	50	7.21	7.21	CD
work_ijodnynjfzg6pajray343ungoq	234	51	]	]	-RRB-
work_ijodnynjfzg6pajray343ungoq	234	52	3.60	3.60	CD
work_ijodnynjfzg6pajray343ungoq	234	53	14.68	14.68	CD
work_ijodnynjfzg6pajray343ungoq	234	54	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	234	55	Ho	Ho	NNP
work_ijodnynjfzg6pajray343ungoq	234	56	,	,	,
work_ijodnynjfzg6pajray343ungoq	234	57	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	234	58	Liao	Liao	NNP
work_ijodnynjfzg6pajray343ungoq	234	59	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	234	60	Expert	Expert	NNP
work_ijodnynjfzg6pajray343ungoq	234	61	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	234	62	with	with	IN
work_ijodnynjfzg6pajray343ungoq	234	63	Applications	Applications	NNP
work_ijodnynjfzg6pajray343ungoq	234	64	38	38	CD
work_ijodnynjfzg6pajray343ungoq	234	65	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	234	66	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	234	67	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	234	68	15296–15302	15296–15302	CD
work_ijodnynjfzg6pajray343ungoq	234	69	15301	15301	CD
work_ijodnynjfzg6pajray343ungoq	234	70	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	234	71	million	million	CD
work_ijodnynjfzg6pajray343ungoq	234	72	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	234	73	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	234	74	and	and	CC
work_ijodnynjfzg6pajray343ungoq	234	75	the	the	DT
work_ijodnynjfzg6pajray343ungoq	234	76	project	project	NN
work_ijodnynjfzg6pajray343ungoq	234	77	should	should	MD
work_ijodnynjfzg6pajray343ungoq	234	78	therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	234	79	be	be	VB
work_ijodnynjfzg6pajray343ungoq	234	80	rejected	reject	VBN
work_ijodnynjfzg6pajray343ungoq	234	81	.	.	.
work_ijodnynjfzg6pajray343ungoq	235	1	How-	How-	NNP
work_ijodnynjfzg6pajray343ungoq	235	2	ever	ever	RB
work_ijodnynjfzg6pajray343ungoq	235	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	235	4	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	235	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	235	6	project	project	NN
work_ijodnynjfzg6pajray343ungoq	235	7	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	235	8	embedded	embed	VBN
work_ijodnynjfzg6pajray343ungoq	235	9	with	with	IN
work_ijodnynjfzg6pajray343ungoq	235	10	some	some	DT
work_ijodnynjfzg6pajray343ungoq	235	11	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	235	12	flexibili-	flexibili-	NN
work_ijodnynjfzg6pajray343ungoq	235	13	ties	tie	NNS
work_ijodnynjfzg6pajray343ungoq	235	14	,	,	,
work_ijodnynjfzg6pajray343ungoq	235	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	235	16	decisions	decision	NNS
work_ijodnynjfzg6pajray343ungoq	235	17	will	will	MD
work_ijodnynjfzg6pajray343ungoq	235	18	be	be	VB
work_ijodnynjfzg6pajray343ungoq	235	19	different	different	JJ
work_ijodnynjfzg6pajray343ungoq	235	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	236	1	Confronting	confront	VBG
work_ijodnynjfzg6pajray343ungoq	236	2	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	236	3	market	market	NN
work_ijodnynjfzg6pajray343ungoq	236	4	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	236	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	236	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	236	7	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	236	8	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	236	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	236	10	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	236	11	as	as	IN
work_ijodnynjfzg6pajray343ungoq	236	12	deferring	defer	VBG
work_ijodnynjfzg6pajray343ungoq	236	13	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	236	14	in	in	IN
work_ijodnynjfzg6pajray343ungoq	236	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	236	16	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	236	17	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	236	18	or	or	CC
work_ijodnynjfzg6pajray343ungoq	236	19	abandoning	abandon	VBG
work_ijodnynjfzg6pajray343ungoq	236	20	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	236	21	in	in	IN
work_ijodnynjfzg6pajray343ungoq	236	22	the	the	DT
work_ijodnynjfzg6pajray343ungoq	236	23	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	236	24	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	236	25	,	,	,
work_ijodnynjfzg6pajray343ungoq	236	26	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	236	27	specific	specific	JJ
work_ijodnynjfzg6pajray343ungoq	236	28	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	236	29	.	.	.
work_ijodnynjfzg6pajray343ungoq	237	1	In	in	IN
work_ijodnynjfzg6pajray343ungoq	237	2	this	this	DT
work_ijodnynjfzg6pajray343ungoq	237	3	paper	paper	NN
work_ijodnynjfzg6pajray343ungoq	237	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	237	5	we	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	237	6	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	237	7	verified	verify	VBN
work_ijodnynjfzg6pajray343ungoq	237	8	the	the	DT
work_ijodnynjfzg6pajray343ungoq	237	9	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	237	10	of	of	IN
work_ijodnynjfzg6pajray343ungoq	237	11	these	these	DT
work_ijodnynjfzg6pajray343ungoq	237	12	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	237	13	from	from	IN
work_ijodnynjfzg6pajray343ungoq	237	14	the	the	DT
work_ijodnynjfzg6pajray343ungoq	237	15	aspect	aspect	NN
work_ijodnynjfzg6pajray343ungoq	237	16	of	of	IN
work_ijodnynjfzg6pajray343ungoq	237	17	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	237	18	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	237	19	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	237	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	238	1	When	when	WRB
work_ijodnynjfzg6pajray343ungoq	238	2	the	the	DT
work_ijodnynjfzg6pajray343ungoq	238	3	project	project	NN
work_ijodnynjfzg6pajray343ungoq	238	4	involves	involve	VBZ
work_ijodnynjfzg6pajray343ungoq	238	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	238	6	option	option	NN
work_ijodnynjfzg6pajray343ungoq	238	7	to	to	TO
work_ijodnynjfzg6pajray343ungoq	238	8	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	238	9	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	238	10	in	in	IN
work_ijodnynjfzg6pajray343ungoq	238	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	238	12	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	238	13	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	238	14	,	,	,
work_ijodnynjfzg6pajray343ungoq	238	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	238	16	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	238	17	value	value	NN
work_ijodnynjfzg6pajray343ungoq	238	18	of	of	IN
work_ijodnynjfzg6pajray343ungoq	238	19	the	the	DT
work_ijodnynjfzg6pajray343ungoq	238	20	project	project	NN
work_ijodnynjfzg6pajray343ungoq	238	21	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	238	22	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	238	23	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	238	24	0.46	0.46	CD
work_ijodnynjfzg6pajray343ungoq	238	25	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	238	26	million	million	CD
work_ijodnynjfzg6pajray343ungoq	238	27	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	238	28	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	238	29	.	.	.
work_ijodnynjfzg6pajray343ungoq	239	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	239	2	overall	overall	JJ
work_ijodnynjfzg6pajray343ungoq	239	3	value	value	NN
work_ijodnynjfzg6pajray343ungoq	239	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	239	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	239	6	project	project	NN
work_ijodnynjfzg6pajray343ungoq	239	7	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	239	8	positive	positive	JJ
work_ijodnynjfzg6pajray343ungoq	239	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	239	10	thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	239	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	239	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	239	13	project	project	NN
work_ijodnynjfzg6pajray343ungoq	239	14	become	become	VBN
work_ijodnynjfzg6pajray343ungoq	239	15	acceptable	acceptable	JJ
work_ijodnynjfzg6pajray343ungoq	239	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	240	1	Moreover	moreover	RB
work_ijodnynjfzg6pajray343ungoq	240	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	240	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	240	4	value	value	NN
work_ijodnynjfzg6pajray343ungoq	240	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	240	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	240	7	option	option	NN
work_ijodnynjfzg6pajray343ungoq	240	8	to	to	TO
work_ijodnynjfzg6pajray343ungoq	240	9	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	240	10	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	240	11	11.54	11.54	CD
work_ijodnynjfzg6pajray343ungoq	240	12	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	240	13	million	million	CD
work_ijodnynjfzg6pajray343ungoq	240	14	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	240	15	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	240	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	241	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	241	2	option	option	NN
work_ijodnynjfzg6pajray343ungoq	241	3	value	value	NN
work_ijodnynjfzg6pajray343ungoq	241	4	stems	stem	VBZ
work_ijodnynjfzg6pajray343ungoq	241	5	from	from	IN
work_ijodnynjfzg6pajray343ungoq	241	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	241	7	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	241	8	that	that	IN
work_ijodnynjfzg6pajray343ungoq	241	9	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	241	10	maker	maker	NN
work_ijodnynjfzg6pajray343ungoq	241	11	can	can	MD
work_ijodnynjfzg6pajray343ungoq	241	12	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	241	13	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	241	14	in	in	IN
work_ijodnynjfzg6pajray343ungoq	241	15	the	the	DT
work_ijodnynjfzg6pajray343ungoq	241	16	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	241	17	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	241	18	to	to	TO
work_ijodnynjfzg6pajray343ungoq	241	19	avoid	avoid	VB
work_ijodnynjfzg6pajray343ungoq	241	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	241	21	downward	downward	JJ
work_ijodnynjfzg6pajray343ungoq	241	22	losses	loss	NNS
work_ijodnynjfzg6pajray343ungoq	241	23	at	at	IN
work_ijodnynjfzg6pajray343ungoq	241	24	project	project	NN
work_ijodnynjfzg6pajray343ungoq	241	25	initiation	initiation	NN
work_ijodnynjfzg6pajray343ungoq	241	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	242	1	Moreover	moreover	RB
work_ijodnynjfzg6pajray343ungoq	242	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	242	3	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	242	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	242	5	project	project	NN
work_ijodnynjfzg6pajray343ungoq	242	6	includes	include	VBZ
work_ijodnynjfzg6pajray343ungoq	242	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	242	8	option	option	NN
work_ijodnynjfzg6pajray343ungoq	242	9	to	to	TO
work_ijodnynjfzg6pajray343ungoq	242	10	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	242	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	242	12	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	242	13	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	242	14	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	242	15	,	,	,
work_ijodnynjfzg6pajray343ungoq	242	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	242	17	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	242	18	value	value	NN
work_ijodnynjfzg6pajray343ungoq	242	19	of	of	IN
work_ijodnynjfzg6pajray343ungoq	242	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	242	21	project	project	NN
work_ijodnynjfzg6pajray343ungoq	242	22	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	242	23	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	242	24	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	242	25	�	�	,
work_ijodnynjfzg6pajray343ungoq	242	26	8.68	8.68	CD
work_ijodnynjfzg6pajray343ungoq	242	27	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	242	28	million	million	CD
work_ijodnynjfzg6pajray343ungoq	242	29	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	242	30	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	242	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	243	1	Although	although	IN
work_ijodnynjfzg6pajray343ungoq	243	2	this	this	DT
work_ijodnynjfzg6pajray343ungoq	243	3	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	243	4	value	value	NN
work_ijodnynjfzg6pajray343ungoq	243	5	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	243	6	negative	negative	JJ
work_ijodnynjfzg6pajray343ungoq	243	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	243	8	it	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	243	9	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	243	10	still	still	RB
work_ijodnynjfzg6pajray343ungoq	243	11	greater	great	JJR
work_ijodnynjfzg6pajray343ungoq	243	12	than	than	IN
work_ijodnynjfzg6pajray343ungoq	243	13	the	the	DT
work_ijodnynjfzg6pajray343ungoq	243	14	original	original	JJ
work_ijodnynjfzg6pajray343ungoq	243	15	NPV	npv	NN
work_ijodnynjfzg6pajray343ungoq	243	16	=	=	SYM
work_ijodnynjfzg6pajray343ungoq	243	17	�	�	NNP
work_ijodnynjfzg6pajray343ungoq	243	18	11.08	11.08	CD
work_ijodnynjfzg6pajray343ungoq	243	19	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	243	20	million	million	CD
work_ijodnynjfzg6pajray343ungoq	243	21	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	243	22	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	243	23	.	.	.
work_ijodnynjfzg6pajray343ungoq	244	1	This	this	DT
work_ijodnynjfzg6pajray343ungoq	244	2	reveals	reveal	VBZ
work_ijodnynjfzg6pajray343ungoq	244	3	that	that	IN
work_ijodnynjfzg6pajray343ungoq	244	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	244	5	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	244	6	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	244	7	option	option	NN
work_ijodnynjfzg6pajray343ungoq	244	8	can	can	MD
work_ijodnynjfzg6pajray343ungoq	244	9	still	still	RB
work_ijodnynjfzg6pajray343ungoq	244	10	prevent	prevent	VB
work_ijodnynjfzg6pajray343ungoq	244	11	losses	loss	NNS
work_ijodnynjfzg6pajray343ungoq	244	12	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	244	13	the	the	DT
work_ijodnynjfzg6pajray343ungoq	244	14	mar-	mar-	NNP
work_ijodnynjfzg6pajray343ungoq	244	15	ket	ket	NNP
work_ijodnynjfzg6pajray343ungoq	244	16	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	244	17	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	244	18	downward	downward	JJ
work_ijodnynjfzg6pajray343ungoq	244	19	and	and	CC
work_ijodnynjfzg6pajray343ungoq	244	20	can	can	MD
work_ijodnynjfzg6pajray343ungoq	244	21	retain	retain	VB
work_ijodnynjfzg6pajray343ungoq	244	22	the	the	DT
work_ijodnynjfzg6pajray343ungoq	244	23	upside	upside	JJ
work_ijodnynjfzg6pajray343ungoq	244	24	potential	potential	NN
work_ijodnynjfzg6pajray343ungoq	244	25	of	of	IN
work_ijodnynjfzg6pajray343ungoq	244	26	profit	profit	NN
work_ijodnynjfzg6pajray343ungoq	244	27	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	244	28	the	the	DT
work_ijodnynjfzg6pajray343ungoq	244	29	market	market	NN
work_ijodnynjfzg6pajray343ungoq	244	30	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	244	31	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	244	32	upward	upward	JJ
work_ijodnynjfzg6pajray343ungoq	244	33	.	.	.
work_ijodnynjfzg6pajray343ungoq	245	1	Therefore	therefore	RB
work_ijodnynjfzg6pajray343ungoq	245	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	245	3	this	this	DT
work_ijodnynjfzg6pajray343ungoq	245	4	option	option	NN
work_ijodnynjfzg6pajray343ungoq	245	5	to	to	TO
work_ijodnynjfzg6pajray343ungoq	245	6	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	245	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	245	8	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	245	9	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	245	10	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	245	11	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	245	12	a	a	DT
work_ijodnynjfzg6pajray343ungoq	245	13	value	value	NN
work_ijodnynjfzg6pajray343ungoq	245	14	of	of	IN
work_ijodnynjfzg6pajray343ungoq	245	15	2.4	2.4	CD
work_ijodnynjfzg6pajray343ungoq	245	16	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	245	17	million	million	CD
work_ijodnynjfzg6pajray343ungoq	245	18	NT$)-lower	nt$)-lower	CD
work_ijodnynjfzg6pajray343ungoq	245	19	than	than	IN
work_ijodnynjfzg6pajray343ungoq	245	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	245	21	value	value	NN
work_ijodnynjfzg6pajray343ungoq	245	22	of	of	IN
work_ijodnynjfzg6pajray343ungoq	245	23	option	option	NN
work_ijodnynjfzg6pajray343ungoq	245	24	to	to	TO
work_ijodnynjfzg6pajray343ungoq	245	25	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	245	26	.	.	.
work_ijodnynjfzg6pajray343ungoq	246	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	246	2	reason	reason	NN
work_ijodnynjfzg6pajray343ungoq	246	3	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	246	4	that	that	IN
work_ijodnynjfzg6pajray343ungoq	246	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	246	6	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	246	7	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	246	8	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	246	9	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	246	10	been	be	VBN
work_ijodnynjfzg6pajray343ungoq	246	11	completed	complete	VBN
work_ijodnynjfzg6pajray343ungoq	246	12	without	without	IN
work_ijodnynjfzg6pajray343ungoq	246	13	deferring	deferring	NN
work_ijodnynjfzg6pajray343ungoq	246	14	,	,	,
work_ijodnynjfzg6pajray343ungoq	246	15	whatever	whatever	WDT
work_ijodnynjfzg6pajray343ungoq	246	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	246	17	market	market	NN
work_ijodnynjfzg6pajray343ungoq	246	18	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	246	19	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	246	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	247	1	Thus	thus	RB
work_ijodnynjfzg6pajray343ungoq	247	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	247	3	even	even	RB
work_ijodnynjfzg6pajray343ungoq	247	4	though	though	IN
work_ijodnynjfzg6pajray343ungoq	247	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	247	6	market	market	NN
work_ijodnynjfzg6pajray343ungoq	247	7	conditions	condition	NNS
work_ijodnynjfzg6pajray343ungoq	247	8	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	247	9	downward	downward	RB
work_ijodnynjfzg6pajray343ungoq	247	10	at	at	IN
work_ijodnynjfzg6pajray343ungoq	247	11	the	the	DT
work_ijodnynjfzg6pajray343ungoq	247	12	initiation	initiation	NN
work_ijodnynjfzg6pajray343ungoq	247	13	of	of	IN
work_ijodnynjfzg6pajray343ungoq	247	14	the	the	DT
work_ijodnynjfzg6pajray343ungoq	247	15	pro-	pro-	NN
work_ijodnynjfzg6pajray343ungoq	247	16	ject	ject	NN
work_ijodnynjfzg6pajray343ungoq	247	17	,	,	,
work_ijodnynjfzg6pajray343ungoq	247	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	247	19	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	247	20	maker	maker	NN
work_ijodnynjfzg6pajray343ungoq	247	21	will	will	MD
work_ijodnynjfzg6pajray343ungoq	247	22	only	only	RB
work_ijodnynjfzg6pajray343ungoq	247	23	be	be	VB
work_ijodnynjfzg6pajray343ungoq	247	24	able	able	JJ
work_ijodnynjfzg6pajray343ungoq	247	25	to	to	TO
work_ijodnynjfzg6pajray343ungoq	247	26	prevent	prevent	VB
work_ijodnynjfzg6pajray343ungoq	247	27	losses	loss	NNS
work_ijodnynjfzg6pajray343ungoq	247	28	at	at	IN
work_ijodnynjfzg6pajray343ungoq	247	29	the	the	DT
work_ijodnynjfzg6pajray343ungoq	247	30	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	247	31	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	247	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	248	1	Due	due	IN
work_ijodnynjfzg6pajray343ungoq	248	2	to	to	IN
work_ijodnynjfzg6pajray343ungoq	248	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	248	4	smaller	small	JJR
work_ijodnynjfzg6pajray343ungoq	248	5	extent	extent	NN
work_ijodnynjfzg6pajray343ungoq	248	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	248	7	hedging	hedging	NN
work_ijodnynjfzg6pajray343ungoq	248	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	248	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	248	10	second	second	JJ
work_ijodnynjfzg6pajray343ungoq	248	11	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	248	12	option	option	NN
work_ijodnynjfzg6pajray343ungoq	248	13	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	248	14	a	a	DT
work_ijodnynjfzg6pajray343ungoq	248	15	lower	low	JJR
work_ijodnynjfzg6pajray343ungoq	248	16	option	option	NN
work_ijodnynjfzg6pajray343ungoq	248	17	value	value	NN
work_ijodnynjfzg6pajray343ungoq	248	18	than	than	IN
work_ijodnynjfzg6pajray343ungoq	248	19	the	the	DT
work_ijodnynjfzg6pajray343ungoq	248	20	first	first	JJ
work_ijodnynjfzg6pajray343ungoq	248	21	stage	stage	NN
work_ijodnynjfzg6pajray343ungoq	248	22	option	option	NN
work_ijodnynjfzg6pajray343ungoq	248	23	.	.	.
work_ijodnynjfzg6pajray343ungoq	249	1	Lastly	lastly	RB
work_ijodnynjfzg6pajray343ungoq	249	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	249	3	when	when	WRB
work_ijodnynjfzg6pajray343ungoq	249	4	both	both	DT
work_ijodnynjfzg6pajray343ungoq	249	5	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	249	6	form	form	VBP
work_ijodnynjfzg6pajray343ungoq	249	7	a	a	DT
work_ijodnynjfzg6pajray343ungoq	249	8	sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	249	9	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	249	10	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	249	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	249	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	249	13	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	249	14	value	value	NN
work_ijodnynjfzg6pajray343ungoq	249	15	of	of	IN
work_ijodnynjfzg6pajray343ungoq	249	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	249	17	project	project	NN
work_ijodnynjfzg6pajray343ungoq	249	18	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	249	19	FENPV	FENPV	NNP
work_ijodnynjfzg6pajray343ungoq	249	20	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	249	21	3.60	3.60	CD
work_ijodnynjfzg6pajray343ungoq	249	22	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	249	23	million	million	CD
work_ijodnynjfzg6pajray343ungoq	249	24	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	249	25	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	249	26	,	,	,
work_ijodnynjfzg6pajray343ungoq	249	27	which	which	WDT
work_ijodnynjfzg6pajray343ungoq	249	28	represents	represent	VBZ
work_ijodnynjfzg6pajray343ungoq	249	29	the	the	DT
work_ijodnynjfzg6pajray343ungoq	249	30	total	total	JJ
work_ijodnynjfzg6pajray343ungoq	249	31	value	value	NN
work_ijodnynjfzg6pajray343ungoq	249	32	of	of	IN
work_ijodnynjfzg6pajray343ungoq	249	33	the	the	DT
work_ijodnynjfzg6pajray343ungoq	249	34	project	project	NN
work_ijodnynjfzg6pajray343ungoq	249	35	.	.	.
work_ijodnynjfzg6pajray343ungoq	250	1	Since	since	IN
work_ijodnynjfzg6pajray343ungoq	250	2	this	this	DT
work_ijodnynjfzg6pajray343ungoq	250	3	value	value	NN
work_ijodnynjfzg6pajray343ungoq	250	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	250	5	positive	positive	JJ
work_ijodnynjfzg6pajray343ungoq	250	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	250	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	250	8	project	project	NN
work_ijodnynjfzg6pajray343ungoq	250	9	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	250	10	acceptable	acceptable	JJ
work_ijodnynjfzg6pajray343ungoq	250	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	251	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	251	2	value	value	NN
work_ijodnynjfzg6pajray343ungoq	251	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	251	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	251	5	sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	251	6	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	251	7	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	251	8	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	251	9	14.68	14.68	CD
work_ijodnynjfzg6pajray343ungoq	251	10	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	251	11	million	million	CD
work_ijodnynjfzg6pajray343ungoq	251	12	NT$	NT$	NNP
work_ijodnynjfzg6pajray343ungoq	251	13	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	251	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	252	1	This	this	DT
work_ijodnynjfzg6pajray343ungoq	252	2	option	option	NN
work_ijodnynjfzg6pajray343ungoq	252	3	value	value	NN
work_ijodnynjfzg6pajray343ungoq	252	4	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	252	5	higher	high	JJR
work_ijodnynjfzg6pajray343ungoq	252	6	than	than	IN
work_ijodnynjfzg6pajray343ungoq	252	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	252	8	value	value	NN
work_ijodnynjfzg6pajray343ungoq	252	9	of	of	IN
work_ijodnynjfzg6pajray343ungoq	252	10	a	a	DT
work_ijodnynjfzg6pajray343ungoq	252	11	single	single	JJ
work_ijodnynjfzg6pajray343ungoq	252	12	option	option	NN
work_ijodnynjfzg6pajray343ungoq	252	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	253	1	This	this	DT
work_ijodnynjfzg6pajray343ungoq	253	2	result	result	NN
work_ijodnynjfzg6pajray343ungoq	253	3	shows	show	VBZ
work_ijodnynjfzg6pajray343ungoq	253	4	that	that	IN
work_ijodnynjfzg6pajray343ungoq	253	5	the	the	DT
work_ijodnynjfzg6pajray343ungoq	253	6	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	253	7	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	253	8	provide	provide	VBP
work_ijodnynjfzg6pajray343ungoq	253	9	greater	great	JJR
work_ijodnynjfzg6pajray343ungoq	253	10	value	value	NN
work_ijodnynjfzg6pajray343ungoq	253	11	than	than	IN
work_ijodnynjfzg6pajray343ungoq	253	12	a	a	DT
work_ijodnynjfzg6pajray343ungoq	253	13	single	single	JJ
work_ijodnynjfzg6pajray343ungoq	253	14	option	option	NN
work_ijodnynjfzg6pajray343ungoq	253	15	because	because	IN
work_ijodnynjfzg6pajray343ungoq	253	16	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	253	17	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	253	18	provide	provide	VBP
work_ijodnynjfzg6pajray343ungoq	253	19	more	more	JJR
work_ijodnynjfzg6pajray343ungoq	253	20	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	253	21	.	.	.
work_ijodnynjfzg6pajray343ungoq	254	1	However	however	RB
work_ijodnynjfzg6pajray343ungoq	254	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	254	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	254	4	value	value	NN
work_ijodnynjfzg6pajray343ungoq	254	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	254	6	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	254	7	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	254	8	does	do	VBZ
work_ijodnynjfzg6pajray343ungoq	254	9	not	not	RB
work_ijodnynjfzg6pajray343ungoq	254	10	equate	equate	VB
work_ijodnynjfzg6pajray343ungoq	254	11	directly	directly	RB
work_ijodnynjfzg6pajray343ungoq	254	12	to	to	IN
work_ijodnynjfzg6pajray343ungoq	254	13	the	the	DT
work_ijodnynjfzg6pajray343ungoq	254	14	addition	addition	NN
work_ijodnynjfzg6pajray343ungoq	254	15	of	of	IN
work_ijodnynjfzg6pajray343ungoq	254	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	254	17	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	254	18	of	of	IN
work_ijodnynjfzg6pajray343ungoq	254	19	both	both	DT
work_ijodnynjfzg6pajray343ungoq	254	20	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	254	21	.	.	.
work_ijodnynjfzg6pajray343ungoq	255	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	255	2	value	value	NN
work_ijodnynjfzg6pajray343ungoq	255	3	can	can	MD
work_ijodnynjfzg6pajray343ungoq	255	4	not	not	RB
work_ijodnynjfzg6pajray343ungoq	255	5	be	be	VB
work_ijodnynjfzg6pajray343ungoq	255	6	raised	raise	VBN
work_ijodnynjfzg6pajray343ungoq	255	7	linearly	linearly	RB
work_ijodnynjfzg6pajray343ungoq	255	8	because	because	IN
work_ijodnynjfzg6pajray343ungoq	255	9	of	of	IN
work_ijodnynjfzg6pajray343ungoq	255	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	255	11	nonlinear	nonlinear	JJ
work_ijodnynjfzg6pajray343ungoq	255	12	operations	operation	NNS
work_ijodnynjfzg6pajray343ungoq	255	13	in	in	IN
work_ijodnynjfzg6pajray343ungoq	255	14	the	the	DT
work_ijodnynjfzg6pajray343ungoq	255	15	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	255	16	model	model	NN
work_ijodnynjfzg6pajray343ungoq	255	17	and	and	CC
work_ijodnynjfzg6pajray343ungoq	255	18	the	the	DT
work_ijodnynjfzg6pajray343ungoq	255	19	trade	trade	NN
work_ijodnynjfzg6pajray343ungoq	255	20	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	255	21	off	off	NN
work_ijodnynjfzg6pajray343ungoq	255	22	between	between	IN
work_ijodnynjfzg6pajray343ungoq	255	23	both	both	DT
work_ijodnynjfzg6pajray343ungoq	255	24	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	255	25	in	in	IN
work_ijodnynjfzg6pajray343ungoq	255	26	the	the	DT
work_ijodnynjfzg6pajray343ungoq	255	27	hedging	hedging	NN
work_ijodnynjfzg6pajray343ungoq	255	28	process	process	NN
work_ijodnynjfzg6pajray343ungoq	255	29	.	.	.
work_ijodnynjfzg6pajray343ungoq	256	1	6	6	CD
work_ijodnynjfzg6pajray343ungoq	256	2	.	.	.
work_ijodnynjfzg6pajray343ungoq	257	1	Conclusions	conclusion	NNS
work_ijodnynjfzg6pajray343ungoq	257	2	Since	since	IN
work_ijodnynjfzg6pajray343ungoq	257	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	257	4	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	257	5	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	257	6	related	relate	VBN
work_ijodnynjfzg6pajray343ungoq	257	7	commodities	commodity	NNS
work_ijodnynjfzg6pajray343ungoq	257	8	could	could	MD
work_ijodnynjfzg6pajray343ungoq	257	9	not	not	RB
work_ijodnynjfzg6pajray343ungoq	257	10	be	be	VB
work_ijodnynjfzg6pajray343ungoq	257	11	priced	price	VBN
work_ijodnynjfzg6pajray343ungoq	257	12	objectively	objectively	RB
work_ijodnynjfzg6pajray343ungoq	257	13	,	,	,
work_ijodnynjfzg6pajray343ungoq	257	14	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	257	15	were	be	VBD
work_ijodnynjfzg6pajray343ungoq	257	16	not	not	RB
work_ijodnynjfzg6pajray343ungoq	257	17	widely	widely	RB
work_ijodnynjfzg6pajray343ungoq	257	18	accepted	accept	VBN
work_ijodnynjfzg6pajray343ungoq	257	19	in	in	IN
work_ijodnynjfzg6pajray343ungoq	257	20	the	the	DT
work_ijodnynjfzg6pajray343ungoq	257	21	market	market	NN
work_ijodnynjfzg6pajray343ungoq	257	22	.	.	.
work_ijodnynjfzg6pajray343ungoq	258	1	Until	until	IN
work_ijodnynjfzg6pajray343ungoq	258	2	1973	1973	CD
work_ijodnynjfzg6pajray343ungoq	258	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	258	4	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	258	5	–	–	:
work_ijodnynjfzg6pajray343ungoq	258	6	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	258	7	proposed	propose	VBD
work_ijodnynjfzg6pajray343ungoq	258	8	a	a	DT
work_ijodnynjfzg6pajray343ungoq	258	9	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	258	10	model	model	NN
work_ijodnynjfzg6pajray343ungoq	258	11	that	that	WDT
work_ijodnynjfzg6pajray343ungoq	258	12	allowed	allow	VBD
work_ijodnynjfzg6pajray343ungoq	258	13	investors	investor	NNS
work_ijodnynjfzg6pajray343ungoq	258	14	to	to	TO
work_ijodnynjfzg6pajray343ungoq	258	15	price	price	VB
work_ijodnynjfzg6pajray343ungoq	258	16	the	the	DT
work_ijodnynjfzg6pajray343ungoq	258	17	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	258	18	;	;	:
work_ijodnynjfzg6pajray343ungoq	258	19	investors	investor	NNS
work_ijodnynjfzg6pajray343ungoq	258	20	no	no	RB
work_ijodnynjfzg6pajray343ungoq	258	21	longer	long	RBR
work_ijodnynjfzg6pajray343ungoq	258	22	needed	need	VBD
work_ijodnynjfzg6pajray343ungoq	258	23	to	to	TO
work_ijodnynjfzg6pajray343ungoq	258	24	rely	rely	VB
work_ijodnynjfzg6pajray343ungoq	258	25	on	on	IN
work_ijodnynjfzg6pajray343ungoq	258	26	subjective	subjective	JJ
work_ijodnynjfzg6pajray343ungoq	258	27	judgments	judgment	NNS
work_ijodnynjfzg6pajray343ungoq	258	28	.	.	.
work_ijodnynjfzg6pajray343ungoq	259	1	Since	since	IN
work_ijodnynjfzg6pajray343ungoq	259	2	then	then	RB
work_ijodnynjfzg6pajray343ungoq	259	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	259	4	transactions	transaction	NNS
work_ijodnynjfzg6pajray343ungoq	259	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	259	6	innovations	innovation	NNS
work_ijodnynjfzg6pajray343ungoq	259	7	in	in	IN
work_ijodnynjfzg6pajray343ungoq	259	8	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	259	9	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	259	10	continually	continually	RB
work_ijodnynjfzg6pajray343ungoq	259	11	developed	develop	VBN
work_ijodnynjfzg6pajray343ungoq	259	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	260	1	Options	option	NNS
work_ijodnynjfzg6pajray343ungoq	260	2	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	260	3	become	become	VBN
work_ijodnynjfzg6pajray343ungoq	260	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	260	5	most	most	RBS
work_ijodnynjfzg6pajray343ungoq	260	6	popular	popular	JJ
work_ijodnynjfzg6pajray343ungoq	260	7	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	260	8	commodities	commodity	NNS
work_ijodnynjfzg6pajray343ungoq	260	9	and	and	CC
work_ijodnynjfzg6pajray343ungoq	260	10	have	have	VBP
work_ijodnynjfzg6pajray343ungoq	260	11	satisfied	satisfy	VBN
work_ijodnynjfzg6pajray343ungoq	260	12	the	the	DT
work_ijodnynjfzg6pajray343ungoq	260	13	mar-	mar-	NNP
work_ijodnynjfzg6pajray343ungoq	260	14	ket	ket	NNP
work_ijodnynjfzg6pajray343ungoq	260	15	’s	’s	POS
work_ijodnynjfzg6pajray343ungoq	260	16	needs	need	VBZ
work_ijodnynjfzg6pajray343ungoq	260	17	for	for	IN
work_ijodnynjfzg6pajray343ungoq	260	18	hedge	hedge	NN
work_ijodnynjfzg6pajray343ungoq	260	19	and	and	CC
work_ijodnynjfzg6pajray343ungoq	260	20	arbitrage	arbitrage	NN
work_ijodnynjfzg6pajray343ungoq	260	21	.	.	.
work_ijodnynjfzg6pajray343ungoq	261	1	There	there	EX
work_ijodnynjfzg6pajray343ungoq	261	2	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	261	3	a	a	DT
work_ijodnynjfzg6pajray343ungoq	261	4	similar	similar	JJ
work_ijodnynjfzg6pajray343ungoq	261	5	problem	problem	NN
work_ijodnynjfzg6pajray343ungoq	261	6	in	in	IN
work_ijodnynjfzg6pajray343ungoq	261	7	traditional	traditional	JJ
work_ijodnynjfzg6pajray343ungoq	261	8	capital	capital	NN
work_ijodnynjfzg6pajray343ungoq	261	9	budgeting	budgeting	NN
work_ijodnynjfzg6pajray343ungoq	261	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	262	1	Because	because	IN
work_ijodnynjfzg6pajray343ungoq	262	2	estimating	estimate	VBG
work_ijodnynjfzg6pajray343ungoq	262	3	the	the	DT
work_ijodnynjfzg6pajray343ungoq	262	4	value	value	NN
work_ijodnynjfzg6pajray343ungoq	262	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	262	6	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	262	7	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	262	8	difficult	difficult	JJ
work_ijodnynjfzg6pajray343ungoq	262	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	262	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	262	11	tradi-	tradi-	NNP
work_ijodnynjfzg6pajray343ungoq	262	12	tional	tional	JJ
work_ijodnynjfzg6pajray343ungoq	262	13	capital	capital	NN
work_ijodnynjfzg6pajray343ungoq	262	14	budgeting	budgeting	NN
work_ijodnynjfzg6pajray343ungoq	262	15	methods	method	NNS
work_ijodnynjfzg6pajray343ungoq	262	16	can	can	MD
work_ijodnynjfzg6pajray343ungoq	262	17	not	not	RB
work_ijodnynjfzg6pajray343ungoq	262	18	discover	discover	VB
work_ijodnynjfzg6pajray343ungoq	262	19	the	the	DT
work_ijodnynjfzg6pajray343ungoq	262	20	value	value	NN
work_ijodnynjfzg6pajray343ungoq	262	21	of	of	IN
work_ijodnynjfzg6pajray343ungoq	262	22	man-	man-	JJ
work_ijodnynjfzg6pajray343ungoq	262	23	agerial	agerial	JJ
work_ijodnynjfzg6pajray343ungoq	262	24	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	262	25	or	or	CC
work_ijodnynjfzg6pajray343ungoq	262	26	other	other	JJ
work_ijodnynjfzg6pajray343ungoq	262	27	alternatives	alternative	NNS
work_ijodnynjfzg6pajray343ungoq	262	28	within	within	IN
work_ijodnynjfzg6pajray343ungoq	262	29	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	262	30	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	262	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	263	1	As	as	IN
work_ijodnynjfzg6pajray343ungoq	263	2	a	a	DT
work_ijodnynjfzg6pajray343ungoq	263	3	result	result	NN
work_ijodnynjfzg6pajray343ungoq	263	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	263	5	a	a	DT
work_ijodnynjfzg6pajray343ungoq	263	6	potential	potential	JJ
work_ijodnynjfzg6pajray343ungoq	263	7	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	263	8	project	project	NN
work_ijodnynjfzg6pajray343ungoq	263	9	will	will	MD
work_ijodnynjfzg6pajray343ungoq	263	10	be	be	VB
work_ijodnynjfzg6pajray343ungoq	263	11	undervalued	undervalue	VBN
work_ijodnynjfzg6pajray343ungoq	263	12	and	and	CC
work_ijodnynjfzg6pajray343ungoq	263	13	rejected	reject	VBN
work_ijodnynjfzg6pajray343ungoq	263	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	264	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	264	2	rejection	rejection	NN
work_ijodnynjfzg6pajray343ungoq	264	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	264	4	a	a	DT
work_ijodnynjfzg6pajray343ungoq	264	5	potential	potential	JJ
work_ijodnynjfzg6pajray343ungoq	264	6	project	project	NN
work_ijodnynjfzg6pajray343ungoq	264	7	may	may	MD
work_ijodnynjfzg6pajray343ungoq	264	8	incur	incur	VB
work_ijodnynjfzg6pajray343ungoq	264	9	substantial	substantial	JJ
work_ijodnynjfzg6pajray343ungoq	264	10	losses	loss	NNS
work_ijodnynjfzg6pajray343ungoq	264	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	265	1	Nevertheless	nevertheless	RB
work_ijodnynjfzg6pajray343ungoq	265	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	265	3	once	once	IN
work_ijodnynjfzg6pajray343ungoq	265	4	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	265	5	are	be	VBP
work_ijodnynjfzg6pajray343ungoq	265	6	regarded	regard	VBN
work_ijodnynjfzg6pajray343ungoq	265	7	as	as	IN
work_ijodnynjfzg6pajray343ungoq	265	8	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	265	9	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	265	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	265	11	they	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	265	12	can	can	MD
work_ijodnynjfzg6pajray343ungoq	265	13	be	be	VB
work_ijodnynjfzg6pajray343ungoq	265	14	evaluated	evaluate	VBN
work_ijodnynjfzg6pajray343ungoq	265	15	using	use	VBG
work_ijodnynjfzg6pajray343ungoq	265	16	option	option	NN
work_ijodnynjfzg6pajray343ungoq	265	17	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	265	18	models	model	NNS
work_ijodnynjfzg6pajray343ungoq	265	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	266	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	266	2	values	value	NNS
work_ijodnynjfzg6pajray343ungoq	266	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	266	4	these	these	DT
work_ijodnynjfzg6pajray343ungoq	266	5	flexibilities	flexibility	NNS
work_ijodnynjfzg6pajray343ungoq	266	6	become	become	VBP
work_ijodnynjfzg6pajray343ungoq	266	7	measurable	measurable	JJ
work_ijodnynjfzg6pajray343ungoq	266	8	and	and	CC
work_ijodnynjfzg6pajray343ungoq	266	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	266	10	entire	entire	JJ
work_ijodnynjfzg6pajray343ungoq	266	11	value	value	NN
work_ijodnynjfzg6pajray343ungoq	266	12	of	of	IN
work_ijodnynjfzg6pajray343ungoq	266	13	an	an	DT
work_ijodnynjfzg6pajray343ungoq	266	14	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	266	15	project	project	NN
work_ijodnynjfzg6pajray343ungoq	266	16	can	can	MD
work_ijodnynjfzg6pajray343ungoq	266	17	be	be	VB
work_ijodnynjfzg6pajray343ungoq	266	18	revealed	reveal	VBN
work_ijodnynjfzg6pajray343ungoq	266	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	267	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	267	2	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	267	3	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	267	4	technique	technique	NN
work_ijodnynjfzg6pajray343ungoq	267	5	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	267	6	gained	gain	VBN
work_ijodnynjfzg6pajray343ungoq	267	7	popularity	popularity	NN
work_ijodnynjfzg6pajray343ungoq	267	8	in	in	IN
work_ijodnynjfzg6pajray343ungoq	267	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	267	10	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	267	11	of	of	IN
work_ijodnynjfzg6pajray343ungoq	267	12	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	267	13	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	267	14	due	due	JJ
work_ijodnynjfzg6pajray343ungoq	267	15	to	to	IN
work_ijodnynjfzg6pajray343ungoq	267	16	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	267	17	intuitive	intuitive	JJ
work_ijodnynjfzg6pajray343ungoq	267	18	nature	nature	NN
work_ijodnynjfzg6pajray343ungoq	267	19	,	,	,
work_ijodnynjfzg6pajray343ungoq	267	20	ease	ease	NN
work_ijodnynjfzg6pajray343ungoq	267	21	of	of	IN
work_ijodnynjfzg6pajray343ungoq	267	22	imple-	imple-	NNP
work_ijodnynjfzg6pajray343ungoq	267	23	mentation	mentation	NN
work_ijodnynjfzg6pajray343ungoq	267	24	,	,	,
work_ijodnynjfzg6pajray343ungoq	267	25	and	and	CC
work_ijodnynjfzg6pajray343ungoq	267	26	capability	capability	NN
work_ijodnynjfzg6pajray343ungoq	267	27	of	of	IN
work_ijodnynjfzg6pajray343ungoq	267	28	dealing	deal	VBG
work_ijodnynjfzg6pajray343ungoq	267	29	with	with	IN
work_ijodnynjfzg6pajray343ungoq	267	30	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	267	31	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	267	32	.	.	.
work_ijodnynjfzg6pajray343ungoq	268	1	Further-	Further-	NNP
work_ijodnynjfzg6pajray343ungoq	268	2	more	more	RBR
work_ijodnynjfzg6pajray343ungoq	268	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	268	4	in	in	IN
work_ijodnynjfzg6pajray343ungoq	268	5	an	an	DT
work_ijodnynjfzg6pajray343ungoq	268	6	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	268	7	economic	economic	JJ
work_ijodnynjfzg6pajray343ungoq	268	8	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	268	9	making	make	VBG
work_ijodnynjfzg6pajray343ungoq	268	10	environment	environment	NN
work_ijodnynjfzg6pajray343ungoq	268	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	268	12	information	information	NN
work_ijodnynjfzg6pajray343ungoq	268	13	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	268	14	as	as	IN
work_ijodnynjfzg6pajray343ungoq	268	15	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	268	16	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	268	17	,	,	,
work_ijodnynjfzg6pajray343ungoq	268	18	interest	interest	NN
work_ijodnynjfzg6pajray343ungoq	268	19	rate	rate	NN
work_ijodnynjfzg6pajray343ungoq	268	20	,	,	,
work_ijodnynjfzg6pajray343ungoq	268	21	cost	cost	NN
work_ijodnynjfzg6pajray343ungoq	268	22	of	of	IN
work_ijodnynjfzg6pajray343ungoq	268	23	capital	capital	NN
work_ijodnynjfzg6pajray343ungoq	268	24	,	,	,
work_ijodnynjfzg6pajray343ungoq	268	25	and	and	CC
work_ijodnynjfzg6pajray343ungoq	268	26	so	so	RB
work_ijodnynjfzg6pajray343ungoq	268	27	forth	forth	RB
work_ijodnynjfzg6pajray343ungoq	268	28	possess	possess	VBP
work_ijodnynjfzg6pajray343ungoq	268	29	some	some	DT
work_ijodnynjfzg6pajray343ungoq	268	30	vagueness	vagueness	NN
work_ijodnynjfzg6pajray343ungoq	268	31	but	but	CC
work_ijodnynjfzg6pajray343ungoq	268	32	not	not	RB
work_ijodnynjfzg6pajray343ungoq	268	33	randomness	randomness	VB
work_ijodnynjfzg6pajray343ungoq	268	34	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	268	35	Kahraman	Kahraman	NNP
work_ijodnynjfzg6pajray343ungoq	268	36	,	,	,
work_ijodnynjfzg6pajray343ungoq	268	37	Ruan	Ruan	NNP
work_ijodnynjfzg6pajray343ungoq	268	38	,	,	,
work_ijodnynjfzg6pajray343ungoq	268	39	&	&	CC
work_ijodnynjfzg6pajray343ungoq	268	40	Tolga	Tolga	NNP
work_ijodnynjfzg6pajray343ungoq	268	41	,	,	,
work_ijodnynjfzg6pajray343ungoq	268	42	2002	2002	CD
work_ijodnynjfzg6pajray343ungoq	268	43	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	268	44	.	.	.
work_ijodnynjfzg6pajray343ungoq	269	1	Consequently	consequently	RB
work_ijodnynjfzg6pajray343ungoq	269	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	269	3	this	this	DT
work_ijodnynjfzg6pajray343ungoq	269	4	study	study	NN
work_ijodnynjfzg6pajray343ungoq	269	5	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	269	6	proposed	propose	VBN
work_ijodnynjfzg6pajray343ungoq	269	7	the	the	DT
work_ijodnynjfzg6pajray343ungoq	269	8	fuz-	fuz-	NNP
work_ijodnynjfzg6pajray343ungoq	269	9	zy	zy	NNP
work_ijodnynjfzg6pajray343ungoq	269	10	binomial	binomial	NNP
work_ijodnynjfzg6pajray343ungoq	269	11	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	269	12	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	269	13	to	to	TO
work_ijodnynjfzg6pajray343ungoq	269	14	evaluate	evaluate	VB
work_ijodnynjfzg6pajray343ungoq	269	15	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	269	16	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	269	17	with	with	IN
work_ijodnynjfzg6pajray343ungoq	269	18	embedded	embed	VBN
work_ijodnynjfzg6pajray343ungoq	269	19	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	269	20	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	269	21	in	in	IN
work_ijodnynjfzg6pajray343ungoq	269	22	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	269	23	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	269	24	making	make	VBG
work_ijodnynjfzg6pajray343ungoq	269	25	environ	environ	NNP
work_ijodnynjfzg6pajray343ungoq	269	26	ments	ment	NNS
work_ijodnynjfzg6pajray343ungoq	269	27	.	.	.
work_ijodnynjfzg6pajray343ungoq	270	1	Finally	finally	RB
work_ijodnynjfzg6pajray343ungoq	270	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	270	3	combining	combine	VBG
work_ijodnynjfzg6pajray343ungoq	270	4	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	270	5	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	270	6	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	270	7	with	with	IN
work_ijodnynjfzg6pajray343ungoq	270	8	other	other	JJ
work_ijodnynjfzg6pajray343ungoq	270	9	theories	theory	NNS
work_ijodnynjfzg6pajray343ungoq	270	10	has	have	VBZ
work_ijodnynjfzg6pajray343ungoq	270	11	been	be	VBN
work_ijodnynjfzg6pajray343ungoq	270	12	a	a	DT
work_ijodnynjfzg6pajray343ungoq	270	13	significant	significant	JJ
work_ijodnynjfzg6pajray343ungoq	270	14	development	development	NN
work_ijodnynjfzg6pajray343ungoq	270	15	in	in	IN
work_ijodnynjfzg6pajray343ungoq	270	16	recent	recent	JJ
work_ijodnynjfzg6pajray343ungoq	270	17	years	year	NNS
work_ijodnynjfzg6pajray343ungoq	270	18	.	.	.
work_ijodnynjfzg6pajray343ungoq	271	1	Smit	Smit	NNP
work_ijodnynjfzg6pajray343ungoq	271	2	and	and	CC
work_ijodnynjfzg6pajray343ungoq	271	3	Trigeorgis	Trigeorgis	NNP
work_ijodnynjfzg6pajray343ungoq	271	4	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	271	5	2006	2006	CD
work_ijodnynjfzg6pajray343ungoq	271	6	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	271	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	271	8	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	271	9	2007	2007	CD
work_ijodnynjfzg6pajray343ungoq	271	10	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	271	11	combined	combine	VBN
work_ijodnynjfzg6pajray343ungoq	271	12	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	271	13	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	271	14	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	271	15	with	with	IN
work_ijodnynjfzg6pajray343ungoq	271	16	game	game	NN
work_ijodnynjfzg6pajray343ungoq	271	17	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	271	18	to	to	TO
work_ijodnynjfzg6pajray343ungoq	271	19	serve	serve	VB
work_ijodnynjfzg6pajray343ungoq	271	20	as	as	IN
work_ijodnynjfzg6pajray343ungoq	271	21	an	an	DT
work_ijodnynjfzg6pajray343ungoq	271	22	analytical	analytical	JJ
work_ijodnynjfzg6pajray343ungoq	271	23	instrument	instrument	NN
work_ijodnynjfzg6pajray343ungoq	271	24	for	for	IN
work_ijodnynjfzg6pajray343ungoq	271	25	competitive	competitive	JJ
work_ijodnynjfzg6pajray343ungoq	271	26	strategies	strategy	NNS
work_ijodnynjfzg6pajray343ungoq	271	27	in	in	IN
work_ijodnynjfzg6pajray343ungoq	271	28	an	an	DT
work_ijodnynjfzg6pajray343ungoq	271	29	uncertain	uncertain	JJ
work_ijodnynjfzg6pajray343ungoq	271	30	environment	environment	NN
work_ijodnynjfzg6pajray343ungoq	271	31	.	.	.
work_ijodnynjfzg6pajray343ungoq	272	1	They	-PRON-	PRP
work_ijodnynjfzg6pajray343ungoq	272	2	unify	unify	VBP
work_ijodnynjfzg6pajray343ungoq	272	3	two	two	CD
work_ijodnynjfzg6pajray343ungoq	272	4	major	major	JJ
work_ijodnynjfzg6pajray343ungoq	272	5	strands	strand	NNS
work_ijodnynjfzg6pajray343ungoq	272	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	272	7	economic	economic	JJ
work_ijodnynjfzg6pajray343ungoq	272	8	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	272	9	—	—	:
work_ijodnynjfzg6pajray343ungoq	272	10	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	272	11	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	272	12	and	and	CC
work_ijodnynjfzg6pajray343ungoq	272	13	games	game	NNS
work_ijodnynjfzg6pajray343ungoq	272	14	—	—	:
work_ijodnynjfzg6pajray343ungoq	272	15	into	into	IN
work_ijodnynjfzg6pajray343ungoq	272	16	a	a	DT
work_ijodnynjfzg6pajray343ungoq	272	17	single	single	JJ
work_ijodnynjfzg6pajray343ungoq	272	18	,	,	,
work_ijodnynjfzg6pajray343ungoq	272	19	coherent	coherent	JJ
work_ijodnynjfzg6pajray343ungoq	272	20	framework	framework	NN
work_ijodnynjfzg6pajray343ungoq	272	21	and	and	CC
work_ijodnynjfzg6pajray343ungoq	272	22	demonstrate	demonstrate	VB
work_ijodnynjfzg6pajray343ungoq	272	23	how	how	WRB
work_ijodnynjfzg6pajray343ungoq	272	24	these	these	DT
work_ijodnynjfzg6pajray343ungoq	272	25	ideas	idea	NNS
work_ijodnynjfzg6pajray343ungoq	272	26	can	can	MD
work_ijodnynjfzg6pajray343ungoq	272	27	be	be	VB
work_ijodnynjfzg6pajray343ungoq	272	28	applied	apply	VBN
work_ijodnynjfzg6pajray343ungoq	272	29	to	to	IN
work_ijodnynjfzg6pajray343ungoq	272	30	formulating	formulate	VBG
work_ijodnynjfzg6pajray343ungoq	272	31	cor-	cor-	RB
work_ijodnynjfzg6pajray343ungoq	272	32	porate	porate	NN
work_ijodnynjfzg6pajray343ungoq	272	33	strategy	strategy	NN
work_ijodnynjfzg6pajray343ungoq	272	34	.	.	.
work_ijodnynjfzg6pajray343ungoq	273	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	273	2	integrated	integrated	JJ
work_ijodnynjfzg6pajray343ungoq	273	3	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	273	4	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	273	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	273	6	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	273	7	games	game	NNS
work_ijodnynjfzg6pajray343ungoq	273	8	perspective	perspective	NN
work_ijodnynjfzg6pajray343ungoq	273	9	is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	273	10	particularly	particularly	RB
work_ijodnynjfzg6pajray343ungoq	273	11	relevant	relevant	JJ
work_ijodnynjfzg6pajray343ungoq	273	12	for	for	IN
work_ijodnynjfzg6pajray343ungoq	273	13	oligopolistic	oligopolistic	JJ
work_ijodnynjfzg6pajray343ungoq	273	14	and	and	CC
work_ijodnynjfzg6pajray343ungoq	273	15	innovative	innovative	JJ
work_ijodnynjfzg6pajray343ungoq	273	16	industries	industry	NNS
work_ijodnynjfzg6pajray343ungoq	273	17	such	such	JJ
work_ijodnynjfzg6pajray343ungoq	273	18	as	as	IN
work_ijodnynjfzg6pajray343ungoq	273	19	consumer	consumer	NN
work_ijodnynjfzg6pajray343ungoq	273	20	electronics	electronic	NNS
work_ijodnynjfzg6pajray343ungoq	273	21	,	,	,
work_ijodnynjfzg6pajray343ungoq	273	22	telecommunications	telecommunication	NNS
work_ijodnynjfzg6pajray343ungoq	273	23	or	or	CC
work_ijodnynjfzg6pajray343ungoq	273	24	pharmaceuticals	pharmaceutical	NNS
work_ijodnynjfzg6pajray343ungoq	273	25	.	.	.
work_ijodnynjfzg6pajray343ungoq	274	1	References	References	NNPS
work_ijodnynjfzg6pajray343ungoq	274	2	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	274	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	274	4	F.	F.	NNP
work_ijodnynjfzg6pajray343ungoq	274	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	274	6	&	&	CC
work_ijodnynjfzg6pajray343ungoq	274	7	Scholes	Scholes	NNP
work_ijodnynjfzg6pajray343ungoq	274	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	274	9	M.	M.	NNP
work_ijodnynjfzg6pajray343ungoq	274	10	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	274	11	1973	1973	CD
work_ijodnynjfzg6pajray343ungoq	274	12	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	274	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	275	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	275	2	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	275	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	275	4	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	275	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	275	6	corporate	corporate	JJ
work_ijodnynjfzg6pajray343ungoq	275	7	liabilities	liability	NNS
work_ijodnynjfzg6pajray343ungoq	275	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	276	1	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	276	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	276	3	Political	Political	NNP
work_ijodnynjfzg6pajray343ungoq	276	4	Economy	Economy	NNP
work_ijodnynjfzg6pajray343ungoq	276	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	276	6	81	81	CD
work_ijodnynjfzg6pajray343ungoq	276	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	276	8	637–659	637–659	CD
work_ijodnynjfzg6pajray343ungoq	276	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	277	1	Bodjanova	Bodjanova	NNP
work_ijodnynjfzg6pajray343ungoq	277	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	277	3	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	277	4	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	277	5	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	277	6	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	277	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	278	1	Median	median	JJ
work_ijodnynjfzg6pajray343ungoq	278	2	value	value	NN
work_ijodnynjfzg6pajray343ungoq	278	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	278	4	median	median	JJ
work_ijodnynjfzg6pajray343ungoq	278	5	interval	interval	NN
work_ijodnynjfzg6pajray343ungoq	278	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	278	7	a	a	DT
work_ijodnynjfzg6pajray343ungoq	278	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	278	9	number	number	NN
work_ijodnynjfzg6pajray343ungoq	278	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	279	1	Information	Information	NNP
work_ijodnynjfzg6pajray343ungoq	279	2	Sciences	Sciences	NNPS
work_ijodnynjfzg6pajray343ungoq	279	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	279	4	172	172	CD
work_ijodnynjfzg6pajray343ungoq	279	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	279	6	73–89	73–89	CD
work_ijodnynjfzg6pajray343ungoq	279	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	280	1	Bowe	Bowe	NNP
work_ijodnynjfzg6pajray343ungoq	280	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	280	3	M.	M.	NNP
work_ijodnynjfzg6pajray343ungoq	280	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	280	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	280	6	Lee	Lee	NNP
work_ijodnynjfzg6pajray343ungoq	280	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	280	8	D.	D.	NNP
work_ijodnynjfzg6pajray343ungoq	280	9	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	280	10	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	280	11	2004	2004	CD
work_ijodnynjfzg6pajray343ungoq	280	12	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	280	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	281	1	Project	project	NN
work_ijodnynjfzg6pajray343ungoq	281	2	evaluation	evaluation	NN
work_ijodnynjfzg6pajray343ungoq	281	3	in	in	IN
work_ijodnynjfzg6pajray343ungoq	281	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	281	5	presence	presence	NN
work_ijodnynjfzg6pajray343ungoq	281	6	of	of	IN
work_ijodnynjfzg6pajray343ungoq	281	7	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	281	8	embedded	embed	VBN
work_ijodnynjfzg6pajray343ungoq	281	9	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	281	10	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	281	11	:	:	:
work_ijodnynjfzg6pajray343ungoq	281	12	evidence	evidence	NN
work_ijodnynjfzg6pajray343ungoq	281	13	from	from	IN
work_ijodnynjfzg6pajray343ungoq	281	14	the	the	DT
work_ijodnynjfzg6pajray343ungoq	281	15	Taiwan	Taiwan	NNP
work_ijodnynjfzg6pajray343ungoq	281	16	High	High	NNP
work_ijodnynjfzg6pajray343ungoq	281	17	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	281	18	Speed	Speed	NNP
work_ijodnynjfzg6pajray343ungoq	281	19	Rail	Rail	NNP
work_ijodnynjfzg6pajray343ungoq	281	20	Project	Project	NNP
work_ijodnynjfzg6pajray343ungoq	281	21	.	.	.
work_ijodnynjfzg6pajray343ungoq	282	1	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	282	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	282	3	Asian	Asian	NNP
work_ijodnynjfzg6pajray343ungoq	282	4	Economics	Economics	NNP
work_ijodnynjfzg6pajray343ungoq	282	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	282	6	15	15	CD
work_ijodnynjfzg6pajray343ungoq	282	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	282	8	71–98	71–98	CD
work_ijodnynjfzg6pajray343ungoq	282	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	283	1	Bowman	Bowman	NNP
work_ijodnynjfzg6pajray343ungoq	283	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	283	3	E.	E.	NNP
work_ijodnynjfzg6pajray343ungoq	283	4	H.	H.	NNP
work_ijodnynjfzg6pajray343ungoq	283	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	283	6	&	&	CC
work_ijodnynjfzg6pajray343ungoq	283	7	Moskowitz	Moskowitz	NNP
work_ijodnynjfzg6pajray343ungoq	283	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	283	9	G.	G.	NNP
work_ijodnynjfzg6pajray343ungoq	283	10	T.	T.	NNP
work_ijodnynjfzg6pajray343ungoq	283	11	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	283	12	2001	2001	CD
work_ijodnynjfzg6pajray343ungoq	283	13	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	283	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	284	1	Real	real	JJ
work_ijodnynjfzg6pajray343ungoq	284	2	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	284	3	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	284	4	and	and	CC
work_ijodnynjfzg6pajray343ungoq	284	5	strategic	strategic	JJ
work_ijodnynjfzg6pajray343ungoq	284	6	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	284	7	making	making	NN
work_ijodnynjfzg6pajray343ungoq	284	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	285	1	Organization	Organization	NNP
work_ijodnynjfzg6pajray343ungoq	285	2	Science	Science	NNP
work_ijodnynjfzg6pajray343ungoq	285	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	285	4	12	12	CD
work_ijodnynjfzg6pajray343ungoq	285	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	285	6	772–777	772–777	CD
work_ijodnynjfzg6pajray343ungoq	285	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	286	1	Carlsson	Carlsson	NNP
work_ijodnynjfzg6pajray343ungoq	286	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	286	3	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	286	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	286	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	286	6	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	286	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	286	8	R.	R.	NNP
work_ijodnynjfzg6pajray343ungoq	286	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	286	10	2001	2001	CD
work_ijodnynjfzg6pajray343ungoq	286	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	286	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	287	1	On	on	IN
work_ijodnynjfzg6pajray343ungoq	287	2	possibilistic	possibilistic	JJ
work_ijodnynjfzg6pajray343ungoq	287	3	mean	mean	NN
work_ijodnynjfzg6pajray343ungoq	287	4	value	value	NN
work_ijodnynjfzg6pajray343ungoq	287	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	287	6	variance	variance	NN
work_ijodnynjfzg6pajray343ungoq	287	7	of	of	IN
work_ijodnynjfzg6pajray343ungoq	287	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	287	9	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	287	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	288	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	288	2	Sets	Sets	NNPS
work_ijodnynjfzg6pajray343ungoq	288	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	288	4	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	288	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	288	6	122	122	CD
work_ijodnynjfzg6pajray343ungoq	288	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	288	8	315–326	315–326	CD
work_ijodnynjfzg6pajray343ungoq	288	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	289	1	Carlsson	Carlsson	NNP
work_ijodnynjfzg6pajray343ungoq	289	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	289	3	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	289	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	289	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	289	6	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	289	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	289	8	R.	R.	NNP
work_ijodnynjfzg6pajray343ungoq	289	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	289	10	2003	2003	CD
work_ijodnynjfzg6pajray343ungoq	289	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	289	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	290	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	290	2	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	290	3	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	290	4	to	to	IN
work_ijodnynjfzg6pajray343ungoq	290	5	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	290	6	option	option	NN
work_ijodnynjfzg6pajray343ungoq	290	7	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	290	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	291	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	291	2	Sets	Sets	NNPS
work_ijodnynjfzg6pajray343ungoq	291	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	291	4	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	291	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	291	6	139	139	CD
work_ijodnynjfzg6pajray343ungoq	291	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	291	8	297–312	297–312	CD
work_ijodnynjfzg6pajray343ungoq	291	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	292	1	Carlsson	Carlsson	NNP
work_ijodnynjfzg6pajray343ungoq	292	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	292	3	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	292	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	292	5	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	292	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	292	7	R.	R.	NNP
work_ijodnynjfzg6pajray343ungoq	292	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	292	9	Heikkila	Heikkila	NNP
work_ijodnynjfzg6pajray343ungoq	292	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	292	11	M.	M.	NNP
work_ijodnynjfzg6pajray343ungoq	292	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	292	13	&	&	CC
work_ijodnynjfzg6pajray343ungoq	292	14	Majlender	Majlender	NNP
work_ijodnynjfzg6pajray343ungoq	292	15	,	,	,
work_ijodnynjfzg6pajray343ungoq	292	16	P.	P.	NNP
work_ijodnynjfzg6pajray343ungoq	292	17	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	292	18	2007	2007	CD
work_ijodnynjfzg6pajray343ungoq	292	19	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	292	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	293	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	293	2	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	293	3	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	293	4	to	to	IN
work_ijodnynjfzg6pajray343ungoq	293	5	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	293	6	project	project	NN
work_ijodnynjfzg6pajray343ungoq	293	7	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	293	8	selection	selection	NN
work_ijodnynjfzg6pajray343ungoq	293	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	294	1	International	International	NNP
work_ijodnynjfzg6pajray343ungoq	294	2	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	294	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	294	4	Approximate	Approximate	NNP
work_ijodnynjfzg6pajray343ungoq	294	5	Reasoning	Reasoning	NNP
work_ijodnynjfzg6pajray343ungoq	294	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	294	7	44	44	CD
work_ijodnynjfzg6pajray343ungoq	294	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	294	9	93–105	93–105	CD
work_ijodnynjfzg6pajray343ungoq	294	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	295	1	Chen	Chen	NNP
work_ijodnynjfzg6pajray343ungoq	295	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	295	3	T.	T.	NNP
work_ijodnynjfzg6pajray343ungoq	295	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	295	5	Zhang	Zhang	NNP
work_ijodnynjfzg6pajray343ungoq	295	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	295	7	J.	J.	NNP
work_ijodnynjfzg6pajray343ungoq	295	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	295	9	&	&	CC
work_ijodnynjfzg6pajray343ungoq	295	10	Lai	Lai	NNP
work_ijodnynjfzg6pajray343ungoq	295	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	295	12	K.	K.	NNP
work_ijodnynjfzg6pajray343ungoq	295	13	K.	K.	NNP
work_ijodnynjfzg6pajray343ungoq	295	14	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	295	15	2009	2009	CD
work_ijodnynjfzg6pajray343ungoq	295	16	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	295	17	.	.	.
work_ijodnynjfzg6pajray343ungoq	296	1	An	an	DT
work_ijodnynjfzg6pajray343ungoq	296	2	integrated	integrate	VBN
work_ijodnynjfzg6pajray343ungoq	296	3	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	296	4	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	296	5	evaluating	evaluate	VBG
work_ijodnynjfzg6pajray343ungoq	296	6	model	model	NN
work_ijodnynjfzg6pajray343ungoq	296	7	for	for	IN
work_ijodnynjfzg6pajray343ungoq	296	8	information	information	NN
work_ijodnynjfzg6pajray343ungoq	296	9	technology	technology	NN
work_ijodnynjfzg6pajray343ungoq	296	10	projects	project	NNS
work_ijodnynjfzg6pajray343ungoq	296	11	under	under	IN
work_ijodnynjfzg6pajray343ungoq	296	12	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	296	13	risks	risk	NNS
work_ijodnynjfzg6pajray343ungoq	296	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	297	1	International	International	NNP
work_ijodnynjfzg6pajray343ungoq	297	2	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	297	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	297	4	Project	Project	NNP
work_ijodnynjfzg6pajray343ungoq	297	5	Management	Management	NNP
work_ijodnynjfzg6pajray343ungoq	297	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	297	7	27	27	CD
work_ijodnynjfzg6pajray343ungoq	297	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	297	9	776–786	776–786	CD
work_ijodnynjfzg6pajray343ungoq	297	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	298	1	15302	15302	CD
work_ijodnynjfzg6pajray343ungoq	298	2	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	298	3	Ho	Ho	NNP
work_ijodnynjfzg6pajray343ungoq	298	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	298	5	S.-H.	S.-H.	NNP
work_ijodnynjfzg6pajray343ungoq	298	6	Liao	Liao	NNP
work_ijodnynjfzg6pajray343ungoq	298	7	/	/	SYM
work_ijodnynjfzg6pajray343ungoq	298	8	Expert	Expert	NNP
work_ijodnynjfzg6pajray343ungoq	298	9	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	298	10	with	with	IN
work_ijodnynjfzg6pajray343ungoq	298	11	Applications	Applications	NNP
work_ijodnynjfzg6pajray343ungoq	298	12	38	38	CD
work_ijodnynjfzg6pajray343ungoq	298	13	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	298	14	2011	2011	CD
work_ijodnynjfzg6pajray343ungoq	298	15	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	298	16	15296–15302	15296–15302	CD
work_ijodnynjfzg6pajray343ungoq	298	17	Chiu	Chiu	NNP
work_ijodnynjfzg6pajray343ungoq	298	18	,	,	,
work_ijodnynjfzg6pajray343ungoq	298	19	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	298	20	Y.	Y.	NNP
work_ijodnynjfzg6pajray343ungoq	298	21	,	,	,
work_ijodnynjfzg6pajray343ungoq	298	22	&	&	CC
work_ijodnynjfzg6pajray343ungoq	298	23	Park	Park	NNP
work_ijodnynjfzg6pajray343ungoq	298	24	,	,	,
work_ijodnynjfzg6pajray343ungoq	298	25	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	298	26	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	298	27	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	298	28	1994	1994	CD
work_ijodnynjfzg6pajray343ungoq	298	29	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	298	30	.	.	.
work_ijodnynjfzg6pajray343ungoq	299	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	299	2	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	299	3	flow	flow	NN
work_ijodnynjfzg6pajray343ungoq	299	4	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	299	5	using	use	VBG
work_ijodnynjfzg6pajray343ungoq	299	6	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	299	7	worth	worth	JJ
work_ijodnynjfzg6pajray343ungoq	299	8	criterion	criterion	NN
work_ijodnynjfzg6pajray343ungoq	299	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	300	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	300	2	Engineering	Engineering	NNP
work_ijodnynjfzg6pajray343ungoq	300	3	Economist	Economist	NNP
work_ijodnynjfzg6pajray343ungoq	300	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	300	5	39	39	CD
work_ijodnynjfzg6pajray343ungoq	300	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	300	7	113–137	113–137	CD
work_ijodnynjfzg6pajray343ungoq	300	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	301	1	Cox	Cox	NNP
work_ijodnynjfzg6pajray343ungoq	301	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	301	3	J.	J.	NNP
work_ijodnynjfzg6pajray343ungoq	301	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	301	5	Ross	Ross	NNP
work_ijodnynjfzg6pajray343ungoq	301	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	301	7	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	301	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	301	9	&	&	CC
work_ijodnynjfzg6pajray343ungoq	301	10	Rubinstein	Rubinstein	NNP
work_ijodnynjfzg6pajray343ungoq	301	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	301	12	M.	M.	NNP
work_ijodnynjfzg6pajray343ungoq	301	13	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	301	14	1979	1979	CD
work_ijodnynjfzg6pajray343ungoq	301	15	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	301	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	302	1	Option	option	NN
work_ijodnynjfzg6pajray343ungoq	302	2	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	302	3	:	:	:
work_ijodnynjfzg6pajray343ungoq	302	4	A	a	DT
work_ijodnynjfzg6pajray343ungoq	302	5	simplified	simplified	JJ
work_ijodnynjfzg6pajray343ungoq	302	6	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	302	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	303	1	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	303	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	303	3	Financial	Financial	NNP
work_ijodnynjfzg6pajray343ungoq	303	4	Economics	Economics	NNP
work_ijodnynjfzg6pajray343ungoq	303	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	303	6	7	7	CD
work_ijodnynjfzg6pajray343ungoq	303	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	303	8	229–263	229–263	CD
work_ijodnynjfzg6pajray343ungoq	303	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	304	1	Dixit	Dixit	NNP
work_ijodnynjfzg6pajray343ungoq	304	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	304	3	A.	a.	NN
work_ijodnynjfzg6pajray343ungoq	304	4	K.	K.	NNP
work_ijodnynjfzg6pajray343ungoq	304	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	304	6	&	&	CC
work_ijodnynjfzg6pajray343ungoq	304	7	Pindyck	Pindyck	NNP
work_ijodnynjfzg6pajray343ungoq	304	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	304	9	R.	R.	NNP
work_ijodnynjfzg6pajray343ungoq	304	10	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	304	11	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	304	12	1995	1995	CD
work_ijodnynjfzg6pajray343ungoq	304	13	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	304	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	305	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	305	2	option	option	NN
work_ijodnynjfzg6pajray343ungoq	305	3	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	305	4	to	to	IN
work_ijodnynjfzg6pajray343ungoq	305	5	capital	capital	NN
work_ijodnynjfzg6pajray343ungoq	305	6	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	305	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	306	1	Harvard	Harvard	NNP
work_ijodnynjfzg6pajray343ungoq	306	2	Business	Business	NNP
work_ijodnynjfzg6pajray343ungoq	306	3	Review	Review	NNP
work_ijodnynjfzg6pajray343ungoq	306	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	306	5	73	73	CD
work_ijodnynjfzg6pajray343ungoq	306	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	306	7	105–115	105–115	CD
work_ijodnynjfzg6pajray343ungoq	306	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	307	1	Fuller	Fuller	NNP
work_ijodnynjfzg6pajray343ungoq	307	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	307	3	R.	R.	NNP
work_ijodnynjfzg6pajray343ungoq	307	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	307	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	307	6	Majlender	Majlender	NNP
work_ijodnynjfzg6pajray343ungoq	307	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	307	8	P.	P.	NNP
work_ijodnynjfzg6pajray343ungoq	307	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	307	10	2003	2003	CD
work_ijodnynjfzg6pajray343ungoq	307	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	307	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	308	1	On	on	IN
work_ijodnynjfzg6pajray343ungoq	308	2	weighted	weighted	JJ
work_ijodnynjfzg6pajray343ungoq	308	3	possibilistic	possibilistic	JJ
work_ijodnynjfzg6pajray343ungoq	308	4	mean	mean	NN
work_ijodnynjfzg6pajray343ungoq	308	5	and	and	CC
work_ijodnynjfzg6pajray343ungoq	308	6	variance	variance	NN
work_ijodnynjfzg6pajray343ungoq	308	7	of	of	IN
work_ijodnynjfzg6pajray343ungoq	308	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	308	9	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	308	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	309	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	309	2	Sets	Sets	NNPS
work_ijodnynjfzg6pajray343ungoq	309	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	309	4	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	309	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	309	6	136	136	CD
work_ijodnynjfzg6pajray343ungoq	309	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	309	8	363–374	363–374	CD
work_ijodnynjfzg6pajray343ungoq	309	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	310	1	Hahn	Hahn	NNP
work_ijodnynjfzg6pajray343ungoq	310	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	310	3	W.	W.	NNP
work_ijodnynjfzg6pajray343ungoq	310	4	J.	J.	NNP
work_ijodnynjfzg6pajray343ungoq	310	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	310	6	&	&	CC
work_ijodnynjfzg6pajray343ungoq	310	7	Dyer	Dyer	NNP
work_ijodnynjfzg6pajray343ungoq	310	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	310	9	J.	J.	NNP
work_ijodnynjfzg6pajray343ungoq	310	10	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	310	11	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	310	12	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	310	13	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	310	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	311	1	Discrete	discrete	JJ
work_ijodnynjfzg6pajray343ungoq	311	2	time	time	NN
work_ijodnynjfzg6pajray343ungoq	311	3	modeling	modeling	NN
work_ijodnynjfzg6pajray343ungoq	311	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	311	5	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	311	6	-	-	HYPH
work_ijodnynjfzg6pajray343ungoq	311	7	reverting	revert	VBG
work_ijodnynjfzg6pajray343ungoq	311	8	stochastic	stochastic	JJ
work_ijodnynjfzg6pajray343ungoq	311	9	processes	process	NNS
work_ijodnynjfzg6pajray343ungoq	311	10	for	for	IN
work_ijodnynjfzg6pajray343ungoq	311	11	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	311	12	option	option	NN
work_ijodnynjfzg6pajray343ungoq	311	13	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	311	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	312	1	European	European	NNP
work_ijodnynjfzg6pajray343ungoq	312	2	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	312	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	312	4	Operational	Operational	NNP
work_ijodnynjfzg6pajray343ungoq	312	5	Research	Research	NNP
work_ijodnynjfzg6pajray343ungoq	312	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	312	7	184	184	CD
work_ijodnynjfzg6pajray343ungoq	312	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	312	9	534–548	534–548	CD
work_ijodnynjfzg6pajray343ungoq	312	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	313	1	Kahraman	Kahraman	NNP
work_ijodnynjfzg6pajray343ungoq	313	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	313	3	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	313	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	313	5	Ruan	Ruan	NNP
work_ijodnynjfzg6pajray343ungoq	313	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	313	7	D.	D.	NNP
work_ijodnynjfzg6pajray343ungoq	313	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	313	9	&	&	CC
work_ijodnynjfzg6pajray343ungoq	313	10	Tolga	Tolga	NNP
work_ijodnynjfzg6pajray343ungoq	313	11	,	,	,
work_ijodnynjfzg6pajray343ungoq	313	12	E.	E.	NNP
work_ijodnynjfzg6pajray343ungoq	313	13	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	313	14	2002	2002	CD
work_ijodnynjfzg6pajray343ungoq	313	15	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	313	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	314	1	Capital	capital	NN
work_ijodnynjfzg6pajray343ungoq	314	2	budgeting	budgeting	NN
work_ijodnynjfzg6pajray343ungoq	314	3	techniques	technique	NNS
work_ijodnynjfzg6pajray343ungoq	314	4	using	use	VBG
work_ijodnynjfzg6pajray343ungoq	314	5	discounted	discount	VBN
work_ijodnynjfzg6pajray343ungoq	314	6	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	314	7	versus	versus	IN
work_ijodnynjfzg6pajray343ungoq	314	8	probabilistic	probabilistic	JJ
work_ijodnynjfzg6pajray343ungoq	314	9	cash	cash	NN
work_ijodnynjfzg6pajray343ungoq	314	10	flows	flow	NNS
work_ijodnynjfzg6pajray343ungoq	314	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	315	1	Information	Information	NNP
work_ijodnynjfzg6pajray343ungoq	315	2	Sciences	Sciences	NNPS
work_ijodnynjfzg6pajray343ungoq	315	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	315	4	142	142	CD
work_ijodnynjfzg6pajray343ungoq	315	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	315	6	57–76	57–76	CD
work_ijodnynjfzg6pajray343ungoq	315	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	316	1	Lee	Lee	NNP
work_ijodnynjfzg6pajray343ungoq	316	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	316	3	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	316	4	F.	F.	NNP
work_ijodnynjfzg6pajray343ungoq	316	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	316	6	Tzeng	Tzeng	NNP
work_ijodnynjfzg6pajray343ungoq	316	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	316	8	G.	G.	NNP
work_ijodnynjfzg6pajray343ungoq	316	9	H.	H.	NNP
work_ijodnynjfzg6pajray343ungoq	316	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	316	11	&	&	CC
work_ijodnynjfzg6pajray343ungoq	316	12	Wang	Wang	NNP
work_ijodnynjfzg6pajray343ungoq	316	13	,	,	,
work_ijodnynjfzg6pajray343ungoq	316	14	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	316	15	Y.	Y.	NNP
work_ijodnynjfzg6pajray343ungoq	317	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	317	2	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	317	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	317	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	318	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	318	2	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	318	3	application	application	NN
work_ijodnynjfzg6pajray343ungoq	318	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	318	5	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	318	6	set	set	NN
work_ijodnynjfzg6pajray343ungoq	318	7	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	318	8	to	to	IN
work_ijodnynjfzg6pajray343ungoq	318	9	the	the	DT
work_ijodnynjfzg6pajray343ungoq	318	10	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	318	11	–	–	:
work_ijodnynjfzg6pajray343ungoq	318	12	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	318	13	option	option	NN
work_ijodnynjfzg6pajray343ungoq	318	14	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	318	15	model	model	NN
work_ijodnynjfzg6pajray343ungoq	318	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	319	1	Expert	expert	NN
work_ijodnynjfzg6pajray343ungoq	319	2	Systems	system	NNS
work_ijodnynjfzg6pajray343ungoq	319	3	with	with	IN
work_ijodnynjfzg6pajray343ungoq	319	4	Applications	Applications	NNPS
work_ijodnynjfzg6pajray343ungoq	319	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	319	6	29	29	CD
work_ijodnynjfzg6pajray343ungoq	319	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	319	8	330–342	330–342	CD
work_ijodnynjfzg6pajray343ungoq	319	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	320	1	Liu	Liu	NNP
work_ijodnynjfzg6pajray343ungoq	320	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	320	3	F.	F.	NNP
work_ijodnynjfzg6pajray343ungoq	320	4	Y.	Y.	NNP
work_ijodnynjfzg6pajray343ungoq	321	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	321	2	2009	2009	CD
work_ijodnynjfzg6pajray343ungoq	321	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	321	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	322	1	Pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	322	2	currency	currency	NN
work_ijodnynjfzg6pajray343ungoq	322	3	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	322	4	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	322	5	on	on	IN
work_ijodnynjfzg6pajray343ungoq	322	6	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	322	7	techniques	technique	NNS
work_ijodnynjfzg6pajray343ungoq	322	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	323	1	European	European	NNP
work_ijodnynjfzg6pajray343ungoq	323	2	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	323	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	323	4	Operational	Operational	NNP
work_ijodnynjfzg6pajray343ungoq	323	5	Research	Research	NNP
work_ijodnynjfzg6pajray343ungoq	323	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	323	7	193	193	CD
work_ijodnynjfzg6pajray343ungoq	323	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	323	9	530–540	530–540	CD
work_ijodnynjfzg6pajray343ungoq	323	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	324	1	Luehrman	Luehrman	NNP
work_ijodnynjfzg6pajray343ungoq	324	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	324	3	T.	t.	NN
work_ijodnynjfzg6pajray343ungoq	324	4	A.	a.	NN
work_ijodnynjfzg6pajray343ungoq	325	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	325	2	1998	1998	CD
work_ijodnynjfzg6pajray343ungoq	325	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	325	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	326	1	Investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	326	2	opportunities	opportunity	NNS
work_ijodnynjfzg6pajray343ungoq	326	3	as	as	IN
work_ijodnynjfzg6pajray343ungoq	326	4	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	326	5	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	326	6	:	:	:
work_ijodnynjfzg6pajray343ungoq	326	7	Getting	get	VBG
work_ijodnynjfzg6pajray343ungoq	326	8	started	start	VBD
work_ijodnynjfzg6pajray343ungoq	326	9	on	on	IN
work_ijodnynjfzg6pajray343ungoq	326	10	the	the	DT
work_ijodnynjfzg6pajray343ungoq	326	11	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	326	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	327	1	Harvard	Harvard	NNP
work_ijodnynjfzg6pajray343ungoq	327	2	Business	Business	NNP
work_ijodnynjfzg6pajray343ungoq	327	3	Review	Review	NNP
work_ijodnynjfzg6pajray343ungoq	327	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	327	5	51–67	51–67	CD
work_ijodnynjfzg6pajray343ungoq	327	6	.	.	.
work_ijodnynjfzg6pajray343ungoq	328	1	Miller	Miller	NNP
work_ijodnynjfzg6pajray343ungoq	328	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	328	3	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	328	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	328	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	328	6	Bertus	Bertus	NNP
work_ijodnynjfzg6pajray343ungoq	328	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	328	8	M.	M.	NNP
work_ijodnynjfzg6pajray343ungoq	328	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	328	10	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	328	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	328	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	329	1	License	license	NN
work_ijodnynjfzg6pajray343ungoq	329	2	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	329	3	in	in	IN
work_ijodnynjfzg6pajray343ungoq	329	4	the	the	DT
work_ijodnynjfzg6pajray343ungoq	329	5	aerospace	aerospace	NN
work_ijodnynjfzg6pajray343ungoq	329	6	industry	industry	NN
work_ijodnynjfzg6pajray343ungoq	329	7	:	:	:
work_ijodnynjfzg6pajray343ungoq	329	8	A	a	DT
work_ijodnynjfzg6pajray343ungoq	329	9	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	329	10	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	329	11	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	329	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	330	1	Review	Review	NNP
work_ijodnynjfzg6pajray343ungoq	330	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	330	3	Financial	Financial	NNP
work_ijodnynjfzg6pajray343ungoq	330	4	Economics	Economics	NNP
work_ijodnynjfzg6pajray343ungoq	330	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	330	6	14	14	CD
work_ijodnynjfzg6pajray343ungoq	330	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	330	8	225–239	225–239	CD
work_ijodnynjfzg6pajray343ungoq	330	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	331	1	Muzzioli	Muzzioli	NNP
work_ijodnynjfzg6pajray343ungoq	331	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	331	3	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	331	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	331	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	331	6	Reynaerts	Reynaerts	NNP
work_ijodnynjfzg6pajray343ungoq	331	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	331	8	H.	H.	NNP
work_ijodnynjfzg6pajray343ungoq	331	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	331	10	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	331	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	331	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	332	1	American	american	JJ
work_ijodnynjfzg6pajray343ungoq	332	2	option	option	NN
work_ijodnynjfzg6pajray343ungoq	332	3	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	332	4	with	with	IN
work_ijodnynjfzg6pajray343ungoq	332	5	imprecise	imprecise	NN
work_ijodnynjfzg6pajray343ungoq	332	6	risk-	risk-	NN
work_ijodnynjfzg6pajray343ungoq	332	7	neutral	neutral	JJ
work_ijodnynjfzg6pajray343ungoq	332	8	probabilities	probability	NNS
work_ijodnynjfzg6pajray343ungoq	332	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	333	1	International	International	NNP
work_ijodnynjfzg6pajray343ungoq	333	2	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	333	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	333	4	Approximate	Approximate	NNP
work_ijodnynjfzg6pajray343ungoq	333	5	Reasoning	Reasoning	NNP
work_ijodnynjfzg6pajray343ungoq	333	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	333	7	49	49	CD
work_ijodnynjfzg6pajray343ungoq	333	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	333	9	140–147	140–147	CD
work_ijodnynjfzg6pajray343ungoq	333	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	334	1	Muzzioli	Muzzioli	NNP
work_ijodnynjfzg6pajray343ungoq	334	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	334	3	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	334	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	334	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	334	6	Torricelli	Torricelli	NNP
work_ijodnynjfzg6pajray343ungoq	334	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	334	8	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	334	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	334	10	2004	2004	CD
work_ijodnynjfzg6pajray343ungoq	334	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	334	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	335	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	335	2	multiperiod	multiperiod	NN
work_ijodnynjfzg6pajray343ungoq	335	3	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	335	4	model	model	NN
work_ijodnynjfzg6pajray343ungoq	335	5	for	for	IN
work_ijodnynjfzg6pajray343ungoq	335	6	pricing	pricing	NN
work_ijodnynjfzg6pajray343ungoq	335	7	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	335	8	in	in	IN
work_ijodnynjfzg6pajray343ungoq	335	9	a	a	DT
work_ijodnynjfzg6pajray343ungoq	335	10	vague	vague	JJ
work_ijodnynjfzg6pajray343ungoq	335	11	world	world	NN
work_ijodnynjfzg6pajray343ungoq	335	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	336	1	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	336	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	336	3	Economic	Economic	NNP
work_ijodnynjfzg6pajray343ungoq	336	4	Dynamics	Dynamics	NNP
work_ijodnynjfzg6pajray343ungoq	336	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	336	6	Control	Control	NNP
work_ijodnynjfzg6pajray343ungoq	336	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	336	8	28	28	CD
work_ijodnynjfzg6pajray343ungoq	336	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	336	10	861–887	861–887	CD
work_ijodnynjfzg6pajray343ungoq	336	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	337	1	Reyck	Reyck	NNP
work_ijodnynjfzg6pajray343ungoq	337	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	337	3	B.	B.	NNP
work_ijodnynjfzg6pajray343ungoq	337	4	D.	D.	NNP
work_ijodnynjfzg6pajray343ungoq	337	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	337	6	Degraeve	Degraeve	NNP
work_ijodnynjfzg6pajray343ungoq	337	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	337	8	Z.	Z.	NNP
work_ijodnynjfzg6pajray343ungoq	337	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	337	10	&	&	CC
work_ijodnynjfzg6pajray343ungoq	337	11	Vandenborre	Vandenborre	NNP
work_ijodnynjfzg6pajray343ungoq	337	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	337	13	R.	R.	NNP
work_ijodnynjfzg6pajray343ungoq	337	14	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	337	15	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	337	16	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	337	17	.	.	.
work_ijodnynjfzg6pajray343ungoq	338	1	Project	project	NN
work_ijodnynjfzg6pajray343ungoq	338	2	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	338	3	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	338	4	with	with	IN
work_ijodnynjfzg6pajray343ungoq	338	5	net	net	JJ
work_ijodnynjfzg6pajray343ungoq	338	6	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	338	7	value	value	NN
work_ijodnynjfzg6pajray343ungoq	338	8	and	and	CC
work_ijodnynjfzg6pajray343ungoq	338	9	decision	decision	NN
work_ijodnynjfzg6pajray343ungoq	338	10	tree	tree	NN
work_ijodnynjfzg6pajray343ungoq	338	11	analysis	analysis	NN
work_ijodnynjfzg6pajray343ungoq	338	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	339	1	European	European	NNP
work_ijodnynjfzg6pajray343ungoq	339	2	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	339	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	339	4	Operational	Operational	NNP
work_ijodnynjfzg6pajray343ungoq	339	5	Research	Research	NNP
work_ijodnynjfzg6pajray343ungoq	339	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	339	7	184	184	CD
work_ijodnynjfzg6pajray343ungoq	339	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	339	9	341–355	341–355	CD
work_ijodnynjfzg6pajray343ungoq	339	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	340	1	Sheen	Sheen	NNP
work_ijodnynjfzg6pajray343ungoq	340	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	340	3	J.	J.	NNP
work_ijodnynjfzg6pajray343ungoq	340	4	N.	N.	NNP
work_ijodnynjfzg6pajray343ungoq	340	5	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	340	6	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	340	7	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	340	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	341	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	341	2	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	341	3	profitability	profitability	NN
work_ijodnynjfzg6pajray343ungoq	341	4	analyses	analysis	NNS
work_ijodnynjfzg6pajray343ungoq	341	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	341	6	demand	demand	NN
work_ijodnynjfzg6pajray343ungoq	341	7	side	side	NN
work_ijodnynjfzg6pajray343ungoq	341	8	management	management	NN
work_ijodnynjfzg6pajray343ungoq	341	9	alternatives	alternative	NNS
work_ijodnynjfzg6pajray343ungoq	341	10	from	from	IN
work_ijodnynjfzg6pajray343ungoq	341	11	participant	participant	JJ
work_ijodnynjfzg6pajray343ungoq	341	12	perspective	perspective	NN
work_ijodnynjfzg6pajray343ungoq	341	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	342	1	Information	Information	NNP
work_ijodnynjfzg6pajray343ungoq	342	2	Sciences	Sciences	NNPS
work_ijodnynjfzg6pajray343ungoq	342	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	342	4	169	169	CD
work_ijodnynjfzg6pajray343ungoq	342	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	342	6	329–364	329–364	CD
work_ijodnynjfzg6pajray343ungoq	342	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	343	1	Smit	smit	NN
work_ijodnynjfzg6pajray343ungoq	343	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	343	3	H.	h.	NN
work_ijodnynjfzg6pajray343ungoq	343	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	343	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	343	6	Trigeorgis	Trigeorgis	NNP
work_ijodnynjfzg6pajray343ungoq	343	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	343	8	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	343	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	343	10	2006	2006	CD
work_ijodnynjfzg6pajray343ungoq	343	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	343	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	344	1	Real	real	JJ
work_ijodnynjfzg6pajray343ungoq	344	2	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	344	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	344	4	games	game	NNS
work_ijodnynjfzg6pajray343ungoq	344	5	:	:	:
work_ijodnynjfzg6pajray343ungoq	344	6	Competition	competition	NN
work_ijodnynjfzg6pajray343ungoq	344	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	344	8	alliances	alliance	NNS
work_ijodnynjfzg6pajray343ungoq	344	9	and	and	CC
work_ijodnynjfzg6pajray343ungoq	344	10	other	other	JJ
work_ijodnynjfzg6pajray343ungoq	344	11	applications	application	NNS
work_ijodnynjfzg6pajray343ungoq	344	12	of	of	IN
work_ijodnynjfzg6pajray343ungoq	344	13	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	344	14	and	and	CC
work_ijodnynjfzg6pajray343ungoq	344	15	strategy	strategy	NN
work_ijodnynjfzg6pajray343ungoq	344	16	.	.	.
work_ijodnynjfzg6pajray343ungoq	345	1	Review	Review	NNP
work_ijodnynjfzg6pajray343ungoq	345	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	345	3	Financial	Financial	NNP
work_ijodnynjfzg6pajray343ungoq	345	4	Economics	Economics	NNP
work_ijodnynjfzg6pajray343ungoq	345	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	345	6	15	15	CD
work_ijodnynjfzg6pajray343ungoq	345	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	345	8	95–112	95–112	CD
work_ijodnynjfzg6pajray343ungoq	345	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	346	1	Smit	smit	NN
work_ijodnynjfzg6pajray343ungoq	346	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	346	3	H.	h.	NN
work_ijodnynjfzg6pajray343ungoq	346	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	346	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	346	6	Trigeorgis	Trigeorgis	NNP
work_ijodnynjfzg6pajray343ungoq	346	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	346	8	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	346	9	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	346	10	2007	2007	CD
work_ijodnynjfzg6pajray343ungoq	346	11	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	346	12	.	.	.
work_ijodnynjfzg6pajray343ungoq	347	1	Strategic	strategic	JJ
work_ijodnynjfzg6pajray343ungoq	347	2	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	347	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	347	4	games	game	NNS
work_ijodnynjfzg6pajray343ungoq	347	5	in	in	IN
work_ijodnynjfzg6pajray343ungoq	347	6	analyzing	analyze	VBG
work_ijodnynjfzg6pajray343ungoq	347	7	dynamic	dynamic	JJ
work_ijodnynjfzg6pajray343ungoq	347	8	technology	technology	NN
work_ijodnynjfzg6pajray343ungoq	347	9	investments	investment	NNS
work_ijodnynjfzg6pajray343ungoq	347	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	348	1	Long	Long	NNP
work_ijodnynjfzg6pajray343ungoq	348	2	Range	Range	NNP
work_ijodnynjfzg6pajray343ungoq	348	3	Planning	Planning	NNP
work_ijodnynjfzg6pajray343ungoq	348	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	348	5	40	40	CD
work_ijodnynjfzg6pajray343ungoq	348	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	348	7	84–114	84–114	CD
work_ijodnynjfzg6pajray343ungoq	348	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	349	1	Thiagarajah	Thiagarajah	NNP
work_ijodnynjfzg6pajray343ungoq	349	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	349	3	K.	K.	NNP
work_ijodnynjfzg6pajray343ungoq	349	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	349	5	Appadoo	Appadoo	NNP
work_ijodnynjfzg6pajray343ungoq	349	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	349	7	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	349	8	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	349	9	,	,	,
work_ijodnynjfzg6pajray343ungoq	349	10	&	&	CC
work_ijodnynjfzg6pajray343ungoq	349	11	Thavaneswaran	Thavaneswaran	NNP
work_ijodnynjfzg6pajray343ungoq	349	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	349	13	A.	a.	NN
work_ijodnynjfzg6pajray343ungoq	350	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	350	2	2007	2007	CD
work_ijodnynjfzg6pajray343ungoq	350	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	350	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	351	1	Option	option	NN
work_ijodnynjfzg6pajray343ungoq	351	2	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	351	3	model	model	NN
work_ijodnynjfzg6pajray343ungoq	351	4	with	with	IN
work_ijodnynjfzg6pajray343ungoq	351	5	adaptive	adaptive	JJ
work_ijodnynjfzg6pajray343ungoq	351	6	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	351	7	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	351	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	352	1	Computers	computer	NNS
work_ijodnynjfzg6pajray343ungoq	352	2	and	and	CC
work_ijodnynjfzg6pajray343ungoq	352	3	Mathematics	Mathematics	NNPS
work_ijodnynjfzg6pajray343ungoq	352	4	with	with	IN
work_ijodnynjfzg6pajray343ungoq	352	5	Applications	Applications	NNPS
work_ijodnynjfzg6pajray343ungoq	352	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	352	7	53	53	CD
work_ijodnynjfzg6pajray343ungoq	352	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	352	9	831–841	831–841	CD
work_ijodnynjfzg6pajray343ungoq	352	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	353	1	Trigeorgis	Trigeorgis	NNP
work_ijodnynjfzg6pajray343ungoq	353	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	353	3	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	353	4	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	353	5	1993	1993	CD
work_ijodnynjfzg6pajray343ungoq	353	6	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	353	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	354	1	Real	real	JJ
work_ijodnynjfzg6pajray343ungoq	354	2	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	354	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	354	4	interactions	interaction	NNS
work_ijodnynjfzg6pajray343ungoq	354	5	with	with	IN
work_ijodnynjfzg6pajray343ungoq	354	6	financial	financial	JJ
work_ijodnynjfzg6pajray343ungoq	354	7	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	354	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	355	1	Financial	Financial	NNP
work_ijodnynjfzg6pajray343ungoq	355	2	Management	Management	NNP
work_ijodnynjfzg6pajray343ungoq	355	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	355	4	22	22	CD
work_ijodnynjfzg6pajray343ungoq	355	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	355	6	202–224	202–224	CD
work_ijodnynjfzg6pajray343ungoq	355	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	356	1	Wang	Wang	NNP
work_ijodnynjfzg6pajray343ungoq	356	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	356	3	J.	J.	NNP
work_ijodnynjfzg6pajray343ungoq	356	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	356	5	&	&	CC
work_ijodnynjfzg6pajray343ungoq	356	6	Hwang	Hwang	NNP
work_ijodnynjfzg6pajray343ungoq	356	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	356	8	W.	W.	NNP
work_ijodnynjfzg6pajray343ungoq	356	9	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	356	10	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	356	11	2007	2007	CD
work_ijodnynjfzg6pajray343ungoq	356	12	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	356	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	357	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	357	2	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	357	3	set	set	VBN
work_ijodnynjfzg6pajray343ungoq	357	4	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	357	5	for	for	IN
work_ijodnynjfzg6pajray343ungoq	357	6	R&D	r&d	NN
work_ijodnynjfzg6pajray343ungoq	357	7	portfolio	portfolio	NN
work_ijodnynjfzg6pajray343ungoq	357	8	selection	selection	NN
work_ijodnynjfzg6pajray343ungoq	357	9	using	use	VBG
work_ijodnynjfzg6pajray343ungoq	357	10	a	a	DT
work_ijodnynjfzg6pajray343ungoq	357	11	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	357	12	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	357	13	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	357	14	model	model	NN
work_ijodnynjfzg6pajray343ungoq	357	15	.	.	.
work_ijodnynjfzg6pajray343ungoq	358	1	Omega	Omega	NNP
work_ijodnynjfzg6pajray343ungoq	358	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	358	3	35	35	CD
work_ijodnynjfzg6pajray343ungoq	358	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	358	5	247–257	247–257	CD
work_ijodnynjfzg6pajray343ungoq	358	6	.	.	.
work_ijodnynjfzg6pajray343ungoq	359	1	Wu	Wu	NNP
work_ijodnynjfzg6pajray343ungoq	359	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	359	3	H.	H.	NNP
work_ijodnynjfzg6pajray343ungoq	359	4	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	359	5	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	359	6	2004	2004	CD
work_ijodnynjfzg6pajray343ungoq	359	7	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	359	8	.	.	.
work_ijodnynjfzg6pajray343ungoq	360	1	Pricing	price	VBG
work_ijodnynjfzg6pajray343ungoq	360	2	European	european	JJ
work_ijodnynjfzg6pajray343ungoq	360	3	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	360	4	based	base	VBN
work_ijodnynjfzg6pajray343ungoq	360	5	on	on	IN
work_ijodnynjfzg6pajray343ungoq	360	6	the	the	DT
work_ijodnynjfzg6pajray343ungoq	360	7	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	360	8	pattern	pattern	NN
work_ijodnynjfzg6pajray343ungoq	360	9	of	of	IN
work_ijodnynjfzg6pajray343ungoq	360	10	Black	Black	NNP
work_ijodnynjfzg6pajray343ungoq	360	11	–	–	:
work_ijodnynjfzg6pajray343ungoq	360	12	Scholes	schole	NNS
work_ijodnynjfzg6pajray343ungoq	360	13	formula	formula	NN
work_ijodnynjfzg6pajray343ungoq	360	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	361	1	Computers	Computers	NNP
work_ijodnynjfzg6pajray343ungoq	361	2	&	&	CC
work_ijodnynjfzg6pajray343ungoq	361	3	Operations	Operations	NNPS
work_ijodnynjfzg6pajray343ungoq	361	4	Research	Research	NNP
work_ijodnynjfzg6pajray343ungoq	361	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	361	6	31	31	CD
work_ijodnynjfzg6pajray343ungoq	361	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	361	8	1069–1081	1069–1081	CD
work_ijodnynjfzg6pajray343ungoq	361	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	362	1	Wu	Wu	NNP
work_ijodnynjfzg6pajray343ungoq	362	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	362	3	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	362	4	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	362	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	362	6	Ong	Ong	NNP
work_ijodnynjfzg6pajray343ungoq	362	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	362	8	C.	C.	NNP
work_ijodnynjfzg6pajray343ungoq	362	9	S.	S.	NNP
work_ijodnynjfzg6pajray343ungoq	362	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	362	11	&	&	CC
work_ijodnynjfzg6pajray343ungoq	362	12	Hsu	Hsu	NNP
work_ijodnynjfzg6pajray343ungoq	362	13	,	,	,
work_ijodnynjfzg6pajray343ungoq	362	14	Y.	Y.	NNP
work_ijodnynjfzg6pajray343ungoq	362	15	W.	W.	NNP
work_ijodnynjfzg6pajray343ungoq	362	16	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	362	17	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	362	18	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	362	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	363	1	Active	active	JJ
work_ijodnynjfzg6pajray343ungoq	363	2	ERP	ERP	NNP
work_ijodnynjfzg6pajray343ungoq	363	3	implementation	implementation	NN
work_ijodnynjfzg6pajray343ungoq	363	4	management	management	NN
work_ijodnynjfzg6pajray343ungoq	363	5	:	:	:
work_ijodnynjfzg6pajray343ungoq	363	6	A	a	DT
work_ijodnynjfzg6pajray343ungoq	363	7	Real	Real	NNP
work_ijodnynjfzg6pajray343ungoq	363	8	Options	Options	NNPS
work_ijodnynjfzg6pajray343ungoq	363	9	perspective	perspective	NN
work_ijodnynjfzg6pajray343ungoq	363	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	364	1	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	364	2	of	of	IN
work_ijodnynjfzg6pajray343ungoq	364	3	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	364	4	and	and	CC
work_ijodnynjfzg6pajray343ungoq	364	5	Software	Software	NNP
work_ijodnynjfzg6pajray343ungoq	364	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	364	7	81	81	CD
work_ijodnynjfzg6pajray343ungoq	364	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	364	9	1039–1050	1039–1050	CD
work_ijodnynjfzg6pajray343ungoq	364	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	365	1	Yeo	Yeo	NNP
work_ijodnynjfzg6pajray343ungoq	365	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	365	3	K.	K.	NNP
work_ijodnynjfzg6pajray343ungoq	365	4	T.	T.	NNP
work_ijodnynjfzg6pajray343ungoq	365	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	365	6	&	&	CC
work_ijodnynjfzg6pajray343ungoq	365	7	Qiu	Qiu	NNP
work_ijodnynjfzg6pajray343ungoq	365	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	365	9	F.	F.	NNP
work_ijodnynjfzg6pajray343ungoq	365	10	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	365	11	2003	2003	CD
work_ijodnynjfzg6pajray343ungoq	365	12	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	365	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	366	1	The	the	DT
work_ijodnynjfzg6pajray343ungoq	366	2	value	value	NN
work_ijodnynjfzg6pajray343ungoq	366	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	366	4	managerial	managerial	JJ
work_ijodnynjfzg6pajray343ungoq	366	5	flexibility	flexibility	NN
work_ijodnynjfzg6pajray343ungoq	366	6	–	–	:
work_ijodnynjfzg6pajray343ungoq	366	7	a	a	DT
work_ijodnynjfzg6pajray343ungoq	366	8	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	366	9	option	option	NN
work_ijodnynjfzg6pajray343ungoq	366	10	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	366	11	to	to	IN
work_ijodnynjfzg6pajray343ungoq	366	12	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	366	13	evaluation	evaluation	NN
work_ijodnynjfzg6pajray343ungoq	366	14	.	.	.
work_ijodnynjfzg6pajray343ungoq	367	1	International	International	NNP
work_ijodnynjfzg6pajray343ungoq	367	2	Journal	Journal	NNP
work_ijodnynjfzg6pajray343ungoq	367	3	of	of	IN
work_ijodnynjfzg6pajray343ungoq	367	4	Project	Project	NNP
work_ijodnynjfzg6pajray343ungoq	367	5	Management	Management	NNP
work_ijodnynjfzg6pajray343ungoq	367	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	367	7	21	21	CD
work_ijodnynjfzg6pajray343ungoq	367	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	367	9	243–250	243–250	CD
work_ijodnynjfzg6pajray343ungoq	367	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	368	1	Yoshida	Yoshida	NNP
work_ijodnynjfzg6pajray343ungoq	368	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	368	3	Y.	Y.	NNP
work_ijodnynjfzg6pajray343ungoq	368	4	,	,	,
work_ijodnynjfzg6pajray343ungoq	368	5	Yasuda	Yasuda	NNP
work_ijodnynjfzg6pajray343ungoq	368	6	,	,	,
work_ijodnynjfzg6pajray343ungoq	368	7	M.	M.	NNP
work_ijodnynjfzg6pajray343ungoq	368	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	368	9	Nakagami	Nakagami	NNP
work_ijodnynjfzg6pajray343ungoq	368	10	,	,	,
work_ijodnynjfzg6pajray343ungoq	368	11	J.	J.	NNP
work_ijodnynjfzg6pajray343ungoq	368	12	,	,	,
work_ijodnynjfzg6pajray343ungoq	368	13	&	&	CC
work_ijodnynjfzg6pajray343ungoq	368	14	Kurano	Kurano	NNP
work_ijodnynjfzg6pajray343ungoq	368	15	,	,	,
work_ijodnynjfzg6pajray343ungoq	368	16	M.	M.	NNP
work_ijodnynjfzg6pajray343ungoq	368	17	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	368	18	2006	2006	CD
work_ijodnynjfzg6pajray343ungoq	368	19	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	368	20	.	.	.
work_ijodnynjfzg6pajray343ungoq	369	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	369	2	new	new	JJ
work_ijodnynjfzg6pajray343ungoq	369	3	evaluation	evaluation	NN
work_ijodnynjfzg6pajray343ungoq	369	4	of	of	IN
work_ijodnynjfzg6pajray343ungoq	369	5	mean	mean	JJ
work_ijodnynjfzg6pajray343ungoq	369	6	value	value	NN
work_ijodnynjfzg6pajray343ungoq	369	7	for	for	IN
work_ijodnynjfzg6pajray343ungoq	369	8	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	369	9	numbers	number	NNS
work_ijodnynjfzg6pajray343ungoq	369	10	and	and	CC
work_ijodnynjfzg6pajray343ungoq	369	11	its	-PRON-	PRP$
work_ijodnynjfzg6pajray343ungoq	369	12	application	application	NN
work_ijodnynjfzg6pajray343ungoq	369	13	to	to	IN
work_ijodnynjfzg6pajray343ungoq	369	14	American	american	JJ
work_ijodnynjfzg6pajray343ungoq	369	15	put	put	NN
work_ijodnynjfzg6pajray343ungoq	369	16	option	option	NN
work_ijodnynjfzg6pajray343ungoq	369	17	under	under	IN
work_ijodnynjfzg6pajray343ungoq	369	18	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	369	19	.	.	.
work_ijodnynjfzg6pajray343ungoq	370	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	370	2	Sets	Sets	NNPS
work_ijodnynjfzg6pajray343ungoq	370	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	370	4	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	370	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	370	6	157	157	CD
work_ijodnynjfzg6pajray343ungoq	370	7	,	,	,
work_ijodnynjfzg6pajray343ungoq	370	8	2614–2626	2614–2626	CD
work_ijodnynjfzg6pajray343ungoq	370	9	.	.	.
work_ijodnynjfzg6pajray343ungoq	371	1	Zadeh	Zadeh	NNP
work_ijodnynjfzg6pajray343ungoq	371	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	371	3	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	371	4	A.	a.	NN
work_ijodnynjfzg6pajray343ungoq	372	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	372	2	1999	1999	CD
work_ijodnynjfzg6pajray343ungoq	372	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	372	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	373	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	373	2	sets	set	NNS
work_ijodnynjfzg6pajray343ungoq	373	3	as	as	IN
work_ijodnynjfzg6pajray343ungoq	373	4	a	a	DT
work_ijodnynjfzg6pajray343ungoq	373	5	basis	basis	NN
work_ijodnynjfzg6pajray343ungoq	373	6	for	for	IN
work_ijodnynjfzg6pajray343ungoq	373	7	a	a	DT
work_ijodnynjfzg6pajray343ungoq	373	8	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	373	9	of	of	IN
work_ijodnynjfzg6pajray343ungoq	373	10	possibility	possibility	NN
work_ijodnynjfzg6pajray343ungoq	373	11	.	.	.
work_ijodnynjfzg6pajray343ungoq	374	1	Fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	374	2	Sets	Sets	NNPS
work_ijodnynjfzg6pajray343ungoq	374	3	and	and	CC
work_ijodnynjfzg6pajray343ungoq	374	4	Systems	Systems	NNPS
work_ijodnynjfzg6pajray343ungoq	374	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	374	6	100(Supplement	100(supplement	CD
work_ijodnynjfzg6pajray343ungoq	374	7	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	374	8	,	,	,
work_ijodnynjfzg6pajray343ungoq	374	9	9–34	9–34	CD
work_ijodnynjfzg6pajray343ungoq	374	10	.	.	.
work_ijodnynjfzg6pajray343ungoq	375	1	Zadeh	Zadeh	NNP
work_ijodnynjfzg6pajray343ungoq	375	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	375	3	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	375	4	A.	a.	NN
work_ijodnynjfzg6pajray343ungoq	376	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	376	2	2005	2005	CD
work_ijodnynjfzg6pajray343ungoq	376	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	376	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	377	1	Toward	toward	IN
work_ijodnynjfzg6pajray343ungoq	377	2	a	a	DT
work_ijodnynjfzg6pajray343ungoq	377	3	generalized	generalize	VBN
work_ijodnynjfzg6pajray343ungoq	377	4	theory	theory	NN
work_ijodnynjfzg6pajray343ungoq	377	5	of	of	IN
work_ijodnynjfzg6pajray343ungoq	377	6	uncertainty	uncertainty	NN
work_ijodnynjfzg6pajray343ungoq	377	7	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	377	8	GTU	GTU	NNP
work_ijodnynjfzg6pajray343ungoq	377	9	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	377	10	–	–	:
work_ijodnynjfzg6pajray343ungoq	377	11	an	an	DT
work_ijodnynjfzg6pajray343ungoq	377	12	outline	outline	NN
work_ijodnynjfzg6pajray343ungoq	377	13	.	.	.
work_ijodnynjfzg6pajray343ungoq	378	1	Information	Information	NNP
work_ijodnynjfzg6pajray343ungoq	378	2	Sciences	Sciences	NNPS
work_ijodnynjfzg6pajray343ungoq	378	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	378	4	172	172	CD
work_ijodnynjfzg6pajray343ungoq	378	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	378	6	1–40	1–40	CD
work_ijodnynjfzg6pajray343ungoq	378	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	379	1	Zadeh	Zadeh	NNP
work_ijodnynjfzg6pajray343ungoq	379	2	,	,	,
work_ijodnynjfzg6pajray343ungoq	379	3	L.	L.	NNP
work_ijodnynjfzg6pajray343ungoq	379	4	A.	a.	NN
work_ijodnynjfzg6pajray343ungoq	380	1	(	(	-LRB-
work_ijodnynjfzg6pajray343ungoq	380	2	2008	2008	CD
work_ijodnynjfzg6pajray343ungoq	380	3	)	)	-RRB-
work_ijodnynjfzg6pajray343ungoq	380	4	.	.	.
work_ijodnynjfzg6pajray343ungoq	381	1	Is	be	VBZ
work_ijodnynjfzg6pajray343ungoq	381	2	there	there	EX
work_ijodnynjfzg6pajray343ungoq	381	3	a	a	DT
work_ijodnynjfzg6pajray343ungoq	381	4	need	need	NN
work_ijodnynjfzg6pajray343ungoq	381	5	for	for	IN
work_ijodnynjfzg6pajray343ungoq	381	6	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	381	7	logic	logic	NN
work_ijodnynjfzg6pajray343ungoq	381	8	?	?	.
work_ijodnynjfzg6pajray343ungoq	382	1	Information	Information	NNP
work_ijodnynjfzg6pajray343ungoq	382	2	Sciences	Sciences	NNPS
work_ijodnynjfzg6pajray343ungoq	382	3	,	,	,
work_ijodnynjfzg6pajray343ungoq	382	4	178	178	CD
work_ijodnynjfzg6pajray343ungoq	382	5	,	,	,
work_ijodnynjfzg6pajray343ungoq	382	6	2751–2779	2751–2779	CD
work_ijodnynjfzg6pajray343ungoq	382	7	.	.	.
work_ijodnynjfzg6pajray343ungoq	383	1	A	a	DT
work_ijodnynjfzg6pajray343ungoq	383	2	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	383	3	real	real	JJ
work_ijodnynjfzg6pajray343ungoq	383	4	option	option	NN
work_ijodnynjfzg6pajray343ungoq	383	5	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	383	6	for	for	IN
work_ijodnynjfzg6pajray343ungoq	383	7	investment	investment	NN
work_ijodnynjfzg6pajray343ungoq	383	8	project	project	NN
work_ijodnynjfzg6pajray343ungoq	383	9	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	383	10	1	1	CD
work_ijodnynjfzg6pajray343ungoq	383	11	Introduction	introduction	NN
work_ijodnynjfzg6pajray343ungoq	383	12	2	2	CD
work_ijodnynjfzg6pajray343ungoq	383	13	Related	relate	VBN
work_ijodnynjfzg6pajray343ungoq	383	14	works	work	NNS
work_ijodnynjfzg6pajray343ungoq	383	15	3	3	CD
work_ijodnynjfzg6pajray343ungoq	383	16	The	the	DT
work_ijodnynjfzg6pajray343ungoq	383	17	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	383	18	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	383	19	3.1	3.1	CD
work_ijodnynjfzg6pajray343ungoq	383	20	Expanded	expand	VBD
work_ijodnynjfzg6pajray343ungoq	383	21	net	net	JJ
work_ijodnynjfzg6pajray343ungoq	383	22	present	present	JJ
work_ijodnynjfzg6pajray343ungoq	383	23	value	value	NN
work_ijodnynjfzg6pajray343ungoq	383	24	3.2	3.2	CD
work_ijodnynjfzg6pajray343ungoq	383	25	The	the	DT
work_ijodnynjfzg6pajray343ungoq	383	26	fuzzy	fuzzy	JJ
work_ijodnynjfzg6pajray343ungoq	383	27	binomial	binomial	JJ
work_ijodnynjfzg6pajray343ungoq	383	28	valuation	valuation	NN
work_ijodnynjfzg6pajray343ungoq	383	29	approach	approach	NN
work_ijodnynjfzg6pajray343ungoq	383	30	4	4	CD
work_ijodnynjfzg6pajray343ungoq	383	31	An	an	DT
work_ijodnynjfzg6pajray343ungoq	383	32	illustrative	illustrative	JJ
work_ijodnynjfzg6pajray343ungoq	383	33	example	example	NN
work_ijodnynjfzg6pajray343ungoq	383	34	4.1	4.1	CD
work_ijodnynjfzg6pajray343ungoq	383	35	Option	option	NN
work_ijodnynjfzg6pajray343ungoq	383	36	to	to	TO
work_ijodnynjfzg6pajray343ungoq	383	37	defer	defer	VB
work_ijodnynjfzg6pajray343ungoq	383	38	4.2	4.2	CD
work_ijodnynjfzg6pajray343ungoq	383	39	Option	Option	NNP
work_ijodnynjfzg6pajray343ungoq	383	40	to	to	TO
work_ijodnynjfzg6pajray343ungoq	383	41	abandon	abandon	VB
work_ijodnynjfzg6pajray343ungoq	383	42	4.3	4.3	CD
work_ijodnynjfzg6pajray343ungoq	383	43	Sequential	sequential	JJ
work_ijodnynjfzg6pajray343ungoq	383	44	multiple	multiple	JJ
work_ijodnynjfzg6pajray343ungoq	383	45	options	option	NNS
work_ijodnynjfzg6pajray343ungoq	383	46	5	5	CD
work_ijodnynjfzg6pajray343ungoq	383	47	Discussion	discussion	NN
work_ijodnynjfzg6pajray343ungoq	383	48	6	6	CD
work_ijodnynjfzg6pajray343ungoq	383	49	Conclusions	Conclusions	NNPS
work_ijodnynjfzg6pajray343ungoq	383	50	References	reference	NNS