Mikael Collan held a keynote presentation in Bagkok, titled “Real option valuation as a modelling problem”at the 4th International Conference on Applied Operational Research (ICAOR). The presentation included an overview of the pay-off method. A pdf version of the actually used lecture slides are available here.
Mikael receiving a souvenir from the conference organizers after the talk.
Abstract of the lecture can be found here.
The city of Bangkok is evolving fast, only five years ago the city did not have a metro line from the airport or the underground that conveniently gives access to most locations within the city center. It seems that phased construction is beginning to be (if not already is) a relevant option to consider when constructing in Bangkok – see these slides.
Bangkok in the evening from the hotel window (20th floor).