Replacement Analysis of Mutually Exclusive Projects of Unequal Lives Using Kelly Specific Real Option Criterion

Table 3

for single life cycle and infinite planning horizon for A and B.

p (%)
5	0.5791	0.7139	107.6416	123.7789
10	0.4669	0.6017	96.2100	110.6422
15	0.3835	0.5184	88.5176	101.8037
20	0.3201	0.4551	83.0798	95.5572
25	0.2725	0.4075	79.2148	91.1188
30	0.2383	0.3734	76.5487	88.0589
35	0.2160	0.3512	74.8615	86.1247
40	0.2047	0.3400	74.0225	85.1660
45	0.2039	0.3392	73.9608	85.1017
50	0.2132	0.3486	74.6508	85.9022
55	0.2325	0.3680	76.1057	87.5833
60	0.2619	0.3975	78.3781	90.2053
65	0.3017	0.4374	81.5653	93.8807
70	0.3526	0.4884	85.8224	98.7883
75	0.4154	0.5513	91.3870	105.2018
80	0.4917	0.6276	98.6255	113.5433
85	0.5836	0.7196	108.1281	124.4930
90	0.6956	0.8316	120.9330	139.2467
95	0.8364	0.9726	139.2260	160.3223
99	0.9904	1.1266	162.3976	187.0166