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

Table 4

Final values of A and B with different probabilities when either one is first initiated.

p (%)
5	0.5576	0.7035	97.0470	104.7531
10	0.4482	0.5927	88.1400	95.5906
15	0.3678	0.5108	82.1843	89.4444
20	0.3073	0.4489	78.0100	85.1177
25	0.2625	0.4027	75.0811	82.0620
30	0.2312	0.3700	73.1064	79.9774
35	0.2118	0.3491	71.9151	78.6878
40	0.2034	0.3393	71.4077	78.0897
45	0.2055	0.3400	71.5322	78.1280
50	0.2177	0.3507	72.2730	78.7844
55	0.2399	0.3714	73.6465	80.0725
60	0.2722	0.4023	75.7015	82.0384
65	0.3149	0.4436	78.5242	84.7654
70	0.3687	0.4960	82.2500	88.3854
75	0.4344	0.5603	87.0843	93.0988
80	0.5136	0.6380	93.3422	99.2144
85	0.6084	0.7314	101.5298	107.2288
90	0.7233	0.8448	112.5344	118.0139
95	0.8670	0.9871	128.2196	133.4030
99	1.0232	1.1422	148.0321	152.8683