Type or paste the title of your article here

Name of the Author 1

Abstract:The abstract should not exceed 250 words. It should briefly summarize the essence of the paper and address the following areas without using specific subsection titles.): Objective: Briefly state the problem or issue addressed, in language accessible to a general scientific audience. Technology or Method: Briefly summarize the technological innovation or method used to address the problem. Results: Provide a brief summary of the results and findings. Conclusions: Give brief concluding remarks on your outcomes. Clinical Impact: Comment on the translational aspect of the work presented in the paper and its potential clinical impact. Detailed discussion of these aspects should be provided in the main body of the paper.

K e y w o r d s:option; information technologies; investment.

Note: See the journal’s instructions for authors for details on style. This document is a template for this journal.

1INTRODUCTION

Investment in Information Technologies (IT) will be assessed using real option analysis in the following pages. With the lasting world-wide economic crisis, investments in ICT became the key factor for the managers to think about other ways how to increase the efficiency of production of the company as well as looking for other ways of promotion of products at the markets using some kinds of ICT.

2Use this style for level one headings

Investment in information technology (IT) was the most dynamic component of investment in the late 1990s and early 2000s. This investment enabled new technologies to enter the production process, to expand and renew the capital stock, and to sustain economic growth. It becomes a very difficult task for the policy makers of an organization to decide about the investments in IT. There can be two possibilities.

Fig.1 Type your title here. Obtain permission and include the acknowledgement required by the copyright holder if a figure is being reproduced from another source.

4.1Use this style for level two headings

Real options is a comprehensive and integrated solution (using the financial theory, economic analysis, management science, decision sciences, statistics, and econometric modelling) to apply options theory to value real investment projects to improve the decision making process. Dynamic and uncertain business environment requires flexible business decision approaches in order to evaluate business opportunities [5], [6], 7], [4].

4.1.1Use this style for level three headings

It allows the development of dynamic analysis. It allows integrating in the project evaluation the value of the flexibility. It allows the definition of optimal decision taken structures in innovation projects. It allows simulating and incorporating, evaluation management decisions, to the project. It allows the simulation of the decision process along the life of the project.

Symbol / Quantity / Conversion from Gaussian and
CGS EMU to SI a
 / magnetic flux / 1 Mx  108 Wb = 108 V·s
B / magnetic flux density,
magnetic induction / 1 G  104 T = 104 Wb/m2
H / magnetic field strength / 1 Oe  103/(4) A/m
m / magnetic moment / 1 erg/G = 1 emu
 103 A·m2 = 103 J/T
M / magnetization / 1 erg/(G·cm3) = 1 emu/cm3
 103 A/m

Table 1. Type your title here.Obtain permission and include the acknowledgement required by the copyright holder if a figure is being reproduced from another source.

5CONCLUSION

Investing in real options is a way to preserve flexibility for the future. Options enable learning so that an academic institution can act more quickly later. They provide a way to build capacity now for opportunities that may emerge (or may be bigger) in the future.

A philosophy of investing in options is one that embraces trial and error. Frequent, but small failures provide ways to test assumptions try out new ideas and build learning quickly. Without these types of investments, a company is unlikely to be prepared for the future, unable to take action quickly when the time comes. Structuring opportunities into a “portfolio” means that projects only have to compete with other projects that have similar risk profiles, which is a way to ensure that some investments are being made on the fringes.

REFERENCES

[1]OECD Factbook, 2010. Economic, Environmental and Social Statistics. OECD Publishing.

[2]OECD Factbook, 2010. OECD Information Technology Outlook . OECD Publishing.

[3]Arunk. Investment in information technologies, from

[4]DIXIT, A., PINDYCK, R.. 1994. Investment Under Uncertainty. Princeton University Press.

[5]HOWARD, R., A., Matheson, J., E.. 1989. The Principles and Applications of Decision Analysis. SDG.

[6]LUEHRMAN, T.. 1998. Investment opportunities as real options: getting started on the numbers. Harvard Business.

AUTHORS ADDRESSES

Authors:

E-mail: