Study on the Valuation Method for Overseas Oil and Gas Extraction Based on the Modified Trinomial Tree Option Pricing Model

<div>Probability tree of overseas oil and gas extraction (there are three possibilities of whether to proceed to the next stage: Yes means immediate development, No means immediate abandonment, and Wait means waiting for opportunity).</div>

Mathematical Problems in Engineering

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Figure 5

Figure 5: Study on the Valuation Method for Overseas Oil and Gas Extraction Based on the Modified Trinomial Tree Option Pricing Model 