id	sid	tid	token	lemma	pos
cjfa-3263	1	1	copernican	copernican	PROPN
cjfa-3263	1	2	journal	journal	PROPN
cjfa-3263	1	3	of	of	ADP
cjfa-3263	1	4	finance	finance	PROPN
cjfa-3263	1	5	&	&	CCONJ
cjfa-3263	1	6	accounting	accounting	PROPN
cjfa-3263	1	7	e	e	PROPN
cjfa-3263	1	8	-	-	PROPN
cjfa-3263	1	9	issn	issn	PROPN
cjfa-3263	1	10	2300	2300	NUM
cjfa-3263	1	11	-	-	SYM
cjfa-3263	1	12	3065	3065	NUM
cjfa-3263	1	13	p	p	PROPN
cjfa-3263	1	14	-	-	PUNCT
cjfa-3263	1	15	issn	issn	PROPN
cjfa-3263	1	16	2300	2300	NUM
cjfa-3263	1	17	-	-	SYM
cjfa-3263	1	18	12402014	12402014	NUM
cjfa-3263	1	19	,	,	PUNCT
cjfa-3263	1	20	volume	volume	NOUN
cjfa-3263	1	21	3	3	NUM
cjfa-3263	1	22	,	,	PUNCT
cjfa-3263	1	23	issue	issue	NOUN
cjfa-3263	1	24	1	1	NUM
cjfa-3263	1	25	date	date	NOUN
cjfa-3263	1	26	of	of	ADP
cjfa-3263	1	27	submission	submission	NOUN
cjfa-3263	1	28	:	:	PUNCT
cjfa-3263	1	29	march	march	PROPN
cjfa-3263	1	30	5	5	NUM
cjfa-3263	1	31	,	,	PUNCT
cjfa-3263	1	32	2014	2014	NUM
cjfa-3263	1	33	;	;	PUNCT
cjfa-3263	1	34	date	date	NOUN
cjfa-3263	1	35	of	of	ADP
cjfa-3263	1	36	acceptance	acceptance	NOUN
cjfa-3263	1	37	:	:	PUNCT
cjfa-3263	1	38	march	march	PROPN
cjfa-3263	1	39	24	24	NUM
cjfa-3263	1	40	,	,	PUNCT
cjfa-3263	1	41	2014	2014	NUM
cjfa-3263	1	42	.	.	PUNCT
cjfa-3263	2	1	*	*	PUNCT
cjfa-3263	2	2	 	 	SPACE
cjfa-3263	2	3	contact	contact	NOUN
cjfa-3263	2	4	information	information	NOUN
cjfa-3263	2	5	:	:	PUNCT
cjfa-3263	2	6	dziawew@umk.pl	dziawew@umk.pl	PROPN
cjfa-3263	2	7	,	,	PUNCT
cjfa-3263	2	8	faculty	faculty	NOUN
cjfa-3263	2	9	of	of	ADP
cjfa-3263	2	10	economic	economic	ADJ
cjfa-3263	2	11	sciences	science	NOUN
cjfa-3263	2	12	and	and	CCONJ
cjfa-3263	2	13	management	management	NOUN
cjfa-3263	2	14	,	,	PUNCT
cjfa-3263	2	15	nicolaus	nicolaus	PROPN
cjfa-3263	2	16	copernicus	copernicus	PROPN
cjfa-3263	2	17	university	university	PROPN
cjfa-3263	2	18	,	,	PUNCT
cjfa-3263	2	19	gagarina	gagarina	NOUN
cjfa-3263	2	20	13a	13a	NOUN
cjfa-3263	2	21	,	,	PUNCT
cjfa-3263	2	22	87	87	NUM
cjfa-3263	2	23	-	-	SYM
cjfa-3263	2	24	100	100	NUM
cjfa-3263	2	25	toruń	toruń	NOUN
cjfa-3263	2	26	,	,	PUNCT
cjfa-3263	2	27	poland	poland	PROPN
cjfa-3263	2	28	.	.	PUNCT
cjfa-3263	3	1	dziawgo	dziawgo	PROPN
cjfa-3263	3	2	e.	e.	PROPN
cjfa-3263	3	3	(	(	PUNCT
cjfa-3263	3	4	2014	2014	NUM
cjfa-3263	3	5	)	)	PUNCT
cjfa-3263	3	6	.	.	PUNCT
cjfa-3263	4	1	real	real	ADJ
cjfa-3263	4	2	options	option	NOUN
cjfa-3263	4	3	in	in	ADP
cjfa-3263	4	4	the	the	DET
cjfa-3263	4	5	assessment	assessment	NOUN
cjfa-3263	4	6	of	of	ADP
cjfa-3263	4	7	the	the	DET
cjfa-3263	4	8	company	company	NOUN
cjfa-3263	4	9	’s	’s	PART
cjfa-3263	4	10	pro	pro	ADJ
cjfa-3263	4	11	-	-	ADJ
cjfa-3263	4	12	ecological	ecological	ADJ
cjfa-3263	4	13	investments	investment	NOUN
cjfa-3263	4	14	.	.	PUNCT
cjfa-3263	5	1	copernican	copernican	PROPN
cjfa-3263	5	2	journal	journal	PROPN
cjfa-3263	5	3	of	of	ADP
cjfa-3263	5	4	finance	finance	PROPN
cjfa-3263	5	5	&	&	CCONJ
cjfa-3263	5	6	accounting	accounting	PROPN
cjfa-3263	5	7	,	,	PUNCT
cjfa-3263	5	8	3(1	3(1	NUM
cjfa-3263	5	9	)	)	PUNCT
cjfa-3263	5	10	,	,	PUNCT
cjfa-3263	5	11	61–71	61–71	NOUN
cjfa-3263	5	12	.	.	PUNCT
cjfa-3263	5	13	http://dx.doi.org/10.12775/cjfa.2014.005	http://dx.doi.org/10.12775/cjfa.2014.005	VERB
cjfa-3263	5	14	ewa	ewa	PROPN
cjfa-3263	5	15	dziawgo	dziawgo	PROPN
cjfa-3263	5	16	*	*	PROPN
cjfa-3263	5	17	nicolaus	nicolaus	PROPN
cjfa-3263	5	18	copernicus	copernicus	PROPN
cjfa-3263	5	19	university	university	PROPN
cjfa-3263	5	20	real	real	ADJ
cjfa-3263	5	21	options	option	NOUN
cjfa-3263	5	22	in	in	ADP
cjfa-3263	5	23	the	the	DET
cjfa-3263	5	24	assessment	assessment	NOUN
cjfa-3263	5	25	of	of	ADP
cjfa-3263	5	26	the	the	DET
cjfa-3263	5	27	company	company	NOUN
cjfa-3263	5	28	’s	’s	PART
cjfa-3263	5	29	pro	pro	ADJ
cjfa-3263	5	30	-	-	ADJ
cjfa-3263	5	31	ecological	ecological	ADJ
cjfa-3263	5	32	investments	investment	NOUN
cjfa-3263	5	33	keywords	keyword	NOUN
cjfa-3263	5	34	:	:	PUNCT
cjfa-3263	5	35	real	real	ADJ
cjfa-3263	5	36	options	option	NOUN
cjfa-3263	5	37	,	,	PUNCT
cjfa-3263	5	38	pro	pro	ADJ
cjfa-3263	5	39	-	-	ADJ
cjfa-3263	5	40	ecological	ecological	ADJ
cjfa-3263	5	41	investments	investment	NOUN
cjfa-3263	5	42	.	.	PUNCT
cjfa-3263	6	1	j	j	PROPN
cjfa-3263	6	2	e	e	PROPN
cjfa-3263	6	3	l	l	NOUN
cjfa-3263	6	4	classification	classification	NOUN
cjfa-3263	6	5	:	:	PUNCT
cjfa-3263	6	6	q01	q01	PROPN
cjfa-3263	6	7	,	,	PUNCT
cjfa-3263	6	8	g11	g11	PROPN
cjfa-3263	6	9	.	.	PUNCT
cjfa-3263	7	1	abstract	abstract	NOUN
cjfa-3263	7	2	:	:	PUNCT
cjfa-3263	7	3	the	the	DET
cjfa-3263	7	4	article	article	NOUN
cjfa-3263	7	5	presents	present	VERB
cjfa-3263	7	6	the	the	DET
cjfa-3263	7	7	following	follow	VERB
cjfa-3263	7	8	issues	issue	NOUN
cjfa-3263	7	9	related	relate	VERB
cjfa-3263	7	10	to	to	ADP
cjfa-3263	7	11	real	real	ADJ
cjfa-3263	7	12	options	option	NOUN
cjfa-3263	7	13	:	:	PUNCT
cjfa-3263	7	14	characteristics	characteristic	NOUN
cjfa-3263	7	15	and	and	CCONJ
cjfa-3263	7	16	classification	classification	NOUN
cjfa-3263	7	17	of	of	ADP
cjfa-3263	7	18	options	option	NOUN
cjfa-3263	7	19	,	,	PUNCT
cjfa-3263	7	20	pricing	pricing	NOUN
cjfa-3263	7	21	models	model	NOUN
cjfa-3263	7	22	and	and	CCONJ
cjfa-3263	7	23	analysis	analysis	NOUN
cjfa-3263	7	24	of	of	ADP
cjfa-3263	7	25	the	the	DET
cjfa-3263	7	26	applicability	applicability	NOUN
cjfa-3263	7	27	of	of	ADP
cjfa-3263	7	28	real	real	ADJ
cjfa-3263	7	29	options	option	NOUN
cjfa-3263	7	30	in	in	ADP
cjfa-3263	7	31	the	the	DET
cjfa-3263	7	32	assessment	assessment	NOUN
cjfa-3263	7	33	of	of	ADP
cjfa-3263	7	34	the	the	DET
cjfa-3263	7	35	company	company	NOUN
cjfa-3263	7	36	’s	’s	PART
cjfa-3263	7	37	pro	pro	ADJ
cjfa-3263	7	38	-	-	ADJ
cjfa-3263	7	39	ecological	ecological	ADJ
cjfa-3263	7	40	investments	investment	NOUN
cjfa-3263	7	41	.	.	PUNCT
cjfa-3263	8	1	the	the	DET
cjfa-3263	8	2	concept	concept	NOUN
cjfa-3263	8	3	of	of	ADP
cjfa-3263	8	4	real	real	ADJ
cjfa-3263	8	5	options	option	NOUN
cjfa-3263	8	6	analysis	analysis	NOUN
cjfa-3263	8	7	is	be	AUX
cjfa-3263	8	8	an	an	DET
cjfa-3263	8	9	innovative	innovative	ADJ
cjfa-3263	8	10	mainstream	mainstream	NOUN
cjfa-3263	8	11	methodology	methodology	NOUN
cjfa-3263	8	12	of	of	ADP
cjfa-3263	8	13	creating	create	VERB
cjfa-3263	8	14	a	a	DET
cjfa-3263	8	15	multi	multi	ADJ
cjfa-3263	8	16	-	-	ADJ
cjfa-3263	8	17	stage	stage	ADJ
cjfa-3263	8	18	decision	decision	NOUN
cjfa-3263	8	19	-	-	PUNCT
cjfa-3263	8	20	making	make	VERB
cjfa-3263	8	21	model	model	NOUN
cjfa-3263	8	22	to	to	PART
cjfa-3263	8	23	facilitate	facilitate	VERB
cjfa-3263	8	24	the	the	DET
cjfa-3263	8	25	action	action	NOUN
cjfa-3263	8	26	related	relate	VERB
cjfa-3263	8	27	to	to	ADP
cjfa-3263	8	28	the	the	DET
cjfa-3263	8	29	strategic	strategic	ADJ
cjfa-3263	8	30	implementation	implementation	NOUN
cjfa-3263	8	31	of	of	ADP
cjfa-3263	8	32	investment	investment	NOUN
cjfa-3263	8	33	activities	activity	NOUN
cjfa-3263	8	34	.	.	PUNCT
cjfa-3263	9	1	the	the	DET
cjfa-3263	9	2	real	real	ADJ
cjfa-3263	9	3	options	option	NOUN
cjfa-3263	9	4	analysis	analysis	NOUN
cjfa-3263	9	5	method	method	NOUN
cjfa-3263	9	6	is	be	AUX
cjfa-3263	9	7	alternative	alternative	ADJ
cjfa-3263	9	8	and	and	CCONJ
cjfa-3263	9	9	complement	complement	VERB
cjfa-3263	9	10	to	to	ADP
cjfa-3263	9	11	traditional	traditional	ADJ
cjfa-3263	9	12	methods	method	NOUN
cjfa-3263	9	13	of	of	ADP
cjfa-3263	9	14	evaluation	evaluation	NOUN
cjfa-3263	9	15	of	of	ADP
cjfa-3263	9	16	investment	investment	NOUN
cjfa-3263	9	17	projects	project	NOUN
cjfa-3263	9	18	.	.	PUNCT
cjfa-3263	10	1	the	the	DET
cjfa-3263	10	2	purpose	purpose	NOUN
cjfa-3263	10	3	of	of	ADP
cjfa-3263	10	4	this	this	DET
cjfa-3263	10	5	article	article	NOUN
cjfa-3263	10	6	is	be	AUX
cjfa-3263	10	7	to	to	PART
cjfa-3263	10	8	present	present	VERB
cjfa-3263	10	9	the	the	DET
cjfa-3263	10	10	applicability	applicability	NOUN
cjfa-3263	10	11	of	of	ADP
cjfa-3263	10	12	real	real	ADJ
cjfa-3263	10	13	options	option	NOUN
cjfa-3263	10	14	in	in	ADP
cjfa-3263	10	15	the	the	DET
cjfa-3263	10	16	assessment	assessment	NOUN
cjfa-3263	10	17	of	of	ADP
cjfa-3263	10	18	the	the	DET
cjfa-3263	10	19	company	company	NOUN
cjfa-3263	10	20	’s	’s	PART
cjfa-3263	10	21	pro	pro	ADJ
cjfa-3263	10	22	-	-	ADJ
cjfa-3263	10	23	ecological	ecological	ADJ
cjfa-3263	10	24	investments	investment	NOUN
cjfa-3263	10	25	.	.	PUNCT
cjfa-3263	11	1	opcje	opcje	PROPN
cjfa-3263	11	2	realne	realne	PROPN
cjfa-3263	11	3	w	w	PROPN
cjfa-3263	11	4	ocenie	ocenie	PROPN
cjfa-3263	11	5	proekologicznych	proekologicznych	PROPN
cjfa-3263	11	6	inwestycji	inwestycji	PROPN
cjfa-3263	11	7	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-3263	11	8	słowa	słowa	PROPN
cjfa-3263	11	9	kluczowe	kluczowe	PROPN
cjfa-3263	11	10	:	:	PUNCT
cjfa-3263	11	11	opcje	opcje	NOUN
cjfa-3263	11	12	realne	realne	PROPN
cjfa-3263	11	13	,	,	PUNCT
cjfa-3263	11	14	proekologiczne	proekologiczne	NOUN
cjfa-3263	11	15	inwestycje	inwestycje	PROPN
cjfa-3263	11	16	.	.	PUNCT
cjfa-3263	12	1	klasyfikacja	klasyfikacja	PROPN
cjfa-3263	12	2	j	j	PROPN
cjfa-3263	12	3	e	e	PROPN
cjfa-3263	12	4	l	l	PROPN
cjfa-3263	12	5	:	:	PUNCT
cjfa-3263	13	1	q01	q01	PROPN
cjfa-3263	13	2	,	,	PUNCT
cjfa-3263	13	3	g11	g11	PROPN
cjfa-3263	13	4	.	.	PUNCT
cjfa-3263	14	1	abstrakt	abstrakt	PROPN
cjfa-3263	14	2	:	:	PUNCT
cjfa-3263	14	3	w	w	PROPN
cjfa-3263	14	4	artykule	artykule	PROPN
cjfa-3263	14	5	przedstawiono	przedstawiono	PROPN
cjfa-3263	14	6	zagadnienia	zagadnienia	PROPN
cjfa-3263	14	7	związane	związane	PROPN
cjfa-3263	14	8	z	z	PROPN
cjfa-3263	14	9	opcjami	opcjami	PROPN
cjfa-3263	14	10	realnymi	realnymi	PROPN
cjfa-3263	14	11	:	:	PUNCT
cjfa-3263	14	12	charakterystykę	charakterystykę	PROPN
cjfa-3263	14	13	i	i	PRON
cjfa-3263	14	14	podział	podział	PROPN
cjfa-3263	14	15	opcji	opcji	NOUN
cjfa-3263	14	16	,	,	PUNCT
cjfa-3263	15	1	modele	modele	PROPN
cjfa-3263	15	2	wyceny	wyceny	PROPN
cjfa-3263	15	3	oraz	oraz	PROPN
cjfa-3263	15	4	analizę	analizę	PROPN
cjfa-3263	15	5	możliwości	możliwości	VERB
cjfa-3263	15	6	zastosowania	zastosowania	PROPN
cjfa-3263	15	7	ewa	ewa	PROPN
cjfa-3263	15	8	dziawgo62	dziawgo62	PROPN
cjfa-3263	15	9	opcji	opcji	NOUN
cjfa-3263	15	10	realnych	realnych	NOUN
cjfa-3263	15	11	w	w	PROPN
cjfa-3263	15	12	ocenie	ocenie	PROPN
cjfa-3263	15	13	proekologicznych	proekologicznych	PROPN
cjfa-3263	15	14	inwestycji	inwestycji	PROPN
cjfa-3263	15	15	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-3263	15	16	.	.	PUNCT
cjfa-3263	16	1	koncepcja	koncepcja	PROPN
cjfa-3263	16	2	analizy	analizy	PROPN
cjfa-3263	16	3	opcji	opcji	PROPN
cjfa-3263	16	4	realnych	realnych	PROPN
cjfa-3263	16	5	jest	jest	ADJ
cjfa-3263	16	6	innowacyjnym	innowacyjnym	NOUN
cjfa-3263	16	7	nurtem	nurtem	NOUN
cjfa-3263	16	8	metodycznym	metodycznym	NOUN
cjfa-3263	16	9	,	,	PUNCT
cjfa-3263	16	10	polegającym	polegającym	VERB
cjfa-3263	16	11	na	na	ADP
cjfa-3263	16	12	stworzeniu	stworzeniu	PROPN
cjfa-3263	16	13	wieloetapowego	wieloetapowego	PROPN
cjfa-3263	16	14	modelu	modelu	PROPN
cjfa-3263	16	15	decyzyjnego	decyzyjnego	PROPN
cjfa-3263	16	16	ułatwiającego	ułatwiającego	ADJ
cjfa-3263	16	17	podjęcie	podjęcie	ADJ
cjfa-3263	16	18	działań	działań	NOUN
cjfa-3263	16	19	związanych	związanych	PROPN
cjfa-3263	16	20	ze	ze	PROPN
cjfa-3263	16	21	strategicznym	strategicznym	PROPN
cjfa-3263	16	22	wdrażaniem	wdrażaniem	PROPN
cjfa-3263	16	23	działań	działań	NOUN
cjfa-3263	16	24	inwestycyjnych	inwestycyjnych	NOUN
cjfa-3263	16	25	.	.	PUNCT
cjfa-3263	17	1	metoda	metoda	PROPN
cjfa-3263	17	2	analizy	analizy	PROPN
cjfa-3263	17	3	opcji	opcji	PROPN
cjfa-3263	17	4	realnych	realnych	PROPN
cjfa-3263	17	5	jest	jest	PROPN
cjfa-3263	17	6	alternatywą	alternatywą	NOUN
cjfa-3263	18	1	i	i	PRON
cjfa-3263	18	2	uzupełnieniem	uzupełnieniem	VERB
cjfa-3263	18	3	dla	dla	NOUN
cjfa-3263	18	4	tradycyjnych	tradycyjnych	NOUN
cjfa-3263	18	5	metod	metod	VERB
cjfa-3263	18	6	oceny	oceny	PROPN
cjfa-3263	18	7	projektów	projektów	PROPN
cjfa-3263	18	8	inwestycyjnych	inwestycyjnych	NOUN
cjfa-3263	18	9	.	.	PUNCT
cjfa-3263	19	1	celem	celem	PROPN
cjfa-3263	19	2	artykułu	artykułu	PROPN
cjfa-3263	19	3	jest	jest	PROPN
cjfa-3263	19	4	przedstawienie	przedstawienie	PROPN
cjfa-3263	19	5	możliwości	możliwości	PROPN
cjfa-3263	19	6	zastosowania	zastosowania	PROPN
cjfa-3263	19	7	opcji	opcji	PROPN
cjfa-3263	19	8	realnych	realnych	NOUN
cjfa-3263	19	9	w	w	PROPN
cjfa-3263	19	10	ocenie	ocenie	PROPN
cjfa-3263	19	11	proekologicznych	proekologicznych	PROPN
cjfa-3263	19	12	inwestycji	inwestycji	PROPN
cjfa-3263	19	13	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-3263	19	14	.	.	PUNCT
cjfa-3263	20	1	translated	translate	VERB
cjfa-3263	20	2	by	by	ADP
cjfa-3263	20	3	ewa	ewa	PROPN
cjfa-3263	20	4	dziawgo	dziawgo	ADJ
cjfa-3263	20	5	 	 	SPACE
cjfa-3263	20	6	introduction	introduction	NOUN
cjfa-3263	20	7	environmental	environmental	ADJ
cjfa-3263	20	8	degradation	degradation	NOUN
cjfa-3263	20	9	,	,	PUNCT
cjfa-3263	20	10	which	which	PRON
cjfa-3263	20	11	arises	arise	VERB
cjfa-3263	20	12	out	out	ADP
cjfa-3263	20	13	of	of	ADP
cjfa-3263	20	14	unreasonable	unreasonable	ADJ
cjfa-3263	20	15	and	and	CCONJ
cjfa-3263	20	16	improper	improper	ADJ
cjfa-3263	20	17	management	management	NOUN
cjfa-3263	20	18	of	of	ADP
cjfa-3263	20	19	renewable	renewable	ADJ
cjfa-3263	20	20	and	and	CCONJ
cjfa-3263	20	21	non	non	ADJ
cjfa-3263	20	22	-	-	ADJ
cjfa-3263	20	23	renewable	renewable	ADJ
cjfa-3263	20	24	resources	resource	NOUN
cjfa-3263	20	25	is	be	AUX
cjfa-3263	20	26	a	a	DET
cjfa-3263	20	27	global	global	ADJ
cjfa-3263	20	28	problem	problem	NOUN
cjfa-3263	20	29	of	of	ADP
cjfa-3263	20	30	modern	modern	ADJ
cjfa-3263	20	31	civilization	civilization	NOUN
cjfa-3263	20	32	.	.	PUNCT
cjfa-3263	21	1	environmental	environmental	ADJ
cjfa-3263	21	2	degradation	degradation	NOUN
cjfa-3263	21	3	results	result	NOUN
cjfa-3263	21	4	in	in	ADP
cjfa-3263	21	5	higher	high	ADJ
cjfa-3263	21	6	operating	operating	NOUN
cjfa-3263	21	7	costs	cost	NOUN
cjfa-3263	21	8	of	of	ADP
cjfa-3263	21	9	society	society	NOUN
cjfa-3263	21	10	and	and	CCONJ
cjfa-3263	21	11	constitutes	constitute	VERB
cjfa-3263	21	12	a	a	DET
cjfa-3263	21	13	threat	threat	NOUN
cjfa-3263	21	14	to	to	ADP
cjfa-3263	21	15	the	the	DET
cjfa-3263	21	16	further	further	ADJ
cjfa-3263	21	17	existence	existence	NOUN
cjfa-3263	21	18	of	of	ADP
cjfa-3263	21	19	man	man	NOUN
cjfa-3263	21	20	.	.	PUNCT
cjfa-3263	22	1	solving	solve	VERB
cjfa-3263	22	2	environmental	environmental	ADJ
cjfa-3263	22	3	problems	problem	NOUN
cjfa-3263	22	4	requires	require	VERB
cjfa-3263	22	5	international	international	ADJ
cjfa-3263	22	6	cooperation	cooperation	NOUN
cjfa-3263	22	7	.	.	PUNCT
cjfa-3263	23	1	the	the	DET
cjfa-3263	23	2	policy	policy	NOUN
cjfa-3263	23	3	of	of	ADP
cjfa-3263	23	4	the	the	DET
cjfa-3263	23	5	european	european	PROPN
cjfa-3263	23	6	union	union	PROPN
cjfa-3263	23	7	lays	lay	VERB
cjfa-3263	23	8	much	much	ADJ
cjfa-3263	23	9	emphasis	emphasis	NOUN
cjfa-3263	23	10	on	on	ADP
cjfa-3263	23	11	the	the	DET
cjfa-3263	23	12	issues	issue	NOUN
cjfa-3263	23	13	related	relate	VERB
cjfa-3263	23	14	to	to	ADP
cjfa-3263	23	15	the	the	DET
cjfa-3263	23	16	implementation	implementation	NOUN
cjfa-3263	23	17	of	of	ADP
cjfa-3263	23	18	the	the	DET
cjfa-3263	23	19	main	main	ADJ
cjfa-3263	23	20	objective	objective	NOUN
cjfa-3263	23	21	of	of	ADP
cjfa-3263	23	22	balanced	balanced	ADJ
cjfa-3263	23	23	and	and	CCONJ
cjfa-3263	23	24	sustainable	sustainable	ADJ
cjfa-3263	23	25	development	development	NOUN
cjfa-3263	23	26	,	,	PUNCT
cjfa-3263	23	27	which	which	PRON
cjfa-3263	23	28	is	be	AUX
cjfa-3263	23	29	striving	strive	VERB
cjfa-3263	23	30	to	to	PART
cjfa-3263	23	31	improve	improve	VERB
cjfa-3263	23	32	the	the	DET
cjfa-3263	23	33	quality	quality	NOUN
cjfa-3263	23	34	of	of	ADP
cjfa-3263	23	35	life	life	NOUN
cjfa-3263	23	36	for	for	ADP
cjfa-3263	23	37	present	present	ADJ
cjfa-3263	23	38	and	and	CCONJ
cjfa-3263	23	39	future	future	ADJ
cjfa-3263	23	40	generations	generation	NOUN
cjfa-3263	23	41	by	by	ADP
cjfa-3263	23	42	taking	take	VERB
cjfa-3263	23	43	all	all	DET
cjfa-3263	23	44	measures	measure	NOUN
cjfa-3263	23	45	affecting	affect	VERB
cjfa-3263	23	46	the	the	DET
cjfa-3263	23	47	economic	economic	ADJ
cjfa-3263	23	48	and	and	CCONJ
cjfa-3263	23	49	social	social	ADJ
cjfa-3263	23	50	development	development	NOUN
cjfa-3263	23	51	harmonized	harmonize	VERB
cjfa-3263	23	52	with	with	ADP
cjfa-3263	23	53	the	the	DET
cjfa-3263	23	54	rational	rational	ADJ
cjfa-3263	23	55	use	use	NOUN
cjfa-3263	23	56	,	,	PUNCT
cjfa-3263	23	57	mobility	mobility	NOUN
cjfa-3263	23	58	and	and	CCONJ
cjfa-3263	23	59	protection	protection	NOUN
cjfa-3263	23	60	of	of	ADP
cjfa-3263	23	61	the	the	DET
cjfa-3263	23	62	natural	natural	ADJ
cjfa-3263	23	63	environment	environment	NOUN
cjfa-3263	23	64	.	.	PUNCT
cjfa-3263	24	1	the	the	DET
cjfa-3263	24	2	implementation	implementation	NOUN
cjfa-3263	24	3	of	of	ADP
cjfa-3263	24	4	the	the	DET
cjfa-3263	24	5	concept	concept	NOUN
cjfa-3263	24	6	of	of	ADP
cjfa-3263	24	7	eco	eco	PROPN
cjfa-3263	24	8	-	-	PUNCT
cjfa-3263	24	9	development	development	NOUN
cjfa-3263	24	10	is	be	AUX
cjfa-3263	24	11	facilitated	facilitate	VERB
cjfa-3263	24	12	by	by	ADP
cjfa-3263	24	13	the	the	DET
cjfa-3263	24	14	already	already	ADV
cjfa-3263	24	15	developed	develop	VERB
cjfa-3263	24	16	economic	economic	ADJ
cjfa-3263	24	17	and	and	CCONJ
cjfa-3263	24	18	legal	legal	ADJ
cjfa-3263	24	19	instruments	instrument	NOUN
cjfa-3263	24	20	of	of	ADP
cjfa-3263	24	21	the	the	DET
cjfa-3263	24	22	state	state	NOUN
cjfa-3263	24	23	’s	’s	PART
cjfa-3263	24	24	environmental	environmental	ADJ
cjfa-3263	24	25	policy	policy	NOUN
cjfa-3263	24	26	that	that	PRON
cjfa-3263	24	27	forces	force	VERB
cjfa-3263	24	28	the	the	DET
cjfa-3263	24	29	modern	modern	ADJ
cjfa-3263	24	30	enterprise	enterprise	NOUN
cjfa-3263	24	31	to	to	PART
cjfa-3263	24	32	adapt	adapt	VERB
cjfa-3263	24	33	to	to	ADP
cjfa-3263	24	34	environmental	environmental	ADJ
cjfa-3263	24	35	requirements	requirement	NOUN
cjfa-3263	24	36	.	.	PUNCT
cjfa-3263	25	1	in	in	ADP
cjfa-3263	25	2	the	the	DET
cjfa-3263	25	3	case	case	NOUN
cjfa-3263	25	4	of	of	ADP
cjfa-3263	25	5	undertaking	undertake	VERB
cjfa-3263	25	6	strategic	strategic	ADJ
cjfa-3263	25	7	investment	investment	NOUN
cjfa-3263	25	8	activities	activity	NOUN
cjfa-3263	25	9	,	,	PUNCT
cjfa-3263	25	10	the	the	DET
cjfa-3263	25	11	company	company	NOUN
cjfa-3263	25	12	must	must	AUX
cjfa-3263	25	13	also	also	ADV
cjfa-3263	25	14	take	take	VERB
cjfa-3263	25	15	into	into	ADP
cjfa-3263	25	16	account	account	NOUN
cjfa-3263	25	17	the	the	DET
cjfa-3263	25	18	environmental	environmental	ADJ
cjfa-3263	25	19	aspect	aspect	NOUN
cjfa-3263	25	20	of	of	ADP
cjfa-3263	25	21	its	its	PRON
cjfa-3263	25	22	projects	project	NOUN
cjfa-3263	25	23	undertaken	undertake	VERB
cjfa-3263	25	24	.	.	PUNCT
cjfa-3263	26	1	the	the	DET
cjfa-3263	26	2	concept	concept	NOUN
cjfa-3263	26	3	of	of	ADP
cjfa-3263	26	4	real	real	ADJ
cjfa-3263	26	5	options	option	NOUN
cjfa-3263	26	6	analysis	analysis	NOUN
cjfa-3263	26	7	can	can	AUX
cjfa-3263	26	8	be	be	AUX
cjfa-3263	26	9	an	an	DET
cjfa-3263	26	10	alternative	alternative	NOUN
cjfa-3263	26	11	and	and	CCONJ
cjfa-3263	26	12	complement	complement	VERB
cjfa-3263	26	13	to	to	ADP
cjfa-3263	26	14	traditional	traditional	ADJ
cjfa-3263	26	15	methods	method	NOUN
cjfa-3263	26	16	of	of	ADP
cjfa-3263	26	17	evaluation	evaluation	NOUN
cjfa-3263	26	18	of	of	ADP
cjfa-3263	26	19	investment	investment	NOUN
cjfa-3263	26	20	projects	project	NOUN
cjfa-3263	26	21	implemented	implement	VERB
cjfa-3263	26	22	by	by	ADP
cjfa-3263	26	23	the	the	DET
cjfa-3263	26	24	company	company	NOUN
cjfa-3263	26	25	.	.	PUNCT
cjfa-3263	27	1	due	due	ADP
cjfa-3263	27	2	to	to	ADP
cjfa-3263	27	3	their	their	PRON
cjfa-3263	27	4	flexibility	flexibility	NOUN
cjfa-3263	27	5	,	,	PUNCT
cjfa-3263	27	6	options	option	NOUN
cjfa-3263	27	7	can	can	AUX
cjfa-3263	27	8	facilitate	facilitate	VERB
cjfa-3263	27	9	the	the	DET
cjfa-3263	27	10	management	management	NOUN
cjfa-3263	27	11	company	company	NOUN
cjfa-3263	27	12	to	to	PART
cjfa-3263	27	13	take	take	VERB
cjfa-3263	27	14	environmental	environmental	ADJ
cjfa-3263	27	15	decisions	decision	NOUN
cjfa-3263	27	16	related	relate	VERB
cjfa-3263	27	17	to	to	ADP
cjfa-3263	27	18	business	business	NOUN
cjfa-3263	27	19	activities	activity	NOUN
cjfa-3263	27	20	.	.	PUNCT
cjfa-3263	28	1	this	this	DET
cjfa-3263	28	2	article	article	NOUN
cjfa-3263	28	3	is	be	AUX
cjfa-3263	28	4	also	also	ADV
cjfa-3263	28	5	intended	intend	VERB
cjfa-3263	28	6	to	to	PART
cjfa-3263	28	7	present	present	VERB
cjfa-3263	28	8	different	different	ADJ
cjfa-3263	28	9	types	type	NOUN
cjfa-3263	28	10	of	of	ADP
cjfa-3263	28	11	real	real	ADJ
cjfa-3263	28	12	options	option	NOUN
cjfa-3263	28	13	,	,	PUNCT
cjfa-3263	28	14	the	the	DET
cjfa-3263	28	15	use	use	NOUN
cjfa-3263	28	16	of	of	ADP
cjfa-3263	28	17	which	which	PRON
cjfa-3263	28	18	may	may	AUX
cjfa-3263	28	19	significantly	significantly	ADV
cjfa-3263	28	20	facilitate	facilitate	VERB
cjfa-3263	28	21	the	the	DET
cjfa-3263	28	22	pro	pro	ADJ
cjfa-3263	28	23	-	-	ADJ
cjfa-3263	28	24	ecological	ecological	ADJ
cjfa-3263	28	25	management	management	NOUN
cjfa-3263	28	26	of	of	ADP
cjfa-3263	28	27	the	the	DET
cjfa-3263	28	28	enterprise	enterprise	NOUN
cjfa-3263	28	29	value	value	NOUN
cjfa-3263	28	30	.	.	PUNCT
cjfa-3263	29	1	real	real	ADJ
cjfa-3263	29	2	options	option	NOUN
cjfa-3263	29	3	in	in	ADP
cjfa-3263	29	4	the	the	DET
cjfa-3263	29	5	assessment	assessment	NOUN
cjfa-3263	29	6	of	of	ADP
cjfa-3263	29	7	the	the	DET
cjfa-3263	29	8	company	company	NOUN
cjfa-3263	29	9	’s	’s	PART
cjfa-3263	29	10	…	…	NUM
cjfa-3263	29	11	63	63	NUM
cjfa-3263	29	12	the	the	DET
cjfa-3263	29	13	research	research	NOUN
cjfa-3263	29	14	methodology	methodology	NOUN
cjfa-3263	29	15	and	and	CCONJ
cjfa-3263	29	16	the	the	DET
cjfa-3263	29	17	course	course	NOUN
cjfa-3263	29	18	of	of	ADP
cjfa-3263	29	19	the	the	DET
cjfa-3263	29	20	research	research	NOUN
cjfa-3263	29	21	process	process	NOUN
cjfa-3263	29	22	pro	pro	ADJ
cjfa-3263	29	23	-	-	ADJ
cjfa-3263	29	24	ecological	ecological	ADJ
cjfa-3263	29	25	investments	investment	NOUN
cjfa-3263	29	26	are	be	AUX
cjfa-3263	29	27	characterized	characterize	VERB
cjfa-3263	29	28	by	by	ADP
cjfa-3263	29	29	high	high	ADJ
cjfa-3263	29	30	flexibility	flexibility	NOUN
cjfa-3263	29	31	.	.	PUNCT
cjfa-3263	30	1	hence	hence	ADV
cjfa-3263	30	2	,	,	PUNCT
cjfa-3263	30	3	in	in	ADP
cjfa-3263	30	4	the	the	DET
cjfa-3263	30	5	case	case	NOUN
cjfa-3263	30	6	of	of	ADP
cjfa-3263	30	7	pro	pro	ADJ
cjfa-3263	30	8	-	-	ADJ
cjfa-3263	30	9	environmental	environmental	ADJ
cjfa-3263	30	10	projects	project	NOUN
cjfa-3263	30	11	there	there	PRON
cjfa-3263	30	12	is	be	VERB
cjfa-3263	30	13	a	a	DET
cjfa-3263	30	14	need	need	NOUN
cjfa-3263	30	15	to	to	PART
cjfa-3263	30	16	price	price	VERB
cjfa-3263	30	17	this	this	DET
cjfa-3263	30	18	flexibility	flexibility	NOUN
cjfa-3263	30	19	,	,	PUNCT
cjfa-3263	30	20	which	which	PRON
cjfa-3263	30	21	significantly	significantly	ADV
cjfa-3263	30	22	increases	increase	VERB
cjfa-3263	30	23	the	the	DET
cjfa-3263	30	24	economic	economic	ADJ
cjfa-3263	30	25	value	value	NOUN
cjfa-3263	30	26	of	of	ADP
cjfa-3263	30	27	the	the	DET
cjfa-3263	30	28	investment	investment	NOUN
cjfa-3263	30	29	.	.	PUNCT
cjfa-3263	31	1	the	the	DET
cjfa-3263	31	2	following	follow	VERB
cjfa-3263	31	3	were	be	AUX
cjfa-3263	31	4	realized	realize	VERB
cjfa-3263	31	5	within	within	ADP
cjfa-3263	31	6	the	the	DET
cjfa-3263	31	7	article	article	NOUN
cjfa-3263	31	8	:	:	PUNCT
cjfa-3263	31	9	■	■	PUNCT
cjfa-3263	31	10	analysis	analysis	NOUN
cjfa-3263	31	11	of	of	ADP
cjfa-3263	31	12	the	the	DET
cjfa-3263	31	13	properties	property	NOUN
cjfa-3263	31	14	of	of	ADP
cjfa-3263	31	15	real	real	ADJ
cjfa-3263	31	16	options	option	NOUN
cjfa-3263	31	17	in	in	ADP
cjfa-3263	31	18	terms	term	NOUN
cjfa-3263	31	19	of	of	ADP
cjfa-3263	31	20	their	their	PRON
cjfa-3263	31	21	applicability	applicability	NOUN
cjfa-3263	31	22	in	in	ADP
cjfa-3263	31	23	the	the	DET
cjfa-3263	31	24	evaluation	evaluation	NOUN
cjfa-3263	31	25	of	of	ADP
cjfa-3263	31	26	pro	pro	ADJ
cjfa-3263	31	27	-	-	ADJ
cjfa-3263	31	28	environmental	environmental	ADJ
cjfa-3263	31	29	projects	project	NOUN
cjfa-3263	31	30	,	,	PUNCT
cjfa-3263	31	31	■	■	PUNCT
cjfa-3263	31	32	based	base	VERB
cjfa-3263	31	33	on	on	ADP
cjfa-3263	31	34	the	the	DET
cjfa-3263	31	35	identified	identify	VERB
cjfa-3263	31	36	flexibility	flexibility	NOUN
cjfa-3263	31	37	inherent	inherent	ADJ
cjfa-3263	31	38	in	in	ADP
cjfa-3263	31	39	the	the	DET
cjfa-3263	31	40	pro	pro	ADJ
cjfa-3263	31	41	-	-	ADJ
cjfa-3263	31	42	ecological	ecological	ADJ
cjfa-3263	31	43	projects	project	NOUN
cjfa-3263	31	44	particular	particular	ADJ
cjfa-3263	31	45	categories	category	NOUN
cjfa-3263	31	46	of	of	ADP
cjfa-3263	31	47	real	real	ADJ
cjfa-3263	31	48	options	option	NOUN
cjfa-3263	31	49	were	be	AUX
cjfa-3263	31	50	assigned	assign	VERB
cjfa-3263	31	51	to	to	ADP
cjfa-3263	31	52	selected	select	VERB
cjfa-3263	31	53	pro	pro	ADJ
cjfa-3263	31	54	-	-	ADJ
cjfa-3263	31	55	ecological	ecological	ADJ
cjfa-3263	31	56	investments	investment	NOUN
cjfa-3263	31	57	,	,	PUNCT
cjfa-3263	31	58	■	■	PUNCT
cjfa-3263	31	59	for	for	ADP
cjfa-3263	31	60	selected	select	VERB
cjfa-3263	31	61	types	type	NOUN
cjfa-3263	31	62	of	of	ADP
cjfa-3263	31	63	real	real	ADJ
cjfa-3263	31	64	options	option	NOUN
cjfa-3263	31	65	the	the	DET
cjfa-3263	31	66	valuation	valuation	NOUN
cjfa-3263	31	67	models	model	NOUN
cjfa-3263	31	68	were	be	AUX
cjfa-3263	31	69	indicated	indicate	VERB
cjfa-3263	31	70	.	.	PUNCT
cjfa-3263	32	1	pro	pro	ADJ
cjfa-3263	32	2	-	-	ADJ
cjfa-3263	32	3	ecological	ecological	ADJ
cjfa-3263	32	4	strategies	strategy	NOUN
cjfa-3263	32	5	in	in	ADP
cjfa-3263	32	6	the	the	DET
cjfa-3263	32	7	company	company	NOUN
cjfa-3263	32	8	’s	’s	PART
cjfa-3263	32	9	activity	activity	NOUN
cjfa-3263	32	10	threats	threat	NOUN
cjfa-3263	32	11	of	of	ADP
cjfa-3263	32	12	environmental	environmental	ADJ
cjfa-3263	32	13	degradation	degradation	NOUN
cjfa-3263	32	14	,	,	PUNCT
cjfa-3263	32	15	which	which	PRON
cjfa-3263	32	16	arise	arise	VERB
cjfa-3263	32	17	out	out	ADP
cjfa-3263	32	18	of	of	ADP
cjfa-3263	32	19	business	business	NOUN
cjfa-3263	32	20	activities	activity	NOUN
cjfa-3263	32	21	conducted	conduct	VERB
cjfa-3263	32	22	are	be	AUX
cjfa-3263	32	23	divided	divide	VERB
cjfa-3263	32	24	into	into	ADP
cjfa-3263	32	25	global	global	ADJ
cjfa-3263	32	26	and	and	CCONJ
cjfa-3263	32	27	local	local	ADJ
cjfa-3263	32	28	(	(	PUNCT
cjfa-3263	32	29	piontek	piontek	NOUN
cjfa-3263	32	30	2002	2002	NUM
cjfa-3263	32	31	;	;	PUNCT
cjfa-3263	32	32	piontek	piontek	PROPN
cjfa-3263	32	33	,	,	PUNCT
cjfa-3263	32	34	piontek	piontek	PROPN
cjfa-3263	32	35	,	,	PUNCT
cjfa-3263	32	36	piontek	piontek	NOUN
cjfa-3263	32	37	1997	1997	NUM
cjfa-3263	32	38	;	;	PUNCT
cjfa-3263	32	39	nahotko	nahotko	PROPN
cjfa-3263	32	40	2002	2002	NUM
cjfa-3263	32	41	;	;	PUNCT
cjfa-3263	32	42	płoska	płoska	PROPN
cjfa-3263	32	43	2006	2006	NUM
cjfa-3263	32	44	;	;	PUNCT
cjfa-3263	32	45	ryszko	ryszko	NOUN
cjfa-3263	32	46	2007	2007	NUM
cjfa-3263	32	47	)	)	PUNCT
cjfa-3263	32	48	.	.	PUNCT
cjfa-3263	33	1	the	the	DET
cjfa-3263	33	2	main	main	ADJ
cjfa-3263	33	3	global	global	ADJ
cjfa-3263	33	4	threats	threat	NOUN
cjfa-3263	33	5	include	include	VERB
cjfa-3263	33	6	the	the	DET
cjfa-3263	33	7	following	following	NOUN
cjfa-3263	33	8	:	:	PUNCT
cjfa-3263	33	9	the	the	DET
cjfa-3263	33	10	greenhouse	greenhouse	NOUN
cjfa-3263	33	11	effect	effect	NOUN
cjfa-3263	33	12	,	,	PUNCT
cjfa-3263	33	13	ozone	ozone	NOUN
cjfa-3263	33	14	depletion	depletion	NOUN
cjfa-3263	33	15	,	,	PUNCT
cjfa-3263	33	16	desertification	desertification	NOUN
cjfa-3263	33	17	of	of	ADP
cjfa-3263	33	18	land	land	NOUN
cjfa-3263	33	19	,	,	PUNCT
cjfa-3263	33	20	uncontrolled	uncontrolled	ADJ
cjfa-3263	33	21	deforestation	deforestation	NOUN
cjfa-3263	33	22	,	,	PUNCT
cjfa-3263	33	23	and	and	CCONJ
cjfa-3263	33	24	water	water	NOUN
cjfa-3263	33	25	scarcity	scarcity	NOUN
cjfa-3263	33	26	.	.	PUNCT
cjfa-3263	34	1	in	in	ADP
cjfa-3263	34	2	turn	turn	NOUN
cjfa-3263	34	3	,	,	PUNCT
cjfa-3263	34	4	local	local	ADJ
cjfa-3263	34	5	threats	threat	NOUN
cjfa-3263	34	6	are	be	AUX
cjfa-3263	34	7	pollution	pollution	NOUN
cjfa-3263	34	8	of	of	ADP
cjfa-3263	34	9	the	the	DET
cjfa-3263	34	10	atmosphere	atmosphere	NOUN
cjfa-3263	34	11	,	,	PUNCT
cjfa-3263	34	12	noise	noise	NOUN
cjfa-3263	34	13	,	,	PUNCT
cjfa-3263	34	14	increase	increase	NOUN
cjfa-3263	34	15	in	in	ADP
cjfa-3263	34	16	the	the	DET
cjfa-3263	34	17	size	size	NOUN
cjfa-3263	34	18	of	of	ADP
cjfa-3263	34	19	the	the	DET
cjfa-3263	34	20	electromagnetic	electromagnetic	ADJ
cjfa-3263	34	21	field	field	NOUN
cjfa-3263	34	22	,	,	PUNCT
cjfa-3263	34	23	environmental	environmental	ADJ
cjfa-3263	34	24	disasters	disaster	NOUN
cjfa-3263	34	25	,	,	PUNCT
cjfa-3263	34	26	pollution	pollution	NOUN
cjfa-3263	34	27	caused	cause	VERB
cjfa-3263	34	28	by	by	ADP
cjfa-3263	34	29	solid	solid	ADJ
cjfa-3263	34	30	and	and	CCONJ
cjfa-3263	34	31	liquid	liquid	ADJ
cjfa-3263	34	32	waste	waste	NOUN
cjfa-3263	34	33	,	,	PUNCT
cjfa-3263	34	34	chemical	chemical	NOUN
cjfa-3263	34	35	pollution	pollution	NOUN
cjfa-3263	34	36	,	,	PUNCT
cjfa-3263	34	37	changes	change	NOUN
cjfa-3263	34	38	in	in	ADP
cjfa-3263	34	39	the	the	DET
cjfa-3263	34	40	landscape	landscape	NOUN
cjfa-3263	34	41	.	.	PUNCT
cjfa-3263	35	1	the	the	DET
cjfa-3263	35	2	negative	negative	ADJ
cjfa-3263	35	3	effects	effect	NOUN
cjfa-3263	35	4	of	of	ADP
cjfa-3263	35	5	economic	economic	ADJ
cjfa-3263	35	6	processes	process	NOUN
cjfa-3263	35	7	on	on	ADP
cjfa-3263	35	8	the	the	DET
cjfa-3263	35	9	environment	environment	NOUN
cjfa-3263	35	10	and	and	CCONJ
cjfa-3263	35	11	the	the	DET
cjfa-3263	35	12	increase	increase	NOUN
cjfa-3263	35	13	in	in	ADP
cjfa-3263	35	14	the	the	DET
cjfa-3263	35	15	awareness	awareness	NOUN
cjfa-3263	35	16	of	of	ADP
cjfa-3263	35	17	the	the	DET
cjfa-3263	35	18	need	need	NOUN
cjfa-3263	35	19	to	to	PART
cjfa-3263	35	20	counter	counter	VERB
cjfa-3263	35	21	the	the	DET
cjfa-3263	35	22	devastation	devastation	NOUN
cjfa-3263	35	23	of	of	ADP
cjfa-3263	35	24	the	the	DET
cjfa-3263	35	25	environment	environment	NOUN
cjfa-3263	35	26	have	have	AUX
cjfa-3263	35	27	contributed	contribute	VERB
cjfa-3263	35	28	to	to	ADP
cjfa-3263	35	29	the	the	DET
cjfa-3263	35	30	development	development	NOUN
cjfa-3263	35	31	of	of	ADP
cjfa-3263	35	32	economic	economic	ADJ
cjfa-3263	35	33	and	and	CCONJ
cjfa-3263	35	34	legal	legal	ADJ
cjfa-3263	35	35	instruments	instrument	NOUN
cjfa-3263	35	36	of	of	ADP
cjfa-3263	35	37	the	the	DET
cjfa-3263	35	38	state	state	NOUN
cjfa-3263	35	39	’s	’s	PART
cjfa-3263	35	40	environmental	environmental	ADJ
cjfa-3263	35	41	policy	policy	NOUN
cjfa-3263	35	42	.	.	PUNCT
cjfa-3263	36	1	these	these	DET
cjfa-3263	36	2	instruments	instrument	NOUN
cjfa-3263	36	3	contribute	contribute	VERB
cjfa-3263	36	4	to	to	ADP
cjfa-3263	36	5	the	the	DET
cjfa-3263	36	6	implementation	implementation	NOUN
cjfa-3263	36	7	of	of	ADP
cjfa-3263	36	8	investment	investment	NOUN
cjfa-3263	36	9	projects	project	NOUN
cjfa-3263	36	10	realised	realise	VERB
cjfa-3263	36	11	by	by	ADP
cjfa-3263	36	12	companies	company	NOUN
cjfa-3263	36	13	that	that	PRON
cjfa-3263	36	14	consider	consider	VERB
cjfa-3263	36	15	environmental	environmental	ADJ
cjfa-3263	36	16	elements	element	NOUN
cjfa-3263	36	17	.	.	PUNCT
cjfa-3263	37	1	the	the	DET
cjfa-3263	37	2	following	follow	VERB
cjfa-3263	37	3	legal	legal	ADJ
cjfa-3263	37	4	instruments	instrument	NOUN
cjfa-3263	37	5	deserve	deserve	VERB
cjfa-3263	37	6	special	special	ADJ
cjfa-3263	37	7	attention	attention	NOUN
cjfa-3263	37	8	:	:	PUNCT
cjfa-3263	37	9	regulations	regulation	NOUN
cjfa-3263	37	10	that	that	PRON
cjfa-3263	37	11	oblige	oblige	VERB
cjfa-3263	37	12	entities	entity	NOUN
cjfa-3263	37	13	to	to	PART
cjfa-3263	37	14	consider	consider	VERB
cjfa-3263	37	15	the	the	DET
cjfa-3263	37	16	requirements	requirement	NOUN
cjfa-3263	37	17	of	of	ADP
cjfa-3263	37	18	environmental	environmental	ADJ
cjfa-3263	37	19	protection	protection	NOUN
cjfa-3263	37	20	,	,	PUNCT
cjfa-3263	37	21	emission	emission	NOUN
cjfa-3263	37	22	norms	norm	NOUN
cjfa-3263	37	23	,	,	PUNCT
cjfa-3263	37	24	the	the	DET
cjfa-3263	37	25	accepted	accept	VERB
cjfa-3263	37	26	principles	principle	NOUN
cjfa-3263	37	27	of	of	ADP
cjfa-3263	37	28	eco	eco	PROPN
cjfa-3263	37	29	-	-	PUNCT
cjfa-3263	37	30	development	development	NOUN
cjfa-3263	37	31	as	as	ADP
cjfa-3263	37	32	a	a	DET
cjfa-3263	37	33	criterion	criterion	NOUN
cjfa-3263	37	34	of	of	ADP
cjfa-3263	37	35	land	land	NOUN
cjfa-3263	37	36	-	-	PUNCT
cjfa-3263	37	37	use	use	NOUN
cjfa-3263	37	38	,	,	PUNCT
cjfa-3263	37	39	provisions	provision	NOUN
cjfa-3263	37	40	governing	govern	VERB
cjfa-3263	37	41	the	the	DET
cjfa-3263	37	42	rules	rule	NOUN
cjfa-3263	37	43	of	of	ADP
cjfa-3263	37	44	the	the	DET
cjfa-3263	37	45	obtainment	obtainment	NOUN
cjfa-3263	37	46	of	of	ADP
cjfa-3263	37	47	a	a	DET
cjfa-3263	37	48	license	license	NOUN
cjfa-3263	37	49	for	for	ADP
cjfa-3263	37	50	a	a	DET
cjfa-3263	37	51	specific	specific	ADJ
cjfa-3263	37	52	activity	activity	NOUN
cjfa-3263	37	53	,	,	PUNCT
cjfa-3263	37	54	the	the	DET
cjfa-3263	37	55	rules	rule	NOUN
cjfa-3263	37	56	governing	govern	VERB
cjfa-3263	37	57	the	the	DET
cjfa-3263	37	58	conduct	conduct	NOUN
cjfa-3263	37	59	of	of	ADP
cjfa-3263	37	60	environmental	environmental	ADJ
cjfa-3263	37	61	impact	impact	NOUN
cjfa-3263	37	62	assessment	assessment	NOUN
cjfa-3263	37	63	,	,	PUNCT
cjfa-3263	37	64	the	the	DET
cjfa-3263	37	65	official	official	ADJ
cjfa-3263	37	66	list	list	NOUN
cjfa-3263	37	67	of	of	ADP
cjfa-3263	37	68	hazardous	hazardous	ADJ
cjfa-3263	37	69	waste	waste	NOUN
cjfa-3263	37	70	.	.	PUNCT
cjfa-3263	38	1	in	in	ADP
cjfa-3263	38	2	turn	turn	NOUN
cjfa-3263	38	3	,	,	PUNCT
cjfa-3263	38	4	the	the	DET
cjfa-3263	38	5	main	main	ADJ
cjfa-3263	38	6	economic	economic	ADJ
cjfa-3263	38	7	instruments	instrument	NOUN
cjfa-3263	38	8	of	of	ADP
cjfa-3263	38	9	the	the	DET
cjfa-3263	38	10	state	state	NOUN
cjfa-3263	38	11	’s	’s	PART
cjfa-3263	38	12	environmental	environmental	ADJ
cjfa-3263	38	13	policy	policy	NOUN
cjfa-3263	38	14	include	include	VERB
cjfa-3263	38	15	ecological	ecological	ADJ
cjfa-3263	38	16	charges	charge	NOUN
cjfa-3263	38	17	,	,	PUNCT
cjfa-3263	38	18	environmental	environmental	ADJ
cjfa-3263	38	19	fines	fine	NOUN
cjfa-3263	38	20	,	,	PUNCT
cjfa-3263	38	21	product	product	NOUN
cjfa-3263	38	22	charges	charge	NOUN
cjfa-3263	38	23	,	,	PUNCT
cjfa-3263	38	24	subsidies	subsidy	NOUN
cjfa-3263	38	25	,	,	PUNCT
cjfa-3263	38	26	emissions	emission	NOUN
cjfa-3263	38	27	trading	trading	NOUN
cjfa-3263	38	28	.	.	PUNCT
cjfa-3263	39	1	ewa	ewa	PROPN
cjfa-3263	39	2	dziawgo64	dziawgo64	PROPN
cjfa-3263	39	3	pro	pro	ADJ
cjfa-3263	39	4	-	-	ADJ
cjfa-3263	39	5	ecological	ecological	ADJ
cjfa-3263	39	6	investment	investment	NOUN
cjfa-3263	39	7	made	make	VERB
cjfa-3263	39	8	by	by	ADP
cjfa-3263	39	9	companies	company	NOUN
cjfa-3263	39	10	are	be	AUX
cjfa-3263	39	11	investments	investment	NOUN
cjfa-3263	39	12	in	in	ADP
cjfa-3263	39	13	green	green	ADJ
cjfa-3263	39	14	technologies	technology	NOUN
cjfa-3263	39	15	and	and	CCONJ
cjfa-3263	39	16	in	in	ADP
cjfa-3263	39	17	management	management	NOUN
cjfa-3263	39	18	,	,	PUNCT
cjfa-3263	39	19	in	in	ADP
cjfa-3263	39	20	which	which	PRON
cjfa-3263	39	21	the	the	DET
cjfa-3263	39	22	rules	rule	NOUN
cjfa-3263	39	23	are	be	AUX
cjfa-3263	39	24	complied	comply	VERB
cjfa-3263	39	25	with	with	ADP
cjfa-3263	39	26	environmental	environmental	ADJ
cjfa-3263	39	27	protection	protection	NOUN
cjfa-3263	39	28	.	.	PUNCT
cjfa-3263	40	1	taking	take	VERB
cjfa-3263	40	2	into	into	ADP
cjfa-3263	40	3	account	account	NOUN
cjfa-3263	40	4	the	the	DET
cjfa-3263	40	5	aspects	aspect	NOUN
cjfa-3263	40	6	of	of	ADP
cjfa-3263	40	7	the	the	DET
cjfa-3263	40	8	idea	idea	NOUN
cjfa-3263	40	9	of	of	ADP
cjfa-3263	40	10	environmental	environmental	ADJ
cjfa-3263	40	11	protection	protection	NOUN
cjfa-3263	40	12	is	be	AUX
cjfa-3263	40	13	reflected	reflect	VERB
cjfa-3263	40	14	in	in	ADP
cjfa-3263	40	15	numerous	numerous	ADJ
cjfa-3263	40	16	spheres	sphere	NOUN
cjfa-3263	40	17	of	of	ADP
cjfa-3263	40	18	business	business	NOUN
cjfa-3263	40	19	.	.	PUNCT
cjfa-3263	41	1	in	in	ADP
cjfa-3263	41	2	particular	particular	ADJ
cjfa-3263	41	3	,	,	PUNCT
cjfa-3263	41	4	the	the	DET
cjfa-3263	41	5	pro	pro	ADJ
cjfa-3263	41	6	-	-	ADJ
cjfa-3263	41	7	ecological	ecological	ADJ
cjfa-3263	41	8	activities	activity	NOUN
cjfa-3263	41	9	of	of	ADP
cjfa-3263	41	10	companies	company	NOUN
cjfa-3263	41	11	include	include	VERB
cjfa-3263	41	12	the	the	DET
cjfa-3263	41	13	following	follow	VERB
cjfa-3263	41	14	:	:	PUNCT
cjfa-3263	41	15	■	■	PUNCT
cjfa-3263	41	16	developing	develop	VERB
cjfa-3263	41	17	and	and	CCONJ
cjfa-3263	41	18	implementing	implement	VERB
cjfa-3263	41	19	designs	design	NOUN
cjfa-3263	41	20	of	of	ADP
cjfa-3263	41	21	new	new	ADJ
cjfa-3263	41	22	products	product	NOUN
cjfa-3263	41	23	,	,	PUNCT
cjfa-3263	41	24	which	which	PRON
cjfa-3263	41	25	in	in	ADP
cjfa-3263	41	26	comparison	comparison	NOUN
cjfa-3263	41	27	with	with	ADP
cjfa-3263	41	28	conventional	conventional	ADJ
cjfa-3263	41	29	products	product	NOUN
cjfa-3263	41	30	have	have	VERB
cjfa-3263	41	31	a	a	DET
cjfa-3263	41	32	favourable	favourable	ADJ
cjfa-3263	41	33	impact	impact	NOUN
cjfa-3263	41	34	on	on	ADP
cjfa-3263	41	35	the	the	DET
cjfa-3263	41	36	environment	environment	NOUN
cjfa-3263	41	37	,	,	PUNCT
cjfa-3263	41	38	■	■	PUNCT
cjfa-3263	41	39	analysing	analyse	VERB
cjfa-3263	41	40	the	the	DET
cjfa-3263	41	41	impact	impact	NOUN
cjfa-3263	41	42	of	of	ADP
cjfa-3263	41	43	the	the	DET
cjfa-3263	41	44	product	product	NOUN
cjfa-3263	41	45	and	and	CCONJ
cjfa-3263	41	46	its	its	PRON
cjfa-3263	41	47	manufacturing	manufacturing	NOUN
cjfa-3263	41	48	process	process	NOUN
cjfa-3263	41	49	on	on	ADP
cjfa-3263	41	50	the	the	DET
cjfa-3263	41	51	environment	environment	NOUN
cjfa-3263	41	52	,	,	PUNCT
cjfa-3263	41	53	■	■	PUNCT
cjfa-3263	41	54	modifications	modification	NOUN
cjfa-3263	41	55	of	of	ADP
cjfa-3263	41	56	an	an	DET
cjfa-3263	41	57	existing	exist	VERB
cjfa-3263	41	58	product	product	NOUN
cjfa-3263	41	59	,	,	PUNCT
cjfa-3263	41	60	the	the	DET
cjfa-3263	41	61	result	result	NOUN
cjfa-3263	41	62	of	of	ADP
cjfa-3263	41	63	which	which	PRON
cjfa-3263	41	64	is	be	AUX
cjfa-3263	41	65	the	the	DET
cjfa-3263	41	66	achievement	achievement	NOUN
cjfa-3263	41	67	of	of	ADP
cjfa-3263	41	68	a	a	DET
cjfa-3263	41	69	higher	high	ADJ
cjfa-3263	41	70	quality	quality	NOUN
cjfa-3263	41	71	of	of	ADP
cjfa-3263	41	72	this	this	DET
cjfa-3263	41	73	product	product	NOUN
cjfa-3263	41	74	while	while	SCONJ
cjfa-3263	41	75	minimizing	minimize	VERB
cjfa-3263	41	76	the	the	DET
cjfa-3263	41	77	negative	negative	ADJ
cjfa-3263	41	78	impact	impact	NOUN
cjfa-3263	41	79	of	of	ADP
cjfa-3263	41	80	the	the	DET
cjfa-3263	41	81	manufacturing	manufacturing	NOUN
cjfa-3263	41	82	process	process	NOUN
cjfa-3263	41	83	on	on	ADP
cjfa-3263	41	84	the	the	DET
cjfa-3263	41	85	environment	environment	NOUN
cjfa-3263	41	86	,	,	PUNCT
cjfa-3263	41	87	■	■	PUNCT
cjfa-3263	41	88	developing	develop	VERB
cjfa-3263	41	89	and	and	CCONJ
cjfa-3263	41	90	introducing	introduce	VERB
cjfa-3263	41	91	new	new	ADJ
cjfa-3263	41	92	technologies	technology	NOUN
cjfa-3263	41	93	that	that	PRON
cjfa-3263	41	94	reduce	reduce	VERB
cjfa-3263	41	95	the	the	DET
cjfa-3263	41	96	consumption	consumption	NOUN
cjfa-3263	41	97	of	of	ADP
cjfa-3263	41	98	raw	raw	ADJ
cjfa-3263	41	99	materials	material	NOUN
cjfa-3263	41	100	and	and	CCONJ
cjfa-3263	41	101	energy	energy	NOUN
cjfa-3263	41	102	,	,	PUNCT
cjfa-3263	41	103	and	and	CCONJ
cjfa-3263	41	104	minimize	minimize	VERB
cjfa-3263	41	105	the	the	DET
cjfa-3263	41	106	amount	amount	NOUN
cjfa-3263	41	107	of	of	ADP
cjfa-3263	41	108	waste	waste	NOUN
cjfa-3263	41	109	,	,	PUNCT
cjfa-3263	41	110	■	■	PUNCT
cjfa-3263	41	111	consideration	consideration	NOUN
cjfa-3263	41	112	of	of	ADP
cjfa-3263	41	113	recycled	recycled	ADJ
cjfa-3263	41	114	materials	material	NOUN
cjfa-3263	41	115	in	in	ADP
cjfa-3263	41	116	the	the	DET
cjfa-3263	41	117	product	product	NOUN
cjfa-3263	41	118	and	and	CCONJ
cjfa-3263	41	119	its	its	PRON
cjfa-3263	41	120	packaging	packaging	NOUN
cjfa-3263	41	121	,	,	PUNCT
cjfa-3263	41	122	■	■	PUNCT
cjfa-3263	41	123	minimizing	minimize	VERB
cjfa-3263	41	124	the	the	DET
cjfa-3263	41	125	size	size	NOUN
cjfa-3263	41	126	of	of	ADP
cjfa-3263	41	127	the	the	DET
cjfa-3263	41	128	packaging	packaging	NOUN
cjfa-3263	41	129	,	,	PUNCT
cjfa-3263	41	130	■	■	PUNCT
cjfa-3263	41	131	conducting	conduct	VERB
cjfa-3263	41	132	and	and	CCONJ
cjfa-3263	41	133	sponsoring	sponsor	VERB
cjfa-3263	41	134	scientific	scientific	ADJ
cjfa-3263	41	135	research	research	NOUN
cjfa-3263	41	136	in	in	ADP
cjfa-3263	41	137	the	the	DET
cjfa-3263	41	138	field	field	NOUN
cjfa-3263	41	139	of	of	ADP
cjfa-3263	41	140	introducing	introduce	VERB
cjfa-3263	41	141	new	new	ADJ
cjfa-3263	41	142	products	product	NOUN
cjfa-3263	41	143	and	and	CCONJ
cjfa-3263	41	144	improving	improve	VERB
cjfa-3263	41	145	manufacturing	manufacturing	NOUN
cjfa-3263	41	146	processes	process	NOUN
cjfa-3263	41	147	taking	take	VERB
cjfa-3263	41	148	into	into	ADP
cjfa-3263	41	149	account	account	NOUN
cjfa-3263	41	150	environmental	environmental	ADJ
cjfa-3263	41	151	priorities	priority	NOUN
cjfa-3263	41	152	,	,	PUNCT
cjfa-3263	41	153	■	■	PUNCT
cjfa-3263	41	154	ensuring	ensure	VERB
cjfa-3263	41	155	safe	safe	ADJ
cjfa-3263	41	156	transport	transport	NOUN
cjfa-3263	41	157	and	and	CCONJ
cjfa-3263	41	158	proper	proper	ADJ
cjfa-3263	41	159	storage	storage	NOUN
cjfa-3263	41	160	of	of	ADP
cjfa-3263	41	161	hazardous	hazardous	ADJ
cjfa-3263	41	162	substances	substance	NOUN
cjfa-3263	41	163	,	,	PUNCT
cjfa-3263	41	164	■	■	PUNCT
cjfa-3263	41	165	sponsoring	sponsor	VERB
cjfa-3263	41	166	environmental	environmental	ADJ
cjfa-3263	41	167	programs	program	NOUN
cjfa-3263	41	168	and	and	CCONJ
cjfa-3263	41	169	actions	action	NOUN
cjfa-3263	41	170	.	.	PUNCT
cjfa-3263	42	1	in	in	ADP
cjfa-3263	42	2	the	the	DET
cjfa-3263	42	3	process	process	NOUN
cjfa-3263	42	4	of	of	ADP
cjfa-3263	42	5	adapting	adapt	VERB
cjfa-3263	42	6	companies	company	NOUN
cjfa-3263	42	7	to	to	ADP
cjfa-3263	42	8	the	the	DET
cjfa-3263	42	9	requirements	requirement	NOUN
cjfa-3263	42	10	of	of	ADP
cjfa-3263	42	11	and	and	CCONJ
cjfa-3263	42	12	regulations	regulation	NOUN
cjfa-3263	42	13	on	on	ADP
cjfa-3263	42	14	environmental	environmental	ADJ
cjfa-3263	42	15	protection	protection	NOUN
cjfa-3263	42	16	an	an	DET
cjfa-3263	42	17	increasing	increase	VERB
cjfa-3263	42	18	public	public	ADJ
cjfa-3263	42	19	awareness	awareness	NOUN
cjfa-3263	42	20	of	of	ADP
cjfa-3263	42	21	environmental	environmental	ADJ
cjfa-3263	42	22	protection	protection	NOUN
cjfa-3263	42	23	is	be	AUX
cjfa-3263	42	24	essential	essential	ADJ
cjfa-3263	42	25	.	.	PUNCT
cjfa-3263	43	1	there	there	PRON
cjfa-3263	43	2	is	be	VERB
cjfa-3263	43	3	a	a	DET
cjfa-3263	43	4	favourable	favourable	ADJ
cjfa-3263	43	5	image	image	NOUN
cjfa-3263	43	6	of	of	ADP
cjfa-3263	43	7	companies	company	NOUN
cjfa-3263	43	8	engaging	engage	VERB
cjfa-3263	43	9	in	in	ADP
cjfa-3263	43	10	environmental	environmental	ADJ
cjfa-3263	43	11	protection	protection	NOUN
cjfa-3263	43	12	and	and	CCONJ
cjfa-3263	43	13	offering	offer	VERB
cjfa-3263	43	14	environmentally	environmentally	ADV
cjfa-3263	43	15	friendly	friendly	ADJ
cjfa-3263	43	16	products	product	NOUN
cjfa-3263	43	17	.	.	PUNCT
cjfa-3263	44	1	enterprises	enterprise	NOUN
cjfa-3263	44	2	involving	involve	VERB
cjfa-3263	44	3	in	in	ADP
cjfa-3263	44	4	their	their	PRON
cjfa-3263	44	5	processes	process	NOUN
cjfa-3263	44	6	economic	economic	ADJ
cjfa-3263	44	7	ideas	idea	NOUN
cjfa-3263	44	8	of	of	ADP
cjfa-3263	44	9	eco	eco	PROPN
cjfa-3263	44	10	-	-	PUNCT
cjfa-3263	44	11	development	development	NOUN
cjfa-3263	44	12	reach	reach	VERB
cjfa-3263	44	13	a	a	DET
cjfa-3263	44	14	competitive	competitive	ADJ
cjfa-3263	44	15	advantage	advantage	NOUN
cjfa-3263	44	16	that	that	PRON
cjfa-3263	44	17	comes	come	VERB
cjfa-3263	44	18	from	from	ADP
cjfa-3263	44	19	their	their	PRON
cjfa-3263	44	20	standing	stand	VERB
cjfa-3263	44	21	out	out	ADP
cjfa-3263	44	22	in	in	ADP
cjfa-3263	44	23	the	the	DET
cjfa-3263	44	24	market	market	NOUN
cjfa-3263	44	25	environment	environment	NOUN
cjfa-3263	44	26	.	.	PUNCT
cjfa-3263	45	1	it	it	PRON
cjfa-3263	45	2	is	be	AUX
cjfa-3263	45	3	increasingly	increasingly	ADV
cjfa-3263	45	4	popular	popular	ADJ
cjfa-3263	45	5	nowadays	nowadays	ADV
cjfa-3263	45	6	to	to	PART
cjfa-3263	45	7	analyse	analyse	VERB
cjfa-3263	45	8	both	both	CCONJ
cjfa-3263	45	9	good	good	ADJ
cjfa-3263	45	10	economic	economic	ADJ
cjfa-3263	45	11	performance	performance	NOUN
cjfa-3263	45	12	and	and	CCONJ
cjfa-3263	45	13	undertaken	undertake	VERB
cjfa-3263	45	14	pro	pro	ADJ
cjfa-3263	45	15	-	-	ADJ
cjfa-3263	45	16	environmental	environmental	ADJ
cjfa-3263	45	17	activities	activity	NOUN
cjfa-3263	45	18	while	while	SCONJ
cjfa-3263	45	19	attracting	attract	VERB
cjfa-3263	45	20	investors	investor	NOUN
cjfa-3263	45	21	.	.	PUNCT
cjfa-3263	46	1	changes	change	NOUN
cjfa-3263	46	2	in	in	ADP
cjfa-3263	46	3	production	production	NOUN
cjfa-3263	46	4	technologies	technology	NOUN
cjfa-3263	46	5	,	,	PUNCT
cjfa-3263	46	6	whose	whose	DET
cjfa-3263	46	7	aim	aim	NOUN
cjfa-3263	46	8	is	be	AUX
cjfa-3263	46	9	to	to	PART
cjfa-3263	46	10	improve	improve	VERB
cjfa-3263	46	11	the	the	DET
cjfa-3263	46	12	environmental	environmental	ADJ
cjfa-3263	46	13	parameters	parameter	NOUN
cjfa-3263	46	14	of	of	ADP
cjfa-3263	46	15	the	the	DET
cjfa-3263	46	16	functioning	functioning	NOUN
cjfa-3263	46	17	of	of	ADP
cjfa-3263	46	18	the	the	DET
cjfa-3263	46	19	enterprise	enterprise	NOUN
cjfa-3263	46	20	,	,	PUNCT
cjfa-3263	46	21	contribute	contribute	VERB
cjfa-3263	46	22	to	to	ADP
cjfa-3263	46	23	the	the	DET
cjfa-3263	46	24	creation	creation	NOUN
cjfa-3263	46	25	of	of	ADP
cjfa-3263	46	26	a	a	DET
cjfa-3263	46	27	competitive	competitive	ADJ
cjfa-3263	46	28	advantage	advantage	NOUN
cjfa-3263	46	29	resulting	result	VERB
cjfa-3263	46	30	from	from	ADP
cjfa-3263	46	31	the	the	DET
cjfa-3263	46	32	cost	cost	NOUN
cjfa-3263	46	33	advantage	advantage	NOUN
cjfa-3263	46	34	.	.	PUNCT
cjfa-3263	47	1	introduction	introduction	NOUN
cjfa-3263	47	2	of	of	ADP
cjfa-3263	47	3	environment	environment	NOUN
cjfa-3263	47	4	-	-	PUNCT
cjfa-3263	47	5	friendly	friendly	ADJ
cjfa-3263	47	6	technology	technology	NOUN
cjfa-3263	47	7	upgrades	upgrade	NOUN
cjfa-3263	47	8	and	and	CCONJ
cjfa-3263	47	9	innovation	innovation	NOUN
cjfa-3263	47	10	in	in	ADP
cjfa-3263	47	11	the	the	DET
cjfa-3263	47	12	production	production	NOUN
cjfa-3263	47	13	process	process	NOUN
cjfa-3263	47	14	can	can	AUX
cjfa-3263	47	15	affect	affect	VERB
cjfa-3263	47	16	the	the	DET
cjfa-3263	47	17	reduction	reduction	NOUN
cjfa-3263	47	18	of	of	ADP
cjfa-3263	47	19	costs	cost	NOUN
cjfa-3263	47	20	mainly	mainly	ADV
cjfa-3263	47	21	through	through	ADP
cjfa-3263	47	22	a	a	DET
cjfa-3263	47	23	more	more	ADV
cjfa-3263	47	24	rational	rational	ADJ
cjfa-3263	47	25	use	use	NOUN
cjfa-3263	47	26	of	of	ADP
cjfa-3263	47	27	raw	raw	ADJ
cjfa-3263	47	28	materials	material	NOUN
cjfa-3263	47	29	,	,	PUNCT
cjfa-3263	47	30	reducing	reduce	VERB
cjfa-3263	47	31	energy	energy	NOUN
cjfa-3263	47	32	consumption	consumption	NOUN
cjfa-3263	47	33	,	,	PUNCT
cjfa-3263	47	34	using	use	VERB
cjfa-3263	47	35	for	for	ADP
cjfa-3263	47	36	production	production	NOUN
cjfa-3263	47	37	purposes	purpose	NOUN
cjfa-3263	47	38	recycled	recycle	VERB
cjfa-3263	47	39	materials	material	NOUN
cjfa-3263	47	40	or	or	CCONJ
cjfa-3263	47	41	materials	material	NOUN
cjfa-3263	47	42	utilized	utilize	VERB
cjfa-3263	47	43	in	in	ADP
cjfa-3263	47	44	a	a	DET
cjfa-3263	47	45	non	non	ADJ
cjfa-3263	47	46	-	-	ADJ
cjfa-3263	47	47	toxic	toxic	ADJ
cjfa-3263	47	48	and	and	CCONJ
cjfa-3263	47	49	ener	en	ADJ
cjfa-3263	47	50	real	real	ADJ
cjfa-3263	47	51	options	option	NOUN
cjfa-3263	47	52	in	in	ADP
cjfa-3263	47	53	the	the	DET
cjfa-3263	47	54	assessment	assessment	NOUN
cjfa-3263	47	55	of	of	ADP
cjfa-3263	47	56	the	the	DET
cjfa-3263	47	57	company	company	NOUN
cjfa-3263	47	58	’s	’s	PART
cjfa-3263	47	59	…	…	NUM
cjfa-3263	47	60	65	65	NUM
cjfa-3263	47	61	gy	gy	NOUN
cjfa-3263	47	62	saving	saving	NOUN
cjfa-3263	47	63	way	way	NOUN
cjfa-3263	47	64	,	,	PUNCT
cjfa-3263	47	65	reducing	reduce	VERB
cjfa-3263	47	66	the	the	DET
cjfa-3263	47	67	amount	amount	NOUN
cjfa-3263	47	68	of	of	ADP
cjfa-3263	47	69	water	water	NOUN
cjfa-3263	47	70	used	use	VERB
cjfa-3263	47	71	in	in	ADP
cjfa-3263	47	72	the	the	DET
cjfa-3263	47	73	production	production	NOUN
cjfa-3263	47	74	process	process	NOUN
cjfa-3263	47	75	,	,	PUNCT
cjfa-3263	47	76	reducing	reduce	VERB
cjfa-3263	47	77	carbon	carbon	NOUN
cjfa-3263	47	78	dioxide	dioxide	NOUN
cjfa-3263	47	79	emissions	emission	NOUN
cjfa-3263	47	80	and	and	CCONJ
cjfa-3263	47	81	solid	solid	ADJ
cjfa-3263	47	82	waste	waste	NOUN
cjfa-3263	47	83	,	,	PUNCT
cjfa-3263	47	84	applying	apply	VERB
cjfa-3263	47	85	reusable	reusable	ADJ
cjfa-3263	47	86	transport	transport	NOUN
cjfa-3263	47	87	packaging	packaging	NOUN
cjfa-3263	47	88	,	,	PUNCT
cjfa-3263	47	89	and	and	CCONJ
cjfa-3263	47	90	through	through	ADP
cjfa-3263	47	91	collecting	collect	VERB
cjfa-3263	47	92	used	use	VERB
cjfa-3263	47	93	packaging	packaging	NOUN
cjfa-3263	47	94	.	.	PUNCT
cjfa-3263	48	1	including	include	VERB
cjfa-3263	48	2	the	the	DET
cjfa-3263	48	3	ecological	ecological	ADJ
cjfa-3263	48	4	modernization	modernization	NOUN
cjfa-3263	48	5	of	of	ADP
cjfa-3263	48	6	production	production	NOUN
cjfa-3263	48	7	technology	technology	NOUN
cjfa-3263	48	8	in	in	ADP
cjfa-3263	48	9	economic	economic	ADJ
cjfa-3263	48	10	processes	process	NOUN
cjfa-3263	48	11	requires	require	VERB
cjfa-3263	48	12	a	a	DET
cjfa-3263	48	13	strategic	strategic	ADJ
cjfa-3263	48	14	investment	investment	NOUN
cjfa-3263	48	15	decisions	decision	NOUN
cjfa-3263	48	16	.	.	PUNCT
cjfa-3263	49	1	in	in	ADP
cjfa-3263	49	2	the	the	DET
cjfa-3263	49	3	case	case	NOUN
cjfa-3263	49	4	of	of	ADP
cjfa-3263	49	5	environmental	environmental	ADJ
cjfa-3263	49	6	projects	project	NOUN
cjfa-3263	49	7	,	,	PUNCT
cjfa-3263	49	8	applying	apply	VERB
cjfa-3263	49	9	an	an	DET
cjfa-3263	49	10	analysis	analysis	NOUN
cjfa-3263	49	11	of	of	ADP
cjfa-3263	49	12	real	real	ADJ
cjfa-3263	49	13	options	option	NOUN
cjfa-3263	49	14	,	,	PUNCT
cjfa-3263	49	15	which	which	PRON
cjfa-3263	49	16	are	be	AUX
cjfa-3263	49	17	characterized	characterize	VERB
cjfa-3263	49	18	by	by	ADP
cjfa-3263	49	19	their	their	PRON
cjfa-3263	49	20	flexibility	flexibility	NOUN
cjfa-3263	49	21	,	,	PUNCT
cjfa-3263	49	22	can	can	AUX
cjfa-3263	49	23	be	be	AUX
cjfa-3263	49	24	an	an	DET
cjfa-3263	49	25	alternative	alternative	NOUN
cjfa-3263	49	26	or	or	CCONJ
cjfa-3263	49	27	complement	complement	VERB
cjfa-3263	49	28	to	to	ADP
cjfa-3263	49	29	traditional	traditional	ADJ
cjfa-3263	49	30	methods	method	NOUN
cjfa-3263	49	31	of	of	ADP
cjfa-3263	49	32	evaluation	evaluation	NOUN
cjfa-3263	49	33	of	of	ADP
cjfa-3263	49	34	investment	investment	NOUN
cjfa-3263	49	35	projects	project	NOUN
cjfa-3263	49	36	.	.	PUNCT
cjfa-3263	50	1	properties	property	NOUN
cjfa-3263	50	2	of	of	ADP
cjfa-3263	50	3	the	the	DET
cjfa-3263	50	4	real	real	ADJ
cjfa-3263	50	5	options	option	NOUN
cjfa-3263	50	6	a	a	DET
cjfa-3263	50	7	real	real	ADJ
cjfa-3263	50	8	option	option	NOUN
cjfa-3263	50	9	is	be	AUX
cjfa-3263	50	10	the	the	DET
cjfa-3263	50	11	right	right	NOUN
cjfa-3263	50	12	(	(	PUNCT
cjfa-3263	50	13	but	but	CCONJ
cjfa-3263	50	14	not	not	PART
cjfa-3263	50	15	the	the	DET
cjfa-3263	50	16	obligation	obligation	NOUN
cjfa-3263	50	17	)	)	PUNCT
cjfa-3263	50	18	to	to	PART
cjfa-3263	50	19	perform	perform	VERB
cjfa-3263	50	20	certain	certain	ADJ
cjfa-3263	50	21	actions	action	NOUN
cjfa-3263	50	22	with	with	ADP
cjfa-3263	50	23	regard	regard	NOUN
cjfa-3263	50	24	to	to	ADP
cjfa-3263	50	25	the	the	DET
cjfa-3263	50	26	investment	investment	NOUN
cjfa-3263	50	27	project	project	NOUN
cjfa-3263	50	28	in	in	ADP
cjfa-3263	50	29	the	the	DET
cjfa-3263	50	30	case	case	NOUN
cjfa-3263	50	31	when	when	SCONJ
cjfa-3263	50	32	new	new	ADJ
cjfa-3263	50	33	information	information	NOUN
cjfa-3263	50	34	(	(	PUNCT
cjfa-3263	50	35	conditions	condition	NOUN
cjfa-3263	50	36	)	)	PUNCT
cjfa-3263	50	37	appears	appear	VERB
cjfa-3263	50	38	(	(	PUNCT
cjfa-3263	50	39	amram	amram	NOUN
cjfa-3263	50	40	,	,	PUNCT
cjfa-3263	50	41	kulatilaka	kulatilaka	NOUN
cjfa-3263	50	42	1999	1999	NUM
cjfa-3263	50	43	;	;	PUNCT
cjfa-3263	50	44	jajuga	jajuga	PROPN
cjfa-3263	50	45	2000	2000	NUM
cjfa-3263	50	46	;	;	PUNCT
cjfa-3263	50	47	ziarkowski	ziarkowski	PROPN
cjfa-3263	50	48	2004	2004	NUM
cjfa-3263	50	49	;	;	PUNCT
cjfa-3263	50	50	copeland	copeland	PROPN
cjfa-3263	50	51	,	,	PUNCT
cjfa-3263	50	52	anticarov	anticarov	NOUN
cjfa-3263	50	53	2001	2001	NUM
cjfa-3263	50	54	)	)	PUNCT
cjfa-3263	50	55	.	.	PUNCT
cjfa-3263	51	1	real	real	ADJ
cjfa-3263	51	2	options	option	NOUN
cjfa-3263	51	3	are	be	AUX
cjfa-3263	51	4	characterized	characterize	VERB
cjfa-3263	51	5	by	by	ADP
cjfa-3263	51	6	flexibility	flexibility	NOUN
cjfa-3263	51	7	which	which	PRON
cjfa-3263	51	8	means	mean	VERB
cjfa-3263	51	9	that	that	SCONJ
cjfa-3263	51	10	in	in	ADP
cjfa-3263	51	11	the	the	DET
cjfa-3263	51	12	event	event	NOUN
cjfa-3263	51	13	of	of	ADP
cjfa-3263	51	14	favourable	favourable	ADJ
cjfa-3263	51	15	market	market	NOUN
cjfa-3263	51	16	conditions	condition	NOUN
cjfa-3263	51	17	the	the	DET
cjfa-3263	51	18	company	company	NOUN
cjfa-3263	51	19	takes	take	VERB
cjfa-3263	51	20	specified	specified	ADJ
cjfa-3263	51	21	actions	action	NOUN
cjfa-3263	51	22	,	,	PUNCT
cjfa-3263	51	23	and	and	CCONJ
cjfa-3263	51	24	,	,	PUNCT
cjfa-3263	51	25	if	if	SCONJ
cjfa-3263	51	26	there	there	PRON
cjfa-3263	51	27	is	be	VERB
cjfa-3263	51	28	an	an	DET
cjfa-3263	51	29	unfavourable	unfavourable	ADJ
cjfa-3263	51	30	situation	situation	NOUN
cjfa-3263	51	31	for	for	ADP
cjfa-3263	51	32	the	the	DET
cjfa-3263	51	33	company	company	NOUN
cjfa-3263	51	34	,	,	PUNCT
cjfa-3263	51	35	then	then	ADV
cjfa-3263	51	36	the	the	DET
cjfa-3263	51	37	company	company	NOUN
cjfa-3263	51	38	may	may	AUX
cjfa-3263	51	39	resign	resign	VERB
cjfa-3263	51	40	from	from	ADP
cjfa-3263	51	41	undertaking	undertake	VERB
cjfa-3263	51	42	those	those	DET
cjfa-3263	51	43	actions	action	NOUN
cjfa-3263	51	44	.	.	PUNCT
cjfa-3263	52	1	real	real	ADJ
cjfa-3263	52	2	options	option	NOUN
cjfa-3263	52	3	have	have	VERB
cjfa-3263	52	4	the	the	DET
cjfa-3263	52	5	following	follow	VERB
cjfa-3263	52	6	properties	property	NOUN
cjfa-3263	52	7	:	:	PUNCT
cjfa-3263	52	8	■	■	PUNCT
cjfa-3263	52	9	the	the	DET
cjfa-3263	52	10	option	option	NOUN
cjfa-3263	52	11	is	be	AUX
cjfa-3263	52	12	exercised	exercise	VERB
cjfa-3263	52	13	when	when	SCONJ
cjfa-3263	52	14	it	it	PRON
cjfa-3263	52	15	is	be	AUX
cjfa-3263	52	16	favourable	favourable	ADJ
cjfa-3263	52	17	to	to	ADP
cjfa-3263	52	18	the	the	DET
cjfa-3263	52	19	buyer	buyer	NOUN
cjfa-3263	52	20	,	,	PUNCT
cjfa-3263	52	21	■	■	PUNCT
cjfa-3263	52	22	increase	increase	NOUN
cjfa-3263	52	23	of	of	ADP
cjfa-3263	52	24	the	the	DET
cjfa-3263	52	25	risk	risk	NOUN
cjfa-3263	52	26	associated	associate	VERB
cjfa-3263	52	27	with	with	ADP
cjfa-3263	52	28	the	the	DET
cjfa-3263	52	29	project	project	NOUN
cjfa-3263	52	30	adds	add	VERB
cjfa-3263	52	31	value	value	NOUN
cjfa-3263	52	32	to	to	ADP
cjfa-3263	52	33	the	the	DET
cjfa-3263	52	34	option	option	NOUN
cjfa-3263	52	35	,	,	PUNCT
cjfa-3263	52	36	■	■	PUNCT
cjfa-3263	52	37	the	the	DET
cjfa-3263	52	38	payoff	payoff	NOUN
cjfa-3263	52	39	function	function	NOUN
cjfa-3263	52	40	is	be	AUX
cjfa-3263	52	41	characterized	characterize	VERB
cjfa-3263	52	42	by	by	ADP
cjfa-3263	52	43	asymmetry	asymmetry	NOUN
cjfa-3263	52	44	,	,	PUNCT
cjfa-3263	52	45	■	■	PUNCT
cjfa-3263	52	46	there	there	PRON
cjfa-3263	52	47	is	be	VERB
cjfa-3263	52	48	a	a	DET
cjfa-3263	52	49	choice	choice	NOUN
cjfa-3263	52	50	of	of	ADP
cjfa-3263	52	51	alternatives	alternative	NOUN
cjfa-3263	52	52	,	,	PUNCT
cjfa-3263	52	53	■	■	PUNCT
cjfa-3263	52	54	the	the	DET
cjfa-3263	52	55	possible	possible	ADJ
cjfa-3263	52	56	reaction	reaction	NOUN
cjfa-3263	52	57	of	of	ADP
cjfa-3263	52	58	the	the	DET
cjfa-3263	52	59	decision	decision	NOUN
cjfa-3263	52	60	-	-	PUNCT
cjfa-3263	52	61	maker	maker	NOUN
cjfa-3263	52	62	is	be	AUX
cjfa-3263	52	63	activated	activate	VERB
cjfa-3263	52	64	when	when	SCONJ
cjfa-3263	52	65	the	the	DET
cjfa-3263	52	66	parameters	parameter	NOUN
cjfa-3263	52	67	used	use	VERB
cjfa-3263	52	68	in	in	ADP
cjfa-3263	52	69	the	the	DET
cjfa-3263	52	70	measurement	measurement	NOUN
cjfa-3263	52	71	change	change	NOUN
cjfa-3263	52	72	.	.	PUNCT
cjfa-3263	53	1	the	the	DET
cjfa-3263	53	2	concept	concept	NOUN
cjfa-3263	53	3	of	of	ADP
cjfa-3263	53	4	real	real	ADJ
cjfa-3263	53	5	options	option	NOUN
cjfa-3263	53	6	is	be	AUX
cjfa-3263	53	7	worth	worth	ADJ
cjfa-3263	53	8	implementing	implement	VERB
cjfa-3263	53	9	in	in	ADP
cjfa-3263	53	10	the	the	DET
cjfa-3263	53	11	evaluation	evaluation	NOUN
cjfa-3263	53	12	of	of	ADP
cjfa-3263	53	13	investment	investment	NOUN
cjfa-3263	53	14	projects	project	NOUN
cjfa-3263	53	15	,	,	PUNCT
cjfa-3263	53	16	which	which	PRON
cjfa-3263	53	17	are	be	AUX
cjfa-3263	53	18	related	relate	VERB
cjfa-3263	53	19	to	to	ADP
cjfa-3263	53	20	the	the	DET
cjfa-3263	53	21	concerns	concern	NOUN
cjfa-3263	53	22	about	about	ADP
cjfa-3263	53	23	the	the	DET
cjfa-3263	53	24	launch	launch	NOUN
cjfa-3263	53	25	date	date	NOUN
cjfa-3263	53	26	of	of	ADP
cjfa-3263	53	27	the	the	DET
cjfa-3263	53	28	investment	investment	NOUN
cjfa-3263	53	29	,	,	PUNCT
cjfa-3263	53	30	extending	extend	VERB
cjfa-3263	53	31	the	the	DET
cjfa-3263	53	32	scale	scale	NOUN
cjfa-3263	53	33	of	of	ADP
cjfa-3263	53	34	the	the	DET
cjfa-3263	53	35	project	project	NOUN
cjfa-3263	53	36	(	(	PUNCT
cjfa-3263	53	37	e.g.	e.g.	ADV
cjfa-3263	53	38	,	,	PUNCT
cjfa-3263	53	39	the	the	DET
cjfa-3263	53	40	expansion	expansion	NOUN
cjfa-3263	53	41	of	of	ADP
cjfa-3263	53	42	the	the	DET
cjfa-3263	53	43	company	company	NOUN
cjfa-3263	53	44	into	into	ADP
cjfa-3263	53	45	new	new	ADJ
cjfa-3263	53	46	markets	market	NOUN
cjfa-3263	53	47	,	,	PUNCT
cjfa-3263	53	48	the	the	DET
cjfa-3263	53	49	development	development	NOUN
cjfa-3263	53	50	of	of	ADP
cjfa-3263	53	51	production	production	NOUN
cjfa-3263	53	52	lines	line	NOUN
cjfa-3263	53	53	in	in	ADP
cjfa-3263	53	54	traditional	traditional	ADJ
cjfa-3263	53	55	industries	industry	NOUN
cjfa-3263	53	56	by	by	ADP
cjfa-3263	53	57	offering	offer	VERB
cjfa-3263	53	58	additional	additional	ADJ
cjfa-3263	53	59	products	product	NOUN
cjfa-3263	53	60	)	)	PUNCT
cjfa-3263	53	61	,	,	PUNCT
cjfa-3263	53	62	deferring	defer	VERB
cjfa-3263	53	63	investments	investment	NOUN
cjfa-3263	53	64	till	till	SCONJ
cjfa-3263	53	65	the	the	DET
cjfa-3263	53	66	moment	moment	NOUN
cjfa-3263	53	67	of	of	ADP
cjfa-3263	53	68	the	the	DET
cjfa-3263	53	69	occurrence	occurrence	NOUN
cjfa-3263	53	70	of	of	ADP
cjfa-3263	53	71	more	more	ADV
cjfa-3263	53	72	favourable	favourable	ADJ
cjfa-3263	53	73	market	market	NOUN
cjfa-3263	53	74	conditions	condition	NOUN
cjfa-3263	53	75	,	,	PUNCT
cjfa-3263	53	76	cancelling	cancel	VERB
cjfa-3263	53	77	the	the	DET
cjfa-3263	53	78	project	project	NOUN
cjfa-3263	53	79	,	,	PUNCT
cjfa-3263	53	80	introducing	introduce	VERB
cjfa-3263	53	81	new	new	ADJ
cjfa-3263	53	82	technology	technology	NOUN
cjfa-3263	53	83	,	,	PUNCT
cjfa-3263	53	84	acquiring	acquire	VERB
cjfa-3263	53	85	new	new	ADJ
cjfa-3263	53	86	strategic	strategic	ADJ
cjfa-3263	53	87	competencies	competency	NOUN
cjfa-3263	53	88	,	,	PUNCT
cjfa-3263	53	89	developing	develop	VERB
cjfa-3263	53	90	or	or	CCONJ
cjfa-3263	53	91	limiting	limit	VERB
cjfa-3263	53	92	infrastructure	infrastructure	NOUN
cjfa-3263	53	93	.	.	PUNCT
cjfa-3263	54	1	the	the	DET
cjfa-3263	54	2	concept	concept	NOUN
cjfa-3263	54	3	of	of	ADP
cjfa-3263	54	4	real	real	ADJ
cjfa-3263	54	5	options	option	NOUN
cjfa-3263	54	6	pricing	pricing	NOUN
cjfa-3263	54	7	allows	allow	VERB
cjfa-3263	54	8	quantification	quantification	NOUN
cjfa-3263	54	9	of	of	ADP
cjfa-3263	54	10	the	the	DET
cjfa-3263	54	11	flexibility	flexibility	NOUN
cjfa-3263	54	12	inherent	inherent	ADJ
cjfa-3263	54	13	in	in	ADP
cjfa-3263	54	14	the	the	DET
cjfa-3263	54	15	investment	investment	NOUN
cjfa-3263	54	16	project	project	NOUN
cjfa-3263	54	17	.	.	PUNCT
cjfa-3263	55	1	the	the	DET
cjfa-3263	55	2	value	value	NOUN
cjfa-3263	55	3	of	of	ADP
cjfa-3263	55	4	real	real	ADJ
cjfa-3263	55	5	options	option	NOUN
cjfa-3263	55	6	is	be	AUX
cjfa-3263	55	7	dependent	dependent	ADJ
cjfa-3263	55	8	on	on	ADP
cjfa-3263	55	9	the	the	DET
cjfa-3263	55	10	following	follow	VERB
cjfa-3263	55	11	factors	factor	NOUN
cjfa-3263	55	12	:	:	PUNCT
cjfa-3263	55	13	the	the	DET
cjfa-3263	55	14	current	current	ADJ
cjfa-3263	55	15	value	value	NOUN
cjfa-3263	55	16	of	of	ADP
cjfa-3263	55	17	the	the	DET
cjfa-3263	55	18	benefits	benefit	NOUN
cjfa-3263	55	19	of	of	ADP
cjfa-3263	55	20	the	the	DET
cjfa-3263	55	21	investment	investment	NOUN
cjfa-3263	55	22	project	project	NOUN
cjfa-3263	55	23	,	,	PUNCT
cjfa-3263	55	24	investment	investment	NOUN
cjfa-3263	55	25	layouts	layout	NOUN
cjfa-3263	55	26	,	,	PUNCT
cjfa-3263	55	27	the	the	DET
cjfa-3263	55	28	expiry	expiry	NOUN
cjfa-3263	55	29	ewa	ewa	PROPN
cjfa-3263	55	30	dziawgo66	dziawgo66	PROPN
cjfa-3263	55	31	time	time	NOUN
cjfa-3263	55	32	of	of	ADP
cjfa-3263	55	33	the	the	DET
cjfa-3263	55	34	investment	investment	NOUN
cjfa-3263	55	35	project	project	NOUN
cjfa-3263	55	36	,	,	PUNCT
cjfa-3263	55	37	the	the	DET
cjfa-3263	55	38	discount	discount	NOUN
cjfa-3263	55	39	rate	rate	NOUN
cjfa-3263	55	40	being	be	AUX
cjfa-3263	55	41	the	the	DET
cjfa-3263	55	42	risk	risk	NOUN
cjfa-3263	55	43	-	-	PUNCT
cjfa-3263	55	44	free	free	ADJ
cjfa-3263	55	45	rate	rate	NOUN
cjfa-3263	55	46	,	,	PUNCT
cjfa-3263	55	47	volatility	volatility	NOUN
cjfa-3263	55	48	of	of	ADP
cjfa-3263	55	49	cash	cash	NOUN
cjfa-3263	55	50	flows	flow	NOUN
cjfa-3263	55	51	,	,	PUNCT
cjfa-3263	55	52	the	the	DET
cjfa-3263	55	53	cash	cash	NOUN
cjfa-3263	55	54	flows	flow	VERB
cjfa-3263	55	55	lost	lose	VERB
cjfa-3263	55	56	.	.	PUNCT
cjfa-3263	56	1	real	real	ADJ
cjfa-3263	56	2	options	option	NOUN
cjfa-3263	56	3	due	due	ADP
cjfa-3263	56	4	to	to	ADP
cjfa-3263	56	5	their	their	PRON
cjfa-3263	56	6	standard	standard	ADJ
cjfa-3263	56	7	nature	nature	NOUN
cjfa-3263	56	8	can	can	AUX
cjfa-3263	56	9	be	be	AUX
cjfa-3263	56	10	divided	divide	VERB
cjfa-3263	56	11	into	into	ADP
cjfa-3263	56	12	:	:	PUNCT
cjfa-3263	56	13	■	■	VERB
cjfa-3263	56	14	call	call	NOUN
cjfa-3263	56	15	options	option	NOUN
cjfa-3263	56	16	(	(	PUNCT
cjfa-3263	56	17	the	the	DET
cjfa-3263	56	18	right	right	NOUN
cjfa-3263	56	19	to	to	PART
cjfa-3263	56	20	buy	buy	VERB
cjfa-3263	56	21	certain	certain	ADJ
cjfa-3263	56	22	assets	asset	NOUN
cjfa-3263	56	23	)	)	PUNCT
cjfa-3263	56	24	and	and	CCONJ
cjfa-3263	56	25	put	put	VERB
cjfa-3263	56	26	options	option	NOUN
cjfa-3263	56	27	(	(	PUNCT
cjfa-3263	56	28	the	the	DET
cjfa-3263	56	29	right	right	NOUN
cjfa-3263	56	30	to	to	PART
cjfa-3263	56	31	sell	sell	VERB
cjfa-3263	56	32	certain	certain	ADJ
cjfa-3263	56	33	assets	asset	NOUN
cjfa-3263	56	34	)	)	PUNCT
cjfa-3263	56	35	,	,	PUNCT
cjfa-3263	56	36	■	■	PUNCT
cjfa-3263	56	37	european	european	ADJ
cjfa-3263	56	38	options	option	NOUN
cjfa-3263	56	39	(	(	PUNCT
cjfa-3263	56	40	which	which	PRON
cjfa-3263	56	41	can	can	AUX
cjfa-3263	56	42	be	be	AUX
cjfa-3263	56	43	exercised	exercise	VERB
cjfa-3263	56	44	only	only	ADV
cjfa-3263	56	45	on	on	ADP
cjfa-3263	56	46	their	their	PRON
cjfa-3263	56	47	maturity	maturity	NOUN
cjfa-3263	56	48	date	date	NOUN
cjfa-3263	56	49	)	)	PUNCT
cjfa-3263	56	50	and	and	CCONJ
cjfa-3263	56	51	(	(	PUNCT
cjfa-3263	56	52	american	american	ADJ
cjfa-3263	56	53	options	option	NOUN
cjfa-3263	56	54	)	)	PUNCT
cjfa-3263	56	55	(	(	PUNCT
cjfa-3263	56	56	which	which	PRON
cjfa-3263	56	57	can	can	AUX
cjfa-3263	56	58	be	be	AUX
cjfa-3263	56	59	exercised	exercise	VERB
cjfa-3263	56	60	at	at	ADP
cjfa-3263	56	61	any	any	DET
cjfa-3263	56	62	time	time	NOUN
cjfa-3263	56	63	during	during	ADP
cjfa-3263	56	64	the	the	DET
cjfa-3263	56	65	period	period	NOUN
cjfa-3263	56	66	of	of	ADP
cjfa-3263	56	67	their	their	PRON
cjfa-3263	56	68	validity	validity	NOUN
cjfa-3263	56	69	)	)	PUNCT
cjfa-3263	56	70	.	.	PUNCT
cjfa-3263	57	1	taking	take	VERB
cjfa-3263	57	2	into	into	ADP
cjfa-3263	57	3	account	account	NOUN
cjfa-3263	57	4	undertaking	undertake	VERB
cjfa-3263	57	5	additional	additional	ADJ
cjfa-3263	57	6	activity	activity	NOUN
cjfa-3263	57	7	and	and	CCONJ
cjfa-3263	57	8	outlays	outlay	NOUN
cjfa-3263	57	9	within	within	ADP
cjfa-3263	57	10	real	real	ADJ
cjfa-3263	57	11	options	option	NOUN
cjfa-3263	57	12	the	the	DET
cjfa-3263	57	13	following	follow	VERB
cjfa-3263	57	14	can	can	AUX
cjfa-3263	57	15	be	be	AUX
cjfa-3263	57	16	distinguished	distinguish	VERB
cjfa-3263	57	17	:	:	PUNCT
cjfa-3263	57	18	■	■	PUNCT
cjfa-3263	57	19	internal	internal	ADJ
cjfa-3263	57	20	options	option	NOUN
cjfa-3263	57	21	that	that	PRON
cjfa-3263	57	22	arise	arise	VERB
cjfa-3263	57	23	from	from	ADP
cjfa-3263	57	24	the	the	DET
cjfa-3263	57	25	nature	nature	NOUN
cjfa-3263	57	26	of	of	ADP
cjfa-3263	57	27	the	the	DET
cjfa-3263	57	28	project	project	NOUN
cjfa-3263	57	29	and	and	CCONJ
cjfa-3263	57	30	do	do	AUX
cjfa-3263	57	31	not	not	PART
cjfa-3263	57	32	require	require	VERB
cjfa-3263	57	33	additional	additional	ADJ
cjfa-3263	57	34	activity	activity	NOUN
cjfa-3263	57	35	and	and	CCONJ
cjfa-3263	57	36	outlays	outlay	NOUN
cjfa-3263	57	37	,	,	PUNCT
cjfa-3263	57	38	■	■	PUNCT
cjfa-3263	57	39	created	create	VERB
cjfa-3263	57	40	options	option	NOUN
cjfa-3263	57	41	,	,	PUNCT
cjfa-3263	57	42	where	where	SCONJ
cjfa-3263	57	43	additional	additional	ADJ
cjfa-3263	57	44	outlays	outlay	NOUN
cjfa-3263	57	45	are	be	AUX
cjfa-3263	57	46	required	require	VERB
cjfa-3263	57	47	.	.	PUNCT
cjfa-3263	58	1	created	create	VERB
cjfa-3263	58	2	options	option	NOUN
cjfa-3263	58	3	improve	improve	VERB
cjfa-3263	58	4	the	the	DET
cjfa-3263	58	5	company	company	NOUN
cjfa-3263	58	6	’s	’s	PART
cjfa-3263	58	7	flexibility	flexibility	NOUN
cjfa-3263	58	8	and	and	CCONJ
cjfa-3263	58	9	its	its	PRON
cjfa-3263	58	10	ability	ability	NOUN
cjfa-3263	58	11	to	to	PART
cjfa-3263	58	12	adapt	adapt	VERB
cjfa-3263	58	13	to	to	ADP
cjfa-3263	58	14	changing	change	VERB
cjfa-3263	58	15	market	market	NOUN
cjfa-3263	58	16	conditions	condition	NOUN
cjfa-3263	58	17	.	.	PUNCT
cjfa-3263	59	1	real	real	ADJ
cjfa-3263	59	2	options	option	NOUN
cjfa-3263	59	3	in	in	ADP
cjfa-3263	59	4	the	the	DET
cjfa-3263	59	5	company	company	NOUN
cjfa-3263	59	6	’s	’s	PART
cjfa-3263	59	7	pro	pro	ADJ
cjfa-3263	59	8	-	-	ADJ
cjfa-3263	59	9	ecological	ecological	ADJ
cjfa-3263	59	10	activity	activity	NOUN
cjfa-3263	59	11	considering	consider	VERB
cjfa-3263	59	12	the	the	DET
cjfa-3263	59	13	specificity	specificity	NOUN
cjfa-3263	59	14	of	of	ADP
cjfa-3263	59	15	real	real	ADJ
cjfa-3263	59	16	options	option	NOUN
cjfa-3263	59	17	,	,	PUNCT
cjfa-3263	59	18	we	we	PRON
cjfa-3263	59	19	can	can	AUX
cjfa-3263	59	20	introduce	introduce	VERB
cjfa-3263	59	21	the	the	DET
cjfa-3263	59	22	following	follow	VERB
cjfa-3263	59	23	classification	classification	NOUN
cjfa-3263	59	24	of	of	ADP
cjfa-3263	59	25	this	this	DET
cjfa-3263	59	26	type	type	NOUN
cjfa-3263	59	27	of	of	ADP
cjfa-3263	59	28	options	option	NOUN
cjfa-3263	59	29	(	(	PUNCT
cjfa-3263	59	30	amram	amram	NOUN
cjfa-3263	59	31	,	,	PUNCT
cjfa-3263	59	32	kulatilaka	kulatilaka	NOUN
cjfa-3263	59	33	1999	1999	NUM
cjfa-3263	59	34	;	;	PUNCT
cjfa-3263	59	35	brach	brach	PROPN
cjfa-3263	59	36	2002	2002	NUM
cjfa-3263	59	37	;	;	PUNCT
cjfa-3263	59	38	dziawgo	dziawgo	ADJ
cjfa-3263	59	39	2009	2009	NUM
cjfa-3263	59	40	):	):	PUNCT
cjfa-3263	59	41	■	■	PUNCT
cjfa-3263	59	42	options	option	NOUN
cjfa-3263	59	43	for	for	ADP
cjfa-3263	59	44	a	a	DET
cjfa-3263	59	45	phased	phase	VERB
cjfa-3263	59	46	implementation	implementation	NOUN
cjfa-3263	59	47	of	of	ADP
cjfa-3263	59	48	the	the	DET
cjfa-3263	59	49	project	project	NOUN
cjfa-3263	59	50	,	,	PUNCT
cjfa-3263	59	51	■	■	PUNCT
cjfa-3263	59	52	diagnosis	diagnosis	NOUN
cjfa-3263	59	53	options	option	NOUN
cjfa-3263	59	54	,	,	PUNCT
cjfa-3263	59	55	■	■	PUNCT
cjfa-3263	59	56	growth	growth	NOUN
cjfa-3263	59	57	options	option	NOUN
cjfa-3263	59	58	,	,	PUNCT
cjfa-3263	59	59	■	■	PUNCT
cjfa-3263	59	60	options	option	NOUN
cjfa-3263	59	61	for	for	ADP
cjfa-3263	59	62	the	the	DET
cjfa-3263	59	63	flexibility	flexibility	NOUN
cjfa-3263	59	64	of	of	ADP
cjfa-3263	59	65	production	production	NOUN
cjfa-3263	59	66	means	mean	NOUN
cjfa-3263	59	67	,	,	PUNCT
cjfa-3263	59	68	■	■	PUNCT
cjfa-3263	59	69	options	option	NOUN
cjfa-3263	59	70	to	to	PART
cjfa-3263	59	71	expand	expand	VERB
cjfa-3263	59	72	,	,	PUNCT
cjfa-3263	59	73	options	option	NOUN
cjfa-3263	59	74	to	to	PART
cjfa-3263	59	75	delay	delay	VERB
cjfa-3263	59	76	,	,	PUNCT
cjfa-3263	59	77	■	■	PUNCT
cjfa-3263	59	78	exit	exit	NOUN
cjfa-3263	59	79	options	option	NOUN
cjfa-3263	59	80	.	.	PUNCT
cjfa-3263	60	1	options	option	NOUN
cjfa-3263	60	2	for	for	ADP
cjfa-3263	60	3	a	a	DET
cjfa-3263	60	4	phased	phase	VERB
cjfa-3263	60	5	implementation	implementation	NOUN
cjfa-3263	60	6	of	of	ADP
cjfa-3263	60	7	the	the	DET
cjfa-3263	60	8	project	project	NOUN
cjfa-3263	60	9	are	be	AUX
cjfa-3263	60	10	characterized	characterize	VERB
cjfa-3263	60	11	by	by	ADP
cjfa-3263	60	12	being	be	AUX
cjfa-3263	60	13	linked	link	VERB
cjfa-3263	60	14	to	to	ADP
cjfa-3263	60	15	a	a	DET
cjfa-3263	60	16	multi	multi	ADJ
cjfa-3263	60	17	-	-	ADJ
cjfa-3263	60	18	stage	stage	ADJ
cjfa-3263	60	19	investment	investment	NOUN
cjfa-3263	60	20	,	,	PUNCT
cjfa-3263	60	21	wherein	wherein	SCONJ
cjfa-3263	60	22	each	each	DET
cjfa-3263	60	23	stage	stage	NOUN
cjfa-3263	60	24	is	be	AUX
cjfa-3263	60	25	dependent	dependent	ADJ
cjfa-3263	60	26	on	on	ADP
cjfa-3263	60	27	the	the	DET
cjfa-3263	60	28	previous	previous	ADJ
cjfa-3263	60	29	step	step	NOUN
cjfa-3263	60	30	.	.	PUNCT
cjfa-3263	61	1	this	this	DET
cjfa-3263	61	2	type	type	NOUN
cjfa-3263	61	3	of	of	ADP
cjfa-3263	61	4	option	option	NOUN
cjfa-3263	61	5	allows	allow	VERB
cjfa-3263	61	6	one	one	NUM
cjfa-3263	61	7	to	to	PART
cjfa-3263	61	8	avoid	avoid	VERB
cjfa-3263	61	9	the	the	DET
cjfa-3263	61	10	need	need	NOUN
cjfa-3263	61	11	of	of	ADP
cjfa-3263	61	12	incurring	incur	VERB
cjfa-3263	61	13	all	all	PRON
cjfa-3263	61	14	of	of	ADP
cjfa-3263	61	15	the	the	DET
cjfa-3263	61	16	expenditures	expenditure	NOUN
cjfa-3263	61	17	of	of	ADP
cjfa-3263	61	18	the	the	DET
cjfa-3263	61	19	project	project	NOUN
cjfa-3263	61	20	.	.	PUNCT
cjfa-3263	62	1	implementation	implementation	NOUN
cjfa-3263	62	2	of	of	ADP
cjfa-3263	62	3	ecological	ecological	ADJ
cjfa-3263	62	4	modernization	modernization	NOUN
cjfa-3263	62	5	and	and	CCONJ
cjfa-3263	62	6	innovation	innovation	NOUN
cjfa-3263	62	7	can	can	AUX
cjfa-3263	62	8	then	then	ADV
cjfa-3263	62	9	be	be	AUX
cjfa-3263	62	10	recognized	recognize	VERB
cjfa-3263	62	11	for	for	ADP
cjfa-3263	62	12	certain	certain	ADJ
cjfa-3263	62	13	stages	stage	NOUN
cjfa-3263	62	14	of	of	ADP
cjfa-3263	62	15	the	the	DET
cjfa-3263	62	16	production	production	NOUN
cjfa-3263	62	17	process	process	NOUN
cjfa-3263	62	18	.	.	PUNCT
cjfa-3263	63	1	diagnosis	diagnosis	NOUN
cjfa-3263	63	2	options	option	NOUN
cjfa-3263	63	3	are	be	AUX
cjfa-3263	63	4	related	relate	VERB
cjfa-3263	63	5	to	to	ADP
cjfa-3263	63	6	the	the	DET
cjfa-3263	63	7	possibility	possibility	NOUN
cjfa-3263	63	8	of	of	ADP
cjfa-3263	63	9	a	a	DET
cjfa-3263	63	10	staged	stage	VERB
cjfa-3263	63	11	implementation	implementation	NOUN
cjfa-3263	63	12	of	of	ADP
cjfa-3263	63	13	the	the	DET
cjfa-3263	63	14	investment	investment	NOUN
cjfa-3263	63	15	.	.	PUNCT
cjfa-3263	64	1	based	base	VERB
cjfa-3263	64	2	on	on	ADP
cjfa-3263	64	3	the	the	DET
cjfa-3263	64	4	data	datum	NOUN
cjfa-3263	64	5	collected	collect	VERB
cjfa-3263	64	6	in	in	ADP
cjfa-3263	64	7	earlier	early	ADJ
cjfa-3263	64	8	phases	phase	NOUN
cjfa-3263	64	9	of	of	ADP
cjfa-3263	64	10	the	the	DET
cjfa-3263	64	11	project	project	NOUN
cjfa-3263	64	12	,	,	PUNCT
cjfa-3263	64	13	decisions	decision	NOUN
cjfa-3263	64	14	are	be	AUX
cjfa-3263	64	15	made	make	VERB
cjfa-3263	64	16	regarding	regard	VERB
cjfa-3263	64	17	further	further	ADJ
cjfa-3263	64	18	action	action	NOUN
cjfa-3263	64	19	.	.	PUNCT
cjfa-3263	65	1	examples	example	NOUN
cjfa-3263	65	2	of	of	ADP
cjfa-3263	65	3	environmental	environmental	ADJ
cjfa-3263	65	4	projects	project	NOUN
cjfa-3263	65	5	considered	consider	VERB
cjfa-3263	65	6	within	within	ADP
cjfa-3263	65	7	diagnosis	diagnosis	NOUN
cjfa-3263	65	8	options	option	NOUN
cjfa-3263	65	9	include	include	VERB
cjfa-3263	65	10	:	:	PUNCT
cjfa-3263	65	11	real	real	ADJ
cjfa-3263	65	12	options	option	NOUN
cjfa-3263	65	13	in	in	ADP
cjfa-3263	65	14	the	the	DET
cjfa-3263	65	15	assessment	assessment	NOUN
cjfa-3263	65	16	of	of	ADP
cjfa-3263	65	17	the	the	DET
cjfa-3263	65	18	company	company	NOUN
cjfa-3263	65	19	’s	’s	PART
cjfa-3263	65	20	…	…	NUM
cjfa-3263	66	1	67	67	NUM
cjfa-3263	66	2	■	■	NOUN
cjfa-3263	66	3	analyses	analysis	NOUN
cjfa-3263	66	4	of	of	ADP
cjfa-3263	66	5	the	the	DET
cjfa-3263	66	6	impact	impact	NOUN
cjfa-3263	66	7	of	of	ADP
cjfa-3263	66	8	the	the	DET
cjfa-3263	66	9	product	product	NOUN
cjfa-3263	66	10	on	on	ADP
cjfa-3263	66	11	the	the	DET
cjfa-3263	66	12	environment	environment	NOUN
cjfa-3263	66	13	,	,	PUNCT
cjfa-3263	66	14	which	which	PRON
cjfa-3263	66	15	take	take	VERB
cjfa-3263	66	16	into	into	ADP
cjfa-3263	66	17	account	account	NOUN
cjfa-3263	66	18	all	all	DET
cjfa-3263	66	19	stages	stage	NOUN
cjfa-3263	66	20	of	of	ADP
cjfa-3263	66	21	the	the	DET
cjfa-3263	66	22	product	product	NOUN
cjfa-3263	66	23	’s	’s	PART
cjfa-3263	66	24	life	life	NOUN
cjfa-3263	66	25	cycle	cycle	NOUN
cjfa-3263	66	26	,	,	PUNCT
cjfa-3263	66	27	■	■	PUNCT
cjfa-3263	66	28	minimizing	minimize	VERB
cjfa-3263	66	29	packaging	packaging	NOUN
cjfa-3263	66	30	and	and	CCONJ
cjfa-3263	66	31	its	its	PRON
cjfa-3263	66	32	toxicity	toxicity	NOUN
cjfa-3263	66	33	for	for	ADP
cjfa-3263	66	34	the	the	DET
cjfa-3263	66	35	environment	environment	NOUN
cjfa-3263	66	36	,	,	PUNCT
cjfa-3263	66	37	■	■	PUNCT
cjfa-3263	66	38	responsible	responsible	ADJ
cjfa-3263	66	39	and	and	CCONJ
cjfa-3263	66	40	safe	safe	ADJ
cjfa-3263	66	41	transportation	transportation	NOUN
cjfa-3263	66	42	and	and	CCONJ
cjfa-3263	66	43	storage	storage	NOUN
cjfa-3263	66	44	of	of	ADP
cjfa-3263	66	45	hazardous	hazardous	ADJ
cjfa-3263	66	46	substances	substance	NOUN
cjfa-3263	66	47	and	and	CCONJ
cjfa-3263	66	48	waste	waste	NOUN
cjfa-3263	66	49	,	,	PUNCT
cjfa-3263	66	50	■	■	PUNCT
cjfa-3263	66	51	reducing	reduce	VERB
cjfa-3263	66	52	or	or	CCONJ
cjfa-3263	66	53	eliminating	eliminate	VERB
cjfa-3263	66	54	the	the	DET
cjfa-3263	66	55	use	use	NOUN
cjfa-3263	66	56	and	and	CCONJ
cjfa-3263	66	57	storage	storage	NOUN
cjfa-3263	66	58	of	of	ADP
cjfa-3263	66	59	hazardous	hazardous	ADJ
cjfa-3263	66	60	substances	substance	NOUN
cjfa-3263	66	61	and	and	CCONJ
cjfa-3263	66	62	waste	waste	NOUN
cjfa-3263	66	63	.	.	PUNCT
cjfa-3263	67	1	growth	growth	NOUN
cjfa-3263	67	2	options	option	NOUN
cjfa-3263	67	3	allow	allow	VERB
cjfa-3263	67	4	the	the	DET
cjfa-3263	67	5	extension	extension	NOUN
cjfa-3263	67	6	of	of	ADP
cjfa-3263	67	7	the	the	DET
cjfa-3263	67	8	company	company	NOUN
cjfa-3263	67	9	's	's	PART
cjfa-3263	67	10	activities	activity	NOUN
cjfa-3263	67	11	on	on	ADP
cjfa-3263	67	12	the	the	DET
cjfa-3263	67	13	market	market	NOUN
cjfa-3263	67	14	.	.	PUNCT
cjfa-3263	68	1	a	a	DET
cjfa-3263	68	2	growth	growth	NOUN
cjfa-3263	68	3	option	option	NOUN
cjfa-3263	68	4	is	be	AUX
cjfa-3263	68	5	an	an	DET
cjfa-3263	68	6	option	option	NOUN
cjfa-3263	68	7	to	to	PART
cjfa-3263	68	8	buy	buy	VERB
cjfa-3263	68	9	and	and	CCONJ
cjfa-3263	68	10	concerns	concern	VERB
cjfa-3263	68	11	investment	investment	NOUN
cjfa-3263	68	12	projects	project	NOUN
cjfa-3263	68	13	whose	whose	DET
cjfa-3263	68	14	initial	initial	ADJ
cjfa-3263	68	15	outlay	outlay	NOUN
cjfa-3263	68	16	far	far	ADV
cjfa-3263	68	17	exceed	exceed	VERB
cjfa-3263	68	18	the	the	DET
cjfa-3263	68	19	benefits	benefit	NOUN
cjfa-3263	68	20	from	from	ADP
cjfa-3263	68	21	the	the	DET
cjfa-3263	68	22	implementation	implementation	NOUN
cjfa-3263	68	23	of	of	ADP
cjfa-3263	68	24	the	the	DET
cjfa-3263	68	25	project	project	NOUN
cjfa-3263	68	26	.	.	PUNCT
cjfa-3263	69	1	the	the	DET
cjfa-3263	69	2	company	company	NOUN
cjfa-3263	69	3	uses	use	VERB
cjfa-3263	69	4	its	its	PRON
cjfa-3263	69	5	resources	resource	NOUN
cjfa-3263	69	6	and	and	CCONJ
cjfa-3263	69	7	makes	make	VERB
cjfa-3263	69	8	investments	investment	NOUN
cjfa-3263	69	9	,	,	PUNCT
cjfa-3263	69	10	which	which	PRON
cjfa-3263	69	11	in	in	ADP
cjfa-3263	69	12	the	the	DET
cjfa-3263	69	13	future	future	NOUN
cjfa-3263	69	14	guarantees	guarantee	VERB
cjfa-3263	69	15	its	its	PRON
cjfa-3263	69	16	expansion	expansion	NOUN
cjfa-3263	69	17	with	with	ADP
cjfa-3263	69	18	new	new	ADJ
cjfa-3263	69	19	products	product	NOUN
cjfa-3263	69	20	and	and	CCONJ
cjfa-3263	69	21	new	new	ADJ
cjfa-3263	69	22	technologies	technology	NOUN
cjfa-3263	69	23	.	.	PUNCT
cjfa-3263	70	1	within	within	ADP
cjfa-3263	70	2	growth	growth	NOUN
cjfa-3263	70	3	options	option	NOUN
cjfa-3263	70	4	we	we	PRON
cjfa-3263	70	5	can	can	AUX
cjfa-3263	70	6	consider	consider	VERB
cjfa-3263	70	7	the	the	DET
cjfa-3263	70	8	following	follow	VERB
cjfa-3263	70	9	environmental	environmental	ADJ
cjfa-3263	70	10	projects	project	NOUN
cjfa-3263	70	11	:	:	PUNCT
cjfa-3263	70	12	■	■	PUNCT
cjfa-3263	70	13	launching	launch	VERB
cjfa-3263	70	14	onto	onto	ADP
cjfa-3263	70	15	the	the	DET
cjfa-3263	70	16	market	market	NOUN
cjfa-3263	70	17	new	new	ADJ
cjfa-3263	70	18	pro	pro	ADJ
cjfa-3263	70	19	-	-	ADJ
cjfa-3263	70	20	ecological	ecological	ADJ
cjfa-3263	70	21	products	product	NOUN
cjfa-3263	70	22	,	,	PUNCT
cjfa-3263	70	23	■	■	PUNCT
cjfa-3263	70	24	implementing	implement	VERB
cjfa-3263	70	25	in	in	ADP
cjfa-3263	70	26	the	the	DET
cjfa-3263	70	27	manufacturing	manufacturing	NOUN
cjfa-3263	70	28	process	process	NOUN
cjfa-3263	70	29	new	new	ADJ
cjfa-3263	70	30	technologies	technology	NOUN
cjfa-3263	70	31	that	that	PRON
cjfa-3263	70	32	use	use	VERB
cjfa-3263	70	33	recycled	recycled	ADJ
cjfa-3263	70	34	materials	material	NOUN
cjfa-3263	70	35	in	in	ADP
cjfa-3263	70	36	products	product	NOUN
cjfa-3263	70	37	,	,	PUNCT
cjfa-3263	70	38	■	■	PUNCT
cjfa-3263	70	39	implementation	implementation	NOUN
cjfa-3263	70	40	of	of	ADP
cjfa-3263	70	41	energy	energy	NOUN
cjfa-3263	70	42	-	-	PUNCT
cjfa-3263	70	43	saving	save	VERB
cjfa-3263	70	44	technologies	technology	NOUN
cjfa-3263	70	45	and	and	CCONJ
cjfa-3263	70	46	technologies	technology	NOUN
cjfa-3263	70	47	that	that	PRON
cjfa-3263	70	48	reduce	reduce	VERB
cjfa-3263	70	49	consumption	consumption	NOUN
cjfa-3263	70	50	of	of	ADP
cjfa-3263	70	51	raw	raw	ADJ
cjfa-3263	70	52	materials	material	NOUN
cjfa-3263	70	53	,	,	PUNCT
cjfa-3263	70	54	■	■	PUNCT
cjfa-3263	70	55	developing	develop	VERB
cjfa-3263	70	56	and	and	CCONJ
cjfa-3263	70	57	introducing	introduce	VERB
cjfa-3263	70	58	new	new	ADJ
cjfa-3263	70	59	technologies	technology	NOUN
cjfa-3263	70	60	that	that	PRON
cjfa-3263	70	61	minimize	minimize	VERB
cjfa-3263	70	62	the	the	DET
cjfa-3263	70	63	amount	amount	NOUN
cjfa-3263	70	64	of	of	ADP
cjfa-3263	70	65	waste	waste	NOUN
cjfa-3263	70	66	.	.	PUNCT
cjfa-3263	71	1	options	option	NOUN
cjfa-3263	71	2	for	for	ADP
cjfa-3263	71	3	the	the	DET
cjfa-3263	71	4	flexibility	flexibility	NOUN
cjfa-3263	71	5	of	of	ADP
cjfa-3263	71	6	production	production	NOUN
cjfa-3263	71	7	means	mean	VERB
cjfa-3263	71	8	allow	allow	VERB
cjfa-3263	71	9	you	you	PRON
cjfa-3263	71	10	to	to	PART
cjfa-3263	71	11	choose	choose	VERB
cjfa-3263	71	12	production	production	NOUN
cjfa-3263	71	13	methods	method	NOUN
cjfa-3263	71	14	and	and	CCONJ
cjfa-3263	71	15	technologies	technology	NOUN
cjfa-3263	71	16	depending	depend	VERB
cjfa-3263	71	17	on	on	ADP
cjfa-3263	71	18	the	the	DET
cjfa-3263	71	19	type	type	NOUN
cjfa-3263	71	20	and	and	CCONJ
cjfa-3263	71	21	price	price	NOUN
cjfa-3263	71	22	of	of	ADP
cjfa-3263	71	23	raw	raw	ADJ
cjfa-3263	71	24	materials	material	NOUN
cjfa-3263	71	25	,	,	PUNCT
cjfa-3263	71	26	energy	energy	NOUN
cjfa-3263	71	27	use	use	NOUN
cjfa-3263	71	28	,	,	PUNCT
cjfa-3263	71	29	existing	exist	VERB
cjfa-3263	71	30	demand	demand	NOUN
cjfa-3263	71	31	and	and	CCONJ
cjfa-3263	71	32	statutory	statutory	ADJ
cjfa-3263	71	33	regulations	regulation	NOUN
cjfa-3263	71	34	.	.	PUNCT
cjfa-3263	72	1	an	an	DET
cjfa-3263	72	2	option	option	NOUN
cjfa-3263	72	3	for	for	ADP
cjfa-3263	72	4	the	the	DET
cjfa-3263	72	5	flexibility	flexibility	NOUN
cjfa-3263	72	6	of	of	ADP
cjfa-3263	72	7	production	production	NOUN
cjfa-3263	72	8	means	mean	NOUN
cjfa-3263	72	9	has	have	VERB
cjfa-3263	72	10	a	a	DET
cjfa-3263	72	11	portfolio	portfolio	NOUN
cjfa-3263	72	12	consisting	consist	VERB
cjfa-3263	72	13	of	of	ADP
cjfa-3263	72	14	call	call	NOUN
cjfa-3263	72	15	and	and	CCONJ
cjfa-3263	72	16	put	put	VERB
cjfa-3263	72	17	options	option	NOUN
cjfa-3263	72	18	.	.	PUNCT
cjfa-3263	73	1	this	this	DET
cjfa-3263	73	2	option	option	NOUN
cjfa-3263	73	3	is	be	AUX
cjfa-3263	73	4	particularly	particularly	ADV
cjfa-3263	73	5	attractive	attractive	ADJ
cjfa-3263	73	6	when	when	SCONJ
cjfa-3263	73	7	economic	economic	ADJ
cjfa-3263	73	8	conditions	condition	NOUN
cjfa-3263	73	9	are	be	AUX
cjfa-3263	73	10	changing	change	VERB
cjfa-3263	73	11	the	the	DET
cjfa-3263	73	12	market	market	NOUN
cjfa-3263	73	13	,	,	PUNCT
cjfa-3263	73	14	where	where	SCONJ
cjfa-3263	73	15	there	there	PRON
cjfa-3263	73	16	is	be	VERB
cjfa-3263	73	17	a	a	DET
cjfa-3263	73	18	risk	risk	NOUN
cjfa-3263	73	19	of	of	ADP
cjfa-3263	73	20	adverse	adverse	ADJ
cjfa-3263	73	21	price	price	NOUN
cjfa-3263	73	22	movements	movement	NOUN
cjfa-3263	73	23	.	.	PUNCT
cjfa-3263	74	1	within	within	ADP
cjfa-3263	74	2	an	an	DET
cjfa-3263	74	3	option	option	NOUN
cjfa-3263	74	4	for	for	ADP
cjfa-3263	74	5	the	the	DET
cjfa-3263	74	6	flexibility	flexibility	NOUN
cjfa-3263	74	7	of	of	ADP
cjfa-3263	74	8	production	production	NOUN
cjfa-3263	74	9	means	mean	VERB
cjfa-3263	74	10	the	the	DET
cjfa-3263	74	11	following	follow	VERB
cjfa-3263	74	12	pro	pro	ADJ
cjfa-3263	74	13	-	-	ADJ
cjfa-3263	74	14	ecological	ecological	ADJ
cjfa-3263	74	15	measures	measure	NOUN
cjfa-3263	74	16	can	can	AUX
cjfa-3263	74	17	be	be	AUX
cjfa-3263	74	18	considered	consider	VERB
cjfa-3263	74	19	:	:	PUNCT
cjfa-3263	74	20	reducing	reduce	VERB
cjfa-3263	74	21	pollution	pollution	NOUN
cjfa-3263	74	22	at	at	ADP
cjfa-3263	74	23	the	the	DET
cjfa-3263	74	24	source	source	NOUN
cjfa-3263	74	25	of	of	ADP
cjfa-3263	74	26	their	their	PRON
cjfa-3263	74	27	creation	creation	NOUN
cjfa-3263	74	28	(	(	PUNCT
cjfa-3263	74	29	change	change	NOUN
cjfa-3263	74	30	of	of	ADP
cjfa-3263	74	31	raw	raw	ADJ
cjfa-3263	74	32	materials	material	NOUN
cjfa-3263	74	33	,	,	PUNCT
cjfa-3263	74	34	energy	energy	NOUN
cjfa-3263	74	35	,	,	PUNCT
cjfa-3263	74	36	and	and	CCONJ
cjfa-3263	74	37	machinery	machinery	NOUN
cjfa-3263	74	38	used	use	VERB
cjfa-3263	74	39	in	in	ADP
cjfa-3263	74	40	the	the	DET
cjfa-3263	74	41	production	production	NOUN
cjfa-3263	74	42	process	process	NOUN
cjfa-3263	74	43	)	)	PUNCT
cjfa-3263	74	44	,	,	PUNCT
cjfa-3263	74	45	the	the	DET
cjfa-3263	74	46	use	use	NOUN
cjfa-3263	74	47	of	of	ADP
cjfa-3263	74	48	recycled	recycled	ADJ
cjfa-3263	74	49	materials	material	NOUN
cjfa-3263	74	50	,	,	PUNCT
cjfa-3263	74	51	reducing	reduce	VERB
cjfa-3263	74	52	the	the	DET
cjfa-3263	74	53	consumption	consumption	NOUN
cjfa-3263	74	54	of	of	ADP
cjfa-3263	74	55	raw	raw	ADJ
cjfa-3263	74	56	materials	material	NOUN
cjfa-3263	74	57	and	and	CCONJ
cjfa-3263	74	58	energy	energy	NOUN
cjfa-3263	74	59	,	,	PUNCT
cjfa-3263	74	60	the	the	DET
cjfa-3263	74	61	use	use	NOUN
cjfa-3263	74	62	of	of	ADP
cjfa-3263	74	63	recycled	recycled	ADJ
cjfa-3263	74	64	materials	material	NOUN
cjfa-3263	74	65	.	.	PUNCT
cjfa-3263	75	1	options	option	NOUN
cjfa-3263	75	2	to	to	PART
cjfa-3263	75	3	expand	expand	VERB
cjfa-3263	75	4	allow	allow	VERB
cjfa-3263	75	5	taking	take	VERB
cjfa-3263	75	6	the	the	DET
cjfa-3263	75	7	company	company	NOUN
cjfa-3263	75	8	projects	project	NOUN
cjfa-3263	75	9	that	that	PRON
cjfa-3263	75	10	rely	rely	VERB
cjfa-3263	75	11	on	on	ADP
cjfa-3263	75	12	periodic	periodic	ADJ
cjfa-3263	75	13	reducing	reducing	NOUN
cjfa-3263	75	14	or	or	CCONJ
cjfa-3263	75	15	stopping	stop	VERB
cjfa-3263	75	16	the	the	DET
cjfa-3263	75	17	action	action	NOUN
cjfa-3263	75	18	and	and	CCONJ
cjfa-3263	75	19	re	re	VERB
cjfa-3263	75	20	-	-	VERB
cjfa-3263	75	21	running	run	VERB
cjfa-3263	75	22	them	they	PRON
cjfa-3263	75	23	,	,	PUNCT
cjfa-3263	75	24	periodically	periodically	ADV
cjfa-3263	75	25	increasing	increase	VERB
cjfa-3263	75	26	(	(	PUNCT
cjfa-3263	75	27	a	a	DET
cjfa-3263	75	28	call	call	NOUN
cjfa-3263	75	29	option	option	NOUN
cjfa-3263	75	30	)	)	PUNCT
cjfa-3263	75	31	or	or	CCONJ
cjfa-3263	75	32	reducing	reduce	VERB
cjfa-3263	75	33	(	(	PUNCT
cjfa-3263	75	34	a	a	DET
cjfa-3263	75	35	put	put	NOUN
cjfa-3263	75	36	option	option	NOUN
cjfa-3263	75	37	)	)	PUNCT
cjfa-3263	75	38	the	the	DET
cjfa-3263	75	39	scale	scale	NOUN
cjfa-3263	75	40	of	of	ADP
cjfa-3263	75	41	production	production	NOUN
cjfa-3263	75	42	.	.	PUNCT
cjfa-3263	76	1	the	the	DET
cjfa-3263	76	2	option	option	NOUN
cjfa-3263	76	3	to	to	PART
cjfa-3263	76	4	expand	expand	VERB
cjfa-3263	76	5	impacts	impact	NOUN
cjfa-3263	76	6	the	the	DET
cjfa-3263	76	7	improvement	improvement	NOUN
cjfa-3263	76	8	of	of	ADP
cjfa-3263	76	9	the	the	DET
cjfa-3263	76	10	efficiency	efficiency	NOUN
cjfa-3263	76	11	of	of	ADP
cjfa-3263	76	12	activities	activity	NOUN
cjfa-3263	76	13	conducted	conduct	VERB
cjfa-3263	76	14	.	.	PUNCT
cjfa-3263	77	1	in	in	ADP
cjfa-3263	77	2	some	some	DET
cjfa-3263	77	3	cases	case	NOUN
cjfa-3263	77	4	it	it	PRON
cjfa-3263	77	5	is	be	AUX
cjfa-3263	77	6	possible	possible	ADJ
cjfa-3263	77	7	to	to	PART
cjfa-3263	77	8	adjust	adjust	VERB
cjfa-3263	77	9	the	the	DET
cjfa-3263	77	10	scale	scale	NOUN
cjfa-3263	77	11	of	of	ADP
cjfa-3263	77	12	operations	operation	NOUN
cjfa-3263	77	13	to	to	ADP
cjfa-3263	77	14	the	the	DET
cjfa-3263	77	15	current	current	ADJ
cjfa-3263	77	16	market	market	NOUN
cjfa-3263	77	17	conditions	condition	NOUN
cjfa-3263	77	18	.	.	PUNCT
cjfa-3263	78	1	within	within	ADP
cjfa-3263	78	2	the	the	DET
cjfa-3263	78	3	option	option	NOUN
cjfa-3263	78	4	to	to	PART
cjfa-3263	78	5	expand	expand	VERB
cjfa-3263	78	6	can	can	AUX
cjfa-3263	78	7	be	be	AUX
cjfa-3263	78	8	considered	consider	VERB
cjfa-3263	78	9	environmentally	environmentally	ADV
cjfa-3263	78	10	ewa	ewa	PROPN
cjfa-3263	78	11	dziawgo68	dziawgo68	NOUN
cjfa-3263	78	12	friendly	friendly	ADJ
cjfa-3263	78	13	projects	project	NOUN
cjfa-3263	78	14	aimed	aim	VERB
cjfa-3263	78	15	at	at	ADP
cjfa-3263	78	16	reducing	reduce	VERB
cjfa-3263	78	17	the	the	DET
cjfa-3263	78	18	rate	rate	NOUN
cjfa-3263	78	19	of	of	ADP
cjfa-3263	78	20	exploitation	exploitation	NOUN
cjfa-3263	78	21	of	of	ADP
cjfa-3263	78	22	resources	resource	NOUN
cjfa-3263	78	23	,	,	PUNCT
cjfa-3263	78	24	taking	take	VERB
cjfa-3263	78	25	into	into	ADP
cjfa-3263	78	26	account	account	NOUN
cjfa-3263	78	27	the	the	DET
cjfa-3263	78	28	products	product	NOUN
cjfa-3263	78	29	made	make	VERB
cjfa-3263	78	30	from	from	ADP
cjfa-3263	78	31	recycled	recycled	ADJ
cjfa-3263	78	32	materials	material	NOUN
cjfa-3263	78	33	,	,	PUNCT
cjfa-3263	78	34	reducing	reduce	VERB
cjfa-3263	78	35	the	the	DET
cjfa-3263	78	36	consumption	consumption	NOUN
cjfa-3263	78	37	of	of	ADP
cjfa-3263	78	38	raw	raw	ADJ
cjfa-3263	78	39	materials	material	NOUN
cjfa-3263	78	40	and	and	CCONJ
cjfa-3263	78	41	energy	energy	NOUN
cjfa-3263	78	42	,	,	PUNCT
cjfa-3263	78	43	keeping	keep	VERB
cjfa-3263	78	44	waste	waste	NOUN
cjfa-3263	78	45	segregation	segregation	NOUN
cjfa-3263	78	46	and	and	CCONJ
cjfa-3263	78	47	recycling	recycling	NOUN
cjfa-3263	78	48	.	.	PUNCT
cjfa-3263	79	1	options	option	NOUN
cjfa-3263	79	2	to	to	PART
cjfa-3263	79	3	delay	delay	VERB
cjfa-3263	79	4	allow	allow	VERB
cjfa-3263	79	5	you	you	PRON
cjfa-3263	79	6	to	to	PART
cjfa-3263	79	7	select	select	VERB
cjfa-3263	79	8	the	the	DET
cjfa-3263	79	9	moment	moment	NOUN
cjfa-3263	79	10	when	when	SCONJ
cjfa-3263	79	11	the	the	DET
cjfa-3263	79	12	investment	investment	NOUN
cjfa-3263	79	13	is	be	AUX
cjfa-3263	79	14	to	to	PART
cjfa-3263	79	15	be	be	AUX
cjfa-3263	79	16	commenced	commence	VERB
cjfa-3263	79	17	.	.	PUNCT
cjfa-3263	80	1	if	if	SCONJ
cjfa-3263	80	2	the	the	DET
cjfa-3263	80	3	company	company	NOUN
cjfa-3263	80	4	faces	face	VERB
cjfa-3263	80	5	unfavourable	unfavourable	ADJ
cjfa-3263	80	6	market	market	NOUN
cjfa-3263	80	7	circumstances	circumstance	NOUN
cjfa-3263	80	8	,	,	PUNCT
cjfa-3263	80	9	this	this	DET
cjfa-3263	80	10	option	option	NOUN
cjfa-3263	80	11	allows	allow	VERB
cjfa-3263	80	12	avoiding	avoid	VERB
cjfa-3263	80	13	unprofitable	unprofitable	ADJ
cjfa-3263	80	14	investments	investment	NOUN
cjfa-3263	80	15	and	and	CCONJ
cjfa-3263	80	16	losses	loss	NOUN
cjfa-3263	80	17	.	.	PUNCT
cjfa-3263	81	1	however	however	ADV
cjfa-3263	81	2	,	,	PUNCT
cjfa-3263	81	3	the	the	DET
cjfa-3263	81	4	investment	investment	NOUN
cjfa-3263	81	5	may	may	AUX
cjfa-3263	81	6	become	become	VERB
cjfa-3263	81	7	profitable	profitable	ADJ
cjfa-3263	81	8	,	,	PUNCT
cjfa-3263	81	9	if	if	SCONJ
cjfa-3263	81	10	it	it	PRON
cjfa-3263	81	11	is	be	AUX
cjfa-3263	81	12	realised	realise	VERB
cjfa-3263	81	13	at	at	ADP
cjfa-3263	81	14	a	a	DET
cjfa-3263	81	15	later	later	ADJ
cjfa-3263	81	16	date	date	NOUN
cjfa-3263	81	17	,	,	PUNCT
cjfa-3263	81	18	under	under	ADP
cjfa-3263	81	19	market	market	NOUN
cjfa-3263	81	20	conditions	condition	NOUN
cjfa-3263	81	21	that	that	PRON
cjfa-3263	81	22	are	be	AUX
cjfa-3263	81	23	more	more	ADV
cjfa-3263	81	24	favourable	favourable	ADJ
cjfa-3263	81	25	for	for	ADP
cjfa-3263	81	26	the	the	DET
cjfa-3263	81	27	company	company	NOUN
cjfa-3263	81	28	.	.	PUNCT
cjfa-3263	82	1	an	an	DET
cjfa-3263	82	2	option	option	NOUN
cjfa-3263	82	3	to	to	PART
cjfa-3263	82	4	delay	delay	VERB
cjfa-3263	82	5	is	be	AUX
cjfa-3263	82	6	an	an	DET
cjfa-3263	82	7	american	american	ADJ
cjfa-3263	82	8	-	-	PUNCT
cjfa-3263	82	9	style	style	NOUN
cjfa-3263	82	10	call	call	NOUN
cjfa-3263	82	11	option	option	NOUN
cjfa-3263	82	12	.	.	PUNCT
cjfa-3263	83	1	an	an	DET
cjfa-3263	83	2	example	example	NOUN
cjfa-3263	83	3	of	of	ADP
cjfa-3263	83	4	an	an	DET
cjfa-3263	83	5	option	option	NOUN
cjfa-3263	83	6	to	to	PART
cjfa-3263	83	7	delay	delay	VERB
cjfa-3263	83	8	is	be	AUX
cjfa-3263	83	9	an	an	DET
cjfa-3263	83	10	investment	investment	NOUN
cjfa-3263	83	11	made	make	VERB
cjfa-3263	83	12	in	in	ADP
cjfa-3263	83	13	the	the	DET
cjfa-3263	83	14	acquisition	acquisition	NOUN
cjfa-3263	83	15	of	of	ADP
cjfa-3263	83	16	land	land	NOUN
cjfa-3263	83	17	rich	rich	ADJ
cjfa-3263	83	18	in	in	ADP
cjfa-3263	83	19	natural	natural	ADJ
cjfa-3263	83	20	resources	resource	NOUN
cjfa-3263	83	21	.	.	PUNCT
cjfa-3263	84	1	prior	prior	ADV
cjfa-3263	84	2	to	to	ADP
cjfa-3263	84	3	the	the	DET
cjfa-3263	84	4	commencement	commencement	NOUN
cjfa-3263	84	5	of	of	ADP
cjfa-3263	84	6	mining	mining	NOUN
cjfa-3263	84	7	,	,	PUNCT
cjfa-3263	84	8	it	it	PRON
cjfa-3263	84	9	is	be	AUX
cjfa-3263	84	10	often	often	ADV
cjfa-3263	84	11	necessary	necessary	ADJ
cjfa-3263	84	12	to	to	PART
cjfa-3263	84	13	perform	perform	VERB
cjfa-3263	84	14	a	a	DET
cjfa-3263	84	15	series	series	NOUN
cjfa-3263	84	16	of	of	ADP
cjfa-3263	84	17	additional	additional	ADJ
cjfa-3263	84	18	examinations	examination	NOUN
cjfa-3263	84	19	related	relate	VERB
cjfa-3263	84	20	to	to	ADP
cjfa-3263	84	21	a	a	DET
cjfa-3263	84	22	better	well	ADJ
cjfa-3263	84	23	understanding	understanding	NOUN
cjfa-3263	84	24	of	of	ADP
cjfa-3263	84	25	the	the	DET
cjfa-3263	84	26	content	content	NOUN
cjfa-3263	84	27	of	of	ADP
cjfa-3263	84	28	the	the	DET
cjfa-3263	84	29	deposit	deposit	NOUN
cjfa-3263	84	30	,	,	PUNCT
cjfa-3263	84	31	the	the	DET
cjfa-3263	84	32	results	result	NOUN
cjfa-3263	84	33	of	of	ADP
cjfa-3263	84	34	which	which	PRON
cjfa-3263	84	35	will	will	AUX
cjfa-3263	84	36	affect	affect	VERB
cjfa-3263	84	37	taking	take	VERB
cjfa-3263	84	38	professional	professional	ADJ
cjfa-3263	84	39	decisions	decision	NOUN
cjfa-3263	84	40	related	relate	VERB
cjfa-3263	84	41	to	to	ADP
cjfa-3263	84	42	the	the	DET
cjfa-3263	84	43	involvement	involvement	NOUN
cjfa-3263	84	44	of	of	ADP
cjfa-3263	84	45	the	the	DET
cjfa-3263	84	46	appropriate	appropriate	ADJ
cjfa-3263	84	47	production	production	NOUN
cjfa-3263	84	48	capacity	capacity	NOUN
cjfa-3263	84	49	.	.	PUNCT
cjfa-3263	85	1	under	under	ADP
cjfa-3263	85	2	this	this	DET
cjfa-3263	85	3	option	option	NOUN
cjfa-3263	85	4	,	,	PUNCT
cjfa-3263	85	5	you	you	PRON
cjfa-3263	85	6	can	can	AUX
cjfa-3263	85	7	analyse	analyse	VERB
cjfa-3263	85	8	environmental	environmental	ADJ
cjfa-3263	85	9	projects	project	NOUN
cjfa-3263	85	10	aimed	aim	VERB
cjfa-3263	85	11	at	at	ADP
cjfa-3263	85	12	reducing	reduce	VERB
cjfa-3263	85	13	the	the	DET
cjfa-3263	85	14	amount	amount	NOUN
cjfa-3263	85	15	of	of	ADP
cjfa-3263	85	16	waste	waste	NOUN
cjfa-3263	85	17	or	or	CCONJ
cjfa-3263	85	18	increasing	increase	VERB
cjfa-3263	85	19	the	the	DET
cjfa-3263	85	20	level	level	NOUN
cjfa-3263	85	21	of	of	ADP
cjfa-3263	85	22	recycling	recycling	NOUN
cjfa-3263	85	23	of	of	ADP
cjfa-3263	85	24	waste	waste	NOUN
cjfa-3263	85	25	generated	generate	VERB
cjfa-3263	85	26	.	.	PUNCT
cjfa-3263	86	1	exit	exit	NOUN
cjfa-3263	86	2	options	option	NOUN
cjfa-3263	86	3	allow	allow	VERB
cjfa-3263	86	4	you	you	PRON
cjfa-3263	86	5	to	to	PART
cjfa-3263	86	6	withdraw	withdraw	VERB
cjfa-3263	86	7	from	from	ADP
cjfa-3263	86	8	the	the	DET
cjfa-3263	86	9	project	project	NOUN
cjfa-3263	86	10	in	in	ADP
cjfa-3263	86	11	the	the	DET
cjfa-3263	86	12	case	case	NOUN
cjfa-3263	86	13	when	when	SCONJ
cjfa-3263	86	14	there	there	PRON
cjfa-3263	86	15	are	be	VERB
cjfa-3263	86	16	adverse	adverse	ADJ
cjfa-3263	86	17	market	market	NOUN
cjfa-3263	86	18	conditions	condition	NOUN
cjfa-3263	86	19	for	for	ADP
cjfa-3263	86	20	the	the	DET
cjfa-3263	86	21	company	company	NOUN
cjfa-3263	86	22	,	,	PUNCT
cjfa-3263	86	23	or	or	CCONJ
cjfa-3263	86	24	when	when	SCONJ
cjfa-3263	86	25	adverse	adverse	ADJ
cjfa-3263	86	26	results	result	NOUN
cjfa-3263	86	27	of	of	ADP
cjfa-3263	86	28	technical	technical	ADJ
cjfa-3263	86	29	analysis	analysis	NOUN
cjfa-3263	86	30	are	be	AUX
cjfa-3263	86	31	received	receive	VERB
cjfa-3263	86	32	.	.	PUNCT
cjfa-3263	87	1	exit	exit	NOUN
cjfa-3263	87	2	options	option	NOUN
cjfa-3263	87	3	are	be	AUX
cjfa-3263	87	4	put	put	VERB
cjfa-3263	87	5	options	option	NOUN
cjfa-3263	87	6	.	.	PUNCT
cjfa-3263	88	1	the	the	DET
cjfa-3263	88	2	exit	exit	NOUN
cjfa-3263	88	3	option	option	NOUN
cjfa-3263	88	4	often	often	ADV
cjfa-3263	88	5	occurs	occur	VERB
cjfa-3263	88	6	along	along	ADP
cjfa-3263	88	7	with	with	ADP
cjfa-3263	88	8	the	the	DET
cjfa-3263	88	9	growth	growth	NOUN
cjfa-3263	88	10	option	option	NOUN
cjfa-3263	88	11	.	.	PUNCT
cjfa-3263	89	1	examples	example	NOUN
cjfa-3263	89	2	of	of	ADP
cjfa-3263	89	3	environmental	environmental	ADJ
cjfa-3263	89	4	projects	project	NOUN
cjfa-3263	89	5	within	within	ADP
cjfa-3263	89	6	exit	exit	NOUN
cjfa-3263	89	7	options	option	NOUN
cjfa-3263	89	8	include	include	VERB
cjfa-3263	89	9	the	the	DET
cjfa-3263	89	10	following	following	NOUN
cjfa-3263	89	11	:	:	PUNCT
cjfa-3263	89	12	considering	consider	VERB
cjfa-3263	89	13	while	while	SCONJ
cjfa-3263	89	14	buying	buy	VERB
cjfa-3263	89	15	the	the	DET
cjfa-3263	89	16	environmental	environmental	ADJ
cjfa-3263	89	17	attributes	attribute	NOUN
cjfa-3263	89	18	of	of	ADP
cjfa-3263	89	19	the	the	DET
cjfa-3263	89	20	offered	offer	VERB
cjfa-3263	89	21	goods	good	NOUN
cjfa-3263	89	22	,	,	PUNCT
cjfa-3263	89	23	conducting	conduct	VERB
cjfa-3263	89	24	research	research	NOUN
cjfa-3263	89	25	and	and	CCONJ
cjfa-3263	89	26	development	development	NOUN
cjfa-3263	89	27	activity	activity	NOUN
cjfa-3263	89	28	in	in	ADP
cjfa-3263	89	29	the	the	DET
cjfa-3263	89	30	area	area	NOUN
cjfa-3263	89	31	of	of	ADP
cjfa-3263	89	32	sourcing	source	VERB
cjfa-3263	89	33	recycled	recycle	VERB
cjfa-3263	89	34	materials	material	NOUN
cjfa-3263	89	35	,	,	PUNCT
cjfa-3263	89	36	conducting	conduct	VERB
cjfa-3263	89	37	research	research	NOUN
cjfa-3263	89	38	in	in	ADP
cjfa-3263	89	39	the	the	DET
cjfa-3263	89	40	area	area	NOUN
cjfa-3263	89	41	of	of	ADP
cjfa-3263	89	42	attracting	attract	VERB
cjfa-3263	89	43	new	new	ADJ
cjfa-3263	89	44	sources	source	NOUN
cjfa-3263	89	45	of	of	ADP
cjfa-3263	89	46	raw	raw	ADJ
cjfa-3263	89	47	materials	material	NOUN
cjfa-3263	89	48	,	,	PUNCT
cjfa-3263	89	49	participating	participate	VERB
cjfa-3263	89	50	in	in	ADP
cjfa-3263	89	51	the	the	DET
cjfa-3263	89	52	transfer	transfer	NOUN
cjfa-3263	89	53	of	of	ADP
cjfa-3263	89	54	techniques	technique	NOUN
cjfa-3263	89	55	and	and	CCONJ
cjfa-3263	89	56	environmental	environmental	ADJ
cjfa-3263	89	57	technologies	technology	NOUN
cjfa-3263	89	58	.	.	PUNCT
cjfa-3263	90	1	pricing	pricing	NOUN
cjfa-3263	90	2	model	model	NOUN
cjfa-3263	90	3	of	of	ADP
cjfa-3263	90	4	the	the	DET
cjfa-3263	90	5	real	real	ADJ
cjfa-3263	90	6	options	option	NOUN
cjfa-3263	90	7	in	in	ADP
cjfa-3263	90	8	pricing	pricing	NOUN
cjfa-3263	90	9	of	of	ADP
cjfa-3263	90	10	real	real	ADJ
cjfa-3263	90	11	options	option	NOUN
cjfa-3263	90	12	the	the	DET
cjfa-3263	90	13	most	most	ADV
cjfa-3263	90	14	frequently	frequently	ADV
cjfa-3263	90	15	applied	apply	VERB
cjfa-3263	90	16	models	model	NOUN
cjfa-3263	90	17	include	include	VERB
cjfa-3263	90	18	the	the	DET
cjfa-3263	90	19	black	black	ADJ
cjfa-3263	90	20	-	-	PUNCT
cjfa-3263	90	21	scholes	schole	NOUN
cjfa-3263	90	22	model	model	NOUN
cjfa-3263	90	23	(	(	PUNCT
cjfa-3263	90	24	a	a	DET
cjfa-3263	90	25	continuous	continuous	ADJ
cjfa-3263	90	26	model	model	NOUN
cjfa-3263	90	27	)	)	PUNCT
cjfa-3263	90	28	and	and	CCONJ
cjfa-3263	90	29	the	the	DET
cjfa-3263	90	30	cox	cox	PROPN
cjfa-3263	90	31	-	-	PUNCT
cjfa-3263	90	32	ross	ross	PROPN
cjfa-3263	90	33	-	-	PROPN
cjfa-3263	90	34	rubinstein	rubinstein	PROPN
cjfa-3263	90	35	option	option	NOUN
cjfa-3263	90	36	pricing	pricing	NOUN
cjfa-3263	90	37	model	model	NOUN
cjfa-3263	90	38	(	(	PUNCT
cjfa-3263	90	39	a	a	DET
cjfa-3263	90	40	binomial	binomial	ADJ
cjfa-3263	90	41	model	model	NOUN
cjfa-3263	90	42	)	)	PUNCT
cjfa-3263	90	43	(	(	PUNCT
cjfa-3263	90	44	amram	amram	NOUN
cjfa-3263	90	45	,	,	PUNCT
cjfa-3263	90	46	kulatilaka	kulatilaka	NOUN
cjfa-3263	90	47	1999	1999	NUM
cjfa-3263	90	48	;	;	PUNCT
cjfa-3263	90	49	brach	brach	PROPN
cjfa-3263	90	50	2002	2002	NUM
cjfa-3263	90	51	;	;	PUNCT
cjfa-3263	90	52	copeland	copeland	PROPN
cjfa-3263	90	53	,	,	PUNCT
cjfa-3263	90	54	anticarov	anticarov	PROPN
cjfa-3263	90	55	2001	2001	NUM
cjfa-3263	90	56	;	;	PUNCT
cjfa-3263	90	57	trigeorgis	trigeorgis	NOUN
cjfa-3263	90	58	1999	1999	NUM
cjfa-3263	90	59	;	;	PUNCT
cjfa-3263	90	60	dziawgo	dziawgo	PROPN
cjfa-3263	90	61	2003	2003	NUM
cjfa-3263	90	62	)	)	PUNCT
cjfa-3263	90	63	.	.	PUNCT
cjfa-3263	91	1	the	the	DET
cjfa-3263	91	2	black	black	ADJ
cjfa-3263	91	3	-	-	PUNCT
cjfa-3263	91	4	scholes	schole	NOUN
cjfa-3263	91	5	model	model	NOUN
cjfa-3263	91	6	assumes	assume	VERB
cjfa-3263	91	7	that	that	SCONJ
cjfa-3263	91	8	the	the	DET
cjfa-3263	91	9	value	value	NOUN
cjfa-3263	91	10	of	of	ADP
cjfa-3263	91	11	the	the	DET
cjfa-3263	91	12	underlying	underlie	VERB
cjfa-3263	91	13	asset	asset	NOUN
cjfa-3263	91	14	changes	change	NOUN
cjfa-3263	91	15	continuously	continuously	ADV
cjfa-3263	91	16	.	.	PUNCT
cjfa-3263	92	1	this	this	DET
cjfa-3263	92	2	model	model	NOUN
cjfa-3263	92	3	is	be	AUX
cjfa-3263	92	4	used	use	VERB
cjfa-3263	92	5	for	for	ADP
cjfa-3263	92	6	european	european	ADJ
cjfa-3263	92	7	-	-	PUNCT
cjfa-3263	92	8	style	style	NOUN
cjfa-3263	92	9	options	option	NOUN
cjfa-3263	92	10	.	.	PUNCT
cjfa-3263	93	1	the	the	DET
cjfa-3263	93	2	value	value	NOUN
cjfa-3263	93	3	of	of	ADP
cjfa-3263	93	4	a	a	DET
cjfa-3263	93	5	real	real	ADJ
cjfa-3263	93	6	call	call	NOUN
cjfa-3263	93	7	option	option	NOUN
cjfa-3263	93	8	derived	derive	VERB
cjfa-3263	93	9	from	from	ADP
cjfa-3263	93	10	the	the	DET
cjfa-3263	93	11	application	application	NOUN
cjfa-3263	93	12	of	of	ADP
cjfa-3263	93	13	the	the	DET
cjfa-3263	93	14	black	black	ADJ
cjfa-3263	93	15	-	-	PUNCT
cjfa-3263	93	16	scholes	schole	NOUN
cjfa-3263	93	17	model	model	NOUN
cjfa-3263	93	18	at	at	ADP
cjfa-3263	93	19	the	the	DET
cjfa-3263	93	20	t	t	PROPN
cjfa-3263	93	21	moment	moment	NOUN
cjfa-3263	93	22	is	be	AUX
cjfa-3263	93	23	:	:	PUNCT
cjfa-3263	93	24	(	(	PUNCT
cjfa-3263	93	25	1	1	X
cjfa-3263	93	26	)	)	PUNCT
cjfa-3263	93	27	will	will	AUX
cjfa-3263	93	28	affect	affect	VERB
cjfa-3263	93	29	taking	take	VERB
cjfa-3263	93	30	professional	professional	ADJ
cjfa-3263	93	31	decisions	decision	NOUN
cjfa-3263	93	32	related	relate	VERB
cjfa-3263	93	33	to	to	ADP
cjfa-3263	93	34	the	the	DET
cjfa-3263	93	35	involvement	involvement	NOUN
cjfa-3263	93	36	of	of	ADP
cjfa-3263	93	37	the	the	DET
cjfa-3263	93	38	appropriate	appropriate	ADJ
cjfa-3263	93	39	production	production	NOUN
cjfa-3263	93	40	capacity	capacity	NOUN
cjfa-3263	93	41	.	.	PUNCT
cjfa-3263	94	1	under	under	ADP
cjfa-3263	94	2	this	this	DET
cjfa-3263	94	3	option	option	NOUN
cjfa-3263	94	4	,	,	PUNCT
cjfa-3263	94	5	you	you	PRON
cjfa-3263	94	6	can	can	AUX
cjfa-3263	94	7	analyse	analyse	VERB
cjfa-3263	94	8	environmental	environmental	ADJ
cjfa-3263	94	9	projects	project	NOUN
cjfa-3263	94	10	aimed	aim	VERB
cjfa-3263	94	11	at	at	ADP
cjfa-3263	94	12	reducing	reduce	VERB
cjfa-3263	94	13	the	the	DET
cjfa-3263	94	14	amount	amount	NOUN
cjfa-3263	94	15	of	of	ADP
cjfa-3263	94	16	waste	waste	NOUN
cjfa-3263	94	17	or	or	CCONJ
cjfa-3263	94	18	increasing	increase	VERB
cjfa-3263	94	19	the	the	DET
cjfa-3263	94	20	level	level	NOUN
cjfa-3263	94	21	of	of	ADP
cjfa-3263	94	22	recycling	recycling	NOUN
cjfa-3263	94	23	of	of	ADP
cjfa-3263	94	24	waste	waste	NOUN
cjfa-3263	94	25	generated	generate	VERB
cjfa-3263	94	26	.	.	PUNCT
cjfa-3263	95	1	exit	exit	NOUN
cjfa-3263	95	2	options	option	NOUN
cjfa-3263	95	3	allow	allow	VERB
cjfa-3263	95	4	you	you	PRON
cjfa-3263	95	5	to	to	PART
cjfa-3263	95	6	withdraw	withdraw	VERB
cjfa-3263	95	7	from	from	ADP
cjfa-3263	95	8	the	the	DET
cjfa-3263	95	9	project	project	NOUN
cjfa-3263	95	10	in	in	ADP
cjfa-3263	95	11	the	the	DET
cjfa-3263	95	12	case	case	NOUN
cjfa-3263	95	13	when	when	SCONJ
cjfa-3263	95	14	there	there	PRON
cjfa-3263	95	15	are	be	VERB
cjfa-3263	95	16	adverse	adverse	ADJ
cjfa-3263	95	17	market	market	NOUN
cjfa-3263	95	18	conditions	condition	NOUN
cjfa-3263	95	19	for	for	ADP
cjfa-3263	95	20	the	the	DET
cjfa-3263	95	21	company	company	NOUN
cjfa-3263	95	22	,	,	PUNCT
cjfa-3263	95	23	or	or	CCONJ
cjfa-3263	95	24	when	when	SCONJ
cjfa-3263	95	25	adverse	adverse	ADJ
cjfa-3263	95	26	results	result	NOUN
cjfa-3263	95	27	of	of	ADP
cjfa-3263	95	28	technical	technical	ADJ
cjfa-3263	95	29	analysis	analysis	NOUN
cjfa-3263	95	30	are	be	AUX
cjfa-3263	95	31	received	receive	VERB
cjfa-3263	95	32	.	.	PUNCT
cjfa-3263	96	1	exit	exit	NOUN
cjfa-3263	96	2	options	option	NOUN
cjfa-3263	96	3	are	be	AUX
cjfa-3263	96	4	put	put	VERB
cjfa-3263	96	5	options	option	NOUN
cjfa-3263	96	6	.	.	PUNCT
cjfa-3263	97	1	the	the	DET
cjfa-3263	97	2	exit	exit	NOUN
cjfa-3263	97	3	option	option	NOUN
cjfa-3263	97	4	often	often	ADV
cjfa-3263	97	5	occurs	occur	VERB
cjfa-3263	97	6	along	along	ADP
cjfa-3263	97	7	with	with	ADP
cjfa-3263	97	8	the	the	DET
cjfa-3263	97	9	growth	growth	NOUN
cjfa-3263	97	10	option	option	NOUN
cjfa-3263	97	11	.	.	PUNCT
cjfa-3263	98	1	examples	example	NOUN
cjfa-3263	98	2	of	of	ADP
cjfa-3263	98	3	environmental	environmental	ADJ
cjfa-3263	98	4	projects	project	NOUN
cjfa-3263	98	5	within	within	ADP
cjfa-3263	98	6	exit	exit	NOUN
cjfa-3263	98	7	options	option	NOUN
cjfa-3263	98	8	include	include	VERB
cjfa-3263	98	9	the	the	DET
cjfa-3263	98	10	following	following	NOUN
cjfa-3263	98	11	:	:	PUNCT
cjfa-3263	98	12	considering	consider	VERB
cjfa-3263	98	13	while	while	SCONJ
cjfa-3263	98	14	buying	buy	VERB
cjfa-3263	98	15	the	the	DET
cjfa-3263	98	16	environmental	environmental	ADJ
cjfa-3263	98	17	attributes	attribute	NOUN
cjfa-3263	98	18	of	of	ADP
cjfa-3263	98	19	the	the	DET
cjfa-3263	98	20	offered	offer	VERB
cjfa-3263	98	21	goods	good	NOUN
cjfa-3263	98	22	,	,	PUNCT
cjfa-3263	98	23	conducting	conduct	VERB
cjfa-3263	98	24	research	research	NOUN
cjfa-3263	98	25	and	and	CCONJ
cjfa-3263	98	26	development	development	NOUN
cjfa-3263	98	27	activity	activity	NOUN
cjfa-3263	98	28	in	in	ADP
cjfa-3263	98	29	the	the	DET
cjfa-3263	98	30	area	area	NOUN
cjfa-3263	98	31	of	of	ADP
cjfa-3263	98	32	sourcing	source	VERB
cjfa-3263	98	33	recycled	recycle	VERB
cjfa-3263	98	34	materials	material	NOUN
cjfa-3263	98	35	,	,	PUNCT
cjfa-3263	98	36	conducting	conduct	VERB
cjfa-3263	98	37	research	research	NOUN
cjfa-3263	98	38	in	in	ADP
cjfa-3263	98	39	the	the	DET
cjfa-3263	98	40	area	area	NOUN
cjfa-3263	98	41	of	of	ADP
cjfa-3263	98	42	attracting	attract	VERB
cjfa-3263	98	43	new	new	ADJ
cjfa-3263	98	44	sources	source	NOUN
cjfa-3263	98	45	of	of	ADP
cjfa-3263	98	46	raw	raw	ADJ
cjfa-3263	98	47	materials	material	NOUN
cjfa-3263	98	48	,	,	PUNCT
cjfa-3263	98	49	participating	participate	VERB
cjfa-3263	98	50	in	in	ADP
cjfa-3263	98	51	the	the	DET
cjfa-3263	98	52	transfer	transfer	NOUN
cjfa-3263	98	53	of	of	ADP
cjfa-3263	98	54	techniques	technique	NOUN
cjfa-3263	98	55	and	and	CCONJ
cjfa-3263	98	56	environmental	environmental	ADJ
cjfa-3263	98	57	technologies	technology	NOUN
cjfa-3263	98	58	.	.	PUNCT
cjfa-3263	99	1	pricing	pricing	NOUN
cjfa-3263	99	2	model	model	NOUN
cjfa-3263	99	3	of	of	ADP
cjfa-3263	99	4	the	the	DET
cjfa-3263	99	5	real	real	ADJ
cjfa-3263	99	6	options	option	NOUN
cjfa-3263	99	7	in	in	ADP
cjfa-3263	99	8	pricing	pricing	NOUN
cjfa-3263	99	9	of	of	ADP
cjfa-3263	99	10	real	real	ADJ
cjfa-3263	99	11	options	option	NOUN
cjfa-3263	99	12	the	the	DET
cjfa-3263	99	13	most	most	ADV
cjfa-3263	99	14	frequently	frequently	ADV
cjfa-3263	99	15	applied	apply	VERB
cjfa-3263	99	16	models	model	NOUN
cjfa-3263	99	17	include	include	VERB
cjfa-3263	99	18	the	the	DET
cjfa-3263	99	19	black	black	ADJ
cjfa-3263	99	20	-	-	PUNCT
cjfa-3263	99	21	scholes	schole	NOUN
cjfa-3263	99	22	model	model	NOUN
cjfa-3263	99	23	(	(	PUNCT
cjfa-3263	99	24	a	a	DET
cjfa-3263	99	25	continuous	continuous	ADJ
cjfa-3263	99	26	model	model	NOUN
cjfa-3263	99	27	)	)	PUNCT
cjfa-3263	99	28	and	and	CCONJ
cjfa-3263	99	29	the	the	DET
cjfa-3263	99	30	cox	cox	PROPN
cjfa-3263	99	31	-	-	PUNCT
cjfa-3263	99	32	ross	ross	PROPN
cjfa-3263	99	33	-	-	PROPN
cjfa-3263	99	34	rubinstein	rubinstein	PROPN
cjfa-3263	99	35	option	option	NOUN
cjfa-3263	99	36	pricing	pricing	NOUN
cjfa-3263	99	37	model	model	NOUN
cjfa-3263	99	38	(	(	PUNCT
cjfa-3263	99	39	a	a	DET
cjfa-3263	99	40	binomial	binomial	ADJ
cjfa-3263	99	41	model	model	NOUN
cjfa-3263	99	42	)	)	PUNCT
cjfa-3263	99	43	(	(	PUNCT
cjfa-3263	99	44	amram	amram	NOUN
cjfa-3263	99	45	,	,	PUNCT
cjfa-3263	99	46	kulatilaka	kulatilaka	NOUN
cjfa-3263	99	47	1999	1999	NUM
cjfa-3263	99	48	;	;	PUNCT
cjfa-3263	99	49	brach	brach	PROPN
cjfa-3263	99	50	2002	2002	NUM
cjfa-3263	99	51	;	;	PUNCT
cjfa-3263	99	52	copeland	copeland	PROPN
cjfa-3263	99	53	,	,	PUNCT
cjfa-3263	99	54	anticarov	anticarov	PROPN
cjfa-3263	99	55	2001	2001	NUM
cjfa-3263	99	56	;	;	PUNCT
cjfa-3263	99	57	trigeorgis	trigeorgis	NOUN
cjfa-3263	99	58	1999	1999	NUM
cjfa-3263	99	59	;	;	PUNCT
cjfa-3263	99	60	dziawgo	dziawgo	PROPN
cjfa-3263	99	61	2003	2003	NUM
cjfa-3263	99	62	)	)	PUNCT
cjfa-3263	99	63	.	.	PUNCT
cjfa-3263	100	1	the	the	DET
cjfa-3263	100	2	black	black	ADJ
cjfa-3263	100	3	-	-	PUNCT
cjfa-3263	100	4	scholes	schole	NOUN
cjfa-3263	100	5	model	model	NOUN
cjfa-3263	100	6	assumes	assume	VERB
cjfa-3263	100	7	that	that	SCONJ
cjfa-3263	100	8	the	the	DET
cjfa-3263	100	9	value	value	NOUN
cjfa-3263	100	10	of	of	ADP
cjfa-3263	100	11	the	the	DET
cjfa-3263	100	12	underlying	underlie	VERB
cjfa-3263	100	13	asset	asset	NOUN
cjfa-3263	100	14	changes	change	NOUN
cjfa-3263	100	15	continuously	continuously	ADV
cjfa-3263	100	16	.	.	PUNCT
cjfa-3263	101	1	this	this	DET
cjfa-3263	101	2	model	model	NOUN
cjfa-3263	101	3	is	be	AUX
cjfa-3263	101	4	used	use	VERB
cjfa-3263	101	5	for	for	ADP
cjfa-3263	101	6	european	european	ADJ
cjfa-3263	101	7	-	-	PUNCT
cjfa-3263	101	8	style	style	NOUN
cjfa-3263	101	9	options	option	NOUN
cjfa-3263	101	10	.	.	PUNCT
cjfa-3263	102	1	the	the	DET
cjfa-3263	102	2	value	value	NOUN
cjfa-3263	102	3	of	of	ADP
cjfa-3263	102	4	a	a	DET
cjfa-3263	102	5	real	real	ADJ
cjfa-3263	102	6	call	call	NOUN
cjfa-3263	102	7	option	option	NOUN
cjfa-3263	102	8	derived	derive	VERB
cjfa-3263	102	9	from	from	ADP
cjfa-3263	102	10	the	the	DET
cjfa-3263	102	11	application	application	NOUN
cjfa-3263	102	12	of	of	ADP
cjfa-3263	102	13	the	the	DET
cjfa-3263	102	14	black	black	ADJ
cjfa-3263	102	15	-	-	PUNCT
cjfa-3263	102	16	scholes	schole	NOUN
cjfa-3263	102	17	model	model	NOUN
cjfa-3263	102	18	at	at	ADP
cjfa-3263	102	19	the	the	DET
cjfa-3263	102	20	t	t	PROPN
cjfa-3263	102	21	moment	moment	NOUN
cjfa-3263	102	22	is	be	AUX
cjfa-3263	102	23	:	:	PUNCT
cjfa-3263	102	24	)	)	PUNCT
cjfa-3263	102	25	(	(	PUNCT
cjfa-3263	102	26	)	)	PUNCT
cjfa-3263	102	27	(	(	PUNCT
cjfa-3263	102	28	)	)	PUNCT
cjfa-3263	102	29	(	(	PUNCT
cjfa-3263	102	30	2	2	X
cjfa-3263	102	31	)	)	PUNCT
cjfa-3263	102	32	(	(	PUNCT
cjfa-3263	102	33	1	1	NUM
cjfa-3263	102	34	dneidnvkrov	dneidnvkrov	VERB
cjfa-3263	102	35	ttr	ttr	PROPN
cjfa-3263	102	36	t	t	PROPN
cjfa-3263	102	37			NOUN
cjfa-3263	102	38	(	(	PUNCT
cjfa-3263	102	39	1	1	X
cjfa-3263	102	40	)	)	PUNCT
cjfa-3263	102	41	where	where	SCONJ
cjfa-3263	102	42	:	:	PUNCT
cjfa-3263	102	43	)	)	PUNCT
cjfa-3263	102	44	(	(	PUNCT
cjfa-3263	102	45	krovt	krovt	NOUN
cjfa-3263	102	46	–	–	PUNCT
cjfa-3263	102	47	the	the	DET
cjfa-3263	102	48	value	value	NOUN
cjfa-3263	102	49	of	of	ADP
cjfa-3263	102	50	the	the	DET
cjfa-3263	102	51	call	call	NOUN
cjfa-3263	102	52	real	real	ADJ
cjfa-3263	102	53	option	option	NOUN
cjfa-3263	102	54	at	at	ADP
cjfa-3263	102	55	the	the	DET
cjfa-3263	102	56	time	time	NOUN
cjfa-3263	102	57	t	t	PROPN
cjfa-3263	102	58	,	,	PUNCT
cjfa-3263	102	59	v	v	INTJ
cjfa-3263	102	60	–	–	PUNCT
cjfa-3263	102	61	the	the	DET
cjfa-3263	102	62	current	current	ADJ
cjfa-3263	102	63	value	value	NOUN
cjfa-3263	102	64	of	of	ADP
cjfa-3263	102	65	the	the	DET
cjfa-3263	102	66	cash	cash	NOUN
cjfa-3263	102	67	flows	flow	NOUN
cjfa-3263	102	68	generated	generate	VERB
cjfa-3263	102	69	by	by	ADP
cjfa-3263	102	70	the	the	DET
cjfa-3263	102	71	investment	investment	NOUN
cjfa-3263	102	72	,	,	PUNCT
cjfa-3263	102	73	r	r	NOUN
cjfa-3263	102	74	–	–	PUNCT
cjfa-3263	102	75	risk	risk	NOUN
cjfa-3263	102	76	-	-	PUNCT
cjfa-3263	102	77	free	free	ADJ
cjfa-3263	102	78	interest	interest	NOUN
cjfa-3263	102	79	rate	rate	NOUN
cjfa-3263	102	80	,	,	PUNCT
cjfa-3263	102	81	i	i	PRON
cjfa-3263	102	82	–	–	PUNCT
cjfa-3263	102	83	the	the	DET
cjfa-3263	102	84	current	current	ADJ
cjfa-3263	102	85	value	value	NOUN
cjfa-3263	102	86	of	of	ADP
cjfa-3263	102	87	the	the	DET
cjfa-3263	102	88	expenditure	expenditure	NOUN
cjfa-3263	102	89	related	relate	VERB
cjfa-3263	102	90	to	to	ADP
cjfa-3263	102	91	the	the	DET
cjfa-3263	102	92	investment	investment	NOUN
cjfa-3263	102	93	,	,	PUNCT
cjfa-3263	102	94	t	t	PROPN
cjfa-3263	102	95	–	–	PUNCT
cjfa-3263	102	96	time	time	NOUN
cjfa-3263	102	97	to	to	ADP
cjfa-3263	102	98	the	the	DET
cjfa-3263	102	99	option	option	NOUN
cjfa-3263	102	100	expiration	expiration	NOUN
cjfa-3263	102	101	,	,	PUNCT
cjfa-3263	102	102	]	]	X
cjfa-3263	102	103	,	,	PUNCT
cjfa-3263	102	104	0	0	NUM
cjfa-3263	102	105	[	[	PUNCT
cjfa-3263	102	106	tt	tt	PROPN
cjfa-3263	102	107			NOUN
cjfa-3263	102	108	,	,	PUNCT
cjfa-3263	102	109	)	)	PUNCT
cjfa-3263	102	110	(	(	PUNCT
cjfa-3263	102	111	dn	dn	X
cjfa-3263	102	112	–	–	PUNCT
cjfa-3263	102	113	cumulative	cumulative	ADJ
cjfa-3263	102	114	probability	probability	NOUN
cjfa-3263	102	115	function	function	NOUN
cjfa-3263	102	116	for	for	ADP
cjfa-3263	102	117	a	a	DET
cjfa-3263	102	118	standard	standard	ADJ
cjfa-3263	102	119	normal	normal	ADJ
cjfa-3263	102	120	variable	variable	ADJ
cjfa-3263	102	121	distribution	distribution	NOUN
cjfa-3263	102	122	,	,	PUNCT
cjfa-3263	102	123			PROPN
cjfa-3263	102	124	–	–	PUNCT
cjfa-3263	102	125	the	the	DET
cjfa-3263	102	126	coefficient	coefficient	NOUN
cjfa-3263	102	127	of	of	ADP
cjfa-3263	102	128	volatility	volatility	NOUN
cjfa-3263	102	129	of	of	ADP
cjfa-3263	102	130	the	the	DET
cjfa-3263	102	131	cash	cash	NOUN
cjfa-3263	102	132	flows	flow	NOUN
cjfa-3263	102	133	generated	generate	VERB
cjfa-3263	102	134	by	by	ADP
cjfa-3263	102	135	the	the	DET
cjfa-3263	102	136	investment	investment	NOUN
cjfa-3263	102	137	,	,	PUNCT
cjfa-3263	102	138			X
cjfa-3263	102	139			X
cjfa-3263	102	140			VERB
cjfa-3263	102	141			NUM
cjfa-3263	103	1	d	d	NOUN
cjfa-3263	103	2	x	x	PUNCT
cjfa-3263	103	3	dxedn	dxedn	NOUN
cjfa-3263	103	4	2	2	NUM
cjfa-3263	103	5	2	2	NUM
cjfa-3263	103	6	2	2	NUM
cjfa-3263	103	7	1	1	NUM
cjfa-3263	103	8	)	)	PUNCT
cjfa-3263	103	9	(	(	PUNCT
cjfa-3263	103	10			PROPN
cjfa-3263	103	11	,	,	PUNCT
cjfa-3263	103	12			PROPN
cjfa-3263	103	13			PROPN
cjfa-3263	103	14	ttr	ttr	NOUN
cjfa-3263	103	15	i	i	NOUN
cjfa-3263	103	16	v	v	NOUN
cjfa-3263	103	17	d	d	NOUN
cjfa-3263	103	18			NOUN
cjfa-3263	103	19			NOUN
cjfa-3263	103	20			PROPN
cjfa-3263	103	21			PROPN
cjfa-3263	103	22			PROPN
cjfa-3263	103	23			NOUN
cjfa-3263	103	24			NOUN
cjfa-3263	103	25			ADJ
cjfa-3263	103	26	2	2	NUM
cjfa-3263	103	27	ln	ln	NOUN
cjfa-3263	103	28	2	2	NUM
cjfa-3263	103	29	1	1	NUM
cjfa-3263	103	30	,	,	PUNCT
cjfa-3263	103	31	ttdd	ttdd	NOUN
cjfa-3263	103	32			NUM
cjfa-3263	103	33	12	12	ADJ
cjfa-3263	103	34	.	.	PUNCT
cjfa-3263	104	1	the	the	DET
cjfa-3263	104	2	value	value	NOUN
cjfa-3263	104	3	of	of	ADP
cjfa-3263	104	4	the	the	DET
cjfa-3263	104	5	put	put	ADJ
cjfa-3263	104	6	real	real	ADJ
cjfa-3263	104	7	option	option	NOUN
cjfa-3263	104	8	at	at	ADP
cjfa-3263	104	9	the	the	DET
cjfa-3263	104	10	time	time	NOUN
cjfa-3263	104	11	t	t	PROPN
cjfa-3263	104	12	is	be	AUX
cjfa-3263	104	13	:	:	PUNCT
cjfa-3263	104	14	)	)	PUNCT
cjfa-3263	104	15	(	(	PUNCT
cjfa-3263	104	16	)	)	PUNCT
cjfa-3263	104	17	(	(	PUNCT
cjfa-3263	104	18	)	)	PUNCT
cjfa-3263	104	19	(	(	PUNCT
cjfa-3263	104	20	12	12	NUM
cjfa-3263	104	21	)	)	PUNCT
cjfa-3263	104	22	(	(	PUNCT
cjfa-3263	104	23	dnvdneisrov	dnvdneisrov	PROPN
cjfa-3263	104	24	ttr	ttr	PROPN
cjfa-3263	104	25	t	t	PROPN
cjfa-3263	104	26			PROPN
cjfa-3263	104	27			NUM
cjfa-3263	104	28	,	,	PUNCT
cjfa-3263	104	29	(	(	PUNCT
cjfa-3263	104	30	2	2	X
cjfa-3263	104	31	)	)	PUNCT
cjfa-3263	104	32	real	real	ADJ
cjfa-3263	104	33	options	option	NOUN
cjfa-3263	104	34	in	in	ADP
cjfa-3263	104	35	the	the	DET
cjfa-3263	104	36	assessment	assessment	NOUN
cjfa-3263	104	37	of	of	ADP
cjfa-3263	104	38	the	the	DET
cjfa-3263	104	39	company	company	NOUN
cjfa-3263	104	40	’s	’s	PART
cjfa-3263	104	41	…	…	NUM
cjfa-3263	104	42	69	69	NUM
cjfa-3263	104	43	where	where	SCONJ
cjfa-3263	104	44	:	:	PUNCT
cjfa-3263	104	45	will	will	AUX
cjfa-3263	104	46	affect	affect	VERB
cjfa-3263	104	47	taking	take	VERB
cjfa-3263	104	48	professional	professional	ADJ
cjfa-3263	104	49	decisions	decision	NOUN
cjfa-3263	104	50	related	relate	VERB
cjfa-3263	104	51	to	to	ADP
cjfa-3263	104	52	the	the	DET
cjfa-3263	104	53	involvement	involvement	NOUN
cjfa-3263	104	54	of	of	ADP
cjfa-3263	104	55	the	the	DET
cjfa-3263	104	56	appropriate	appropriate	ADJ
cjfa-3263	104	57	production	production	NOUN
cjfa-3263	104	58	capacity	capacity	NOUN
cjfa-3263	104	59	.	.	PUNCT
cjfa-3263	105	1	under	under	ADP
cjfa-3263	105	2	this	this	DET
cjfa-3263	105	3	option	option	NOUN
cjfa-3263	105	4	,	,	PUNCT
cjfa-3263	105	5	you	you	PRON
cjfa-3263	105	6	can	can	AUX
cjfa-3263	105	7	analyse	analyse	VERB
cjfa-3263	105	8	environmental	environmental	ADJ
cjfa-3263	105	9	projects	project	NOUN
cjfa-3263	105	10	aimed	aim	VERB
cjfa-3263	105	11	at	at	ADP
cjfa-3263	105	12	reducing	reduce	VERB
cjfa-3263	105	13	the	the	DET
cjfa-3263	105	14	amount	amount	NOUN
cjfa-3263	105	15	of	of	ADP
cjfa-3263	105	16	waste	waste	NOUN
cjfa-3263	105	17	or	or	CCONJ
cjfa-3263	105	18	increasing	increase	VERB
cjfa-3263	105	19	the	the	DET
cjfa-3263	105	20	level	level	NOUN
cjfa-3263	105	21	of	of	ADP
cjfa-3263	105	22	recycling	recycling	NOUN
cjfa-3263	105	23	of	of	ADP
cjfa-3263	105	24	waste	waste	NOUN
cjfa-3263	105	25	generated	generate	VERB
cjfa-3263	105	26	.	.	PUNCT
cjfa-3263	106	1	exit	exit	NOUN
cjfa-3263	106	2	options	option	NOUN
cjfa-3263	106	3	allow	allow	VERB
cjfa-3263	106	4	you	you	PRON
cjfa-3263	106	5	to	to	PART
cjfa-3263	106	6	withdraw	withdraw	VERB
cjfa-3263	106	7	from	from	ADP
cjfa-3263	106	8	the	the	DET
cjfa-3263	106	9	project	project	NOUN
cjfa-3263	106	10	in	in	ADP
cjfa-3263	106	11	the	the	DET
cjfa-3263	106	12	case	case	NOUN
cjfa-3263	106	13	when	when	SCONJ
cjfa-3263	106	14	there	there	PRON
cjfa-3263	106	15	are	be	VERB
cjfa-3263	106	16	adverse	adverse	ADJ
cjfa-3263	106	17	market	market	NOUN
cjfa-3263	106	18	conditions	condition	NOUN
cjfa-3263	106	19	for	for	ADP
cjfa-3263	106	20	the	the	DET
cjfa-3263	106	21	company	company	NOUN
cjfa-3263	106	22	,	,	PUNCT
cjfa-3263	106	23	or	or	CCONJ
cjfa-3263	106	24	when	when	SCONJ
cjfa-3263	106	25	adverse	adverse	ADJ
cjfa-3263	106	26	results	result	NOUN
cjfa-3263	106	27	of	of	ADP
cjfa-3263	106	28	technical	technical	ADJ
cjfa-3263	106	29	analysis	analysis	NOUN
cjfa-3263	106	30	are	be	AUX
cjfa-3263	106	31	received	receive	VERB
cjfa-3263	106	32	.	.	PUNCT
cjfa-3263	107	1	exit	exit	NOUN
cjfa-3263	107	2	options	option	NOUN
cjfa-3263	107	3	are	be	AUX
cjfa-3263	107	4	put	put	VERB
cjfa-3263	107	5	options	option	NOUN
cjfa-3263	107	6	.	.	PUNCT
cjfa-3263	108	1	the	the	DET
cjfa-3263	108	2	exit	exit	NOUN
cjfa-3263	108	3	option	option	NOUN
cjfa-3263	108	4	often	often	ADV
cjfa-3263	108	5	occurs	occur	VERB
cjfa-3263	108	6	along	along	ADP
cjfa-3263	108	7	with	with	ADP
cjfa-3263	108	8	the	the	DET
cjfa-3263	108	9	growth	growth	NOUN
cjfa-3263	108	10	option	option	NOUN
cjfa-3263	108	11	.	.	PUNCT
cjfa-3263	109	1	examples	example	NOUN
cjfa-3263	109	2	of	of	ADP
cjfa-3263	109	3	environmental	environmental	ADJ
cjfa-3263	109	4	projects	project	NOUN
cjfa-3263	109	5	within	within	ADP
cjfa-3263	109	6	exit	exit	NOUN
cjfa-3263	109	7	options	option	NOUN
cjfa-3263	109	8	include	include	VERB
cjfa-3263	109	9	the	the	DET
cjfa-3263	109	10	following	following	NOUN
cjfa-3263	109	11	:	:	PUNCT
cjfa-3263	109	12	considering	consider	VERB
cjfa-3263	109	13	while	while	SCONJ
cjfa-3263	109	14	buying	buy	VERB
cjfa-3263	109	15	the	the	DET
cjfa-3263	109	16	environmental	environmental	ADJ
cjfa-3263	109	17	attributes	attribute	NOUN
cjfa-3263	109	18	of	of	ADP
cjfa-3263	109	19	the	the	DET
cjfa-3263	109	20	offered	offer	VERB
cjfa-3263	109	21	goods	good	NOUN
cjfa-3263	109	22	,	,	PUNCT
cjfa-3263	109	23	conducting	conduct	VERB
cjfa-3263	109	24	research	research	NOUN
cjfa-3263	109	25	and	and	CCONJ
cjfa-3263	109	26	development	development	NOUN
cjfa-3263	109	27	activity	activity	NOUN
cjfa-3263	109	28	in	in	ADP
cjfa-3263	109	29	the	the	DET
cjfa-3263	109	30	area	area	NOUN
cjfa-3263	109	31	of	of	ADP
cjfa-3263	109	32	sourcing	source	VERB
cjfa-3263	109	33	recycled	recycle	VERB
cjfa-3263	109	34	materials	material	NOUN
cjfa-3263	109	35	,	,	PUNCT
cjfa-3263	109	36	conducting	conduct	VERB
cjfa-3263	109	37	research	research	NOUN
cjfa-3263	109	38	in	in	ADP
cjfa-3263	109	39	the	the	DET
cjfa-3263	109	40	area	area	NOUN
cjfa-3263	109	41	of	of	ADP
cjfa-3263	109	42	attracting	attract	VERB
cjfa-3263	109	43	new	new	ADJ
cjfa-3263	109	44	sources	source	NOUN
cjfa-3263	109	45	of	of	ADP
cjfa-3263	109	46	raw	raw	ADJ
cjfa-3263	109	47	materials	material	NOUN
cjfa-3263	109	48	,	,	PUNCT
cjfa-3263	109	49	participating	participate	VERB
cjfa-3263	109	50	in	in	ADP
cjfa-3263	109	51	the	the	DET
cjfa-3263	109	52	transfer	transfer	NOUN
cjfa-3263	109	53	of	of	ADP
cjfa-3263	109	54	techniques	technique	NOUN
cjfa-3263	109	55	and	and	CCONJ
cjfa-3263	109	56	environmental	environmental	ADJ
cjfa-3263	109	57	technologies	technology	NOUN
cjfa-3263	109	58	.	.	PUNCT
cjfa-3263	110	1	pricing	pricing	NOUN
cjfa-3263	110	2	model	model	NOUN
cjfa-3263	110	3	of	of	ADP
cjfa-3263	110	4	the	the	DET
cjfa-3263	110	5	real	real	ADJ
cjfa-3263	110	6	options	option	NOUN
cjfa-3263	110	7	in	in	ADP
cjfa-3263	110	8	pricing	pricing	NOUN
cjfa-3263	110	9	of	of	ADP
cjfa-3263	110	10	real	real	ADJ
cjfa-3263	110	11	options	option	NOUN
cjfa-3263	110	12	the	the	DET
cjfa-3263	110	13	most	most	ADV
cjfa-3263	110	14	frequently	frequently	ADV
cjfa-3263	110	15	applied	apply	VERB
cjfa-3263	110	16	models	model	NOUN
cjfa-3263	110	17	include	include	VERB
cjfa-3263	110	18	the	the	DET
cjfa-3263	110	19	black	black	ADJ
cjfa-3263	110	20	-	-	PUNCT
cjfa-3263	110	21	scholes	schole	NOUN
cjfa-3263	110	22	model	model	NOUN
cjfa-3263	110	23	(	(	PUNCT
cjfa-3263	110	24	a	a	DET
cjfa-3263	110	25	continuous	continuous	ADJ
cjfa-3263	110	26	model	model	NOUN
cjfa-3263	110	27	)	)	PUNCT
cjfa-3263	110	28	and	and	CCONJ
cjfa-3263	110	29	the	the	DET
cjfa-3263	110	30	cox	cox	PROPN
cjfa-3263	110	31	-	-	PUNCT
cjfa-3263	110	32	ross	ross	PROPN
cjfa-3263	110	33	-	-	PROPN
cjfa-3263	110	34	rubinstein	rubinstein	PROPN
cjfa-3263	110	35	option	option	NOUN
cjfa-3263	110	36	pricing	pricing	NOUN
cjfa-3263	110	37	model	model	NOUN
cjfa-3263	110	38	(	(	PUNCT
cjfa-3263	110	39	a	a	DET
cjfa-3263	110	40	binomial	binomial	ADJ
cjfa-3263	110	41	model	model	NOUN
cjfa-3263	110	42	)	)	PUNCT
cjfa-3263	110	43	(	(	PUNCT
cjfa-3263	110	44	amram	amram	NOUN
cjfa-3263	110	45	,	,	PUNCT
cjfa-3263	110	46	kulatilaka	kulatilaka	NOUN
cjfa-3263	110	47	1999	1999	NUM
cjfa-3263	110	48	;	;	PUNCT
cjfa-3263	110	49	brach	brach	PROPN
cjfa-3263	110	50	2002	2002	NUM
cjfa-3263	110	51	;	;	PUNCT
cjfa-3263	110	52	copeland	copeland	PROPN
cjfa-3263	110	53	,	,	PUNCT
cjfa-3263	110	54	anticarov	anticarov	PROPN
cjfa-3263	110	55	2001	2001	NUM
cjfa-3263	110	56	;	;	PUNCT
cjfa-3263	110	57	trigeorgis	trigeorgis	NOUN
cjfa-3263	110	58	1999	1999	NUM
cjfa-3263	110	59	;	;	PUNCT
cjfa-3263	110	60	dziawgo	dziawgo	PROPN
cjfa-3263	110	61	2003	2003	NUM
cjfa-3263	110	62	)	)	PUNCT
cjfa-3263	110	63	.	.	PUNCT
cjfa-3263	111	1	the	the	DET
cjfa-3263	111	2	black	black	ADJ
cjfa-3263	111	3	-	-	PUNCT
cjfa-3263	111	4	scholes	schole	NOUN
cjfa-3263	111	5	model	model	NOUN
cjfa-3263	111	6	assumes	assume	VERB
cjfa-3263	111	7	that	that	SCONJ
cjfa-3263	111	8	the	the	DET
cjfa-3263	111	9	value	value	NOUN
cjfa-3263	111	10	of	of	ADP
cjfa-3263	111	11	the	the	DET
cjfa-3263	111	12	underlying	underlie	VERB
cjfa-3263	111	13	asset	asset	NOUN
cjfa-3263	111	14	changes	change	NOUN
cjfa-3263	111	15	continuously	continuously	ADV
cjfa-3263	111	16	.	.	PUNCT
cjfa-3263	112	1	this	this	DET
cjfa-3263	112	2	model	model	NOUN
cjfa-3263	112	3	is	be	AUX
cjfa-3263	112	4	used	use	VERB
cjfa-3263	112	5	for	for	ADP
cjfa-3263	112	6	european	european	ADJ
cjfa-3263	112	7	-	-	PUNCT
cjfa-3263	112	8	style	style	NOUN
cjfa-3263	112	9	options	option	NOUN
cjfa-3263	112	10	.	.	PUNCT
cjfa-3263	113	1	the	the	DET
cjfa-3263	113	2	value	value	NOUN
cjfa-3263	113	3	of	of	ADP
cjfa-3263	113	4	a	a	DET
cjfa-3263	113	5	real	real	ADJ
cjfa-3263	113	6	call	call	NOUN
cjfa-3263	113	7	option	option	NOUN
cjfa-3263	113	8	derived	derive	VERB
cjfa-3263	113	9	from	from	ADP
cjfa-3263	113	10	the	the	DET
cjfa-3263	113	11	application	application	NOUN
cjfa-3263	113	12	of	of	ADP
cjfa-3263	113	13	the	the	DET
cjfa-3263	113	14	black	black	ADJ
cjfa-3263	113	15	-	-	PUNCT
cjfa-3263	113	16	scholes	schole	NOUN
cjfa-3263	113	17	model	model	NOUN
cjfa-3263	113	18	at	at	ADP
cjfa-3263	113	19	the	the	DET
cjfa-3263	113	20	t	t	PROPN
cjfa-3263	113	21	moment	moment	NOUN
cjfa-3263	113	22	is	be	AUX
cjfa-3263	113	23	:	:	PUNCT
cjfa-3263	113	24	)	)	PUNCT
cjfa-3263	113	25	(	(	PUNCT
cjfa-3263	113	26	)	)	PUNCT
cjfa-3263	113	27	(	(	PUNCT
cjfa-3263	113	28	)	)	PUNCT
cjfa-3263	113	29	(	(	PUNCT
cjfa-3263	113	30	2	2	X
cjfa-3263	113	31	)	)	PUNCT
cjfa-3263	113	32	(	(	PUNCT
cjfa-3263	113	33	1	1	NUM
cjfa-3263	113	34	dneidnvkrov	dneidnvkrov	VERB
cjfa-3263	113	35	ttr	ttr	PROPN
cjfa-3263	113	36	t	t	PROPN
cjfa-3263	113	37			NOUN
cjfa-3263	113	38	(	(	PUNCT
cjfa-3263	113	39	1	1	X
cjfa-3263	113	40	)	)	PUNCT
cjfa-3263	113	41	where	where	SCONJ
cjfa-3263	113	42	:	:	PUNCT
cjfa-3263	113	43	)	)	PUNCT
cjfa-3263	113	44	(	(	PUNCT
cjfa-3263	113	45	krovt	krovt	NOUN
cjfa-3263	113	46	–	–	PUNCT
cjfa-3263	113	47	the	the	DET
cjfa-3263	113	48	value	value	NOUN
cjfa-3263	113	49	of	of	ADP
cjfa-3263	113	50	the	the	DET
cjfa-3263	113	51	call	call	NOUN
cjfa-3263	113	52	real	real	ADJ
cjfa-3263	113	53	option	option	NOUN
cjfa-3263	113	54	at	at	ADP
cjfa-3263	113	55	the	the	DET
cjfa-3263	113	56	time	time	NOUN
cjfa-3263	113	57	t	t	PROPN
cjfa-3263	113	58	,	,	PUNCT
cjfa-3263	113	59	v	v	INTJ
cjfa-3263	113	60	–	–	PUNCT
cjfa-3263	113	61	the	the	DET
cjfa-3263	113	62	current	current	ADJ
cjfa-3263	113	63	value	value	NOUN
cjfa-3263	113	64	of	of	ADP
cjfa-3263	113	65	the	the	DET
cjfa-3263	113	66	cash	cash	NOUN
cjfa-3263	113	67	flows	flow	NOUN
cjfa-3263	113	68	generated	generate	VERB
cjfa-3263	113	69	by	by	ADP
cjfa-3263	113	70	the	the	DET
cjfa-3263	113	71	investment	investment	NOUN
cjfa-3263	113	72	,	,	PUNCT
cjfa-3263	113	73	r	r	NOUN
cjfa-3263	113	74	–	–	PUNCT
cjfa-3263	113	75	risk	risk	NOUN
cjfa-3263	113	76	-	-	PUNCT
cjfa-3263	113	77	free	free	ADJ
cjfa-3263	113	78	interest	interest	NOUN
cjfa-3263	113	79	rate	rate	NOUN
cjfa-3263	113	80	,	,	PUNCT
cjfa-3263	113	81	i	i	PRON
cjfa-3263	113	82	–	–	PUNCT
cjfa-3263	113	83	the	the	DET
cjfa-3263	113	84	current	current	ADJ
cjfa-3263	113	85	value	value	NOUN
cjfa-3263	113	86	of	of	ADP
cjfa-3263	113	87	the	the	DET
cjfa-3263	113	88	expenditure	expenditure	NOUN
cjfa-3263	113	89	related	relate	VERB
cjfa-3263	113	90	to	to	ADP
cjfa-3263	113	91	the	the	DET
cjfa-3263	113	92	investment	investment	NOUN
cjfa-3263	113	93	,	,	PUNCT
cjfa-3263	113	94	t	t	PROPN
cjfa-3263	113	95	–	–	PUNCT
cjfa-3263	113	96	time	time	NOUN
cjfa-3263	113	97	to	to	ADP
cjfa-3263	113	98	the	the	DET
cjfa-3263	113	99	option	option	NOUN
cjfa-3263	113	100	expiration	expiration	NOUN
cjfa-3263	113	101	,	,	PUNCT
cjfa-3263	113	102	]	]	X
cjfa-3263	113	103	,	,	PUNCT
cjfa-3263	113	104	0	0	NUM
cjfa-3263	113	105	[	[	PUNCT
cjfa-3263	113	106	tt	tt	PROPN
cjfa-3263	113	107			NOUN
cjfa-3263	113	108	,	,	PUNCT
cjfa-3263	113	109	)	)	PUNCT
cjfa-3263	113	110	(	(	PUNCT
cjfa-3263	113	111	dn	dn	X
cjfa-3263	113	112	–	–	PUNCT
cjfa-3263	113	113	cumulative	cumulative	ADJ
cjfa-3263	113	114	probability	probability	NOUN
cjfa-3263	113	115	function	function	NOUN
cjfa-3263	113	116	for	for	ADP
cjfa-3263	113	117	a	a	DET
cjfa-3263	113	118	standard	standard	ADJ
cjfa-3263	113	119	normal	normal	ADJ
cjfa-3263	113	120	variable	variable	ADJ
cjfa-3263	113	121	distribution	distribution	NOUN
cjfa-3263	113	122	,	,	PUNCT
cjfa-3263	113	123			PROPN
cjfa-3263	113	124	–	–	PUNCT
cjfa-3263	113	125	the	the	DET
cjfa-3263	113	126	coefficient	coefficient	NOUN
cjfa-3263	113	127	of	of	ADP
cjfa-3263	113	128	volatility	volatility	NOUN
cjfa-3263	113	129	of	of	ADP
cjfa-3263	113	130	the	the	DET
cjfa-3263	113	131	cash	cash	NOUN
cjfa-3263	113	132	flows	flow	NOUN
cjfa-3263	113	133	generated	generate	VERB
cjfa-3263	113	134	by	by	ADP
cjfa-3263	113	135	the	the	DET
cjfa-3263	113	136	investment	investment	NOUN
cjfa-3263	113	137	,	,	PUNCT
cjfa-3263	113	138			X
cjfa-3263	113	139			X
cjfa-3263	113	140			VERB
cjfa-3263	113	141			NUM
cjfa-3263	114	1	d	d	NOUN
cjfa-3263	114	2	x	x	PUNCT
cjfa-3263	114	3	dxedn	dxedn	NOUN
cjfa-3263	114	4	2	2	NUM
cjfa-3263	114	5	2	2	NUM
cjfa-3263	114	6	2	2	NUM
cjfa-3263	114	7	1	1	NUM
cjfa-3263	114	8	)	)	PUNCT
cjfa-3263	114	9	(	(	PUNCT
cjfa-3263	114	10			PROPN
cjfa-3263	114	11	,	,	PUNCT
cjfa-3263	114	12			PROPN
cjfa-3263	114	13			PROPN
cjfa-3263	114	14	ttr	ttr	NOUN
cjfa-3263	114	15	i	i	NOUN
cjfa-3263	114	16	v	v	NOUN
cjfa-3263	114	17	d	d	NOUN
cjfa-3263	114	18			NOUN
cjfa-3263	114	19			NOUN
cjfa-3263	114	20			PROPN
cjfa-3263	114	21			PROPN
cjfa-3263	114	22			PROPN
cjfa-3263	114	23			NOUN
cjfa-3263	114	24			NOUN
cjfa-3263	114	25			ADJ
cjfa-3263	114	26	2	2	NUM
cjfa-3263	114	27	ln	ln	NOUN
cjfa-3263	114	28	2	2	NUM
cjfa-3263	114	29	1	1	NUM
cjfa-3263	114	30	,	,	PUNCT
cjfa-3263	114	31	ttdd	ttdd	NOUN
cjfa-3263	114	32			NUM
cjfa-3263	114	33	12	12	ADJ
cjfa-3263	114	34	.	.	PUNCT
cjfa-3263	115	1	the	the	DET
cjfa-3263	115	2	value	value	NOUN
cjfa-3263	115	3	of	of	ADP
cjfa-3263	115	4	the	the	DET
cjfa-3263	115	5	put	put	ADJ
cjfa-3263	115	6	real	real	ADJ
cjfa-3263	115	7	option	option	NOUN
cjfa-3263	115	8	at	at	ADP
cjfa-3263	115	9	the	the	DET
cjfa-3263	115	10	time	time	NOUN
cjfa-3263	115	11	t	t	PROPN
cjfa-3263	115	12	is	be	AUX
cjfa-3263	115	13	:	:	PUNCT
cjfa-3263	115	14	)	)	PUNCT
cjfa-3263	115	15	(	(	PUNCT
cjfa-3263	115	16	)	)	PUNCT
cjfa-3263	115	17	(	(	PUNCT
cjfa-3263	115	18	)	)	PUNCT
cjfa-3263	115	19	(	(	PUNCT
cjfa-3263	115	20	12	12	NUM
cjfa-3263	115	21	)	)	PUNCT
cjfa-3263	115	22	(	(	PUNCT
cjfa-3263	115	23	dnvdneisrov	dnvdneisrov	PROPN
cjfa-3263	115	24	ttr	ttr	PROPN
cjfa-3263	115	25	t	t	PROPN
cjfa-3263	115	26			PROPN
cjfa-3263	115	27			NUM
cjfa-3263	115	28	,	,	PUNCT
cjfa-3263	115	29	(	(	PUNCT
cjfa-3263	115	30	2	2	NUM
cjfa-3263	115	31	)	)	PUNCT
cjfa-3263	115	32	–	–	PUNCT
cjfa-3263	115	33	the	the	DET
cjfa-3263	115	34	value	value	NOUN
cjfa-3263	115	35	of	of	ADP
cjfa-3263	115	36	the	the	DET
cjfa-3263	115	37	call	call	NOUN
cjfa-3263	115	38	real	real	ADJ
cjfa-3263	115	39	option	option	NOUN
cjfa-3263	115	40	at	at	ADP
cjfa-3263	115	41	the	the	DET
cjfa-3263	115	42	time	time	NOUN
cjfa-3263	115	43	,	,	PUNCT
cjfa-3263	115	44	v	v	INTJ
cjfa-3263	115	45	–	–	PUNCT
cjfa-3263	115	46	the	the	DET
cjfa-3263	115	47	current	current	ADJ
cjfa-3263	115	48	value	value	NOUN
cjfa-3263	115	49	of	of	ADP
cjfa-3263	115	50	the	the	DET
cjfa-3263	115	51	cash	cash	NOUN
cjfa-3263	115	52	flows	flow	NOUN
cjfa-3263	115	53	generated	generate	VERB
cjfa-3263	115	54	by	by	ADP
cjfa-3263	115	55	the	the	DET
cjfa-3263	115	56	investment	investment	NOUN
cjfa-3263	115	57	,	,	PUNCT
cjfa-3263	115	58	r	r	NOUN
cjfa-3263	115	59	–	–	PUNCT
cjfa-3263	115	60	risk	risk	NOUN
cjfa-3263	115	61	-	-	PUNCT
cjfa-3263	115	62	free	free	ADJ
cjfa-3263	115	63	interest	interest	NOUN
cjfa-3263	115	64	rate	rate	NOUN
cjfa-3263	115	65	,	,	PUNCT
cjfa-3263	115	66	i	i	PRON
cjfa-3263	115	67	–	–	PUNCT
cjfa-3263	115	68	the	the	DET
cjfa-3263	115	69	current	current	ADJ
cjfa-3263	115	70	value	value	NOUN
cjfa-3263	115	71	of	of	ADP
cjfa-3263	115	72	the	the	DET
cjfa-3263	115	73	expenditure	expenditure	NOUN
cjfa-3263	115	74	related	relate	VERB
cjfa-3263	115	75	to	to	ADP
cjfa-3263	115	76	the	the	DET
cjfa-3263	115	77	investment	investment	NOUN
cjfa-3263	115	78	,	,	PUNCT
cjfa-3263	115	79	t	t	PROPN
cjfa-3263	115	80	–	–	PUNCT
cjfa-3263	115	81	time	time	NOUN
cjfa-3263	115	82	to	to	ADP
cjfa-3263	115	83	the	the	DET
cjfa-3263	115	84	option	option	NOUN
cjfa-3263	115	85	expiration	expiration	NOUN
cjfa-3263	115	86	,	,	PUNCT
cjfa-3263	115	87	will	will	AUX
cjfa-3263	115	88	affect	affect	VERB
cjfa-3263	115	89	taking	take	VERB
cjfa-3263	115	90	professional	professional	ADJ
cjfa-3263	115	91	decisions	decision	NOUN
cjfa-3263	115	92	related	relate	VERB
cjfa-3263	115	93	to	to	ADP
cjfa-3263	115	94	the	the	DET
cjfa-3263	115	95	involvement	involvement	NOUN
cjfa-3263	115	96	of	of	ADP
cjfa-3263	115	97	the	the	DET
cjfa-3263	115	98	appropriate	appropriate	ADJ
cjfa-3263	115	99	production	production	NOUN
cjfa-3263	115	100	capacity	capacity	NOUN
cjfa-3263	115	101	.	.	PUNCT
cjfa-3263	116	1	under	under	ADP
cjfa-3263	116	2	this	this	DET
cjfa-3263	116	3	option	option	NOUN
cjfa-3263	116	4	,	,	PUNCT
cjfa-3263	116	5	you	you	PRON
cjfa-3263	116	6	can	can	AUX
cjfa-3263	116	7	analyse	analyse	VERB
cjfa-3263	116	8	environmental	environmental	ADJ
cjfa-3263	116	9	projects	project	NOUN
cjfa-3263	116	10	aimed	aim	VERB
cjfa-3263	116	11	at	at	ADP
cjfa-3263	116	12	reducing	reduce	VERB
cjfa-3263	116	13	the	the	DET
cjfa-3263	116	14	amount	amount	NOUN
cjfa-3263	116	15	of	of	ADP
cjfa-3263	116	16	waste	waste	NOUN
cjfa-3263	116	17	or	or	CCONJ
cjfa-3263	116	18	increasing	increase	VERB
cjfa-3263	116	19	the	the	DET
cjfa-3263	116	20	level	level	NOUN
cjfa-3263	116	21	of	of	ADP
cjfa-3263	116	22	recycling	recycling	NOUN
cjfa-3263	116	23	of	of	ADP
cjfa-3263	116	24	waste	waste	NOUN
cjfa-3263	116	25	generated	generate	VERB
cjfa-3263	116	26	.	.	PUNCT
cjfa-3263	117	1	exit	exit	NOUN
cjfa-3263	117	2	options	option	NOUN
cjfa-3263	117	3	allow	allow	VERB
cjfa-3263	117	4	you	you	PRON
cjfa-3263	117	5	to	to	PART
cjfa-3263	117	6	withdraw	withdraw	VERB
cjfa-3263	117	7	from	from	ADP
cjfa-3263	117	8	the	the	DET
cjfa-3263	117	9	project	project	NOUN
cjfa-3263	117	10	in	in	ADP
cjfa-3263	117	11	the	the	DET
cjfa-3263	117	12	case	case	NOUN
cjfa-3263	117	13	when	when	SCONJ
cjfa-3263	117	14	there	there	PRON
cjfa-3263	117	15	are	be	VERB
cjfa-3263	117	16	adverse	adverse	ADJ
cjfa-3263	117	17	market	market	NOUN
cjfa-3263	117	18	conditions	condition	NOUN
cjfa-3263	117	19	for	for	ADP
cjfa-3263	117	20	the	the	DET
cjfa-3263	117	21	company	company	NOUN
cjfa-3263	117	22	,	,	PUNCT
cjfa-3263	117	23	or	or	CCONJ
cjfa-3263	117	24	when	when	SCONJ
cjfa-3263	117	25	adverse	adverse	ADJ
cjfa-3263	117	26	results	result	NOUN
cjfa-3263	117	27	of	of	ADP
cjfa-3263	117	28	technical	technical	ADJ
cjfa-3263	117	29	analysis	analysis	NOUN
cjfa-3263	117	30	are	be	AUX
cjfa-3263	117	31	received	receive	VERB
cjfa-3263	117	32	.	.	PUNCT
cjfa-3263	118	1	exit	exit	NOUN
cjfa-3263	118	2	options	option	NOUN
cjfa-3263	118	3	are	be	AUX
cjfa-3263	118	4	put	put	VERB
cjfa-3263	118	5	options	option	NOUN
cjfa-3263	118	6	.	.	PUNCT
cjfa-3263	119	1	the	the	DET
cjfa-3263	119	2	exit	exit	NOUN
cjfa-3263	119	3	option	option	NOUN
cjfa-3263	119	4	often	often	ADV
cjfa-3263	119	5	occurs	occur	VERB
cjfa-3263	119	6	along	along	ADP
cjfa-3263	119	7	with	with	ADP
cjfa-3263	119	8	the	the	DET
cjfa-3263	119	9	growth	growth	NOUN
cjfa-3263	119	10	option	option	NOUN
cjfa-3263	119	11	.	.	PUNCT
cjfa-3263	120	1	examples	example	NOUN
cjfa-3263	120	2	of	of	ADP
cjfa-3263	120	3	environmental	environmental	ADJ
cjfa-3263	120	4	projects	project	NOUN
cjfa-3263	120	5	within	within	ADP
cjfa-3263	120	6	exit	exit	NOUN
cjfa-3263	120	7	options	option	NOUN
cjfa-3263	120	8	include	include	VERB
cjfa-3263	120	9	the	the	DET
cjfa-3263	120	10	following	following	NOUN
cjfa-3263	120	11	:	:	PUNCT
cjfa-3263	120	12	considering	consider	VERB
cjfa-3263	120	13	while	while	SCONJ
cjfa-3263	120	14	buying	buy	VERB
cjfa-3263	120	15	the	the	DET
cjfa-3263	120	16	environmental	environmental	ADJ
cjfa-3263	120	17	attributes	attribute	NOUN
cjfa-3263	120	18	of	of	ADP
cjfa-3263	120	19	the	the	DET
cjfa-3263	120	20	offered	offer	VERB
cjfa-3263	120	21	goods	good	NOUN
cjfa-3263	120	22	,	,	PUNCT
cjfa-3263	120	23	conducting	conduct	VERB
cjfa-3263	120	24	research	research	NOUN
cjfa-3263	120	25	and	and	CCONJ
cjfa-3263	120	26	development	development	NOUN
cjfa-3263	120	27	activity	activity	NOUN
cjfa-3263	120	28	in	in	ADP
cjfa-3263	120	29	the	the	DET
cjfa-3263	120	30	area	area	NOUN
cjfa-3263	120	31	of	of	ADP
cjfa-3263	120	32	sourcing	source	VERB
cjfa-3263	120	33	recycled	recycle	VERB
cjfa-3263	120	34	materials	material	NOUN
cjfa-3263	120	35	,	,	PUNCT
cjfa-3263	120	36	conducting	conduct	VERB
cjfa-3263	120	37	research	research	NOUN
cjfa-3263	120	38	in	in	ADP
cjfa-3263	120	39	the	the	DET
cjfa-3263	120	40	area	area	NOUN
cjfa-3263	120	41	of	of	ADP
cjfa-3263	120	42	attracting	attract	VERB
cjfa-3263	120	43	new	new	ADJ
cjfa-3263	120	44	sources	source	NOUN
cjfa-3263	120	45	of	of	ADP
cjfa-3263	120	46	raw	raw	ADJ
cjfa-3263	120	47	materials	material	NOUN
cjfa-3263	120	48	,	,	PUNCT
cjfa-3263	120	49	participating	participate	VERB
cjfa-3263	120	50	in	in	ADP
cjfa-3263	120	51	the	the	DET
cjfa-3263	120	52	transfer	transfer	NOUN
cjfa-3263	120	53	of	of	ADP
cjfa-3263	120	54	techniques	technique	NOUN
cjfa-3263	120	55	and	and	CCONJ
cjfa-3263	120	56	environmental	environmental	ADJ
cjfa-3263	120	57	technologies	technology	NOUN
cjfa-3263	120	58	.	.	PUNCT
cjfa-3263	121	1	pricing	pricing	NOUN
cjfa-3263	121	2	model	model	NOUN
cjfa-3263	121	3	of	of	ADP
cjfa-3263	121	4	the	the	DET
cjfa-3263	121	5	real	real	ADJ
cjfa-3263	121	6	options	option	NOUN
cjfa-3263	121	7	in	in	ADP
cjfa-3263	121	8	pricing	pricing	NOUN
cjfa-3263	121	9	of	of	ADP
cjfa-3263	121	10	real	real	ADJ
cjfa-3263	121	11	options	option	NOUN
cjfa-3263	121	12	the	the	DET
cjfa-3263	121	13	most	most	ADV
cjfa-3263	121	14	frequently	frequently	ADV
cjfa-3263	121	15	applied	apply	VERB
cjfa-3263	121	16	models	model	NOUN
cjfa-3263	121	17	include	include	VERB
cjfa-3263	121	18	the	the	DET
cjfa-3263	121	19	black	black	ADJ
cjfa-3263	121	20	-	-	PUNCT
cjfa-3263	121	21	scholes	schole	NOUN
cjfa-3263	121	22	model	model	NOUN
cjfa-3263	121	23	(	(	PUNCT
cjfa-3263	121	24	a	a	DET
cjfa-3263	121	25	continuous	continuous	ADJ
cjfa-3263	121	26	model	model	NOUN
cjfa-3263	121	27	)	)	PUNCT
cjfa-3263	121	28	and	and	CCONJ
cjfa-3263	121	29	the	the	DET
cjfa-3263	121	30	cox	cox	PROPN
cjfa-3263	121	31	-	-	PUNCT
cjfa-3263	121	32	ross	ross	PROPN
cjfa-3263	121	33	-	-	PROPN
cjfa-3263	121	34	rubinstein	rubinstein	PROPN
cjfa-3263	121	35	option	option	NOUN
cjfa-3263	121	36	pricing	pricing	NOUN
cjfa-3263	121	37	model	model	NOUN
cjfa-3263	121	38	(	(	PUNCT
cjfa-3263	121	39	a	a	DET
cjfa-3263	121	40	binomial	binomial	ADJ
cjfa-3263	121	41	model	model	NOUN
cjfa-3263	121	42	)	)	PUNCT
cjfa-3263	121	43	(	(	PUNCT
cjfa-3263	121	44	amram	amram	NOUN
cjfa-3263	121	45	,	,	PUNCT
cjfa-3263	121	46	kulatilaka	kulatilaka	NOUN
cjfa-3263	121	47	1999	1999	NUM
cjfa-3263	121	48	;	;	PUNCT
cjfa-3263	121	49	brach	brach	PROPN
cjfa-3263	121	50	2002	2002	NUM
cjfa-3263	121	51	;	;	PUNCT
cjfa-3263	121	52	copeland	copeland	PROPN
cjfa-3263	121	53	,	,	PUNCT
cjfa-3263	121	54	anticarov	anticarov	PROPN
cjfa-3263	121	55	2001	2001	NUM
cjfa-3263	121	56	;	;	PUNCT
cjfa-3263	121	57	trigeorgis	trigeorgis	NOUN
cjfa-3263	121	58	1999	1999	NUM
cjfa-3263	121	59	;	;	PUNCT
cjfa-3263	121	60	dziawgo	dziawgo	PROPN
cjfa-3263	121	61	2003	2003	NUM
cjfa-3263	121	62	)	)	PUNCT
cjfa-3263	121	63	.	.	PUNCT
cjfa-3263	122	1	the	the	DET
cjfa-3263	122	2	black	black	ADJ
cjfa-3263	122	3	-	-	PUNCT
cjfa-3263	122	4	scholes	schole	NOUN
cjfa-3263	122	5	model	model	NOUN
cjfa-3263	122	6	assumes	assume	VERB
cjfa-3263	122	7	that	that	SCONJ
cjfa-3263	122	8	the	the	DET
cjfa-3263	122	9	value	value	NOUN
cjfa-3263	122	10	of	of	ADP
cjfa-3263	122	11	the	the	DET
cjfa-3263	122	12	underlying	underlie	VERB
cjfa-3263	122	13	asset	asset	NOUN
cjfa-3263	122	14	changes	change	NOUN
cjfa-3263	122	15	continuously	continuously	ADV
cjfa-3263	122	16	.	.	PUNCT
cjfa-3263	123	1	this	this	DET
cjfa-3263	123	2	model	model	NOUN
cjfa-3263	123	3	is	be	AUX
cjfa-3263	123	4	used	use	VERB
cjfa-3263	123	5	for	for	ADP
cjfa-3263	123	6	european	european	ADJ
cjfa-3263	123	7	-	-	PUNCT
cjfa-3263	123	8	style	style	NOUN
cjfa-3263	123	9	options	option	NOUN
cjfa-3263	123	10	.	.	PUNCT
cjfa-3263	124	1	the	the	DET
cjfa-3263	124	2	value	value	NOUN
cjfa-3263	124	3	of	of	ADP
cjfa-3263	124	4	a	a	DET
cjfa-3263	124	5	real	real	ADJ
cjfa-3263	124	6	call	call	NOUN
cjfa-3263	124	7	option	option	NOUN
cjfa-3263	124	8	derived	derive	VERB
cjfa-3263	124	9	from	from	ADP
cjfa-3263	124	10	the	the	DET
cjfa-3263	124	11	application	application	NOUN
cjfa-3263	124	12	of	of	ADP
cjfa-3263	124	13	the	the	DET
cjfa-3263	124	14	black	black	ADJ
cjfa-3263	124	15	-	-	PUNCT
cjfa-3263	124	16	scholes	schole	NOUN
cjfa-3263	124	17	model	model	NOUN
cjfa-3263	124	18	at	at	ADP
cjfa-3263	124	19	the	the	DET
cjfa-3263	124	20	t	t	PROPN
cjfa-3263	124	21	moment	moment	NOUN
cjfa-3263	124	22	is	be	AUX
cjfa-3263	124	23	:	:	PUNCT
cjfa-3263	124	24	)	)	PUNCT
cjfa-3263	124	25	(	(	PUNCT
cjfa-3263	124	26	)	)	PUNCT
cjfa-3263	124	27	(	(	PUNCT
cjfa-3263	124	28	)	)	PUNCT
cjfa-3263	124	29	(	(	PUNCT
cjfa-3263	124	30	2	2	X
cjfa-3263	124	31	)	)	PUNCT
cjfa-3263	124	32	(	(	PUNCT
cjfa-3263	124	33	1	1	NUM
cjfa-3263	124	34	dneidnvkrov	dneidnvkrov	VERB
cjfa-3263	124	35	ttr	ttr	PROPN
cjfa-3263	124	36	t	t	PROPN
cjfa-3263	124	37			NOUN
cjfa-3263	124	38	(	(	PUNCT
cjfa-3263	124	39	1	1	X
cjfa-3263	124	40	)	)	PUNCT
cjfa-3263	124	41	where	where	SCONJ
cjfa-3263	124	42	:	:	PUNCT
cjfa-3263	124	43	)	)	PUNCT
cjfa-3263	124	44	(	(	PUNCT
cjfa-3263	124	45	krovt	krovt	NOUN
cjfa-3263	124	46	–	–	PUNCT
cjfa-3263	124	47	the	the	DET
cjfa-3263	124	48	value	value	NOUN
cjfa-3263	124	49	of	of	ADP
cjfa-3263	124	50	the	the	DET
cjfa-3263	124	51	call	call	NOUN
cjfa-3263	124	52	real	real	ADJ
cjfa-3263	124	53	option	option	NOUN
cjfa-3263	124	54	at	at	ADP
cjfa-3263	124	55	the	the	DET
cjfa-3263	124	56	time	time	NOUN
cjfa-3263	124	57	t	t	PROPN
cjfa-3263	124	58	,	,	PUNCT
cjfa-3263	124	59	v	v	INTJ
cjfa-3263	124	60	–	–	PUNCT
cjfa-3263	124	61	the	the	DET
cjfa-3263	124	62	current	current	ADJ
cjfa-3263	124	63	value	value	NOUN
cjfa-3263	124	64	of	of	ADP
cjfa-3263	124	65	the	the	DET
cjfa-3263	124	66	cash	cash	NOUN
cjfa-3263	124	67	flows	flow	NOUN
cjfa-3263	124	68	generated	generate	VERB
cjfa-3263	124	69	by	by	ADP
cjfa-3263	124	70	the	the	DET
cjfa-3263	124	71	investment	investment	NOUN
cjfa-3263	124	72	,	,	PUNCT
cjfa-3263	124	73	r	r	NOUN
cjfa-3263	124	74	–	–	PUNCT
cjfa-3263	124	75	risk	risk	NOUN
cjfa-3263	124	76	-	-	PUNCT
cjfa-3263	124	77	free	free	ADJ
cjfa-3263	124	78	interest	interest	NOUN
cjfa-3263	124	79	rate	rate	NOUN
cjfa-3263	124	80	,	,	PUNCT
cjfa-3263	124	81	i	i	PRON
cjfa-3263	124	82	–	–	PUNCT
cjfa-3263	124	83	the	the	DET
cjfa-3263	124	84	current	current	ADJ
cjfa-3263	124	85	value	value	NOUN
cjfa-3263	124	86	of	of	ADP
cjfa-3263	124	87	the	the	DET
cjfa-3263	124	88	expenditure	expenditure	NOUN
cjfa-3263	124	89	related	relate	VERB
cjfa-3263	124	90	to	to	ADP
cjfa-3263	124	91	the	the	DET
cjfa-3263	124	92	investment	investment	NOUN
cjfa-3263	124	93	,	,	PUNCT
cjfa-3263	124	94	t	t	PROPN
cjfa-3263	124	95	–	–	PUNCT
cjfa-3263	124	96	time	time	NOUN
cjfa-3263	124	97	to	to	ADP
cjfa-3263	124	98	the	the	DET
cjfa-3263	124	99	option	option	NOUN
cjfa-3263	124	100	expiration	expiration	NOUN
cjfa-3263	124	101	,	,	PUNCT
cjfa-3263	124	102	]	]	X
cjfa-3263	124	103	,	,	PUNCT
cjfa-3263	124	104	0	0	NUM
cjfa-3263	124	105	[	[	PUNCT
cjfa-3263	124	106	tt	tt	PROPN
cjfa-3263	124	107			NOUN
cjfa-3263	124	108	,	,	PUNCT
cjfa-3263	124	109	)	)	PUNCT
cjfa-3263	124	110	(	(	PUNCT
cjfa-3263	124	111	dn	dn	X
cjfa-3263	124	112	–	–	PUNCT
cjfa-3263	124	113	cumulative	cumulative	ADJ
cjfa-3263	124	114	probability	probability	NOUN
cjfa-3263	124	115	function	function	NOUN
cjfa-3263	124	116	for	for	ADP
cjfa-3263	124	117	a	a	DET
cjfa-3263	124	118	standard	standard	ADJ
cjfa-3263	124	119	normal	normal	ADJ
cjfa-3263	124	120	variable	variable	ADJ
cjfa-3263	124	121	distribution	distribution	NOUN
cjfa-3263	124	122	,	,	PUNCT
cjfa-3263	124	123			PROPN
cjfa-3263	124	124	–	–	PUNCT
cjfa-3263	124	125	the	the	DET
cjfa-3263	124	126	coefficient	coefficient	NOUN
cjfa-3263	124	127	of	of	ADP
cjfa-3263	124	128	volatility	volatility	NOUN
cjfa-3263	124	129	of	of	ADP
cjfa-3263	124	130	the	the	DET
cjfa-3263	124	131	cash	cash	NOUN
cjfa-3263	124	132	flows	flow	NOUN
cjfa-3263	124	133	generated	generate	VERB
cjfa-3263	124	134	by	by	ADP
cjfa-3263	124	135	the	the	DET
cjfa-3263	124	136	investment	investment	NOUN
cjfa-3263	124	137	,	,	PUNCT
cjfa-3263	124	138			X
cjfa-3263	124	139			X
cjfa-3263	124	140			VERB
cjfa-3263	124	141			NUM
cjfa-3263	125	1	d	d	NOUN
cjfa-3263	125	2	x	x	PUNCT
cjfa-3263	125	3	dxedn	dxedn	NOUN
cjfa-3263	125	4	2	2	NUM
cjfa-3263	125	5	2	2	NUM
cjfa-3263	125	6	2	2	NUM
cjfa-3263	125	7	1	1	NUM
cjfa-3263	125	8	)	)	PUNCT
cjfa-3263	125	9	(	(	PUNCT
cjfa-3263	125	10			PROPN
cjfa-3263	125	11	,	,	PUNCT
cjfa-3263	125	12			PROPN
cjfa-3263	125	13			PROPN
cjfa-3263	125	14	ttr	ttr	NOUN
cjfa-3263	125	15	i	i	NOUN
cjfa-3263	125	16	v	v	NOUN
cjfa-3263	125	17	d	d	NOUN
cjfa-3263	125	18			NOUN
cjfa-3263	125	19			NOUN
cjfa-3263	125	20			PROPN
cjfa-3263	125	21			PROPN
cjfa-3263	125	22			PROPN
cjfa-3263	125	23			NOUN
cjfa-3263	125	24			NOUN
cjfa-3263	125	25			ADJ
cjfa-3263	125	26	2	2	NUM
cjfa-3263	125	27	ln	ln	NOUN
cjfa-3263	125	28	2	2	NUM
cjfa-3263	125	29	1	1	NUM
cjfa-3263	125	30	,	,	PUNCT
cjfa-3263	125	31	ttdd	ttdd	NOUN
cjfa-3263	125	32			NUM
cjfa-3263	125	33	12	12	ADJ
cjfa-3263	125	34	.	.	PUNCT
cjfa-3263	126	1	the	the	DET
cjfa-3263	126	2	value	value	NOUN
cjfa-3263	126	3	of	of	ADP
cjfa-3263	126	4	the	the	DET
cjfa-3263	126	5	put	put	ADJ
cjfa-3263	126	6	real	real	ADJ
cjfa-3263	126	7	option	option	NOUN
cjfa-3263	126	8	at	at	ADP
cjfa-3263	126	9	the	the	DET
cjfa-3263	126	10	time	time	NOUN
cjfa-3263	126	11	t	t	PROPN
cjfa-3263	126	12	is	be	AUX
cjfa-3263	126	13	:	:	PUNCT
cjfa-3263	126	14	)	)	PUNCT
cjfa-3263	126	15	(	(	PUNCT
cjfa-3263	126	16	)	)	PUNCT
cjfa-3263	126	17	(	(	PUNCT
cjfa-3263	126	18	)	)	PUNCT
cjfa-3263	126	19	(	(	PUNCT
cjfa-3263	126	20	12	12	NUM
cjfa-3263	126	21	)	)	PUNCT
cjfa-3263	126	22	(	(	PUNCT
cjfa-3263	126	23	dnvdneisrov	dnvdneisrov	PROPN
cjfa-3263	126	24	ttr	ttr	PROPN
cjfa-3263	126	25	t	t	PROPN
cjfa-3263	126	26			PROPN
cjfa-3263	126	27			NUM
cjfa-3263	126	28	,	,	PUNCT
cjfa-3263	126	29	(	(	PUNCT
cjfa-3263	126	30	2	2	NUM
cjfa-3263	126	31	)	)	PUNCT
cjfa-3263	126	32	,	,	PUNCT
cjfa-3263	126	33	n(d	n(d	PROPN
cjfa-3263	126	34	)	)	PUNCT
cjfa-3263	126	35	–	–	PUNCT
cjfa-3263	126	36	cumulative	cumulative	ADJ
cjfa-3263	126	37	probability	probability	NOUN
cjfa-3263	126	38	function	function	NOUN
cjfa-3263	126	39	for	for	ADP
cjfa-3263	126	40	a	a	DET
cjfa-3263	126	41	standard	standard	ADJ
cjfa-3263	126	42	normal	normal	ADJ
cjfa-3263	126	43	variable	variable	ADJ
cjfa-3263	126	44	distribution	distribution	NOUN
cjfa-3263	126	45	,	,	PUNCT
cjfa-3263	126	46	σ	σ	PROPN
cjfa-3263	126	47	–	–	PUNCT
cjfa-3263	126	48	the	the	DET
cjfa-3263	126	49	coefficient	coefficient	NOUN
cjfa-3263	126	50	of	of	ADP
cjfa-3263	126	51	volatility	volatility	NOUN
cjfa-3263	126	52	of	of	ADP
cjfa-3263	126	53	the	the	DET
cjfa-3263	126	54	cash	cash	NOUN
cjfa-3263	126	55	flows	flow	NOUN
cjfa-3263	126	56	generated	generate	VERB
cjfa-3263	126	57	by	by	ADP
cjfa-3263	126	58	the	the	DET
cjfa-3263	126	59	investment	investment	NOUN
cjfa-3263	126	60	,	,	PUNCT
cjfa-3263	126	61	will	will	AUX
cjfa-3263	126	62	affect	affect	VERB
cjfa-3263	126	63	taking	take	VERB
cjfa-3263	126	64	professional	professional	ADJ
cjfa-3263	126	65	decisions	decision	NOUN
cjfa-3263	126	66	related	relate	VERB
cjfa-3263	126	67	to	to	ADP
cjfa-3263	126	68	the	the	DET
cjfa-3263	126	69	involvement	involvement	NOUN
cjfa-3263	126	70	of	of	ADP
cjfa-3263	126	71	the	the	DET
cjfa-3263	126	72	appropriate	appropriate	ADJ
cjfa-3263	126	73	production	production	NOUN
cjfa-3263	126	74	capacity	capacity	NOUN
cjfa-3263	126	75	.	.	PUNCT
cjfa-3263	127	1	under	under	ADP
cjfa-3263	127	2	this	this	DET
cjfa-3263	127	3	option	option	NOUN
cjfa-3263	127	4	,	,	PUNCT
cjfa-3263	127	5	you	you	PRON
cjfa-3263	127	6	can	can	AUX
cjfa-3263	127	7	analyse	analyse	VERB
cjfa-3263	127	8	environmental	environmental	ADJ
cjfa-3263	127	9	projects	project	NOUN
cjfa-3263	127	10	aimed	aim	VERB
cjfa-3263	127	11	at	at	ADP
cjfa-3263	127	12	reducing	reduce	VERB
cjfa-3263	127	13	the	the	DET
cjfa-3263	127	14	amount	amount	NOUN
cjfa-3263	127	15	of	of	ADP
cjfa-3263	127	16	waste	waste	NOUN
cjfa-3263	127	17	or	or	CCONJ
cjfa-3263	127	18	increasing	increase	VERB
cjfa-3263	127	19	the	the	DET
cjfa-3263	127	20	level	level	NOUN
cjfa-3263	127	21	of	of	ADP
cjfa-3263	127	22	recycling	recycling	NOUN
cjfa-3263	127	23	of	of	ADP
cjfa-3263	127	24	waste	waste	NOUN
cjfa-3263	127	25	generated	generate	VERB
cjfa-3263	127	26	.	.	PUNCT
cjfa-3263	128	1	exit	exit	NOUN
cjfa-3263	128	2	options	option	NOUN
cjfa-3263	128	3	allow	allow	VERB
cjfa-3263	128	4	you	you	PRON
cjfa-3263	128	5	to	to	PART
cjfa-3263	128	6	withdraw	withdraw	VERB
cjfa-3263	128	7	from	from	ADP
cjfa-3263	128	8	the	the	DET
cjfa-3263	128	9	project	project	NOUN
cjfa-3263	128	10	in	in	ADP
cjfa-3263	128	11	the	the	DET
cjfa-3263	128	12	case	case	NOUN
cjfa-3263	128	13	when	when	SCONJ
cjfa-3263	128	14	there	there	PRON
cjfa-3263	128	15	are	be	VERB
cjfa-3263	128	16	adverse	adverse	ADJ
cjfa-3263	128	17	market	market	NOUN
cjfa-3263	128	18	conditions	condition	NOUN
cjfa-3263	128	19	for	for	ADP
cjfa-3263	128	20	the	the	DET
cjfa-3263	128	21	company	company	NOUN
cjfa-3263	128	22	,	,	PUNCT
cjfa-3263	128	23	or	or	CCONJ
cjfa-3263	128	24	when	when	SCONJ
cjfa-3263	128	25	adverse	adverse	ADJ
cjfa-3263	128	26	results	result	NOUN
cjfa-3263	128	27	of	of	ADP
cjfa-3263	128	28	technical	technical	ADJ
cjfa-3263	128	29	analysis	analysis	NOUN
cjfa-3263	128	30	are	be	AUX
cjfa-3263	128	31	received	receive	VERB
cjfa-3263	128	32	.	.	PUNCT
cjfa-3263	129	1	exit	exit	NOUN
cjfa-3263	129	2	options	option	NOUN
cjfa-3263	129	3	are	be	AUX
cjfa-3263	129	4	put	put	VERB
cjfa-3263	129	5	options	option	NOUN
cjfa-3263	129	6	.	.	PUNCT
cjfa-3263	130	1	the	the	DET
cjfa-3263	130	2	exit	exit	NOUN
cjfa-3263	130	3	option	option	NOUN
cjfa-3263	130	4	often	often	ADV
cjfa-3263	130	5	occurs	occur	VERB
cjfa-3263	130	6	along	along	ADP
cjfa-3263	130	7	with	with	ADP
cjfa-3263	130	8	the	the	DET
cjfa-3263	130	9	growth	growth	NOUN
cjfa-3263	130	10	option	option	NOUN
cjfa-3263	130	11	.	.	PUNCT
cjfa-3263	131	1	examples	example	NOUN
cjfa-3263	131	2	of	of	ADP
cjfa-3263	131	3	environmental	environmental	ADJ
cjfa-3263	131	4	projects	project	NOUN
cjfa-3263	131	5	within	within	ADP
cjfa-3263	131	6	exit	exit	NOUN
cjfa-3263	131	7	options	option	NOUN
cjfa-3263	131	8	include	include	VERB
cjfa-3263	131	9	the	the	DET
cjfa-3263	131	10	following	following	NOUN
cjfa-3263	131	11	:	:	PUNCT
cjfa-3263	131	12	considering	consider	VERB
cjfa-3263	131	13	while	while	SCONJ
cjfa-3263	131	14	buying	buy	VERB
cjfa-3263	131	15	the	the	DET
cjfa-3263	131	16	environmental	environmental	ADJ
cjfa-3263	131	17	attributes	attribute	NOUN
cjfa-3263	131	18	of	of	ADP
cjfa-3263	131	19	the	the	DET
cjfa-3263	131	20	offered	offer	VERB
cjfa-3263	131	21	goods	good	NOUN
cjfa-3263	131	22	,	,	PUNCT
cjfa-3263	131	23	conducting	conduct	VERB
cjfa-3263	131	24	research	research	NOUN
cjfa-3263	131	25	and	and	CCONJ
cjfa-3263	131	26	development	development	NOUN
cjfa-3263	131	27	activity	activity	NOUN
cjfa-3263	131	28	in	in	ADP
cjfa-3263	131	29	the	the	DET
cjfa-3263	131	30	area	area	NOUN
cjfa-3263	131	31	of	of	ADP
cjfa-3263	131	32	sourcing	source	VERB
cjfa-3263	131	33	recycled	recycle	VERB
cjfa-3263	131	34	materials	material	NOUN
cjfa-3263	131	35	,	,	PUNCT
cjfa-3263	131	36	conducting	conduct	VERB
cjfa-3263	131	37	research	research	NOUN
cjfa-3263	131	38	in	in	ADP
cjfa-3263	131	39	the	the	DET
cjfa-3263	131	40	area	area	NOUN
cjfa-3263	131	41	of	of	ADP
cjfa-3263	131	42	attracting	attract	VERB
cjfa-3263	131	43	new	new	ADJ
cjfa-3263	131	44	sources	source	NOUN
cjfa-3263	131	45	of	of	ADP
cjfa-3263	131	46	raw	raw	ADJ
cjfa-3263	131	47	materials	material	NOUN
cjfa-3263	131	48	,	,	PUNCT
cjfa-3263	131	49	participating	participate	VERB
cjfa-3263	131	50	in	in	ADP
cjfa-3263	131	51	the	the	DET
cjfa-3263	131	52	transfer	transfer	NOUN
cjfa-3263	131	53	of	of	ADP
cjfa-3263	131	54	techniques	technique	NOUN
cjfa-3263	131	55	and	and	CCONJ
cjfa-3263	131	56	environmental	environmental	ADJ
cjfa-3263	131	57	technologies	technology	NOUN
cjfa-3263	131	58	.	.	PUNCT
cjfa-3263	132	1	pricing	pricing	NOUN
cjfa-3263	132	2	model	model	NOUN
cjfa-3263	132	3	of	of	ADP
cjfa-3263	132	4	the	the	DET
cjfa-3263	132	5	real	real	ADJ
cjfa-3263	132	6	options	option	NOUN
cjfa-3263	132	7	in	in	ADP
cjfa-3263	132	8	pricing	pricing	NOUN
cjfa-3263	132	9	of	of	ADP
cjfa-3263	132	10	real	real	ADJ
cjfa-3263	132	11	options	option	NOUN
cjfa-3263	132	12	the	the	DET
cjfa-3263	132	13	most	most	ADV
cjfa-3263	132	14	frequently	frequently	ADV
cjfa-3263	132	15	applied	apply	VERB
cjfa-3263	132	16	models	model	NOUN
cjfa-3263	132	17	include	include	VERB
cjfa-3263	132	18	the	the	DET
cjfa-3263	132	19	black	black	ADJ
cjfa-3263	132	20	-	-	PUNCT
cjfa-3263	132	21	scholes	schole	NOUN
cjfa-3263	132	22	model	model	NOUN
cjfa-3263	132	23	(	(	PUNCT
cjfa-3263	132	24	a	a	DET
cjfa-3263	132	25	continuous	continuous	ADJ
cjfa-3263	132	26	model	model	NOUN
cjfa-3263	132	27	)	)	PUNCT
cjfa-3263	132	28	and	and	CCONJ
cjfa-3263	132	29	the	the	DET
cjfa-3263	132	30	cox	cox	PROPN
cjfa-3263	132	31	-	-	PUNCT
cjfa-3263	132	32	ross	ross	PROPN
cjfa-3263	132	33	-	-	PROPN
cjfa-3263	132	34	rubinstein	rubinstein	PROPN
cjfa-3263	132	35	option	option	NOUN
cjfa-3263	132	36	pricing	pricing	NOUN
cjfa-3263	132	37	model	model	NOUN
cjfa-3263	132	38	(	(	PUNCT
cjfa-3263	132	39	a	a	DET
cjfa-3263	132	40	binomial	binomial	ADJ
cjfa-3263	132	41	model	model	NOUN
cjfa-3263	132	42	)	)	PUNCT
cjfa-3263	132	43	(	(	PUNCT
cjfa-3263	132	44	amram	amram	NOUN
cjfa-3263	132	45	,	,	PUNCT
cjfa-3263	132	46	kulatilaka	kulatilaka	NOUN
cjfa-3263	132	47	1999	1999	NUM
cjfa-3263	132	48	;	;	PUNCT
cjfa-3263	132	49	brach	brach	PROPN
cjfa-3263	132	50	2002	2002	NUM
cjfa-3263	132	51	;	;	PUNCT
cjfa-3263	132	52	copeland	copeland	PROPN
cjfa-3263	132	53	,	,	PUNCT
cjfa-3263	132	54	anticarov	anticarov	PROPN
cjfa-3263	132	55	2001	2001	NUM
cjfa-3263	132	56	;	;	PUNCT
cjfa-3263	132	57	trigeorgis	trigeorgis	NOUN
cjfa-3263	132	58	1999	1999	NUM
cjfa-3263	132	59	;	;	PUNCT
cjfa-3263	132	60	dziawgo	dziawgo	PROPN
cjfa-3263	132	61	2003	2003	NUM
cjfa-3263	132	62	)	)	PUNCT
cjfa-3263	132	63	.	.	PUNCT
cjfa-3263	133	1	the	the	DET
cjfa-3263	133	2	black	black	ADJ
cjfa-3263	133	3	-	-	PUNCT
cjfa-3263	133	4	scholes	schole	NOUN
cjfa-3263	133	5	model	model	NOUN
cjfa-3263	133	6	assumes	assume	VERB
cjfa-3263	133	7	that	that	SCONJ
cjfa-3263	133	8	the	the	DET
cjfa-3263	133	9	value	value	NOUN
cjfa-3263	133	10	of	of	ADP
cjfa-3263	133	11	the	the	DET
cjfa-3263	133	12	underlying	underlie	VERB
cjfa-3263	133	13	asset	asset	NOUN
cjfa-3263	133	14	changes	change	NOUN
cjfa-3263	133	15	continuously	continuously	ADV
cjfa-3263	133	16	.	.	PUNCT
cjfa-3263	134	1	this	this	DET
cjfa-3263	134	2	model	model	NOUN
cjfa-3263	134	3	is	be	AUX
cjfa-3263	134	4	used	use	VERB
cjfa-3263	134	5	for	for	ADP
cjfa-3263	134	6	european	european	ADJ
cjfa-3263	134	7	-	-	PUNCT
cjfa-3263	134	8	style	style	NOUN
cjfa-3263	134	9	options	option	NOUN
cjfa-3263	134	10	.	.	PUNCT
cjfa-3263	135	1	the	the	DET
cjfa-3263	135	2	value	value	NOUN
cjfa-3263	135	3	of	of	ADP
cjfa-3263	135	4	a	a	DET
cjfa-3263	135	5	real	real	ADJ
cjfa-3263	135	6	call	call	NOUN
cjfa-3263	135	7	option	option	NOUN
cjfa-3263	135	8	derived	derive	VERB
cjfa-3263	135	9	from	from	ADP
cjfa-3263	135	10	the	the	DET
cjfa-3263	135	11	application	application	NOUN
cjfa-3263	135	12	of	of	ADP
cjfa-3263	135	13	the	the	DET
cjfa-3263	135	14	black	black	ADJ
cjfa-3263	135	15	-	-	PUNCT
cjfa-3263	135	16	scholes	schole	NOUN
cjfa-3263	135	17	model	model	NOUN
cjfa-3263	135	18	at	at	ADP
cjfa-3263	135	19	the	the	DET
cjfa-3263	135	20	t	t	PROPN
cjfa-3263	135	21	moment	moment	NOUN
cjfa-3263	135	22	is	be	AUX
cjfa-3263	135	23	:	:	PUNCT
cjfa-3263	135	24	)	)	PUNCT
cjfa-3263	135	25	(	(	PUNCT
cjfa-3263	135	26	)	)	PUNCT
cjfa-3263	135	27	(	(	PUNCT
cjfa-3263	135	28	)	)	PUNCT
cjfa-3263	135	29	(	(	PUNCT
cjfa-3263	135	30	2	2	X
cjfa-3263	135	31	)	)	PUNCT
cjfa-3263	135	32	(	(	PUNCT
cjfa-3263	135	33	1	1	NUM
cjfa-3263	135	34	dneidnvkrov	dneidnvkrov	VERB
cjfa-3263	135	35	ttr	ttr	PROPN
cjfa-3263	135	36	t	t	PROPN
cjfa-3263	135	37			NOUN
cjfa-3263	135	38	(	(	PUNCT
cjfa-3263	135	39	1	1	X
cjfa-3263	135	40	)	)	PUNCT
cjfa-3263	135	41	where	where	SCONJ
cjfa-3263	135	42	:	:	PUNCT
cjfa-3263	135	43	)	)	PUNCT
cjfa-3263	135	44	(	(	PUNCT
cjfa-3263	135	45	krovt	krovt	NOUN
cjfa-3263	135	46	–	–	PUNCT
cjfa-3263	135	47	the	the	DET
cjfa-3263	135	48	value	value	NOUN
cjfa-3263	135	49	of	of	ADP
cjfa-3263	135	50	the	the	DET
cjfa-3263	135	51	call	call	NOUN
cjfa-3263	135	52	real	real	ADJ
cjfa-3263	135	53	option	option	NOUN
cjfa-3263	135	54	at	at	ADP
cjfa-3263	135	55	the	the	DET
cjfa-3263	135	56	time	time	NOUN
cjfa-3263	135	57	t	t	PROPN
cjfa-3263	135	58	,	,	PUNCT
cjfa-3263	135	59	v	v	INTJ
cjfa-3263	135	60	–	–	PUNCT
cjfa-3263	135	61	the	the	DET
cjfa-3263	135	62	current	current	ADJ
cjfa-3263	135	63	value	value	NOUN
cjfa-3263	135	64	of	of	ADP
cjfa-3263	135	65	the	the	DET
cjfa-3263	135	66	cash	cash	NOUN
cjfa-3263	135	67	flows	flow	NOUN
cjfa-3263	135	68	generated	generate	VERB
cjfa-3263	135	69	by	by	ADP
cjfa-3263	135	70	the	the	DET
cjfa-3263	135	71	investment	investment	NOUN
cjfa-3263	135	72	,	,	PUNCT
cjfa-3263	135	73	r	r	NOUN
cjfa-3263	135	74	–	–	PUNCT
cjfa-3263	135	75	risk	risk	NOUN
cjfa-3263	135	76	-	-	PUNCT
cjfa-3263	135	77	free	free	ADJ
cjfa-3263	135	78	interest	interest	NOUN
cjfa-3263	135	79	rate	rate	NOUN
cjfa-3263	135	80	,	,	PUNCT
cjfa-3263	135	81	i	i	PRON
cjfa-3263	135	82	–	–	PUNCT
cjfa-3263	135	83	the	the	DET
cjfa-3263	135	84	current	current	ADJ
cjfa-3263	135	85	value	value	NOUN
cjfa-3263	135	86	of	of	ADP
cjfa-3263	135	87	the	the	DET
cjfa-3263	135	88	expenditure	expenditure	NOUN
cjfa-3263	135	89	related	relate	VERB
cjfa-3263	135	90	to	to	ADP
cjfa-3263	135	91	the	the	DET
cjfa-3263	135	92	investment	investment	NOUN
cjfa-3263	135	93	,	,	PUNCT
cjfa-3263	135	94	t	t	PROPN
cjfa-3263	135	95	–	–	PUNCT
cjfa-3263	135	96	time	time	NOUN
cjfa-3263	135	97	to	to	ADP
cjfa-3263	135	98	the	the	DET
cjfa-3263	135	99	option	option	NOUN
cjfa-3263	135	100	expiration	expiration	NOUN
cjfa-3263	135	101	,	,	PUNCT
cjfa-3263	135	102	]	]	X
cjfa-3263	135	103	,	,	PUNCT
cjfa-3263	135	104	0	0	NUM
cjfa-3263	135	105	[	[	PUNCT
cjfa-3263	135	106	tt	tt	PROPN
cjfa-3263	135	107			NOUN
cjfa-3263	135	108	,	,	PUNCT
cjfa-3263	135	109	)	)	PUNCT
cjfa-3263	135	110	(	(	PUNCT
cjfa-3263	135	111	dn	dn	X
cjfa-3263	135	112	–	–	PUNCT
cjfa-3263	135	113	cumulative	cumulative	ADJ
cjfa-3263	135	114	probability	probability	NOUN
cjfa-3263	135	115	function	function	NOUN
cjfa-3263	135	116	for	for	ADP
cjfa-3263	135	117	a	a	DET
cjfa-3263	135	118	standard	standard	ADJ
cjfa-3263	135	119	normal	normal	ADJ
cjfa-3263	135	120	variable	variable	ADJ
cjfa-3263	135	121	distribution	distribution	NOUN
cjfa-3263	135	122	,	,	PUNCT
cjfa-3263	135	123			PROPN
cjfa-3263	135	124	–	–	PUNCT
cjfa-3263	135	125	the	the	DET
cjfa-3263	135	126	coefficient	coefficient	NOUN
cjfa-3263	135	127	of	of	ADP
cjfa-3263	135	128	volatility	volatility	NOUN
cjfa-3263	135	129	of	of	ADP
cjfa-3263	135	130	the	the	DET
cjfa-3263	135	131	cash	cash	NOUN
cjfa-3263	135	132	flows	flow	NOUN
cjfa-3263	135	133	generated	generate	VERB
cjfa-3263	135	134	by	by	ADP
cjfa-3263	135	135	the	the	DET
cjfa-3263	135	136	investment	investment	NOUN
cjfa-3263	135	137	,	,	PUNCT
cjfa-3263	135	138			X
cjfa-3263	135	139			X
cjfa-3263	135	140			VERB
cjfa-3263	135	141			NUM
cjfa-3263	136	1	d	d	NOUN
cjfa-3263	136	2	x	x	PUNCT
cjfa-3263	136	3	dxedn	dxedn	NOUN
cjfa-3263	136	4	2	2	NUM
cjfa-3263	136	5	2	2	NUM
cjfa-3263	136	6	2	2	NUM
cjfa-3263	136	7	1	1	NUM
cjfa-3263	136	8	)	)	PUNCT
cjfa-3263	136	9	(	(	PUNCT
cjfa-3263	136	10			PROPN
cjfa-3263	136	11	,	,	PUNCT
cjfa-3263	136	12			PROPN
cjfa-3263	136	13			PROPN
cjfa-3263	136	14	ttr	ttr	NOUN
cjfa-3263	136	15	i	i	NOUN
cjfa-3263	136	16	v	v	NOUN
cjfa-3263	136	17	d	d	NOUN
cjfa-3263	136	18			NOUN
cjfa-3263	136	19			NOUN
cjfa-3263	136	20			PROPN
cjfa-3263	136	21			PROPN
cjfa-3263	136	22			PROPN
cjfa-3263	136	23			NOUN
cjfa-3263	136	24			NOUN
cjfa-3263	136	25			ADJ
cjfa-3263	136	26	2	2	NUM
cjfa-3263	136	27	ln	ln	NOUN
cjfa-3263	136	28	2	2	NUM
cjfa-3263	136	29	1	1	NUM
cjfa-3263	136	30	,	,	PUNCT
cjfa-3263	136	31	ttdd	ttdd	NOUN
cjfa-3263	136	32			NUM
cjfa-3263	136	33	12	12	ADJ
cjfa-3263	136	34	.	.	PUNCT
cjfa-3263	137	1	the	the	DET
cjfa-3263	137	2	value	value	NOUN
cjfa-3263	137	3	of	of	ADP
cjfa-3263	137	4	the	the	DET
cjfa-3263	137	5	put	put	ADJ
cjfa-3263	137	6	real	real	ADJ
cjfa-3263	137	7	option	option	NOUN
cjfa-3263	137	8	at	at	ADP
cjfa-3263	137	9	the	the	DET
cjfa-3263	137	10	time	time	NOUN
cjfa-3263	137	11	t	t	PROPN
cjfa-3263	137	12	is	be	AUX
cjfa-3263	137	13	:	:	PUNCT
cjfa-3263	137	14	)	)	PUNCT
cjfa-3263	137	15	(	(	PUNCT
cjfa-3263	137	16	)	)	PUNCT
cjfa-3263	137	17	(	(	PUNCT
cjfa-3263	137	18	)	)	PUNCT
cjfa-3263	137	19	(	(	PUNCT
cjfa-3263	137	20	12	12	NUM
cjfa-3263	137	21	)	)	PUNCT
cjfa-3263	137	22	(	(	PUNCT
cjfa-3263	137	23	dnvdneisrov	dnvdneisrov	PROPN
cjfa-3263	137	24	ttr	ttr	PROPN
cjfa-3263	137	25	t	t	PROPN
cjfa-3263	137	26			PROPN
cjfa-3263	137	27			NUM
cjfa-3263	137	28	,	,	PUNCT
cjfa-3263	137	29	(	(	PUNCT
cjfa-3263	137	30	2	2	X
cjfa-3263	137	31	)	)	PUNCT
cjfa-3263	137	32	the	the	DET
cjfa-3263	137	33	value	value	NOUN
cjfa-3263	137	34	of	of	ADP
cjfa-3263	137	35	the	the	DET
cjfa-3263	137	36	put	put	ADJ
cjfa-3263	137	37	real	real	ADJ
cjfa-3263	137	38	option	option	NOUN
cjfa-3263	137	39	at	at	ADP
cjfa-3263	137	40	the	the	DET
cjfa-3263	137	41	time	time	NOUN
cjfa-3263	137	42	t	t	PROPN
cjfa-3263	137	43	is	be	AUX
cjfa-3263	137	44	:	:	PUNCT
cjfa-3263	137	45	will	will	AUX
cjfa-3263	137	46	affect	affect	VERB
cjfa-3263	137	47	taking	take	VERB
cjfa-3263	137	48	professional	professional	ADJ
cjfa-3263	137	49	decisions	decision	NOUN
cjfa-3263	137	50	related	relate	VERB
cjfa-3263	137	51	to	to	ADP
cjfa-3263	137	52	the	the	DET
cjfa-3263	137	53	involvement	involvement	NOUN
cjfa-3263	137	54	of	of	ADP
cjfa-3263	137	55	the	the	DET
cjfa-3263	137	56	appropriate	appropriate	ADJ
cjfa-3263	137	57	production	production	NOUN
cjfa-3263	137	58	capacity	capacity	NOUN
cjfa-3263	137	59	.	.	PUNCT
cjfa-3263	138	1	under	under	ADP
cjfa-3263	138	2	this	this	DET
cjfa-3263	138	3	option	option	NOUN
cjfa-3263	138	4	,	,	PUNCT
cjfa-3263	138	5	you	you	PRON
cjfa-3263	138	6	can	can	AUX
cjfa-3263	138	7	analyse	analyse	VERB
cjfa-3263	138	8	environmental	environmental	ADJ
cjfa-3263	138	9	projects	project	NOUN
cjfa-3263	138	10	aimed	aim	VERB
cjfa-3263	138	11	at	at	ADP
cjfa-3263	138	12	reducing	reduce	VERB
cjfa-3263	138	13	the	the	DET
cjfa-3263	138	14	amount	amount	NOUN
cjfa-3263	138	15	of	of	ADP
cjfa-3263	138	16	waste	waste	NOUN
cjfa-3263	138	17	or	or	CCONJ
cjfa-3263	138	18	increasing	increase	VERB
cjfa-3263	138	19	the	the	DET
cjfa-3263	138	20	level	level	NOUN
cjfa-3263	138	21	of	of	ADP
cjfa-3263	138	22	recycling	recycling	NOUN
cjfa-3263	138	23	of	of	ADP
cjfa-3263	138	24	waste	waste	NOUN
cjfa-3263	138	25	generated	generate	VERB
cjfa-3263	138	26	.	.	PUNCT
cjfa-3263	139	1	exit	exit	NOUN
cjfa-3263	139	2	options	option	NOUN
cjfa-3263	139	3	allow	allow	VERB
cjfa-3263	139	4	you	you	PRON
cjfa-3263	139	5	to	to	PART
cjfa-3263	139	6	withdraw	withdraw	VERB
cjfa-3263	139	7	from	from	ADP
cjfa-3263	139	8	the	the	DET
cjfa-3263	139	9	project	project	NOUN
cjfa-3263	139	10	in	in	ADP
cjfa-3263	139	11	the	the	DET
cjfa-3263	139	12	case	case	NOUN
cjfa-3263	139	13	when	when	SCONJ
cjfa-3263	139	14	there	there	PRON
cjfa-3263	139	15	are	be	VERB
cjfa-3263	139	16	adverse	adverse	ADJ
cjfa-3263	139	17	market	market	NOUN
cjfa-3263	139	18	conditions	condition	NOUN
cjfa-3263	139	19	for	for	ADP
cjfa-3263	139	20	the	the	DET
cjfa-3263	139	21	company	company	NOUN
cjfa-3263	139	22	,	,	PUNCT
cjfa-3263	139	23	or	or	CCONJ
cjfa-3263	139	24	when	when	SCONJ
cjfa-3263	139	25	adverse	adverse	ADJ
cjfa-3263	139	26	results	result	NOUN
cjfa-3263	139	27	of	of	ADP
cjfa-3263	139	28	technical	technical	ADJ
cjfa-3263	139	29	analysis	analysis	NOUN
cjfa-3263	139	30	are	be	AUX
cjfa-3263	139	31	received	receive	VERB
cjfa-3263	139	32	.	.	PUNCT
cjfa-3263	140	1	exit	exit	NOUN
cjfa-3263	140	2	options	option	NOUN
cjfa-3263	140	3	are	be	AUX
cjfa-3263	140	4	put	put	VERB
cjfa-3263	140	5	options	option	NOUN
cjfa-3263	140	6	.	.	PUNCT
cjfa-3263	141	1	the	the	DET
cjfa-3263	141	2	exit	exit	NOUN
cjfa-3263	141	3	option	option	NOUN
cjfa-3263	141	4	often	often	ADV
cjfa-3263	141	5	occurs	occur	VERB
cjfa-3263	141	6	along	along	ADP
cjfa-3263	141	7	with	with	ADP
cjfa-3263	141	8	the	the	DET
cjfa-3263	141	9	growth	growth	NOUN
cjfa-3263	141	10	option	option	NOUN
cjfa-3263	141	11	.	.	PUNCT
cjfa-3263	142	1	examples	example	NOUN
cjfa-3263	142	2	of	of	ADP
cjfa-3263	142	3	environmental	environmental	ADJ
cjfa-3263	142	4	projects	project	NOUN
cjfa-3263	142	5	within	within	ADP
cjfa-3263	142	6	exit	exit	NOUN
cjfa-3263	142	7	options	option	NOUN
cjfa-3263	142	8	include	include	VERB
cjfa-3263	142	9	the	the	DET
cjfa-3263	142	10	following	following	NOUN
cjfa-3263	142	11	:	:	PUNCT
cjfa-3263	142	12	considering	consider	VERB
cjfa-3263	142	13	while	while	SCONJ
cjfa-3263	142	14	buying	buy	VERB
cjfa-3263	142	15	the	the	DET
cjfa-3263	142	16	environmental	environmental	ADJ
cjfa-3263	142	17	attributes	attribute	NOUN
cjfa-3263	142	18	of	of	ADP
cjfa-3263	142	19	the	the	DET
cjfa-3263	142	20	offered	offer	VERB
cjfa-3263	142	21	goods	good	NOUN
cjfa-3263	142	22	,	,	PUNCT
cjfa-3263	142	23	conducting	conduct	VERB
cjfa-3263	142	24	research	research	NOUN
cjfa-3263	142	25	and	and	CCONJ
cjfa-3263	142	26	development	development	NOUN
cjfa-3263	142	27	activity	activity	NOUN
cjfa-3263	142	28	in	in	ADP
cjfa-3263	142	29	the	the	DET
cjfa-3263	142	30	area	area	NOUN
cjfa-3263	142	31	of	of	ADP
cjfa-3263	142	32	sourcing	source	VERB
cjfa-3263	142	33	recycled	recycle	VERB
cjfa-3263	142	34	materials	material	NOUN
cjfa-3263	142	35	,	,	PUNCT
cjfa-3263	142	36	conducting	conduct	VERB
cjfa-3263	142	37	research	research	NOUN
cjfa-3263	142	38	in	in	ADP
cjfa-3263	142	39	the	the	DET
cjfa-3263	142	40	area	area	NOUN
cjfa-3263	142	41	of	of	ADP
cjfa-3263	142	42	attracting	attract	VERB
cjfa-3263	142	43	new	new	ADJ
cjfa-3263	142	44	sources	source	NOUN
cjfa-3263	142	45	of	of	ADP
cjfa-3263	142	46	raw	raw	ADJ
cjfa-3263	142	47	materials	material	NOUN
cjfa-3263	142	48	,	,	PUNCT
cjfa-3263	142	49	participating	participate	VERB
cjfa-3263	142	50	in	in	ADP
cjfa-3263	142	51	the	the	DET
cjfa-3263	142	52	transfer	transfer	NOUN
cjfa-3263	142	53	of	of	ADP
cjfa-3263	142	54	techniques	technique	NOUN
cjfa-3263	142	55	and	and	CCONJ
cjfa-3263	142	56	environmental	environmental	ADJ
cjfa-3263	142	57	technologies	technology	NOUN
cjfa-3263	142	58	.	.	PUNCT
cjfa-3263	143	1	pricing	pricing	NOUN
cjfa-3263	143	2	model	model	NOUN
cjfa-3263	143	3	of	of	ADP
cjfa-3263	143	4	the	the	DET
cjfa-3263	143	5	real	real	ADJ
cjfa-3263	143	6	options	option	NOUN
cjfa-3263	143	7	in	in	ADP
cjfa-3263	143	8	pricing	pricing	NOUN
cjfa-3263	143	9	of	of	ADP
cjfa-3263	143	10	real	real	ADJ
cjfa-3263	143	11	options	option	NOUN
cjfa-3263	143	12	the	the	DET
cjfa-3263	143	13	most	most	ADV
cjfa-3263	143	14	frequently	frequently	ADV
cjfa-3263	143	15	applied	apply	VERB
cjfa-3263	143	16	models	model	NOUN
cjfa-3263	143	17	include	include	VERB
cjfa-3263	143	18	the	the	DET
cjfa-3263	143	19	black	black	ADJ
cjfa-3263	143	20	-	-	PUNCT
cjfa-3263	143	21	scholes	schole	NOUN
cjfa-3263	143	22	model	model	NOUN
cjfa-3263	143	23	(	(	PUNCT
cjfa-3263	143	24	a	a	DET
cjfa-3263	143	25	continuous	continuous	ADJ
cjfa-3263	143	26	model	model	NOUN
cjfa-3263	143	27	)	)	PUNCT
cjfa-3263	143	28	and	and	CCONJ
cjfa-3263	143	29	the	the	DET
cjfa-3263	143	30	cox	cox	PROPN
cjfa-3263	143	31	-	-	PUNCT
cjfa-3263	143	32	ross	ross	PROPN
cjfa-3263	143	33	-	-	PROPN
cjfa-3263	143	34	rubinstein	rubinstein	PROPN
cjfa-3263	143	35	option	option	NOUN
cjfa-3263	143	36	pricing	pricing	NOUN
cjfa-3263	143	37	model	model	NOUN
cjfa-3263	143	38	(	(	PUNCT
cjfa-3263	143	39	a	a	DET
cjfa-3263	143	40	binomial	binomial	ADJ
cjfa-3263	143	41	model	model	NOUN
cjfa-3263	143	42	)	)	PUNCT
cjfa-3263	143	43	(	(	PUNCT
cjfa-3263	143	44	amram	amram	NOUN
cjfa-3263	143	45	,	,	PUNCT
cjfa-3263	143	46	kulatilaka	kulatilaka	NOUN
cjfa-3263	143	47	1999	1999	NUM
cjfa-3263	143	48	;	;	PUNCT
cjfa-3263	143	49	brach	brach	PROPN
cjfa-3263	143	50	2002	2002	NUM
cjfa-3263	143	51	;	;	PUNCT
cjfa-3263	143	52	copeland	copeland	PROPN
cjfa-3263	143	53	,	,	PUNCT
cjfa-3263	143	54	anticarov	anticarov	PROPN
cjfa-3263	143	55	2001	2001	NUM
cjfa-3263	143	56	;	;	PUNCT
cjfa-3263	143	57	trigeorgis	trigeorgis	NOUN
cjfa-3263	143	58	1999	1999	NUM
cjfa-3263	143	59	;	;	PUNCT
cjfa-3263	143	60	dziawgo	dziawgo	PROPN
cjfa-3263	143	61	2003	2003	NUM
cjfa-3263	143	62	)	)	PUNCT
cjfa-3263	143	63	.	.	PUNCT
cjfa-3263	144	1	the	the	DET
cjfa-3263	144	2	black	black	ADJ
cjfa-3263	144	3	-	-	PUNCT
cjfa-3263	144	4	scholes	schole	NOUN
cjfa-3263	144	5	model	model	NOUN
cjfa-3263	144	6	assumes	assume	VERB
cjfa-3263	144	7	that	that	SCONJ
cjfa-3263	144	8	the	the	DET
cjfa-3263	144	9	value	value	NOUN
cjfa-3263	144	10	of	of	ADP
cjfa-3263	144	11	the	the	DET
cjfa-3263	144	12	underlying	underlie	VERB
cjfa-3263	144	13	asset	asset	NOUN
cjfa-3263	144	14	changes	change	NOUN
cjfa-3263	144	15	continuously	continuously	ADV
cjfa-3263	144	16	.	.	PUNCT
cjfa-3263	145	1	this	this	DET
cjfa-3263	145	2	model	model	NOUN
cjfa-3263	145	3	is	be	AUX
cjfa-3263	145	4	used	use	VERB
cjfa-3263	145	5	for	for	ADP
cjfa-3263	145	6	european	european	ADJ
cjfa-3263	145	7	-	-	PUNCT
cjfa-3263	145	8	style	style	NOUN
cjfa-3263	145	9	options	option	NOUN
cjfa-3263	145	10	.	.	PUNCT
cjfa-3263	146	1	the	the	DET
cjfa-3263	146	2	value	value	NOUN
cjfa-3263	146	3	of	of	ADP
cjfa-3263	146	4	a	a	DET
cjfa-3263	146	5	real	real	ADJ
cjfa-3263	146	6	call	call	NOUN
cjfa-3263	146	7	option	option	NOUN
cjfa-3263	146	8	derived	derive	VERB
cjfa-3263	146	9	from	from	ADP
cjfa-3263	146	10	the	the	DET
cjfa-3263	146	11	application	application	NOUN
cjfa-3263	146	12	of	of	ADP
cjfa-3263	146	13	the	the	DET
cjfa-3263	146	14	black	black	ADJ
cjfa-3263	146	15	-	-	PUNCT
cjfa-3263	146	16	scholes	schole	NOUN
cjfa-3263	146	17	model	model	NOUN
cjfa-3263	146	18	at	at	ADP
cjfa-3263	146	19	the	the	DET
cjfa-3263	146	20	t	t	PROPN
cjfa-3263	146	21	moment	moment	NOUN
cjfa-3263	146	22	is	be	AUX
cjfa-3263	146	23	:	:	PUNCT
cjfa-3263	146	24	)	)	PUNCT
cjfa-3263	146	25	(	(	PUNCT
cjfa-3263	146	26	)	)	PUNCT
cjfa-3263	146	27	(	(	PUNCT
cjfa-3263	146	28	)	)	PUNCT
cjfa-3263	146	29	(	(	PUNCT
cjfa-3263	146	30	2	2	X
cjfa-3263	146	31	)	)	PUNCT
cjfa-3263	146	32	(	(	PUNCT
cjfa-3263	146	33	1	1	NUM
cjfa-3263	146	34	dneidnvkrov	dneidnvkrov	VERB
cjfa-3263	146	35	ttr	ttr	PROPN
cjfa-3263	146	36	t	t	PROPN
cjfa-3263	146	37			NOUN
cjfa-3263	146	38	(	(	PUNCT
cjfa-3263	146	39	1	1	X
cjfa-3263	146	40	)	)	PUNCT
cjfa-3263	146	41	where	where	SCONJ
cjfa-3263	146	42	:	:	PUNCT
cjfa-3263	146	43	)	)	PUNCT
cjfa-3263	146	44	(	(	PUNCT
cjfa-3263	146	45	krovt	krovt	NOUN
cjfa-3263	146	46	–	–	PUNCT
cjfa-3263	146	47	the	the	DET
cjfa-3263	146	48	value	value	NOUN
cjfa-3263	146	49	of	of	ADP
cjfa-3263	146	50	the	the	DET
cjfa-3263	146	51	call	call	NOUN
cjfa-3263	146	52	real	real	ADJ
cjfa-3263	146	53	option	option	NOUN
cjfa-3263	146	54	at	at	ADP
cjfa-3263	146	55	the	the	DET
cjfa-3263	146	56	time	time	NOUN
cjfa-3263	146	57	t	t	PROPN
cjfa-3263	146	58	,	,	PUNCT
cjfa-3263	146	59	v	v	INTJ
cjfa-3263	146	60	–	–	PUNCT
cjfa-3263	146	61	the	the	DET
cjfa-3263	146	62	current	current	ADJ
cjfa-3263	146	63	value	value	NOUN
cjfa-3263	146	64	of	of	ADP
cjfa-3263	146	65	the	the	DET
cjfa-3263	146	66	cash	cash	NOUN
cjfa-3263	146	67	flows	flow	NOUN
cjfa-3263	146	68	generated	generate	VERB
cjfa-3263	146	69	by	by	ADP
cjfa-3263	146	70	the	the	DET
cjfa-3263	146	71	investment	investment	NOUN
cjfa-3263	146	72	,	,	PUNCT
cjfa-3263	146	73	r	r	NOUN
cjfa-3263	146	74	–	–	PUNCT
cjfa-3263	146	75	risk	risk	NOUN
cjfa-3263	146	76	-	-	PUNCT
cjfa-3263	146	77	free	free	ADJ
cjfa-3263	146	78	interest	interest	NOUN
cjfa-3263	146	79	rate	rate	NOUN
cjfa-3263	146	80	,	,	PUNCT
cjfa-3263	146	81	i	i	PRON
cjfa-3263	146	82	–	–	PUNCT
cjfa-3263	146	83	the	the	DET
cjfa-3263	146	84	current	current	ADJ
cjfa-3263	146	85	value	value	NOUN
cjfa-3263	146	86	of	of	ADP
cjfa-3263	146	87	the	the	DET
cjfa-3263	146	88	expenditure	expenditure	NOUN
cjfa-3263	146	89	related	relate	VERB
cjfa-3263	146	90	to	to	ADP
cjfa-3263	146	91	the	the	DET
cjfa-3263	146	92	investment	investment	NOUN
cjfa-3263	146	93	,	,	PUNCT
cjfa-3263	146	94	t	t	PROPN
cjfa-3263	146	95	–	–	PUNCT
cjfa-3263	146	96	time	time	NOUN
cjfa-3263	146	97	to	to	ADP
cjfa-3263	146	98	the	the	DET
cjfa-3263	146	99	option	option	NOUN
cjfa-3263	146	100	expiration	expiration	NOUN
cjfa-3263	146	101	,	,	PUNCT
cjfa-3263	146	102	]	]	X
cjfa-3263	146	103	,	,	PUNCT
cjfa-3263	146	104	0	0	NUM
cjfa-3263	146	105	[	[	PUNCT
cjfa-3263	146	106	tt	tt	PROPN
cjfa-3263	146	107			NOUN
cjfa-3263	146	108	,	,	PUNCT
cjfa-3263	146	109	)	)	PUNCT
cjfa-3263	146	110	(	(	PUNCT
cjfa-3263	146	111	dn	dn	X
cjfa-3263	146	112	–	–	PUNCT
cjfa-3263	146	113	cumulative	cumulative	ADJ
cjfa-3263	146	114	probability	probability	NOUN
cjfa-3263	146	115	function	function	NOUN
cjfa-3263	146	116	for	for	ADP
cjfa-3263	146	117	a	a	DET
cjfa-3263	146	118	standard	standard	ADJ
cjfa-3263	146	119	normal	normal	ADJ
cjfa-3263	146	120	variable	variable	ADJ
cjfa-3263	146	121	distribution	distribution	NOUN
cjfa-3263	146	122	,	,	PUNCT
cjfa-3263	146	123			PROPN
cjfa-3263	146	124	–	–	PUNCT
cjfa-3263	146	125	the	the	DET
cjfa-3263	146	126	coefficient	coefficient	NOUN
cjfa-3263	146	127	of	of	ADP
cjfa-3263	146	128	volatility	volatility	NOUN
cjfa-3263	146	129	of	of	ADP
cjfa-3263	146	130	the	the	DET
cjfa-3263	146	131	cash	cash	NOUN
cjfa-3263	146	132	flows	flow	NOUN
cjfa-3263	146	133	generated	generate	VERB
cjfa-3263	146	134	by	by	ADP
cjfa-3263	146	135	the	the	DET
cjfa-3263	146	136	investment	investment	NOUN
cjfa-3263	146	137	,	,	PUNCT
cjfa-3263	146	138			X
cjfa-3263	146	139			X
cjfa-3263	146	140			VERB
cjfa-3263	146	141			NUM
cjfa-3263	147	1	d	d	NOUN
cjfa-3263	147	2	x	x	PUNCT
cjfa-3263	147	3	dxedn	dxedn	NOUN
cjfa-3263	147	4	2	2	NUM
cjfa-3263	147	5	2	2	NUM
cjfa-3263	147	6	2	2	NUM
cjfa-3263	147	7	1	1	NUM
cjfa-3263	147	8	)	)	PUNCT
cjfa-3263	147	9	(	(	PUNCT
cjfa-3263	147	10			PROPN
cjfa-3263	147	11	,	,	PUNCT
cjfa-3263	147	12			PROPN
cjfa-3263	147	13			PROPN
cjfa-3263	147	14	ttr	ttr	NOUN
cjfa-3263	147	15	i	i	NOUN
cjfa-3263	147	16	v	v	NOUN
cjfa-3263	147	17	d	d	NOUN
cjfa-3263	147	18			NOUN
cjfa-3263	147	19			NOUN
cjfa-3263	147	20			PROPN
cjfa-3263	147	21			PROPN
cjfa-3263	147	22			PROPN
cjfa-3263	147	23			NOUN
cjfa-3263	147	24			NOUN
cjfa-3263	147	25			ADJ
cjfa-3263	147	26	2	2	NUM
cjfa-3263	147	27	ln	ln	NOUN
cjfa-3263	147	28	2	2	NUM
cjfa-3263	147	29	1	1	NUM
cjfa-3263	147	30	,	,	PUNCT
cjfa-3263	147	31	ttdd	ttdd	NOUN
cjfa-3263	147	32			NUM
cjfa-3263	147	33	12	12	ADJ
cjfa-3263	147	34	.	.	PUNCT
cjfa-3263	148	1	the	the	DET
cjfa-3263	148	2	value	value	NOUN
cjfa-3263	148	3	of	of	ADP
cjfa-3263	148	4	the	the	DET
cjfa-3263	148	5	put	put	ADJ
cjfa-3263	148	6	real	real	ADJ
cjfa-3263	148	7	option	option	NOUN
cjfa-3263	148	8	at	at	ADP
cjfa-3263	148	9	the	the	DET
cjfa-3263	148	10	time	time	NOUN
cjfa-3263	148	11	t	t	PROPN
cjfa-3263	148	12	is	be	AUX
cjfa-3263	148	13	:	:	PUNCT
cjfa-3263	148	14	)	)	PUNCT
cjfa-3263	148	15	(	(	PUNCT
cjfa-3263	148	16	)	)	PUNCT
cjfa-3263	148	17	(	(	PUNCT
cjfa-3263	148	18	)	)	PUNCT
cjfa-3263	148	19	(	(	PUNCT
cjfa-3263	148	20	12	12	NUM
cjfa-3263	148	21	)	)	PUNCT
cjfa-3263	148	22	(	(	PUNCT
cjfa-3263	148	23	dnvdneisrov	dnvdneisrov	PROPN
cjfa-3263	148	24	ttr	ttr	PROPN
cjfa-3263	148	25	t	t	PROPN
cjfa-3263	148	26			PROPN
cjfa-3263	148	27			NUM
cjfa-3263	148	28	,	,	PUNCT
cjfa-3263	148	29	(	(	PUNCT
cjfa-3263	148	30	2	2	NUM
cjfa-3263	148	31	)	)	PUNCT
cjfa-3263	148	32	(	(	PUNCT
cjfa-3263	148	33	2	2	X
cjfa-3263	148	34	)	)	PUNCT
cjfa-3263	148	35	where	where	SCONJ
cjfa-3263	148	36	:	:	PUNCT
cjfa-3263	148	37	where	where	SCONJ
cjfa-3263	148	38	:	:	PUNCT
cjfa-3263	148	39	)	)	PUNCT
cjfa-3263	148	40	(	(	PUNCT
cjfa-3263	148	41	srovt	srovt	NOUN
cjfa-3263	148	42	–	–	PUNCT
cjfa-3263	148	43	the	the	DET
cjfa-3263	148	44	value	value	NOUN
cjfa-3263	148	45	of	of	ADP
cjfa-3263	148	46	the	the	DET
cjfa-3263	148	47	put	put	ADJ
cjfa-3263	148	48	real	real	ADJ
cjfa-3263	148	49	option	option	NOUN
cjfa-3263	148	50	at	at	ADP
cjfa-3263	148	51	the	the	DET
cjfa-3263	148	52	time	time	NOUN
cjfa-3263	148	53	t	t	NOUN
cjfa-3263	148	54	,	,	PUNCT
cjfa-3263	148	55	other	other	ADJ
cjfa-3263	148	56	designations	designation	NOUN
cjfa-3263	148	57	remain	remain	VERB
cjfa-3263	148	58	the	the	DET
cjfa-3263	148	59	same	same	ADJ
cjfa-3263	148	60	as	as	ADP
cjfa-3263	148	61	in	in	ADP
cjfa-3263	148	62	formula	formula	NOUN
cjfa-3263	148	63	(	(	PUNCT
cjfa-3263	148	64	1	1	NUM
cjfa-3263	148	65	)	)	PUNCT
cjfa-3263	148	66	.	.	PUNCT
cjfa-3263	149	1	it	it	PRON
cjfa-3263	149	2	is	be	AUX
cjfa-3263	149	3	assumed	assume	VERB
cjfa-3263	149	4	in	in	ADP
cjfa-3263	149	5	the	the	DET
cjfa-3263	149	6	cox	cox	PROPN
cjfa-3263	149	7	-	-	PUNCT
cjfa-3263	149	8	ross	ross	PROPN
cjfa-3263	149	9	-	-	PROPN
cjfa-3263	149	10	rubinstein	rubinstein	PROPN
cjfa-3263	149	11	that	that	SCONJ
cjfa-3263	149	12	the	the	DET
cjfa-3263	149	13	value	value	NOUN
cjfa-3263	149	14	of	of	ADP
cjfa-3263	149	15	the	the	DET
cjfa-3263	149	16	underlying	underlie	VERB
cjfa-3263	149	17	asset	asset	NOUN
cjfa-3263	149	18	changes	change	NOUN
cjfa-3263	149	19	in	in	ADP
cjfa-3263	149	20	a	a	DET
cjfa-3263	149	21	discrete	discrete	ADJ
cjfa-3263	149	22	manner	manner	NOUN
cjfa-3263	149	23	,	,	PUNCT
cjfa-3263	149	24	i.e.	i.e.	X
cjfa-3263	149	25	,	,	PUNCT
cjfa-3263	149	26	changes	change	NOUN
cjfa-3263	149	27	in	in	ADP
cjfa-3263	149	28	the	the	DET
cjfa-3263	149	29	value	value	NOUN
cjfa-3263	149	30	of	of	ADP
cjfa-3263	149	31	the	the	DET
cjfa-3263	149	32	underlying	underlie	VERB
cjfa-3263	149	33	asset	asset	NOUN
cjfa-3263	149	34	are	be	AUX
cjfa-3263	149	35	abrupt	abrupt	ADJ
cjfa-3263	149	36	.	.	PUNCT
cjfa-3263	150	1	this	this	DET
cjfa-3263	150	2	model	model	NOUN
cjfa-3263	150	3	is	be	AUX
cjfa-3263	150	4	used	use	VERB
cjfa-3263	150	5	in	in	ADP
cjfa-3263	150	6	the	the	DET
cjfa-3263	150	7	evaluation	evaluation	NOUN
cjfa-3263	150	8	of	of	ADP
cjfa-3263	150	9	options	option	NOUN
cjfa-3263	150	10	of	of	ADP
cjfa-3263	150	11	both	both	CCONJ
cjfa-3263	150	12	european	european	ADJ
cjfa-3263	150	13	and	and	CCONJ
cjfa-3263	150	14	american	american	PROPN
cjfa-3263	150	15	.	.	PUNCT
cjfa-3263	151	1	using	use	VERB
cjfa-3263	151	2	a	a	DET
cjfa-3263	151	3	binomial	binomial	ADJ
cjfa-3263	151	4	model	model	NOUN
cjfa-3263	151	5	,	,	PUNCT
cjfa-3263	151	6	the	the	DET
cjfa-3263	151	7	value	value	NOUN
cjfa-3263	151	8	of	of	ADP
cjfa-3263	151	9	a	a	DET
cjfa-3263	151	10	call	call	NOUN
cjfa-3263	151	11	real	real	ADJ
cjfa-3263	151	12	option	option	NOUN
cjfa-3263	151	13	(	(	PUNCT
cjfa-3263	151	14	with	with	ADP
cjfa-3263	151	15	n	n	PRON
cjfa-3263	151	16	moments	moment	NOUN
cjfa-3263	151	17	of	of	ADP
cjfa-3263	151	18	realization	realization	NOUN
cjfa-3263	151	19	)	)	PUNCT
cjfa-3263	151	20	is	be	AUX
cjfa-3263	151	21	the	the	DET
cjfa-3263	151	22	following	follow	VERB
cjfa-3263	151	23	:	:	PUNCT
cjfa-3263	151	24			NOUN
cjfa-3263	151	25			PROPN
cjfa-3263	151	26			NOUN
cjfa-3263	151	27			PROPN
cjfa-3263	151	28	kn	kn	PROPN
cjfa-3263	151	29	n	n	ADV
cjfa-3263	151	30	kk	kk	PROPN
cjfa-3263	151	31	kn	kn	PROPN
cjfa-3263	151	32	kn	kn	PROPN
cjfa-3263	151	33	n	n	PROPN
cjfa-3263	152	1	kk	kk	INTJ
cjfa-3263	152	2	knkn	knkn	VERB
cjfa-3263	152	3	kt	kt	PROPN
cjfa-3263	152	4	pp	pp	ADV
cjfa-3263	152	5	r	r	PROPN
cjfa-3263	152	6	iqqvkrov	iqqvkrov	ADJ
cjfa-3263	152	7			NOUN
cjfa-3263	152	8			NUM
cjfa-3263	152	9			PROPN
cjfa-3263	152	10			PROPN
cjfa-3263	152	11			VERB
cjfa-3263	152	12			PUNCT
cjfa-3263	152	13			X
cjfa-3263	152	14	)	)	PUNCT
cjfa-3263	152	15	1	1	NUM
cjfa-3263	152	16	(	(	PUNCT
cjfa-3263	152	17	)	)	PUNCT
cjfa-3263	152	18	1	1	NUM
cjfa-3263	152	19	(	(	PUNCT
cjfa-3263	152	20	)	)	PUNCT
cjfa-3263	152	21	1	1	NUM
cjfa-3263	152	22	(	(	PUNCT
cjfa-3263	152	23	)	)	PUNCT
cjfa-3263	152	24	(	(	PUNCT
cjfa-3263	152	25	00	00	NUM
cjfa-3263	152	26	,	,	PUNCT
cjfa-3263	152	27	(	(	PUNCT
cjfa-3263	152	28	3	3	NUM
cjfa-3263	152	29	)	)	PUNCT
cjfa-3263	152	30	where	where	SCONJ
cjfa-3263	152	31	:	:	PUNCT
cjfa-3263	152	32	)	)	PUNCT
cjfa-3263	152	33	(	(	PUNCT
cjfa-3263	152	34	krovt	krovt	NOUN
cjfa-3263	152	35	–	–	PUNCT
cjfa-3263	152	36	the	the	DET
cjfa-3263	152	37	value	value	NOUN
cjfa-3263	152	38	of	of	ADP
cjfa-3263	152	39	the	the	DET
cjfa-3263	152	40	call	call	NOUN
cjfa-3263	152	41	real	real	ADJ
cjfa-3263	152	42	option	option	NOUN
cjfa-3263	152	43	at	at	ADP
cjfa-3263	152	44	the	the	DET
cjfa-3263	152	45	time	time	NOUN
cjfa-3263	152	46	t	t	NOUN
cjfa-3263	152	47	,	,	PUNCT
cjfa-3263	152	48	u	u	NOUN
cjfa-3263	152	49	–	–	PUNCT
cjfa-3263	152	50	an	an	DET
cjfa-3263	152	51	increase	increase	NOUN
cjfa-3263	152	52	factor	factor	NOUN
cjfa-3263	152	53	in	in	ADP
cjfa-3263	152	54	the	the	DET
cjfa-3263	152	55	value	value	NOUN
cjfa-3263	152	56	of	of	ADP
cjfa-3263	152	57	the	the	DET
cjfa-3263	152	58	underlying	underlie	VERB
cjfa-3263	152	59	asset	asset	NOUN
cjfa-3263	152	60	,	,	PUNCT
cjfa-3263	152	61	d	d	X
cjfa-3263	152	62	–	–	PUNCT
cjfa-3263	152	63	a	a	DET
cjfa-3263	152	64	fall	fall	NOUN
cjfa-3263	152	65	factor	factor	NOUN
cjfa-3263	152	66	of	of	ADP
cjfa-3263	152	67	the	the	DET
cjfa-3263	152	68	underlying	underlie	VERB
cjfa-3263	152	69	asset	asset	NOUN
cjfa-3263	152	70	,	,	PUNCT
cjfa-3263	152	71	urd	urd	ADJ
cjfa-3263	152	72	1	1	PROPN
cjfa-3263	152	73	,	,	PUNCT
cjfa-3263	152	74	p	p	NOUN
cjfa-3263	152	75	r	r	PROPN
cjfa-3263	152	76	uq	uq	NOUN
cjfa-3263	152	77			ADV
cjfa-3263	152	78			PROPN
cjfa-3263	152	79	1	1	NUM
cjfa-3263	152	80	,	,	PUNCT
cjfa-3263	152	81	du	du	PROPN
cjfa-3263	152	82	drp	drp	PROPN
cjfa-3263	152	83			PROPN
cjfa-3263	152	84			NOUN
cjfa-3263	152	85	1	1	NUM
cjfa-3263	152	86	,	,	PUNCT
cjfa-3263	152	87			PROPN
cjfa-3263	152	88	iduvnjk	iduvnjk	PROPN
cjfa-3263	152	89	jnj	jnj	PROPN
cjfa-3263	152	90			PROPN
cjfa-3263	152	91			PROPN
cjfa-3263	152	92	00	00	NUM
cjfa-3263	152	93	;	;	PUNCT
cjfa-3263	152	94	min	min	PROPN
cjfa-3263	152	95	,	,	PUNCT
cjfa-3263	152	96	other	other	ADJ
cjfa-3263	152	97	designations	designation	NOUN
cjfa-3263	152	98	remain	remain	VERB
cjfa-3263	152	99	the	the	DET
cjfa-3263	152	100	same	same	ADJ
cjfa-3263	152	101	as	as	ADP
cjfa-3263	152	102	in	in	ADP
cjfa-3263	152	103	formula	formula	NOUN
cjfa-3263	152	104	(	(	PUNCT
cjfa-3263	152	105	1	1	NUM
cjfa-3263	152	106	)	)	PUNCT
cjfa-3263	152	107	.	.	PUNCT
cjfa-3263	153	1	a	a	DET
cjfa-3263	153	2	binomial	binomial	ADJ
cjfa-3263	153	3	pricing	pricing	NOUN
cjfa-3263	153	4	model	model	NOUN
cjfa-3263	153	5	of	of	ADP
cjfa-3263	153	6	a	a	DET
cjfa-3263	153	7	put	put	ADJ
cjfa-3263	153	8	real	real	ADJ
cjfa-3263	153	9	option	option	NOUN
cjfa-3263	153	10	takes	take	VERB
cjfa-3263	153	11	the	the	DET
cjfa-3263	153	12	following	follow	VERB
cjfa-3263	153	13	form	form	NOUN
cjfa-3263	153	14	:	:	PUNCT
cjfa-3263	153	15			NOUN
cjfa-3263	153	16			PROPN
cjfa-3263	153	17			NOUN
cjfa-3263	153	18			NOUN
cjfa-3263	153	19			PRON
cjfa-3263	153	20			NOUN
cjfa-3263	153	21			NOUN
cjfa-3263	153	22			NOUN
cjfa-3263	153	23			ADV
cjfa-3263	153	24			PROPN
cjfa-3263	153	25	n	n	INTJ
cjfa-3263	153	26	kk	kk	INTJ
cjfa-3263	153	27	knkn	knkn	PROPN
cjfa-3263	154	1	k	k	PROPN
cjfa-3263	154	2	kn	kn	PROPN
cjfa-3263	154	3	n	n	PROPN
cjfa-3263	154	4	kk	kk	PROPN
cjfa-3263	154	5	kn	kn	PROPN
cjfa-3263	154	6	knt	knt	PROPN
cjfa-3263	154	7	qqvpp	qqvpp	PROPN
cjfa-3263	154	8	r	r	PROPN
cjfa-3263	154	9	isrov	isrov	VERB
cjfa-3263	154	10	00	00	PUNCT
cjfa-3263	154	11	)	)	PUNCT
cjfa-3263	154	12	1()1	1()1	NUM
cjfa-3263	154	13	(	(	PUNCT
cjfa-3263	154	14	)	)	PUNCT
cjfa-3263	154	15	1	1	NUM
cjfa-3263	154	16	(	(	PUNCT
cjfa-3263	154	17	)	)	PUNCT
cjfa-3263	154	18	(	(	PUNCT
cjfa-3263	154	19	,	,	PUNCT
cjfa-3263	154	20	(	(	PUNCT
cjfa-3263	154	21	4	4	NUM
cjfa-3263	154	22	)	)	PUNCT
cjfa-3263	154	23	where	where	SCONJ
cjfa-3263	154	24	:	:	PUNCT
cjfa-3263	154	25	)	)	PUNCT
cjfa-3263	154	26	(	(	PUNCT
cjfa-3263	154	27	srovt	srovt	NOUN
cjfa-3263	154	28	–	–	PUNCT
cjfa-3263	154	29	the	the	DET
cjfa-3263	154	30	value	value	NOUN
cjfa-3263	154	31	of	of	ADP
cjfa-3263	154	32	the	the	DET
cjfa-3263	154	33	put	put	ADJ
cjfa-3263	154	34	real	real	ADJ
cjfa-3263	154	35	option	option	NOUN
cjfa-3263	154	36	at	at	ADP
cjfa-3263	154	37	the	the	DET
cjfa-3263	154	38	time	time	NOUN
cjfa-3263	154	39	t	t	NOUN
cjfa-3263	154	40	,	,	PUNCT
cjfa-3263	154	41			PROPN
cjfa-3263	154	42	iduvnjk	iduvnjk	PROPN
cjfa-3263	154	43	jnj	jnj	PROPN
cjfa-3263	154	44			PUNCT
cjfa-3263	155	1			PROPN
cjfa-3263	155	2	00	00	NUM
cjfa-3263	155	3	;	;	PUNCT
cjfa-3263	155	4	min	min	PROPN
cjfa-3263	155	5	,	,	PUNCT
cjfa-3263	155	6	other	other	ADJ
cjfa-3263	155	7	designations	designation	NOUN
cjfa-3263	155	8	remain	remain	VERB
cjfa-3263	155	9	the	the	DET
cjfa-3263	155	10	same	same	ADJ
cjfa-3263	155	11	as	as	ADP
cjfa-3263	155	12	in	in	ADP
cjfa-3263	155	13	formula	formula	NOUN
cjfa-3263	155	14	(	(	PUNCT
cjfa-3263	155	15	3	3	NUM
cjfa-3263	155	16	)	)	PUNCT
cjfa-3263	155	17	.	.	PUNCT
cjfa-3263	156	1	if	if	SCONJ
cjfa-3263	156	2	the	the	DET
cjfa-3263	156	3	binomial	binomial	ADJ
cjfa-3263	156	4	model	model	NOUN
cjfa-3263	156	5	has	have	VERB
cjfa-3263	156	6	an	an	DET
cjfa-3263	156	7	increasing	increase	VERB
cjfa-3263	156	8	number	number	NOUN
cjfa-3263	156	9	of	of	ADP
cjfa-3263	156	10	the	the	DET
cjfa-3263	156	11	moments	moment	NOUN
cjfa-3263	156	12	of	of	ADP
cjfa-3263	156	13	realization	realization	NOUN
cjfa-3263	156	14	,	,	PUNCT
cjfa-3263	156	15	the	the	DET
cjfa-3263	156	16	result	result	NOUN
cjfa-3263	156	17	obtained	obtain	VERB
cjfa-3263	156	18	from	from	ADP
cjfa-3263	156	19	this	this	DET
cjfa-3263	156	20	model	model	NOUN
cjfa-3263	156	21	is	be	AUX
cjfa-3263	156	22	close	close	ADJ
cjfa-3263	156	23	to	to	ADP
cjfa-3263	156	24	the	the	DET
cjfa-3263	156	25	value	value	NOUN
cjfa-3263	156	26	of	of	ADP
cjfa-3263	156	27	the	the	DET
cjfa-3263	156	28	real	real	ADJ
cjfa-3263	156	29	option	option	NOUN
cjfa-3263	156	30	derived	derive	VERB
cjfa-3263	156	31	from	from	ADP
cjfa-3263	156	32	the	the	DET
cjfa-3263	156	33	blackscholes	blackschole	NOUN
cjfa-3263	156	34	model	model	NOUN
cjfa-3263	156	35	.	.	PUNCT
cjfa-3263	157	1	conclusions	conclusion	NOUN
cjfa-3263	157	2	pro	pro	ADJ
cjfa-3263	157	3	-	-	ADJ
cjfa-3263	157	4	ecological	ecological	ADJ
cjfa-3263	157	5	investments	investment	NOUN
cjfa-3263	157	6	are	be	AUX
cjfa-3263	157	7	often	often	ADV
cjfa-3263	157	8	characterized	characterize	VERB
cjfa-3263	157	9	by	by	ADP
cjfa-3263	157	10	the	the	DET
cjfa-3263	157	11	following	follow	VERB
cjfa-3263	157	12	properties	property	NOUN
cjfa-3263	157	13	:	:	PUNCT
cjfa-3263	157	14	–	–	PUNCT
cjfa-3263	157	15	in	in	ADP
cjfa-3263	157	16	the	the	DET
cjfa-3263	157	17	initial	initial	ADJ
cjfa-3263	157	18	phase	phase	NOUN
cjfa-3263	157	19	of	of	ADP
cjfa-3263	157	20	their	their	PRON
cjfa-3263	157	21	implementation	implementation	NOUN
cjfa-3263	157	22	,	,	PUNCT
cjfa-3263	157	23	significant	significant	ADJ
cjfa-3263	157	24	financial	financial	ADJ
cjfa-3263	157	25	outlays	outlay	NOUN
cjfa-3263	157	26	are	be	AUX
cjfa-3263	157	27	incurred	incur	VERB
cjfa-3263	157	28	,	,	PUNCT
cjfa-3263	157	29	–	–	PUNCT
cjfa-3263	157	30	in	in	ADP
cjfa-3263	157	31	a	a	DET
cjfa-3263	157	32	longer	long	ADJ
cjfa-3263	157	33	time	time	NOUN
cjfa-3263	157	34	period	period	NOUN
cjfa-3263	157	35	they	they	PRON
cjfa-3263	157	36	may	may	AUX
cjfa-3263	157	37	affect	affect	VERB
cjfa-3263	157	38	the	the	DET
cjfa-3263	157	39	reduction	reduction	NOUN
cjfa-3263	157	40	of	of	ADP
cjfa-3263	157	41	costs	cost	NOUN
cjfa-3263	157	42	related	relate	VERB
cjfa-3263	157	43	to	to	ADP
cjfa-3263	157	44	the	the	DET
cjfa-3263	157	45	functioning	functioning	NOUN
cjfa-3263	157	46	of	of	ADP
cjfa-3263	157	47	the	the	DET
cjfa-3263	157	48	company	company	NOUN
cjfa-3263	157	49	.	.	PUNCT
cjfa-3263	158	1	–	–	PUNCT
cjfa-3263	158	2	the	the	DET
cjfa-3263	158	3	value	value	NOUN
cjfa-3263	158	4	of	of	ADP
cjfa-3263	158	5	the	the	DET
cjfa-3263	158	6	put	put	ADJ
cjfa-3263	158	7	real	real	ADJ
cjfa-3263	158	8	option	option	NOUN
cjfa-3263	158	9	at	at	ADP
cjfa-3263	158	10	the	the	DET
cjfa-3263	158	11	time	time	NOUN
cjfa-3263	158	12	t	t	PROPN
cjfa-3263	158	13	,	,	PUNCT
cjfa-3263	158	14	other	other	ADJ
cjfa-3263	158	15	designations	designation	NOUN
cjfa-3263	158	16	remain	remain	VERB
cjfa-3263	158	17	the	the	DET
cjfa-3263	158	18	same	same	ADJ
cjfa-3263	158	19	as	as	ADP
cjfa-3263	158	20	in	in	ADP
cjfa-3263	158	21	formula	formula	NOUN
cjfa-3263	158	22	(	(	PUNCT
cjfa-3263	158	23	1	1	NUM
cjfa-3263	158	24	)	)	PUNCT
cjfa-3263	158	25	.	.	PUNCT
cjfa-3263	159	1	it	it	PRON
cjfa-3263	159	2	is	be	AUX
cjfa-3263	159	3	assumed	assume	VERB
cjfa-3263	159	4	in	in	ADP
cjfa-3263	159	5	the	the	DET
cjfa-3263	159	6	cox	cox	PROPN
cjfa-3263	159	7	-	-	PUNCT
cjfa-3263	159	8	ross	ross	PROPN
cjfa-3263	159	9	-	-	PROPN
cjfa-3263	159	10	rubinstein	rubinstein	PROPN
cjfa-3263	159	11	that	that	SCONJ
cjfa-3263	159	12	the	the	DET
cjfa-3263	159	13	value	value	NOUN
cjfa-3263	159	14	of	of	ADP
cjfa-3263	159	15	the	the	DET
cjfa-3263	159	16	underlying	underlie	VERB
cjfa-3263	159	17	asset	asset	NOUN
cjfa-3263	159	18	changes	change	NOUN
cjfa-3263	159	19	in	in	ADP
cjfa-3263	159	20	a	a	DET
cjfa-3263	159	21	discrete	discrete	ADJ
cjfa-3263	159	22	manner	manner	NOUN
cjfa-3263	159	23	,	,	PUNCT
cjfa-3263	159	24	i.e.	i.e.	X
cjfa-3263	159	25	,	,	PUNCT
cjfa-3263	159	26	changes	change	NOUN
cjfa-3263	159	27	in	in	ADP
cjfa-3263	159	28	the	the	DET
cjfa-3263	159	29	value	value	NOUN
cjfa-3263	159	30	of	of	ADP
cjfa-3263	159	31	the	the	DET
cjfa-3263	159	32	underlying	underlie	VERB
cjfa-3263	159	33	asset	asset	NOUN
cjfa-3263	159	34	are	be	AUX
cjfa-3263	159	35	abrupt	abrupt	ADJ
cjfa-3263	159	36	.	.	PUNCT
cjfa-3263	160	1	this	this	DET
cjfa-3263	160	2	model	model	NOUN
cjfa-3263	160	3	is	be	AUX
cjfa-3263	160	4	used	use	VERB
cjfa-3263	160	5	in	in	ADP
cjfa-3263	160	6	the	the	DET
cjfa-3263	160	7	evaluation	evaluation	NOUN
cjfa-3263	160	8	of	of	ADP
cjfa-3263	160	9	options	option	NOUN
cjfa-3263	160	10	of	of	ADP
cjfa-3263	160	11	both	both	CCONJ
cjfa-3263	160	12	european	european	ADJ
cjfa-3263	160	13	and	and	CCONJ
cjfa-3263	160	14	american	american	PROPN
cjfa-3263	160	15	.	.	PUNCT
cjfa-3263	161	1	using	use	VERB
cjfa-3263	161	2	a	a	DET
cjfa-3263	161	3	binomial	binomial	ADJ
cjfa-3263	161	4	model	model	NOUN
cjfa-3263	161	5	,	,	PUNCT
cjfa-3263	161	6	the	the	DET
cjfa-3263	161	7	value	value	NOUN
cjfa-3263	161	8	of	of	ADP
cjfa-3263	161	9	a	a	DET
cjfa-3263	161	10	call	call	NOUN
cjfa-3263	161	11	real	real	ADJ
cjfa-3263	161	12	option	option	NOUN
cjfa-3263	161	13	(	(	PUNCT
cjfa-3263	161	14	with	with	ADP
cjfa-3263	161	15	moments	moment	NOUN
cjfa-3263	161	16	of	of	ADP
cjfa-3263	161	17	realization	realization	NOUN
cjfa-3263	161	18	)	)	PUNCT
cjfa-3263	161	19	is	be	AUX
cjfa-3263	161	20	the	the	DET
cjfa-3263	161	21	following	following	NOUN
cjfa-3263	161	22	:	:	PUNCT
cjfa-3263	161	23	where	where	SCONJ
cjfa-3263	161	24	:	:	PUNCT
cjfa-3263	161	25	)	)	PUNCT
cjfa-3263	161	26	(	(	PUNCT
cjfa-3263	161	27	srovt	srovt	NOUN
cjfa-3263	161	28	–	–	PUNCT
cjfa-3263	161	29	the	the	DET
cjfa-3263	161	30	value	value	NOUN
cjfa-3263	161	31	of	of	ADP
cjfa-3263	161	32	the	the	DET
cjfa-3263	161	33	put	put	ADJ
cjfa-3263	161	34	real	real	ADJ
cjfa-3263	161	35	option	option	NOUN
cjfa-3263	161	36	at	at	ADP
cjfa-3263	161	37	the	the	DET
cjfa-3263	161	38	time	time	NOUN
cjfa-3263	161	39	t	t	NOUN
cjfa-3263	161	40	,	,	PUNCT
cjfa-3263	161	41	other	other	ADJ
cjfa-3263	161	42	designations	designation	NOUN
cjfa-3263	161	43	remain	remain	VERB
cjfa-3263	161	44	the	the	DET
cjfa-3263	161	45	same	same	ADJ
cjfa-3263	161	46	as	as	ADP
cjfa-3263	161	47	in	in	ADP
cjfa-3263	161	48	formula	formula	NOUN
cjfa-3263	161	49	(	(	PUNCT
cjfa-3263	161	50	1	1	NUM
cjfa-3263	161	51	)	)	PUNCT
cjfa-3263	161	52	.	.	PUNCT
cjfa-3263	162	1	it	it	PRON
cjfa-3263	162	2	is	be	AUX
cjfa-3263	162	3	assumed	assume	VERB
cjfa-3263	162	4	in	in	ADP
cjfa-3263	162	5	the	the	DET
cjfa-3263	162	6	cox	cox	PROPN
cjfa-3263	162	7	-	-	PUNCT
cjfa-3263	162	8	ross	ross	PROPN
cjfa-3263	162	9	-	-	PROPN
cjfa-3263	162	10	rubinstein	rubinstein	PROPN
cjfa-3263	162	11	that	that	SCONJ
cjfa-3263	162	12	the	the	DET
cjfa-3263	162	13	value	value	NOUN
cjfa-3263	162	14	of	of	ADP
cjfa-3263	162	15	the	the	DET
cjfa-3263	162	16	underlying	underlie	VERB
cjfa-3263	162	17	asset	asset	NOUN
cjfa-3263	162	18	changes	change	NOUN
cjfa-3263	162	19	in	in	ADP
cjfa-3263	162	20	a	a	DET
cjfa-3263	162	21	discrete	discrete	ADJ
cjfa-3263	162	22	manner	manner	NOUN
cjfa-3263	162	23	,	,	PUNCT
cjfa-3263	162	24	i.e.	i.e.	X
cjfa-3263	162	25	,	,	PUNCT
cjfa-3263	162	26	changes	change	NOUN
cjfa-3263	162	27	in	in	ADP
cjfa-3263	162	28	the	the	DET
cjfa-3263	162	29	value	value	NOUN
cjfa-3263	162	30	of	of	ADP
cjfa-3263	162	31	the	the	DET
cjfa-3263	162	32	underlying	underlie	VERB
cjfa-3263	162	33	asset	asset	NOUN
cjfa-3263	162	34	are	be	AUX
cjfa-3263	162	35	abrupt	abrupt	ADJ
cjfa-3263	162	36	.	.	PUNCT
cjfa-3263	163	1	this	this	DET
cjfa-3263	163	2	model	model	NOUN
cjfa-3263	163	3	is	be	AUX
cjfa-3263	163	4	used	use	VERB
cjfa-3263	163	5	in	in	ADP
cjfa-3263	163	6	the	the	DET
cjfa-3263	163	7	evaluation	evaluation	NOUN
cjfa-3263	163	8	of	of	ADP
cjfa-3263	163	9	options	option	NOUN
cjfa-3263	163	10	of	of	ADP
cjfa-3263	163	11	both	both	CCONJ
cjfa-3263	163	12	european	european	ADJ
cjfa-3263	163	13	and	and	CCONJ
cjfa-3263	163	14	american	american	PROPN
cjfa-3263	163	15	.	.	PUNCT
cjfa-3263	164	1	using	use	VERB
cjfa-3263	164	2	a	a	DET
cjfa-3263	164	3	binomial	binomial	ADJ
cjfa-3263	164	4	model	model	NOUN
cjfa-3263	164	5	,	,	PUNCT
cjfa-3263	164	6	the	the	DET
cjfa-3263	164	7	value	value	NOUN
cjfa-3263	164	8	of	of	ADP
cjfa-3263	164	9	a	a	DET
cjfa-3263	164	10	call	call	NOUN
cjfa-3263	164	11	real	real	ADJ
cjfa-3263	164	12	option	option	NOUN
cjfa-3263	164	13	(	(	PUNCT
cjfa-3263	164	14	with	with	ADP
cjfa-3263	164	15	n	n	PRON
cjfa-3263	164	16	moments	moment	NOUN
cjfa-3263	164	17	of	of	ADP
cjfa-3263	164	18	realization	realization	NOUN
cjfa-3263	164	19	)	)	PUNCT
cjfa-3263	164	20	is	be	AUX
cjfa-3263	164	21	the	the	DET
cjfa-3263	164	22	following	follow	VERB
cjfa-3263	164	23	:	:	PUNCT
cjfa-3263	164	24			NOUN
cjfa-3263	164	25			PROPN
cjfa-3263	164	26			NOUN
cjfa-3263	164	27			PROPN
cjfa-3263	164	28	kn	kn	PROPN
cjfa-3263	164	29	n	n	ADV
cjfa-3263	164	30	kk	kk	PROPN
cjfa-3263	164	31	kn	kn	PROPN
cjfa-3263	164	32	kn	kn	PROPN
cjfa-3263	164	33	n	n	PROPN
cjfa-3263	165	1	kk	kk	INTJ
cjfa-3263	165	2	knkn	knkn	VERB
cjfa-3263	165	3	kt	kt	PROPN
cjfa-3263	165	4	pp	pp	ADV
cjfa-3263	165	5	r	r	PROPN
cjfa-3263	165	6	iqqvkrov	iqqvkrov	ADJ
cjfa-3263	165	7			NOUN
cjfa-3263	165	8			NUM
cjfa-3263	165	9			PROPN
cjfa-3263	165	10			PROPN
cjfa-3263	165	11			VERB
cjfa-3263	165	12			PUNCT
cjfa-3263	165	13			X
cjfa-3263	165	14	)	)	PUNCT
cjfa-3263	165	15	1	1	NUM
cjfa-3263	165	16	(	(	PUNCT
cjfa-3263	165	17	)	)	PUNCT
cjfa-3263	165	18	1	1	NUM
cjfa-3263	165	19	(	(	PUNCT
cjfa-3263	165	20	)	)	PUNCT
cjfa-3263	165	21	1	1	NUM
cjfa-3263	165	22	(	(	PUNCT
cjfa-3263	165	23	)	)	PUNCT
cjfa-3263	165	24	(	(	PUNCT
cjfa-3263	165	25	00	00	NUM
cjfa-3263	165	26	,	,	PUNCT
cjfa-3263	165	27	(	(	PUNCT
cjfa-3263	165	28	3	3	NUM
cjfa-3263	165	29	)	)	PUNCT
cjfa-3263	165	30	where	where	SCONJ
cjfa-3263	165	31	:	:	PUNCT
cjfa-3263	165	32	)	)	PUNCT
cjfa-3263	165	33	(	(	PUNCT
cjfa-3263	165	34	krovt	krovt	NOUN
cjfa-3263	165	35	–	–	PUNCT
cjfa-3263	165	36	the	the	DET
cjfa-3263	165	37	value	value	NOUN
cjfa-3263	165	38	of	of	ADP
cjfa-3263	165	39	the	the	DET
cjfa-3263	165	40	call	call	NOUN
cjfa-3263	165	41	real	real	ADJ
cjfa-3263	165	42	option	option	NOUN
cjfa-3263	165	43	at	at	ADP
cjfa-3263	165	44	the	the	DET
cjfa-3263	165	45	time	time	NOUN
cjfa-3263	165	46	t	t	NOUN
cjfa-3263	165	47	,	,	PUNCT
cjfa-3263	165	48	u	u	NOUN
cjfa-3263	165	49	–	–	PUNCT
cjfa-3263	165	50	an	an	DET
cjfa-3263	165	51	increase	increase	NOUN
cjfa-3263	165	52	factor	factor	NOUN
cjfa-3263	165	53	in	in	ADP
cjfa-3263	165	54	the	the	DET
cjfa-3263	165	55	value	value	NOUN
cjfa-3263	165	56	of	of	ADP
cjfa-3263	165	57	the	the	DET
cjfa-3263	165	58	underlying	underlie	VERB
cjfa-3263	165	59	asset	asset	NOUN
cjfa-3263	165	60	,	,	PUNCT
cjfa-3263	165	61	d	d	X
cjfa-3263	165	62	–	–	PUNCT
cjfa-3263	165	63	a	a	DET
cjfa-3263	165	64	fall	fall	NOUN
cjfa-3263	165	65	factor	factor	NOUN
cjfa-3263	165	66	of	of	ADP
cjfa-3263	165	67	the	the	DET
cjfa-3263	165	68	underlying	underlie	VERB
cjfa-3263	165	69	asset	asset	NOUN
cjfa-3263	165	70	,	,	PUNCT
cjfa-3263	165	71	urd	urd	ADJ
cjfa-3263	165	72	1	1	PROPN
cjfa-3263	165	73	,	,	PUNCT
cjfa-3263	165	74	p	p	NOUN
cjfa-3263	165	75	r	r	PROPN
cjfa-3263	165	76	uq	uq	NOUN
cjfa-3263	165	77			ADV
cjfa-3263	165	78			PROPN
cjfa-3263	165	79	1	1	NUM
cjfa-3263	165	80	,	,	PUNCT
cjfa-3263	165	81	du	du	PROPN
cjfa-3263	165	82	drp	drp	PROPN
cjfa-3263	165	83			PROPN
cjfa-3263	165	84			NOUN
cjfa-3263	165	85	1	1	NUM
cjfa-3263	165	86	,	,	PUNCT
cjfa-3263	165	87			PROPN
cjfa-3263	165	88	iduvnjk	iduvnjk	PROPN
cjfa-3263	165	89	jnj	jnj	PROPN
cjfa-3263	165	90			PROPN
cjfa-3263	165	91			PROPN
cjfa-3263	165	92	00	00	NUM
cjfa-3263	165	93	;	;	PUNCT
cjfa-3263	165	94	min	min	PROPN
cjfa-3263	165	95	,	,	PUNCT
cjfa-3263	165	96	other	other	ADJ
cjfa-3263	165	97	designations	designation	NOUN
cjfa-3263	165	98	remain	remain	VERB
cjfa-3263	165	99	the	the	DET
cjfa-3263	165	100	same	same	ADJ
cjfa-3263	165	101	as	as	ADP
cjfa-3263	165	102	in	in	ADP
cjfa-3263	165	103	formula	formula	NOUN
cjfa-3263	165	104	(	(	PUNCT
cjfa-3263	165	105	1	1	NUM
cjfa-3263	165	106	)	)	PUNCT
cjfa-3263	165	107	.	.	PUNCT
cjfa-3263	166	1	a	a	DET
cjfa-3263	166	2	binomial	binomial	ADJ
cjfa-3263	166	3	pricing	pricing	NOUN
cjfa-3263	166	4	model	model	NOUN
cjfa-3263	166	5	of	of	ADP
cjfa-3263	166	6	a	a	DET
cjfa-3263	166	7	put	put	ADJ
cjfa-3263	166	8	real	real	ADJ
cjfa-3263	166	9	option	option	NOUN
cjfa-3263	166	10	takes	take	VERB
cjfa-3263	166	11	the	the	DET
cjfa-3263	166	12	following	follow	VERB
cjfa-3263	166	13	form	form	NOUN
cjfa-3263	166	14	:	:	PUNCT
cjfa-3263	166	15			NOUN
cjfa-3263	166	16			PROPN
cjfa-3263	166	17			NOUN
cjfa-3263	166	18			NOUN
cjfa-3263	166	19			PRON
cjfa-3263	166	20			NOUN
cjfa-3263	166	21			NOUN
cjfa-3263	166	22			NOUN
cjfa-3263	166	23			ADV
cjfa-3263	166	24			PROPN
cjfa-3263	166	25	n	n	INTJ
cjfa-3263	166	26	kk	kk	INTJ
cjfa-3263	166	27	knkn	knkn	PROPN
cjfa-3263	167	1	k	k	PROPN
cjfa-3263	167	2	kn	kn	PROPN
cjfa-3263	167	3	n	n	PROPN
cjfa-3263	167	4	kk	kk	PROPN
cjfa-3263	167	5	kn	kn	PROPN
cjfa-3263	167	6	knt	knt	PROPN
cjfa-3263	167	7	qqvpp	qqvpp	PROPN
cjfa-3263	167	8	r	r	PROPN
cjfa-3263	167	9	isrov	isrov	VERB
cjfa-3263	167	10	00	00	PUNCT
cjfa-3263	167	11	)	)	PUNCT
cjfa-3263	167	12	1()1	1()1	NUM
cjfa-3263	167	13	(	(	PUNCT
cjfa-3263	167	14	)	)	PUNCT
cjfa-3263	167	15	1	1	NUM
cjfa-3263	167	16	(	(	PUNCT
cjfa-3263	167	17	)	)	PUNCT
cjfa-3263	167	18	(	(	PUNCT
cjfa-3263	167	19	,	,	PUNCT
cjfa-3263	167	20	(	(	PUNCT
cjfa-3263	167	21	4	4	NUM
cjfa-3263	167	22	)	)	PUNCT
cjfa-3263	167	23	where	where	SCONJ
cjfa-3263	167	24	:	:	PUNCT
cjfa-3263	167	25	)	)	PUNCT
cjfa-3263	167	26	(	(	PUNCT
cjfa-3263	167	27	srovt	srovt	NOUN
cjfa-3263	167	28	–	–	PUNCT
cjfa-3263	167	29	the	the	DET
cjfa-3263	167	30	value	value	NOUN
cjfa-3263	167	31	of	of	ADP
cjfa-3263	167	32	the	the	DET
cjfa-3263	167	33	put	put	ADJ
cjfa-3263	167	34	real	real	ADJ
cjfa-3263	167	35	option	option	NOUN
cjfa-3263	167	36	at	at	ADP
cjfa-3263	167	37	the	the	DET
cjfa-3263	167	38	time	time	NOUN
cjfa-3263	167	39	t	t	NOUN
cjfa-3263	167	40	,	,	PUNCT
cjfa-3263	167	41			PROPN
cjfa-3263	167	42	iduvnjk	iduvnjk	PROPN
cjfa-3263	167	43	jnj	jnj	PROPN
cjfa-3263	167	44			PUNCT
cjfa-3263	168	1			PROPN
cjfa-3263	168	2	00	00	NUM
cjfa-3263	168	3	;	;	PUNCT
cjfa-3263	168	4	min	min	PROPN
cjfa-3263	168	5	,	,	PUNCT
cjfa-3263	168	6	other	other	ADJ
cjfa-3263	168	7	designations	designation	NOUN
cjfa-3263	168	8	remain	remain	VERB
cjfa-3263	168	9	the	the	DET
cjfa-3263	168	10	same	same	ADJ
cjfa-3263	168	11	as	as	ADP
cjfa-3263	168	12	in	in	ADP
cjfa-3263	168	13	formula	formula	NOUN
cjfa-3263	168	14	(	(	PUNCT
cjfa-3263	168	15	3	3	NUM
cjfa-3263	168	16	)	)	PUNCT
cjfa-3263	168	17	.	.	PUNCT
cjfa-3263	169	1	if	if	SCONJ
cjfa-3263	169	2	the	the	DET
cjfa-3263	169	3	binomial	binomial	ADJ
cjfa-3263	169	4	model	model	NOUN
cjfa-3263	169	5	has	have	VERB
cjfa-3263	169	6	an	an	DET
cjfa-3263	169	7	increasing	increase	VERB
cjfa-3263	169	8	number	number	NOUN
cjfa-3263	169	9	of	of	ADP
cjfa-3263	169	10	the	the	DET
cjfa-3263	169	11	moments	moment	NOUN
cjfa-3263	169	12	of	of	ADP
cjfa-3263	169	13	realization	realization	NOUN
cjfa-3263	169	14	,	,	PUNCT
cjfa-3263	169	15	the	the	DET
cjfa-3263	169	16	result	result	NOUN
cjfa-3263	169	17	obtained	obtain	VERB
cjfa-3263	169	18	from	from	ADP
cjfa-3263	169	19	this	this	DET
cjfa-3263	169	20	model	model	NOUN
cjfa-3263	169	21	is	be	AUX
cjfa-3263	169	22	close	close	ADJ
cjfa-3263	169	23	to	to	ADP
cjfa-3263	169	24	the	the	DET
cjfa-3263	169	25	value	value	NOUN
cjfa-3263	169	26	of	of	ADP
cjfa-3263	169	27	the	the	DET
cjfa-3263	169	28	real	real	ADJ
cjfa-3263	169	29	option	option	NOUN
cjfa-3263	169	30	derived	derive	VERB
cjfa-3263	169	31	from	from	ADP
cjfa-3263	169	32	the	the	DET
cjfa-3263	169	33	blackscholes	blackschole	NOUN
cjfa-3263	169	34	model	model	NOUN
cjfa-3263	169	35	.	.	PUNCT
cjfa-3263	170	1	conclusions	conclusion	NOUN
cjfa-3263	170	2	pro	pro	ADJ
cjfa-3263	170	3	-	-	ADJ
cjfa-3263	170	4	ecological	ecological	ADJ
cjfa-3263	170	5	investments	investment	NOUN
cjfa-3263	170	6	are	be	AUX
cjfa-3263	170	7	often	often	ADV
cjfa-3263	170	8	characterized	characterize	VERB
cjfa-3263	170	9	by	by	ADP
cjfa-3263	170	10	the	the	DET
cjfa-3263	170	11	following	follow	VERB
cjfa-3263	170	12	properties	property	NOUN
cjfa-3263	170	13	:	:	PUNCT
cjfa-3263	170	14	–	–	PUNCT
cjfa-3263	170	15	in	in	ADP
cjfa-3263	170	16	the	the	DET
cjfa-3263	170	17	initial	initial	ADJ
cjfa-3263	170	18	phase	phase	NOUN
cjfa-3263	170	19	of	of	ADP
cjfa-3263	170	20	their	their	PRON
cjfa-3263	170	21	implementation	implementation	NOUN
cjfa-3263	170	22	,	,	PUNCT
cjfa-3263	170	23	significant	significant	ADJ
cjfa-3263	170	24	financial	financial	ADJ
cjfa-3263	170	25	outlays	outlay	NOUN
cjfa-3263	170	26	are	be	AUX
cjfa-3263	170	27	incurred	incur	VERB
cjfa-3263	170	28	,	,	PUNCT
cjfa-3263	170	29	–	–	PUNCT
cjfa-3263	170	30	in	in	ADP
cjfa-3263	170	31	a	a	DET
cjfa-3263	170	32	longer	long	ADJ
cjfa-3263	170	33	time	time	NOUN
cjfa-3263	170	34	period	period	NOUN
cjfa-3263	170	35	they	they	PRON
cjfa-3263	170	36	may	may	AUX
cjfa-3263	170	37	affect	affect	VERB
cjfa-3263	170	38	the	the	DET
cjfa-3263	170	39	reduction	reduction	NOUN
cjfa-3263	170	40	of	of	ADP
cjfa-3263	170	41	costs	cost	NOUN
cjfa-3263	170	42	related	relate	VERB
cjfa-3263	170	43	to	to	ADP
cjfa-3263	170	44	the	the	DET
cjfa-3263	170	45	functioning	functioning	NOUN
cjfa-3263	170	46	of	of	ADP
cjfa-3263	170	47	the	the	DET
cjfa-3263	170	48	company	company	NOUN
cjfa-3263	170	49	.	.	PUNCT
cjfa-3263	171	1	(	(	PUNCT
cjfa-3263	171	2	3	3	X
cjfa-3263	171	3	)	)	PUNCT
cjfa-3263	171	4	where	where	SCONJ
cjfa-3263	171	5	:	:	PUNCT
cjfa-3263	171	6	where	where	SCONJ
cjfa-3263	171	7	:	:	PUNCT
cjfa-3263	171	8	)	)	PUNCT
cjfa-3263	171	9	(	(	PUNCT
cjfa-3263	171	10	srovt	srovt	NOUN
cjfa-3263	171	11	–	–	PUNCT
cjfa-3263	171	12	the	the	DET
cjfa-3263	171	13	value	value	NOUN
cjfa-3263	171	14	of	of	ADP
cjfa-3263	171	15	the	the	DET
cjfa-3263	171	16	put	put	ADJ
cjfa-3263	171	17	real	real	ADJ
cjfa-3263	171	18	option	option	NOUN
cjfa-3263	171	19	at	at	ADP
cjfa-3263	171	20	the	the	DET
cjfa-3263	171	21	time	time	NOUN
cjfa-3263	171	22	t	t	NOUN
cjfa-3263	171	23	,	,	PUNCT
cjfa-3263	171	24	other	other	ADJ
cjfa-3263	171	25	designations	designation	NOUN
cjfa-3263	171	26	remain	remain	VERB
cjfa-3263	171	27	the	the	DET
cjfa-3263	171	28	same	same	ADJ
cjfa-3263	171	29	as	as	ADP
cjfa-3263	171	30	in	in	ADP
cjfa-3263	171	31	formula	formula	NOUN
cjfa-3263	171	32	(	(	PUNCT
cjfa-3263	171	33	1	1	NUM
cjfa-3263	171	34	)	)	PUNCT
cjfa-3263	171	35	.	.	PUNCT
cjfa-3263	172	1	it	it	PRON
cjfa-3263	172	2	is	be	AUX
cjfa-3263	172	3	assumed	assume	VERB
cjfa-3263	172	4	in	in	ADP
cjfa-3263	172	5	the	the	DET
cjfa-3263	172	6	cox	cox	PROPN
cjfa-3263	172	7	-	-	PUNCT
cjfa-3263	172	8	ross	ross	PROPN
cjfa-3263	172	9	-	-	PROPN
cjfa-3263	172	10	rubinstein	rubinstein	PROPN
cjfa-3263	172	11	that	that	SCONJ
cjfa-3263	172	12	the	the	DET
cjfa-3263	172	13	value	value	NOUN
cjfa-3263	172	14	of	of	ADP
cjfa-3263	172	15	the	the	DET
cjfa-3263	172	16	underlying	underlie	VERB
cjfa-3263	172	17	asset	asset	NOUN
cjfa-3263	172	18	changes	change	NOUN
cjfa-3263	172	19	in	in	ADP
cjfa-3263	172	20	a	a	DET
cjfa-3263	172	21	discrete	discrete	ADJ
cjfa-3263	172	22	manner	manner	NOUN
cjfa-3263	172	23	,	,	PUNCT
cjfa-3263	172	24	i.e.	i.e.	X
cjfa-3263	172	25	,	,	PUNCT
cjfa-3263	172	26	changes	change	NOUN
cjfa-3263	172	27	in	in	ADP
cjfa-3263	172	28	the	the	DET
cjfa-3263	172	29	value	value	NOUN
cjfa-3263	172	30	of	of	ADP
cjfa-3263	172	31	the	the	DET
cjfa-3263	172	32	underlying	underlie	VERB
cjfa-3263	172	33	asset	asset	NOUN
cjfa-3263	172	34	are	be	AUX
cjfa-3263	172	35	abrupt	abrupt	ADJ
cjfa-3263	172	36	.	.	PUNCT
cjfa-3263	173	1	this	this	DET
cjfa-3263	173	2	model	model	NOUN
cjfa-3263	173	3	is	be	AUX
cjfa-3263	173	4	used	use	VERB
cjfa-3263	173	5	in	in	ADP
cjfa-3263	173	6	the	the	DET
cjfa-3263	173	7	evaluation	evaluation	NOUN
cjfa-3263	173	8	of	of	ADP
cjfa-3263	173	9	options	option	NOUN
cjfa-3263	173	10	of	of	ADP
cjfa-3263	173	11	both	both	CCONJ
cjfa-3263	173	12	european	european	ADJ
cjfa-3263	173	13	and	and	CCONJ
cjfa-3263	173	14	american	american	PROPN
cjfa-3263	173	15	.	.	PUNCT
cjfa-3263	174	1	using	use	VERB
cjfa-3263	174	2	a	a	DET
cjfa-3263	174	3	binomial	binomial	ADJ
cjfa-3263	174	4	model	model	NOUN
cjfa-3263	174	5	,	,	PUNCT
cjfa-3263	174	6	the	the	DET
cjfa-3263	174	7	value	value	NOUN
cjfa-3263	174	8	of	of	ADP
cjfa-3263	174	9	a	a	DET
cjfa-3263	174	10	call	call	NOUN
cjfa-3263	174	11	real	real	ADJ
cjfa-3263	174	12	option	option	NOUN
cjfa-3263	174	13	(	(	PUNCT
cjfa-3263	174	14	with	with	ADP
cjfa-3263	174	15	n	n	PRON
cjfa-3263	174	16	moments	moment	NOUN
cjfa-3263	174	17	of	of	ADP
cjfa-3263	174	18	realization	realization	NOUN
cjfa-3263	174	19	)	)	PUNCT
cjfa-3263	174	20	is	be	AUX
cjfa-3263	174	21	the	the	DET
cjfa-3263	174	22	following	follow	VERB
cjfa-3263	174	23	:	:	PUNCT
cjfa-3263	174	24			NOUN
cjfa-3263	174	25			PROPN
cjfa-3263	174	26			NOUN
cjfa-3263	174	27			PROPN
cjfa-3263	174	28	kn	kn	PROPN
cjfa-3263	174	29	n	n	ADV
cjfa-3263	174	30	kk	kk	PROPN
cjfa-3263	174	31	kn	kn	PROPN
cjfa-3263	174	32	kn	kn	PROPN
cjfa-3263	174	33	n	n	PROPN
cjfa-3263	175	1	kk	kk	INTJ
cjfa-3263	175	2	knkn	knkn	VERB
cjfa-3263	175	3	kt	kt	PROPN
cjfa-3263	175	4	pp	pp	ADV
cjfa-3263	175	5	r	r	PROPN
cjfa-3263	175	6	iqqvkrov	iqqvkrov	ADJ
cjfa-3263	175	7			NOUN
cjfa-3263	175	8			NUM
cjfa-3263	175	9			PROPN
cjfa-3263	175	10			PROPN
cjfa-3263	175	11			VERB
cjfa-3263	175	12			PUNCT
cjfa-3263	175	13			X
cjfa-3263	175	14	)	)	PUNCT
cjfa-3263	175	15	1	1	NUM
cjfa-3263	175	16	(	(	PUNCT
cjfa-3263	175	17	)	)	PUNCT
cjfa-3263	175	18	1	1	NUM
cjfa-3263	175	19	(	(	PUNCT
cjfa-3263	175	20	)	)	PUNCT
cjfa-3263	175	21	1	1	NUM
cjfa-3263	175	22	(	(	PUNCT
cjfa-3263	175	23	)	)	PUNCT
cjfa-3263	175	24	(	(	PUNCT
cjfa-3263	175	25	00	00	NUM
cjfa-3263	175	26	,	,	PUNCT
cjfa-3263	175	27	(	(	PUNCT
cjfa-3263	175	28	3	3	NUM
cjfa-3263	175	29	)	)	PUNCT
cjfa-3263	175	30	where	where	SCONJ
cjfa-3263	175	31	:	:	PUNCT
cjfa-3263	175	32	)	)	PUNCT
cjfa-3263	175	33	(	(	PUNCT
cjfa-3263	175	34	krovt	krovt	NOUN
cjfa-3263	175	35	–	–	PUNCT
cjfa-3263	175	36	the	the	DET
cjfa-3263	175	37	value	value	NOUN
cjfa-3263	175	38	of	of	ADP
cjfa-3263	175	39	the	the	DET
cjfa-3263	175	40	call	call	NOUN
cjfa-3263	175	41	real	real	ADJ
cjfa-3263	175	42	option	option	NOUN
cjfa-3263	175	43	at	at	ADP
cjfa-3263	175	44	the	the	DET
cjfa-3263	175	45	time	time	NOUN
cjfa-3263	175	46	t	t	NOUN
cjfa-3263	175	47	,	,	PUNCT
cjfa-3263	175	48	u	u	NOUN
cjfa-3263	175	49	–	–	PUNCT
cjfa-3263	175	50	an	an	DET
cjfa-3263	175	51	increase	increase	NOUN
cjfa-3263	175	52	factor	factor	NOUN
cjfa-3263	175	53	in	in	ADP
cjfa-3263	175	54	the	the	DET
cjfa-3263	175	55	value	value	NOUN
cjfa-3263	175	56	of	of	ADP
cjfa-3263	175	57	the	the	DET
cjfa-3263	175	58	underlying	underlie	VERB
cjfa-3263	175	59	asset	asset	NOUN
cjfa-3263	175	60	,	,	PUNCT
cjfa-3263	175	61	d	d	X
cjfa-3263	175	62	–	–	PUNCT
cjfa-3263	175	63	a	a	DET
cjfa-3263	175	64	fall	fall	NOUN
cjfa-3263	175	65	factor	factor	NOUN
cjfa-3263	175	66	of	of	ADP
cjfa-3263	175	67	the	the	DET
cjfa-3263	175	68	underlying	underlie	VERB
cjfa-3263	175	69	asset	asset	NOUN
cjfa-3263	175	70	,	,	PUNCT
cjfa-3263	175	71	urd	urd	ADJ
cjfa-3263	175	72	1	1	PROPN
cjfa-3263	175	73	,	,	PUNCT
cjfa-3263	175	74	p	p	NOUN
cjfa-3263	175	75	r	r	PROPN
cjfa-3263	175	76	uq	uq	NOUN
cjfa-3263	175	77			ADV
cjfa-3263	175	78			PROPN
cjfa-3263	175	79	1	1	NUM
cjfa-3263	175	80	,	,	PUNCT
cjfa-3263	175	81	du	du	PROPN
cjfa-3263	175	82	drp	drp	PROPN
cjfa-3263	175	83			PROPN
cjfa-3263	175	84			NOUN
cjfa-3263	175	85	1	1	NUM
cjfa-3263	175	86	,	,	PUNCT
cjfa-3263	175	87			PROPN
cjfa-3263	175	88	iduvnjk	iduvnjk	PROPN
cjfa-3263	175	89	jnj	jnj	PROPN
cjfa-3263	175	90			PROPN
cjfa-3263	175	91			PROPN
cjfa-3263	175	92	00	00	NUM
cjfa-3263	175	93	;	;	PUNCT
cjfa-3263	175	94	min	min	PROPN
cjfa-3263	175	95	,	,	PUNCT
cjfa-3263	175	96	other	other	ADJ
cjfa-3263	175	97	designations	designation	NOUN
cjfa-3263	175	98	remain	remain	VERB
cjfa-3263	175	99	the	the	DET
cjfa-3263	175	100	same	same	ADJ
cjfa-3263	175	101	as	as	ADP
cjfa-3263	175	102	in	in	ADP
cjfa-3263	175	103	formula	formula	NOUN
cjfa-3263	175	104	(	(	PUNCT
cjfa-3263	175	105	1	1	NUM
cjfa-3263	175	106	)	)	PUNCT
cjfa-3263	175	107	.	.	PUNCT
cjfa-3263	176	1	a	a	DET
cjfa-3263	176	2	binomial	binomial	ADJ
cjfa-3263	176	3	pricing	pricing	NOUN
cjfa-3263	176	4	model	model	NOUN
cjfa-3263	176	5	of	of	ADP
cjfa-3263	176	6	a	a	DET
cjfa-3263	176	7	put	put	ADJ
cjfa-3263	176	8	real	real	ADJ
cjfa-3263	176	9	option	option	NOUN
cjfa-3263	176	10	takes	take	VERB
cjfa-3263	176	11	the	the	DET
cjfa-3263	176	12	following	follow	VERB
cjfa-3263	176	13	form	form	NOUN
cjfa-3263	176	14	:	:	PUNCT
cjfa-3263	176	15			NOUN
cjfa-3263	176	16			PROPN
cjfa-3263	176	17			NOUN
cjfa-3263	176	18			NOUN
cjfa-3263	176	19			PRON
cjfa-3263	176	20			NOUN
cjfa-3263	176	21			NOUN
cjfa-3263	176	22			NOUN
cjfa-3263	176	23			ADV
cjfa-3263	176	24			PROPN
cjfa-3263	176	25	n	n	INTJ
cjfa-3263	176	26	kk	kk	INTJ
cjfa-3263	176	27	knkn	knkn	PROPN
cjfa-3263	177	1	k	k	PROPN
cjfa-3263	177	2	kn	kn	PROPN
cjfa-3263	177	3	n	n	PROPN
cjfa-3263	177	4	kk	kk	PROPN
cjfa-3263	177	5	kn	kn	PROPN
cjfa-3263	177	6	knt	knt	PROPN
cjfa-3263	177	7	qqvpp	qqvpp	PROPN
cjfa-3263	177	8	r	r	PROPN
cjfa-3263	177	9	isrov	isrov	VERB
cjfa-3263	177	10	00	00	PUNCT
cjfa-3263	177	11	)	)	PUNCT
cjfa-3263	177	12	1()1	1()1	NUM
cjfa-3263	177	13	(	(	PUNCT
cjfa-3263	177	14	)	)	PUNCT
cjfa-3263	177	15	1	1	NUM
cjfa-3263	177	16	(	(	PUNCT
cjfa-3263	177	17	)	)	PUNCT
cjfa-3263	177	18	(	(	PUNCT
cjfa-3263	177	19	,	,	PUNCT
cjfa-3263	177	20	(	(	PUNCT
cjfa-3263	177	21	4	4	NUM
cjfa-3263	177	22	)	)	PUNCT
cjfa-3263	177	23	where	where	SCONJ
cjfa-3263	177	24	:	:	PUNCT
cjfa-3263	177	25	)	)	PUNCT
cjfa-3263	177	26	(	(	PUNCT
cjfa-3263	177	27	srovt	srovt	NOUN
cjfa-3263	177	28	–	–	PUNCT
cjfa-3263	177	29	the	the	DET
cjfa-3263	177	30	value	value	NOUN
cjfa-3263	177	31	of	of	ADP
cjfa-3263	177	32	the	the	DET
cjfa-3263	177	33	put	put	ADJ
cjfa-3263	177	34	real	real	ADJ
cjfa-3263	177	35	option	option	NOUN
cjfa-3263	177	36	at	at	ADP
cjfa-3263	177	37	the	the	DET
cjfa-3263	177	38	time	time	NOUN
cjfa-3263	177	39	t	t	NOUN
cjfa-3263	177	40	,	,	PUNCT
cjfa-3263	177	41			PROPN
cjfa-3263	177	42	iduvnjk	iduvnjk	PROPN
cjfa-3263	177	43	jnj	jnj	PROPN
cjfa-3263	177	44			PUNCT
cjfa-3263	178	1			PROPN
cjfa-3263	178	2	00	00	NUM
cjfa-3263	178	3	;	;	PUNCT
cjfa-3263	178	4	min	min	PROPN
cjfa-3263	178	5	,	,	PUNCT
cjfa-3263	178	6	other	other	ADJ
cjfa-3263	178	7	designations	designation	NOUN
cjfa-3263	178	8	remain	remain	VERB
cjfa-3263	178	9	the	the	DET
cjfa-3263	178	10	same	same	ADJ
cjfa-3263	178	11	as	as	ADP
cjfa-3263	178	12	in	in	ADP
cjfa-3263	178	13	formula	formula	NOUN
cjfa-3263	178	14	(	(	PUNCT
cjfa-3263	178	15	3	3	NUM
cjfa-3263	178	16	)	)	PUNCT
cjfa-3263	178	17	.	.	PUNCT
cjfa-3263	179	1	if	if	SCONJ
cjfa-3263	179	2	the	the	DET
cjfa-3263	179	3	binomial	binomial	ADJ
cjfa-3263	179	4	model	model	NOUN
cjfa-3263	179	5	has	have	VERB
cjfa-3263	179	6	an	an	DET
cjfa-3263	179	7	increasing	increase	VERB
cjfa-3263	179	8	number	number	NOUN
cjfa-3263	179	9	of	of	ADP
cjfa-3263	179	10	the	the	DET
cjfa-3263	179	11	moments	moment	NOUN
cjfa-3263	179	12	of	of	ADP
cjfa-3263	179	13	realization	realization	NOUN
cjfa-3263	179	14	,	,	PUNCT
cjfa-3263	179	15	the	the	DET
cjfa-3263	179	16	result	result	NOUN
cjfa-3263	179	17	obtained	obtain	VERB
cjfa-3263	179	18	from	from	ADP
cjfa-3263	179	19	this	this	DET
cjfa-3263	179	20	model	model	NOUN
cjfa-3263	179	21	is	be	AUX
cjfa-3263	179	22	close	close	ADJ
cjfa-3263	179	23	to	to	ADP
cjfa-3263	179	24	the	the	DET
cjfa-3263	179	25	value	value	NOUN
cjfa-3263	179	26	of	of	ADP
cjfa-3263	179	27	the	the	DET
cjfa-3263	179	28	real	real	ADJ
cjfa-3263	179	29	option	option	NOUN
cjfa-3263	179	30	derived	derive	VERB
cjfa-3263	179	31	from	from	ADP
cjfa-3263	179	32	the	the	DET
cjfa-3263	179	33	blackscholes	blackschole	NOUN
cjfa-3263	179	34	model	model	NOUN
cjfa-3263	179	35	.	.	PUNCT
cjfa-3263	180	1	conclusions	conclusion	NOUN
cjfa-3263	180	2	pro	pro	ADJ
cjfa-3263	180	3	-	-	ADJ
cjfa-3263	180	4	ecological	ecological	ADJ
cjfa-3263	180	5	investments	investment	NOUN
cjfa-3263	180	6	are	be	AUX
cjfa-3263	180	7	often	often	ADV
cjfa-3263	180	8	characterized	characterize	VERB
cjfa-3263	180	9	by	by	ADP
cjfa-3263	180	10	the	the	DET
cjfa-3263	180	11	following	follow	VERB
cjfa-3263	180	12	properties	property	NOUN
cjfa-3263	180	13	:	:	PUNCT
cjfa-3263	180	14	–	–	PUNCT
cjfa-3263	180	15	in	in	ADP
cjfa-3263	180	16	the	the	DET
cjfa-3263	180	17	initial	initial	ADJ
cjfa-3263	180	18	phase	phase	NOUN
cjfa-3263	180	19	of	of	ADP
cjfa-3263	180	20	their	their	PRON
cjfa-3263	180	21	implementation	implementation	NOUN
cjfa-3263	180	22	,	,	PUNCT
cjfa-3263	180	23	significant	significant	ADJ
cjfa-3263	180	24	financial	financial	ADJ
cjfa-3263	180	25	outlays	outlay	NOUN
cjfa-3263	180	26	are	be	AUX
cjfa-3263	180	27	incurred	incur	VERB
cjfa-3263	180	28	,	,	PUNCT
cjfa-3263	180	29	–	–	PUNCT
cjfa-3263	180	30	in	in	ADP
cjfa-3263	180	31	a	a	DET
cjfa-3263	180	32	longer	long	ADJ
cjfa-3263	180	33	time	time	NOUN
cjfa-3263	180	34	period	period	NOUN
cjfa-3263	180	35	they	they	PRON
cjfa-3263	180	36	may	may	AUX
cjfa-3263	180	37	affect	affect	VERB
cjfa-3263	180	38	the	the	DET
cjfa-3263	180	39	reduction	reduction	NOUN
cjfa-3263	180	40	of	of	ADP
cjfa-3263	180	41	costs	cost	NOUN
cjfa-3263	180	42	related	relate	VERB
cjfa-3263	180	43	to	to	ADP
cjfa-3263	180	44	the	the	DET
cjfa-3263	180	45	functioning	functioning	NOUN
cjfa-3263	180	46	of	of	ADP
cjfa-3263	180	47	the	the	DET
cjfa-3263	180	48	company	company	NOUN
cjfa-3263	180	49	.	.	PUNCT
cjfa-3263	181	1	–	–	PUNCT
cjfa-3263	181	2	the	the	DET
cjfa-3263	181	3	value	value	NOUN
cjfa-3263	181	4	of	of	ADP
cjfa-3263	181	5	the	the	DET
cjfa-3263	181	6	call	call	NOUN
cjfa-3263	181	7	real	real	ADJ
cjfa-3263	181	8	option	option	NOUN
cjfa-3263	181	9	at	at	ADP
cjfa-3263	181	10	the	the	DET
cjfa-3263	181	11	time	time	NOUN
cjfa-3263	181	12	t	t	PROPN
cjfa-3263	181	13	,	,	PUNCT
cjfa-3263	181	14	u	u	NOUN
cjfa-3263	181	15	–	–	PUNCT
cjfa-3263	181	16	an	an	DET
cjfa-3263	181	17	increase	increase	NOUN
cjfa-3263	181	18	factor	factor	NOUN
cjfa-3263	181	19	in	in	ADP
cjfa-3263	181	20	the	the	DET
cjfa-3263	181	21	value	value	NOUN
cjfa-3263	181	22	of	of	ADP
cjfa-3263	181	23	the	the	DET
cjfa-3263	181	24	underlying	underlie	VERB
cjfa-3263	181	25	asset	asset	NOUN
cjfa-3263	181	26	,	,	PUNCT
cjfa-3263	181	27	d	d	X
cjfa-3263	181	28	–	–	PUNCT
cjfa-3263	181	29	a	a	DET
cjfa-3263	181	30	fall	fall	NOUN
cjfa-3263	181	31	factor	factor	NOUN
cjfa-3263	181	32	of	of	ADP
cjfa-3263	181	33	the	the	DET
cjfa-3263	181	34	underlying	underlie	VERB
cjfa-3263	181	35	asset	asset	NOUN
cjfa-3263	181	36	,	,	PUNCT
cjfa-3263	181	37	where	where	SCONJ
cjfa-3263	181	38	:	:	PUNCT
cjfa-3263	181	39	)	)	PUNCT
cjfa-3263	181	40	(	(	PUNCT
cjfa-3263	181	41	srovt	srovt	NOUN
cjfa-3263	181	42	–	–	PUNCT
cjfa-3263	181	43	the	the	DET
cjfa-3263	181	44	value	value	NOUN
cjfa-3263	181	45	of	of	ADP
cjfa-3263	181	46	the	the	DET
cjfa-3263	181	47	put	put	ADJ
cjfa-3263	181	48	real	real	ADJ
cjfa-3263	181	49	option	option	NOUN
cjfa-3263	181	50	at	at	ADP
cjfa-3263	181	51	the	the	DET
cjfa-3263	181	52	time	time	NOUN
cjfa-3263	181	53	t	t	NOUN
cjfa-3263	181	54	,	,	PUNCT
cjfa-3263	181	55	other	other	ADJ
cjfa-3263	181	56	designations	designation	NOUN
cjfa-3263	181	57	remain	remain	VERB
cjfa-3263	181	58	the	the	DET
cjfa-3263	181	59	same	same	ADJ
cjfa-3263	181	60	as	as	ADP
cjfa-3263	181	61	in	in	ADP
cjfa-3263	181	62	formula	formula	NOUN
cjfa-3263	181	63	(	(	PUNCT
cjfa-3263	181	64	1	1	NUM
cjfa-3263	181	65	)	)	PUNCT
cjfa-3263	181	66	.	.	PUNCT
cjfa-3263	182	1	it	it	PRON
cjfa-3263	182	2	is	be	AUX
cjfa-3263	182	3	assumed	assume	VERB
cjfa-3263	182	4	in	in	ADP
cjfa-3263	182	5	the	the	DET
cjfa-3263	182	6	cox	cox	PROPN
cjfa-3263	182	7	-	-	PUNCT
cjfa-3263	182	8	ross	ross	PROPN
cjfa-3263	182	9	-	-	PROPN
cjfa-3263	182	10	rubinstein	rubinstein	PROPN
cjfa-3263	182	11	that	that	SCONJ
cjfa-3263	182	12	the	the	DET
cjfa-3263	182	13	value	value	NOUN
cjfa-3263	182	14	of	of	ADP
cjfa-3263	182	15	the	the	DET
cjfa-3263	182	16	underlying	underlie	VERB
cjfa-3263	182	17	asset	asset	NOUN
cjfa-3263	182	18	changes	change	NOUN
cjfa-3263	182	19	in	in	ADP
cjfa-3263	182	20	a	a	DET
cjfa-3263	182	21	discrete	discrete	ADJ
cjfa-3263	182	22	manner	manner	NOUN
cjfa-3263	182	23	,	,	PUNCT
cjfa-3263	182	24	i.e.	i.e.	X
cjfa-3263	182	25	,	,	PUNCT
cjfa-3263	182	26	changes	change	NOUN
cjfa-3263	182	27	in	in	ADP
cjfa-3263	182	28	the	the	DET
cjfa-3263	182	29	value	value	NOUN
cjfa-3263	182	30	of	of	ADP
cjfa-3263	182	31	the	the	DET
cjfa-3263	182	32	underlying	underlie	VERB
cjfa-3263	182	33	asset	asset	NOUN
cjfa-3263	182	34	are	be	AUX
cjfa-3263	182	35	abrupt	abrupt	ADJ
cjfa-3263	182	36	.	.	PUNCT
cjfa-3263	183	1	this	this	DET
cjfa-3263	183	2	model	model	NOUN
cjfa-3263	183	3	is	be	AUX
cjfa-3263	183	4	used	use	VERB
cjfa-3263	183	5	in	in	ADP
cjfa-3263	183	6	the	the	DET
cjfa-3263	183	7	evaluation	evaluation	NOUN
cjfa-3263	183	8	of	of	ADP
cjfa-3263	183	9	options	option	NOUN
cjfa-3263	183	10	of	of	ADP
cjfa-3263	183	11	both	both	CCONJ
cjfa-3263	183	12	european	european	ADJ
cjfa-3263	183	13	and	and	CCONJ
cjfa-3263	183	14	american	american	PROPN
cjfa-3263	183	15	.	.	PUNCT
cjfa-3263	184	1	using	use	VERB
cjfa-3263	184	2	a	a	DET
cjfa-3263	184	3	binomial	binomial	ADJ
cjfa-3263	184	4	model	model	NOUN
cjfa-3263	184	5	,	,	PUNCT
cjfa-3263	184	6	the	the	DET
cjfa-3263	184	7	value	value	NOUN
cjfa-3263	184	8	of	of	ADP
cjfa-3263	184	9	a	a	DET
cjfa-3263	184	10	call	call	NOUN
cjfa-3263	184	11	real	real	ADJ
cjfa-3263	184	12	option	option	NOUN
cjfa-3263	184	13	(	(	PUNCT
cjfa-3263	184	14	with	with	ADP
cjfa-3263	184	15	n	n	PRON
cjfa-3263	184	16	moments	moment	NOUN
cjfa-3263	184	17	of	of	ADP
cjfa-3263	184	18	realization	realization	NOUN
cjfa-3263	184	19	)	)	PUNCT
cjfa-3263	184	20	is	be	AUX
cjfa-3263	184	21	the	the	DET
cjfa-3263	184	22	following	follow	VERB
cjfa-3263	184	23	:	:	PUNCT
cjfa-3263	184	24			NOUN
cjfa-3263	184	25			PROPN
cjfa-3263	184	26			NOUN
cjfa-3263	184	27			PROPN
cjfa-3263	184	28	kn	kn	PROPN
cjfa-3263	184	29	n	n	ADV
cjfa-3263	184	30	kk	kk	PROPN
cjfa-3263	184	31	kn	kn	PROPN
cjfa-3263	184	32	kn	kn	PROPN
cjfa-3263	184	33	n	n	PROPN
cjfa-3263	185	1	kk	kk	INTJ
cjfa-3263	185	2	knkn	knkn	VERB
cjfa-3263	185	3	kt	kt	PROPN
cjfa-3263	185	4	pp	pp	ADV
cjfa-3263	185	5	r	r	PROPN
cjfa-3263	185	6	iqqvkrov	iqqvkrov	ADJ
cjfa-3263	185	7			NOUN
cjfa-3263	185	8			NUM
cjfa-3263	185	9			PROPN
cjfa-3263	185	10			PROPN
cjfa-3263	185	11			VERB
cjfa-3263	185	12			PUNCT
cjfa-3263	185	13			X
cjfa-3263	185	14	)	)	PUNCT
cjfa-3263	185	15	1	1	NUM
cjfa-3263	185	16	(	(	PUNCT
cjfa-3263	185	17	)	)	PUNCT
cjfa-3263	185	18	1	1	NUM
cjfa-3263	185	19	(	(	PUNCT
cjfa-3263	185	20	)	)	PUNCT
cjfa-3263	185	21	1	1	NUM
cjfa-3263	185	22	(	(	PUNCT
cjfa-3263	185	23	)	)	PUNCT
cjfa-3263	185	24	(	(	PUNCT
cjfa-3263	185	25	00	00	NUM
cjfa-3263	185	26	,	,	PUNCT
cjfa-3263	185	27	(	(	PUNCT
cjfa-3263	185	28	3	3	NUM
cjfa-3263	185	29	)	)	PUNCT
cjfa-3263	185	30	where	where	SCONJ
cjfa-3263	185	31	:	:	PUNCT
cjfa-3263	185	32	)	)	PUNCT
cjfa-3263	185	33	(	(	PUNCT
cjfa-3263	185	34	krovt	krovt	NOUN
cjfa-3263	185	35	–	–	PUNCT
cjfa-3263	185	36	the	the	DET
cjfa-3263	185	37	value	value	NOUN
cjfa-3263	185	38	of	of	ADP
cjfa-3263	185	39	the	the	DET
cjfa-3263	185	40	call	call	NOUN
cjfa-3263	185	41	real	real	ADJ
cjfa-3263	185	42	option	option	NOUN
cjfa-3263	185	43	at	at	ADP
cjfa-3263	185	44	the	the	DET
cjfa-3263	185	45	time	time	NOUN
cjfa-3263	185	46	t	t	NOUN
cjfa-3263	185	47	,	,	PUNCT
cjfa-3263	185	48	u	u	NOUN
cjfa-3263	185	49	–	–	PUNCT
cjfa-3263	185	50	an	an	DET
cjfa-3263	185	51	increase	increase	NOUN
cjfa-3263	185	52	factor	factor	NOUN
cjfa-3263	185	53	in	in	ADP
cjfa-3263	185	54	the	the	DET
cjfa-3263	185	55	value	value	NOUN
cjfa-3263	185	56	of	of	ADP
cjfa-3263	185	57	the	the	DET
cjfa-3263	185	58	underlying	underlie	VERB
cjfa-3263	185	59	asset	asset	NOUN
cjfa-3263	185	60	,	,	PUNCT
cjfa-3263	185	61	d	d	X
cjfa-3263	185	62	–	–	PUNCT
cjfa-3263	185	63	a	a	DET
cjfa-3263	185	64	fall	fall	NOUN
cjfa-3263	185	65	factor	factor	NOUN
cjfa-3263	185	66	of	of	ADP
cjfa-3263	185	67	the	the	DET
cjfa-3263	185	68	underlying	underlie	VERB
cjfa-3263	185	69	asset	asset	NOUN
cjfa-3263	185	70	,	,	PUNCT
cjfa-3263	185	71	urd	urd	ADJ
cjfa-3263	185	72	1	1	PROPN
cjfa-3263	185	73	,	,	PUNCT
cjfa-3263	185	74	p	p	NOUN
cjfa-3263	185	75	r	r	PROPN
cjfa-3263	185	76	uq	uq	NOUN
cjfa-3263	185	77			ADV
cjfa-3263	185	78			PROPN
cjfa-3263	185	79	1	1	NUM
cjfa-3263	185	80	,	,	PUNCT
cjfa-3263	185	81	du	du	PROPN
cjfa-3263	185	82	drp	drp	PROPN
cjfa-3263	185	83			PROPN
cjfa-3263	185	84			NOUN
cjfa-3263	185	85	1	1	NUM
cjfa-3263	185	86	,	,	PUNCT
cjfa-3263	185	87			PROPN
cjfa-3263	185	88	iduvnjk	iduvnjk	PROPN
cjfa-3263	185	89	jnj	jnj	PROPN
cjfa-3263	185	90			PROPN
cjfa-3263	185	91			PROPN
cjfa-3263	185	92	00	00	NUM
cjfa-3263	185	93	;	;	PUNCT
cjfa-3263	185	94	min	min	PROPN
cjfa-3263	185	95	,	,	PUNCT
cjfa-3263	185	96	other	other	ADJ
cjfa-3263	185	97	designations	designation	NOUN
cjfa-3263	185	98	remain	remain	VERB
cjfa-3263	185	99	the	the	DET
cjfa-3263	185	100	same	same	ADJ
cjfa-3263	185	101	as	as	ADP
cjfa-3263	185	102	in	in	ADP
cjfa-3263	185	103	formula	formula	NOUN
cjfa-3263	185	104	(	(	PUNCT
cjfa-3263	185	105	1	1	NUM
cjfa-3263	185	106	)	)	PUNCT
cjfa-3263	185	107	.	.	PUNCT
cjfa-3263	186	1	a	a	DET
cjfa-3263	186	2	binomial	binomial	ADJ
cjfa-3263	186	3	pricing	pricing	NOUN
cjfa-3263	186	4	model	model	NOUN
cjfa-3263	186	5	of	of	ADP
cjfa-3263	186	6	a	a	DET
cjfa-3263	186	7	put	put	ADJ
cjfa-3263	186	8	real	real	ADJ
cjfa-3263	186	9	option	option	NOUN
cjfa-3263	186	10	takes	take	VERB
cjfa-3263	186	11	the	the	DET
cjfa-3263	186	12	following	follow	VERB
cjfa-3263	186	13	form	form	NOUN
cjfa-3263	186	14	:	:	PUNCT
cjfa-3263	186	15			NOUN
cjfa-3263	186	16			PROPN
cjfa-3263	186	17			NOUN
cjfa-3263	186	18			NOUN
cjfa-3263	186	19			PRON
cjfa-3263	186	20			NOUN
cjfa-3263	186	21			NOUN
cjfa-3263	186	22			NOUN
cjfa-3263	186	23			ADV
cjfa-3263	186	24			PROPN
cjfa-3263	186	25	n	n	INTJ
cjfa-3263	186	26	kk	kk	INTJ
cjfa-3263	186	27	knkn	knkn	PROPN
cjfa-3263	187	1	k	k	PROPN
cjfa-3263	187	2	kn	kn	PROPN
cjfa-3263	187	3	n	n	PROPN
cjfa-3263	187	4	kk	kk	PROPN
cjfa-3263	187	5	kn	kn	PROPN
cjfa-3263	187	6	knt	knt	PROPN
cjfa-3263	187	7	qqvpp	qqvpp	PROPN
cjfa-3263	187	8	r	r	PROPN
cjfa-3263	187	9	isrov	isrov	VERB
cjfa-3263	187	10	00	00	PUNCT
cjfa-3263	187	11	)	)	PUNCT
cjfa-3263	187	12	1()1	1()1	NUM
cjfa-3263	187	13	(	(	PUNCT
cjfa-3263	187	14	)	)	PUNCT
cjfa-3263	187	15	1	1	NUM
cjfa-3263	187	16	(	(	PUNCT
cjfa-3263	187	17	)	)	PUNCT
cjfa-3263	187	18	(	(	PUNCT
cjfa-3263	187	19	,	,	PUNCT
cjfa-3263	187	20	(	(	PUNCT
cjfa-3263	187	21	4	4	NUM
cjfa-3263	187	22	)	)	PUNCT
cjfa-3263	187	23	where	where	SCONJ
cjfa-3263	187	24	:	:	PUNCT
cjfa-3263	187	25	)	)	PUNCT
cjfa-3263	187	26	(	(	PUNCT
cjfa-3263	187	27	srovt	srovt	NOUN
cjfa-3263	187	28	–	–	PUNCT
cjfa-3263	187	29	the	the	DET
cjfa-3263	187	30	value	value	NOUN
cjfa-3263	187	31	of	of	ADP
cjfa-3263	187	32	the	the	DET
cjfa-3263	187	33	put	put	ADJ
cjfa-3263	187	34	real	real	ADJ
cjfa-3263	187	35	option	option	NOUN
cjfa-3263	187	36	at	at	ADP
cjfa-3263	187	37	the	the	DET
cjfa-3263	187	38	time	time	NOUN
cjfa-3263	187	39	t	t	NOUN
cjfa-3263	187	40	,	,	PUNCT
cjfa-3263	187	41			PROPN
cjfa-3263	187	42	iduvnjk	iduvnjk	PROPN
cjfa-3263	187	43	jnj	jnj	PROPN
cjfa-3263	187	44			PUNCT
cjfa-3263	188	1			PROPN
cjfa-3263	188	2	00	00	NUM
cjfa-3263	188	3	;	;	PUNCT
cjfa-3263	188	4	min	min	PROPN
cjfa-3263	188	5	,	,	PUNCT
cjfa-3263	188	6	other	other	ADJ
cjfa-3263	188	7	designations	designation	NOUN
cjfa-3263	188	8	remain	remain	VERB
cjfa-3263	188	9	the	the	DET
cjfa-3263	188	10	same	same	ADJ
cjfa-3263	188	11	as	as	ADP
cjfa-3263	188	12	in	in	ADP
cjfa-3263	188	13	formula	formula	NOUN
cjfa-3263	188	14	(	(	PUNCT
cjfa-3263	188	15	3	3	NUM
cjfa-3263	188	16	)	)	PUNCT
cjfa-3263	188	17	.	.	PUNCT
cjfa-3263	189	1	if	if	SCONJ
cjfa-3263	189	2	the	the	DET
cjfa-3263	189	3	binomial	binomial	ADJ
cjfa-3263	189	4	model	model	NOUN
cjfa-3263	189	5	has	have	VERB
cjfa-3263	189	6	an	an	DET
cjfa-3263	189	7	increasing	increase	VERB
cjfa-3263	189	8	number	number	NOUN
cjfa-3263	189	9	of	of	ADP
cjfa-3263	189	10	the	the	DET
cjfa-3263	189	11	moments	moment	NOUN
cjfa-3263	189	12	of	of	ADP
cjfa-3263	189	13	realization	realization	NOUN
cjfa-3263	189	14	,	,	PUNCT
cjfa-3263	189	15	the	the	DET
cjfa-3263	189	16	result	result	NOUN
cjfa-3263	189	17	obtained	obtain	VERB
cjfa-3263	189	18	from	from	ADP
cjfa-3263	189	19	this	this	DET
cjfa-3263	189	20	model	model	NOUN
cjfa-3263	189	21	is	be	AUX
cjfa-3263	189	22	close	close	ADJ
cjfa-3263	189	23	to	to	ADP
cjfa-3263	189	24	the	the	DET
cjfa-3263	189	25	value	value	NOUN
cjfa-3263	189	26	of	of	ADP
cjfa-3263	189	27	the	the	DET
cjfa-3263	189	28	real	real	ADJ
cjfa-3263	189	29	option	option	NOUN
cjfa-3263	189	30	derived	derive	VERB
cjfa-3263	189	31	from	from	ADP
cjfa-3263	189	32	the	the	DET
cjfa-3263	189	33	blackscholes	blackschole	NOUN
cjfa-3263	189	34	model	model	NOUN
cjfa-3263	189	35	.	.	PUNCT
cjfa-3263	190	1	conclusions	conclusion	NOUN
cjfa-3263	190	2	pro	pro	ADJ
cjfa-3263	190	3	-	-	ADJ
cjfa-3263	190	4	ecological	ecological	ADJ
cjfa-3263	190	5	investments	investment	NOUN
cjfa-3263	190	6	are	be	AUX
cjfa-3263	190	7	often	often	ADV
cjfa-3263	190	8	characterized	characterize	VERB
cjfa-3263	190	9	by	by	ADP
cjfa-3263	190	10	the	the	DET
cjfa-3263	190	11	following	follow	VERB
cjfa-3263	190	12	properties	property	NOUN
cjfa-3263	190	13	:	:	PUNCT
cjfa-3263	190	14	–	–	PUNCT
cjfa-3263	190	15	in	in	ADP
cjfa-3263	190	16	the	the	DET
cjfa-3263	190	17	initial	initial	ADJ
cjfa-3263	190	18	phase	phase	NOUN
cjfa-3263	190	19	of	of	ADP
cjfa-3263	190	20	their	their	PRON
cjfa-3263	190	21	implementation	implementation	NOUN
cjfa-3263	190	22	,	,	PUNCT
cjfa-3263	190	23	significant	significant	ADJ
cjfa-3263	190	24	financial	financial	ADJ
cjfa-3263	190	25	outlays	outlay	NOUN
cjfa-3263	190	26	are	be	AUX
cjfa-3263	190	27	incurred	incur	VERB
cjfa-3263	190	28	,	,	PUNCT
cjfa-3263	190	29	–	–	PUNCT
cjfa-3263	190	30	in	in	ADP
cjfa-3263	190	31	a	a	DET
cjfa-3263	190	32	longer	long	ADJ
cjfa-3263	190	33	time	time	NOUN
cjfa-3263	190	34	period	period	NOUN
cjfa-3263	190	35	they	they	PRON
cjfa-3263	190	36	may	may	AUX
cjfa-3263	190	37	affect	affect	VERB
cjfa-3263	190	38	the	the	DET
cjfa-3263	190	39	reduction	reduction	NOUN
cjfa-3263	190	40	of	of	ADP
cjfa-3263	190	41	costs	cost	NOUN
cjfa-3263	190	42	related	relate	VERB
cjfa-3263	190	43	to	to	ADP
cjfa-3263	190	44	the	the	DET
cjfa-3263	190	45	functioning	functioning	NOUN
cjfa-3263	190	46	of	of	ADP
cjfa-3263	190	47	the	the	DET
cjfa-3263	190	48	company	company	NOUN
cjfa-3263	190	49	.	.	PUNCT
cjfa-3263	191	1	,	,	PUNCT
cjfa-3263	191	2	where	where	SCONJ
cjfa-3263	191	3	:	:	PUNCT
cjfa-3263	191	4	)	)	PUNCT
cjfa-3263	191	5	(	(	PUNCT
cjfa-3263	191	6	srovt	srovt	NOUN
cjfa-3263	191	7	–	–	PUNCT
cjfa-3263	191	8	the	the	DET
cjfa-3263	191	9	value	value	NOUN
cjfa-3263	191	10	of	of	ADP
cjfa-3263	191	11	the	the	DET
cjfa-3263	191	12	put	put	ADJ
cjfa-3263	191	13	real	real	ADJ
cjfa-3263	191	14	option	option	NOUN
cjfa-3263	191	15	at	at	ADP
cjfa-3263	191	16	the	the	DET
cjfa-3263	191	17	time	time	NOUN
cjfa-3263	191	18	t	t	NOUN
cjfa-3263	191	19	,	,	PUNCT
cjfa-3263	191	20	other	other	ADJ
cjfa-3263	191	21	designations	designation	NOUN
cjfa-3263	191	22	remain	remain	VERB
cjfa-3263	191	23	the	the	DET
cjfa-3263	191	24	same	same	ADJ
cjfa-3263	191	25	as	as	ADP
cjfa-3263	191	26	in	in	ADP
cjfa-3263	191	27	formula	formula	NOUN
cjfa-3263	191	28	(	(	PUNCT
cjfa-3263	191	29	1	1	NUM
cjfa-3263	191	30	)	)	PUNCT
cjfa-3263	191	31	.	.	PUNCT
cjfa-3263	192	1	it	it	PRON
cjfa-3263	192	2	is	be	AUX
cjfa-3263	192	3	assumed	assume	VERB
cjfa-3263	192	4	in	in	ADP
cjfa-3263	192	5	the	the	DET
cjfa-3263	192	6	cox	cox	PROPN
cjfa-3263	192	7	-	-	PUNCT
cjfa-3263	192	8	ross	ross	PROPN
cjfa-3263	192	9	-	-	PROPN
cjfa-3263	192	10	rubinstein	rubinstein	PROPN
cjfa-3263	192	11	that	that	SCONJ
cjfa-3263	192	12	the	the	DET
cjfa-3263	192	13	value	value	NOUN
cjfa-3263	192	14	of	of	ADP
cjfa-3263	192	15	the	the	DET
cjfa-3263	192	16	underlying	underlie	VERB
cjfa-3263	192	17	asset	asset	NOUN
cjfa-3263	192	18	changes	change	NOUN
cjfa-3263	192	19	in	in	ADP
cjfa-3263	192	20	a	a	DET
cjfa-3263	192	21	discrete	discrete	ADJ
cjfa-3263	192	22	manner	manner	NOUN
cjfa-3263	192	23	,	,	PUNCT
cjfa-3263	192	24	i.e.	i.e.	X
cjfa-3263	192	25	,	,	PUNCT
cjfa-3263	192	26	changes	change	NOUN
cjfa-3263	192	27	in	in	ADP
cjfa-3263	192	28	the	the	DET
cjfa-3263	192	29	value	value	NOUN
cjfa-3263	192	30	of	of	ADP
cjfa-3263	192	31	the	the	DET
cjfa-3263	192	32	underlying	underlie	VERB
cjfa-3263	192	33	asset	asset	NOUN
cjfa-3263	192	34	are	be	AUX
cjfa-3263	192	35	abrupt	abrupt	ADJ
cjfa-3263	192	36	.	.	PUNCT
cjfa-3263	193	1	this	this	DET
cjfa-3263	193	2	model	model	NOUN
cjfa-3263	193	3	is	be	AUX
cjfa-3263	193	4	used	use	VERB
cjfa-3263	193	5	in	in	ADP
cjfa-3263	193	6	the	the	DET
cjfa-3263	193	7	evaluation	evaluation	NOUN
cjfa-3263	193	8	of	of	ADP
cjfa-3263	193	9	options	option	NOUN
cjfa-3263	193	10	of	of	ADP
cjfa-3263	193	11	both	both	CCONJ
cjfa-3263	193	12	european	european	ADJ
cjfa-3263	193	13	and	and	CCONJ
cjfa-3263	193	14	american	american	PROPN
cjfa-3263	193	15	.	.	PUNCT
cjfa-3263	194	1	using	use	VERB
cjfa-3263	194	2	a	a	DET
cjfa-3263	194	3	binomial	binomial	ADJ
cjfa-3263	194	4	model	model	NOUN
cjfa-3263	194	5	,	,	PUNCT
cjfa-3263	194	6	the	the	DET
cjfa-3263	194	7	value	value	NOUN
cjfa-3263	194	8	of	of	ADP
cjfa-3263	194	9	a	a	DET
cjfa-3263	194	10	call	call	NOUN
cjfa-3263	194	11	real	real	ADJ
cjfa-3263	194	12	option	option	NOUN
cjfa-3263	194	13	(	(	PUNCT
cjfa-3263	194	14	with	with	ADP
cjfa-3263	194	15	n	n	PRON
cjfa-3263	194	16	moments	moment	NOUN
cjfa-3263	194	17	of	of	ADP
cjfa-3263	194	18	realization	realization	NOUN
cjfa-3263	194	19	)	)	PUNCT
cjfa-3263	194	20	is	be	AUX
cjfa-3263	194	21	the	the	DET
cjfa-3263	194	22	following	follow	VERB
cjfa-3263	194	23	:	:	PUNCT
cjfa-3263	194	24			NOUN
cjfa-3263	194	25			PROPN
cjfa-3263	194	26			NOUN
cjfa-3263	194	27			PROPN
cjfa-3263	194	28	kn	kn	PROPN
cjfa-3263	194	29	n	n	ADV
cjfa-3263	194	30	kk	kk	PROPN
cjfa-3263	194	31	kn	kn	PROPN
cjfa-3263	194	32	kn	kn	PROPN
cjfa-3263	194	33	n	n	PROPN
cjfa-3263	195	1	kk	kk	INTJ
cjfa-3263	195	2	knkn	knkn	VERB
cjfa-3263	195	3	kt	kt	PROPN
cjfa-3263	195	4	pp	pp	ADV
cjfa-3263	195	5	r	r	PROPN
cjfa-3263	195	6	iqqvkrov	iqqvkrov	ADJ
cjfa-3263	195	7			NOUN
cjfa-3263	195	8			NUM
cjfa-3263	195	9			PROPN
cjfa-3263	195	10			PROPN
cjfa-3263	195	11			VERB
cjfa-3263	195	12			PUNCT
cjfa-3263	195	13			X
cjfa-3263	195	14	)	)	PUNCT
cjfa-3263	195	15	1	1	NUM
cjfa-3263	195	16	(	(	PUNCT
cjfa-3263	195	17	)	)	PUNCT
cjfa-3263	195	18	1	1	NUM
cjfa-3263	195	19	(	(	PUNCT
cjfa-3263	195	20	)	)	PUNCT
cjfa-3263	195	21	1	1	NUM
cjfa-3263	195	22	(	(	PUNCT
cjfa-3263	195	23	)	)	PUNCT
cjfa-3263	195	24	(	(	PUNCT
cjfa-3263	195	25	00	00	NUM
cjfa-3263	195	26	,	,	PUNCT
cjfa-3263	195	27	(	(	PUNCT
cjfa-3263	195	28	3	3	NUM
cjfa-3263	195	29	)	)	PUNCT
cjfa-3263	195	30	where	where	SCONJ
cjfa-3263	195	31	:	:	PUNCT
cjfa-3263	195	32	)	)	PUNCT
cjfa-3263	195	33	(	(	PUNCT
cjfa-3263	195	34	krovt	krovt	NOUN
cjfa-3263	195	35	–	–	PUNCT
cjfa-3263	195	36	the	the	DET
cjfa-3263	195	37	value	value	NOUN
cjfa-3263	195	38	of	of	ADP
cjfa-3263	195	39	the	the	DET
cjfa-3263	195	40	call	call	NOUN
cjfa-3263	195	41	real	real	ADJ
cjfa-3263	195	42	option	option	NOUN
cjfa-3263	195	43	at	at	ADP
cjfa-3263	195	44	the	the	DET
cjfa-3263	195	45	time	time	NOUN
cjfa-3263	195	46	t	t	NOUN
cjfa-3263	195	47	,	,	PUNCT
cjfa-3263	195	48	u	u	NOUN
cjfa-3263	195	49	–	–	PUNCT
cjfa-3263	195	50	an	an	DET
cjfa-3263	195	51	increase	increase	NOUN
cjfa-3263	195	52	factor	factor	NOUN
cjfa-3263	195	53	in	in	ADP
cjfa-3263	195	54	the	the	DET
cjfa-3263	195	55	value	value	NOUN
cjfa-3263	195	56	of	of	ADP
cjfa-3263	195	57	the	the	DET
cjfa-3263	195	58	underlying	underlie	VERB
cjfa-3263	195	59	asset	asset	NOUN
cjfa-3263	195	60	,	,	PUNCT
cjfa-3263	195	61	d	d	X
cjfa-3263	195	62	–	–	PUNCT
cjfa-3263	195	63	a	a	DET
cjfa-3263	195	64	fall	fall	NOUN
cjfa-3263	195	65	factor	factor	NOUN
cjfa-3263	195	66	of	of	ADP
cjfa-3263	195	67	the	the	DET
cjfa-3263	195	68	underlying	underlie	VERB
cjfa-3263	195	69	asset	asset	NOUN
cjfa-3263	195	70	,	,	PUNCT
cjfa-3263	195	71	urd	urd	ADJ
cjfa-3263	195	72	1	1	PROPN
cjfa-3263	195	73	,	,	PUNCT
cjfa-3263	195	74	p	p	NOUN
cjfa-3263	195	75	r	r	PROPN
cjfa-3263	195	76	uq	uq	NOUN
cjfa-3263	195	77			ADV
cjfa-3263	195	78			PROPN
cjfa-3263	195	79	1	1	NUM
cjfa-3263	195	80	,	,	PUNCT
cjfa-3263	195	81	du	du	PROPN
cjfa-3263	195	82	drp	drp	PROPN
cjfa-3263	195	83			PROPN
cjfa-3263	195	84			NOUN
cjfa-3263	195	85	1	1	NUM
cjfa-3263	195	86	,	,	PUNCT
cjfa-3263	195	87			PROPN
cjfa-3263	195	88	iduvnjk	iduvnjk	PROPN
cjfa-3263	195	89	jnj	jnj	PROPN
cjfa-3263	195	90			PROPN
cjfa-3263	195	91			PROPN
cjfa-3263	195	92	00	00	NUM
cjfa-3263	195	93	;	;	PUNCT
cjfa-3263	195	94	min	min	PROPN
cjfa-3263	195	95	,	,	PUNCT
cjfa-3263	195	96	other	other	ADJ
cjfa-3263	195	97	designations	designation	NOUN
cjfa-3263	195	98	remain	remain	VERB
cjfa-3263	195	99	the	the	DET
cjfa-3263	195	100	same	same	ADJ
cjfa-3263	195	101	as	as	ADP
cjfa-3263	195	102	in	in	ADP
cjfa-3263	195	103	formula	formula	NOUN
cjfa-3263	195	104	(	(	PUNCT
cjfa-3263	195	105	1	1	NUM
cjfa-3263	195	106	)	)	PUNCT
cjfa-3263	195	107	.	.	PUNCT
cjfa-3263	196	1	a	a	DET
cjfa-3263	196	2	binomial	binomial	ADJ
cjfa-3263	196	3	pricing	pricing	NOUN
cjfa-3263	196	4	model	model	NOUN
cjfa-3263	196	5	of	of	ADP
cjfa-3263	196	6	a	a	DET
cjfa-3263	196	7	put	put	ADJ
cjfa-3263	196	8	real	real	ADJ
cjfa-3263	196	9	option	option	NOUN
cjfa-3263	196	10	takes	take	VERB
cjfa-3263	196	11	the	the	DET
cjfa-3263	196	12	following	follow	VERB
cjfa-3263	196	13	form	form	NOUN
cjfa-3263	196	14	:	:	PUNCT
cjfa-3263	196	15			NOUN
cjfa-3263	196	16			PROPN
cjfa-3263	196	17			NOUN
cjfa-3263	196	18			NOUN
cjfa-3263	196	19			PRON
cjfa-3263	196	20			NOUN
cjfa-3263	196	21			NOUN
cjfa-3263	196	22			NOUN
cjfa-3263	196	23			ADV
cjfa-3263	196	24			PROPN
cjfa-3263	196	25	n	n	INTJ
cjfa-3263	196	26	kk	kk	INTJ
cjfa-3263	196	27	knkn	knkn	PROPN
cjfa-3263	197	1	k	k	PROPN
cjfa-3263	197	2	kn	kn	PROPN
cjfa-3263	197	3	n	n	PROPN
cjfa-3263	197	4	kk	kk	PROPN
cjfa-3263	197	5	kn	kn	PROPN
cjfa-3263	197	6	knt	knt	PROPN
cjfa-3263	197	7	qqvpp	qqvpp	PROPN
cjfa-3263	197	8	r	r	PROPN
cjfa-3263	197	9	isrov	isrov	VERB
cjfa-3263	197	10	00	00	PUNCT
cjfa-3263	197	11	)	)	PUNCT
cjfa-3263	197	12	1()1	1()1	NUM
cjfa-3263	197	13	(	(	PUNCT
cjfa-3263	197	14	)	)	PUNCT
cjfa-3263	197	15	1	1	NUM
cjfa-3263	197	16	(	(	PUNCT
cjfa-3263	197	17	)	)	PUNCT
cjfa-3263	197	18	(	(	PUNCT
cjfa-3263	197	19	,	,	PUNCT
cjfa-3263	197	20	(	(	PUNCT
cjfa-3263	197	21	4	4	NUM
cjfa-3263	197	22	)	)	PUNCT
cjfa-3263	197	23	where	where	SCONJ
cjfa-3263	197	24	:	:	PUNCT
cjfa-3263	197	25	)	)	PUNCT
cjfa-3263	197	26	(	(	PUNCT
cjfa-3263	197	27	srovt	srovt	NOUN
cjfa-3263	197	28	–	–	PUNCT
cjfa-3263	197	29	the	the	DET
cjfa-3263	197	30	value	value	NOUN
cjfa-3263	197	31	of	of	ADP
cjfa-3263	197	32	the	the	DET
cjfa-3263	197	33	put	put	ADJ
cjfa-3263	197	34	real	real	ADJ
cjfa-3263	197	35	option	option	NOUN
cjfa-3263	197	36	at	at	ADP
cjfa-3263	197	37	the	the	DET
cjfa-3263	197	38	time	time	NOUN
cjfa-3263	197	39	t	t	NOUN
cjfa-3263	197	40	,	,	PUNCT
cjfa-3263	197	41			PROPN
cjfa-3263	197	42	iduvnjk	iduvnjk	PROPN
cjfa-3263	197	43	jnj	jnj	PROPN
cjfa-3263	197	44			PUNCT
cjfa-3263	198	1			PROPN
cjfa-3263	198	2	00	00	NUM
cjfa-3263	198	3	;	;	PUNCT
cjfa-3263	198	4	min	min	PROPN
cjfa-3263	198	5	,	,	PUNCT
cjfa-3263	198	6	other	other	ADJ
cjfa-3263	198	7	designations	designation	NOUN
cjfa-3263	198	8	remain	remain	VERB
cjfa-3263	198	9	the	the	DET
cjfa-3263	198	10	same	same	ADJ
cjfa-3263	198	11	as	as	ADP
cjfa-3263	198	12	in	in	ADP
cjfa-3263	198	13	formula	formula	NOUN
cjfa-3263	198	14	(	(	PUNCT
cjfa-3263	198	15	3	3	NUM
cjfa-3263	198	16	)	)	PUNCT
cjfa-3263	198	17	.	.	PUNCT
cjfa-3263	199	1	if	if	SCONJ
cjfa-3263	199	2	the	the	DET
cjfa-3263	199	3	binomial	binomial	ADJ
cjfa-3263	199	4	model	model	NOUN
cjfa-3263	199	5	has	have	VERB
cjfa-3263	199	6	an	an	DET
cjfa-3263	199	7	increasing	increase	VERB
cjfa-3263	199	8	number	number	NOUN
cjfa-3263	199	9	of	of	ADP
cjfa-3263	199	10	the	the	DET
cjfa-3263	199	11	moments	moment	NOUN
cjfa-3263	199	12	of	of	ADP
cjfa-3263	199	13	realization	realization	NOUN
cjfa-3263	199	14	,	,	PUNCT
cjfa-3263	199	15	the	the	DET
cjfa-3263	199	16	result	result	NOUN
cjfa-3263	199	17	obtained	obtain	VERB
cjfa-3263	199	18	from	from	ADP
cjfa-3263	199	19	this	this	DET
cjfa-3263	199	20	model	model	NOUN
cjfa-3263	199	21	is	be	AUX
cjfa-3263	199	22	close	close	ADJ
cjfa-3263	199	23	to	to	ADP
cjfa-3263	199	24	the	the	DET
cjfa-3263	199	25	value	value	NOUN
cjfa-3263	199	26	of	of	ADP
cjfa-3263	199	27	the	the	DET
cjfa-3263	199	28	real	real	ADJ
cjfa-3263	199	29	option	option	NOUN
cjfa-3263	199	30	derived	derive	VERB
cjfa-3263	199	31	from	from	ADP
cjfa-3263	199	32	the	the	DET
cjfa-3263	199	33	blackscholes	blackschole	NOUN
cjfa-3263	199	34	model	model	NOUN
cjfa-3263	199	35	.	.	PUNCT
cjfa-3263	200	1	conclusions	conclusion	NOUN
cjfa-3263	200	2	pro	pro	ADJ
cjfa-3263	200	3	-	-	ADJ
cjfa-3263	200	4	ecological	ecological	ADJ
cjfa-3263	200	5	investments	investment	NOUN
cjfa-3263	200	6	are	be	AUX
cjfa-3263	200	7	often	often	ADV
cjfa-3263	200	8	characterized	characterize	VERB
cjfa-3263	200	9	by	by	ADP
cjfa-3263	200	10	the	the	DET
cjfa-3263	200	11	following	follow	VERB
cjfa-3263	200	12	properties	property	NOUN
cjfa-3263	200	13	:	:	PUNCT
cjfa-3263	200	14	–	–	PUNCT
cjfa-3263	200	15	in	in	ADP
cjfa-3263	200	16	the	the	DET
cjfa-3263	200	17	initial	initial	ADJ
cjfa-3263	200	18	phase	phase	NOUN
cjfa-3263	200	19	of	of	ADP
cjfa-3263	200	20	their	their	PRON
cjfa-3263	200	21	implementation	implementation	NOUN
cjfa-3263	200	22	,	,	PUNCT
cjfa-3263	200	23	significant	significant	ADJ
cjfa-3263	200	24	financial	financial	ADJ
cjfa-3263	200	25	outlays	outlay	NOUN
cjfa-3263	200	26	are	be	AUX
cjfa-3263	200	27	incurred	incur	VERB
cjfa-3263	200	28	,	,	PUNCT
cjfa-3263	200	29	–	–	PUNCT
cjfa-3263	200	30	in	in	ADP
cjfa-3263	200	31	a	a	DET
cjfa-3263	200	32	longer	long	ADJ
cjfa-3263	200	33	time	time	NOUN
cjfa-3263	200	34	period	period	NOUN
cjfa-3263	200	35	they	they	PRON
cjfa-3263	200	36	may	may	AUX
cjfa-3263	200	37	affect	affect	VERB
cjfa-3263	200	38	the	the	DET
cjfa-3263	200	39	reduction	reduction	NOUN
cjfa-3263	200	40	of	of	ADP
cjfa-3263	200	41	costs	cost	NOUN
cjfa-3263	200	42	related	relate	VERB
cjfa-3263	200	43	to	to	ADP
cjfa-3263	200	44	the	the	DET
cjfa-3263	200	45	functioning	functioning	NOUN
cjfa-3263	200	46	of	of	ADP
cjfa-3263	200	47	the	the	DET
cjfa-3263	200	48	company	company	NOUN
cjfa-3263	200	49	.	.	PUNCT
cjfa-3263	201	1	other	other	ADJ
cjfa-3263	201	2	designations	designation	NOUN
cjfa-3263	201	3	remain	remain	VERB
cjfa-3263	201	4	the	the	DET
cjfa-3263	201	5	same	same	ADJ
cjfa-3263	201	6	as	as	ADP
cjfa-3263	201	7	in	in	ADP
cjfa-3263	201	8	formula	formula	NOUN
cjfa-3263	201	9	(	(	PUNCT
cjfa-3263	201	10	1	1	NUM
cjfa-3263	201	11	)	)	PUNCT
cjfa-3263	201	12	.	.	PUNCT
cjfa-3263	202	1	a	a	DET
cjfa-3263	202	2	binomial	binomial	ADJ
cjfa-3263	202	3	pricing	pricing	NOUN
cjfa-3263	202	4	model	model	NOUN
cjfa-3263	202	5	of	of	ADP
cjfa-3263	202	6	a	a	DET
cjfa-3263	202	7	put	put	ADJ
cjfa-3263	202	8	real	real	ADJ
cjfa-3263	202	9	option	option	NOUN
cjfa-3263	202	10	takes	take	VERB
cjfa-3263	202	11	the	the	DET
cjfa-3263	202	12	following	follow	VERB
cjfa-3263	202	13	form	form	NOUN
cjfa-3263	202	14	:	:	PUNCT
cjfa-3263	202	15	ewa	ewa	PROPN
cjfa-3263	202	16	dziawgo70	dziawgo70	PROPN
cjfa-3263	202	17	where	where	SCONJ
cjfa-3263	202	18	:	:	PUNCT
cjfa-3263	202	19	)	)	PUNCT
cjfa-3263	202	20	(	(	PUNCT
cjfa-3263	202	21	srovt	srovt	NOUN
cjfa-3263	202	22	–	–	PUNCT
cjfa-3263	202	23	the	the	DET
cjfa-3263	202	24	value	value	NOUN
cjfa-3263	202	25	of	of	ADP
cjfa-3263	202	26	the	the	DET
cjfa-3263	202	27	put	put	ADJ
cjfa-3263	202	28	real	real	ADJ
cjfa-3263	202	29	option	option	NOUN
cjfa-3263	202	30	at	at	ADP
cjfa-3263	202	31	the	the	DET
cjfa-3263	202	32	time	time	NOUN
cjfa-3263	202	33	t	t	NOUN
cjfa-3263	202	34	,	,	PUNCT
cjfa-3263	202	35	other	other	ADJ
cjfa-3263	202	36	designations	designation	NOUN
cjfa-3263	202	37	remain	remain	VERB
cjfa-3263	202	38	the	the	DET
cjfa-3263	202	39	same	same	ADJ
cjfa-3263	202	40	as	as	ADP
cjfa-3263	202	41	in	in	ADP
cjfa-3263	202	42	formula	formula	NOUN
cjfa-3263	202	43	(	(	PUNCT
cjfa-3263	202	44	1	1	NUM
cjfa-3263	202	45	)	)	PUNCT
cjfa-3263	202	46	.	.	PUNCT
cjfa-3263	203	1	it	it	PRON
cjfa-3263	203	2	is	be	AUX
cjfa-3263	203	3	assumed	assume	VERB
cjfa-3263	203	4	in	in	ADP
cjfa-3263	203	5	the	the	DET
cjfa-3263	203	6	cox	cox	PROPN
cjfa-3263	203	7	-	-	PUNCT
cjfa-3263	203	8	ross	ross	PROPN
cjfa-3263	203	9	-	-	PROPN
cjfa-3263	203	10	rubinstein	rubinstein	PROPN
cjfa-3263	203	11	that	that	SCONJ
cjfa-3263	203	12	the	the	DET
cjfa-3263	203	13	value	value	NOUN
cjfa-3263	203	14	of	of	ADP
cjfa-3263	203	15	the	the	DET
cjfa-3263	203	16	underlying	underlie	VERB
cjfa-3263	203	17	asset	asset	NOUN
cjfa-3263	203	18	changes	change	NOUN
cjfa-3263	203	19	in	in	ADP
cjfa-3263	203	20	a	a	DET
cjfa-3263	203	21	discrete	discrete	ADJ
cjfa-3263	203	22	manner	manner	NOUN
cjfa-3263	203	23	,	,	PUNCT
cjfa-3263	203	24	i.e.	i.e.	X
cjfa-3263	203	25	,	,	PUNCT
cjfa-3263	203	26	changes	change	NOUN
cjfa-3263	203	27	in	in	ADP
cjfa-3263	203	28	the	the	DET
cjfa-3263	203	29	value	value	NOUN
cjfa-3263	203	30	of	of	ADP
cjfa-3263	203	31	the	the	DET
cjfa-3263	203	32	underlying	underlie	VERB
cjfa-3263	203	33	asset	asset	NOUN
cjfa-3263	203	34	are	be	AUX
cjfa-3263	203	35	abrupt	abrupt	ADJ
cjfa-3263	203	36	.	.	PUNCT
cjfa-3263	204	1	this	this	DET
cjfa-3263	204	2	model	model	NOUN
cjfa-3263	204	3	is	be	AUX
cjfa-3263	204	4	used	use	VERB
cjfa-3263	204	5	in	in	ADP
cjfa-3263	204	6	the	the	DET
cjfa-3263	204	7	evaluation	evaluation	NOUN
cjfa-3263	204	8	of	of	ADP
cjfa-3263	204	9	options	option	NOUN
cjfa-3263	204	10	of	of	ADP
cjfa-3263	204	11	both	both	CCONJ
cjfa-3263	204	12	european	european	ADJ
cjfa-3263	204	13	and	and	CCONJ
cjfa-3263	204	14	american	american	PROPN
cjfa-3263	204	15	.	.	PUNCT
cjfa-3263	205	1	using	use	VERB
cjfa-3263	205	2	a	a	DET
cjfa-3263	205	3	binomial	binomial	ADJ
cjfa-3263	205	4	model	model	NOUN
cjfa-3263	205	5	,	,	PUNCT
cjfa-3263	205	6	the	the	DET
cjfa-3263	205	7	value	value	NOUN
cjfa-3263	205	8	of	of	ADP
cjfa-3263	205	9	a	a	DET
cjfa-3263	205	10	call	call	NOUN
cjfa-3263	205	11	real	real	ADJ
cjfa-3263	205	12	option	option	NOUN
cjfa-3263	205	13	(	(	PUNCT
cjfa-3263	205	14	with	with	ADP
cjfa-3263	205	15	n	n	PRON
cjfa-3263	205	16	moments	moment	NOUN
cjfa-3263	205	17	of	of	ADP
cjfa-3263	205	18	realization	realization	NOUN
cjfa-3263	205	19	)	)	PUNCT
cjfa-3263	205	20	is	be	AUX
cjfa-3263	205	21	the	the	DET
cjfa-3263	205	22	following	follow	VERB
cjfa-3263	205	23	:	:	PUNCT
cjfa-3263	205	24			NOUN
cjfa-3263	205	25			PROPN
cjfa-3263	205	26			NOUN
cjfa-3263	205	27			PROPN
cjfa-3263	205	28	kn	kn	PROPN
cjfa-3263	205	29	n	n	ADV
cjfa-3263	205	30	kk	kk	PROPN
cjfa-3263	205	31	kn	kn	PROPN
cjfa-3263	205	32	kn	kn	PROPN
cjfa-3263	205	33	n	n	PROPN
cjfa-3263	206	1	kk	kk	INTJ
cjfa-3263	206	2	knkn	knkn	VERB
cjfa-3263	206	3	kt	kt	PROPN
cjfa-3263	206	4	pp	pp	ADV
cjfa-3263	206	5	r	r	PROPN
cjfa-3263	206	6	iqqvkrov	iqqvkrov	ADJ
cjfa-3263	206	7			NOUN
cjfa-3263	206	8			NUM
cjfa-3263	206	9			PROPN
cjfa-3263	206	10			PROPN
cjfa-3263	206	11			VERB
cjfa-3263	206	12			PUNCT
cjfa-3263	206	13			X
cjfa-3263	206	14	)	)	PUNCT
cjfa-3263	206	15	1	1	NUM
cjfa-3263	206	16	(	(	PUNCT
cjfa-3263	206	17	)	)	PUNCT
cjfa-3263	206	18	1	1	NUM
cjfa-3263	206	19	(	(	PUNCT
cjfa-3263	206	20	)	)	PUNCT
cjfa-3263	206	21	1	1	NUM
cjfa-3263	206	22	(	(	PUNCT
cjfa-3263	206	23	)	)	PUNCT
cjfa-3263	206	24	(	(	PUNCT
cjfa-3263	206	25	00	00	NUM
cjfa-3263	206	26	,	,	PUNCT
cjfa-3263	206	27	(	(	PUNCT
cjfa-3263	206	28	3	3	NUM
cjfa-3263	206	29	)	)	PUNCT
cjfa-3263	206	30	where	where	SCONJ
cjfa-3263	206	31	:	:	PUNCT
cjfa-3263	206	32	)	)	PUNCT
cjfa-3263	206	33	(	(	PUNCT
cjfa-3263	206	34	krovt	krovt	NOUN
cjfa-3263	206	35	–	–	PUNCT
cjfa-3263	206	36	the	the	DET
cjfa-3263	206	37	value	value	NOUN
cjfa-3263	206	38	of	of	ADP
cjfa-3263	206	39	the	the	DET
cjfa-3263	206	40	call	call	NOUN
cjfa-3263	206	41	real	real	ADJ
cjfa-3263	206	42	option	option	NOUN
cjfa-3263	206	43	at	at	ADP
cjfa-3263	206	44	the	the	DET
cjfa-3263	206	45	time	time	NOUN
cjfa-3263	206	46	t	t	NOUN
cjfa-3263	206	47	,	,	PUNCT
cjfa-3263	206	48	u	u	NOUN
cjfa-3263	206	49	–	–	PUNCT
cjfa-3263	206	50	an	an	DET
cjfa-3263	206	51	increase	increase	NOUN
cjfa-3263	206	52	factor	factor	NOUN
cjfa-3263	206	53	in	in	ADP
cjfa-3263	206	54	the	the	DET
cjfa-3263	206	55	value	value	NOUN
cjfa-3263	206	56	of	of	ADP
cjfa-3263	206	57	the	the	DET
cjfa-3263	206	58	underlying	underlie	VERB
cjfa-3263	206	59	asset	asset	NOUN
cjfa-3263	206	60	,	,	PUNCT
cjfa-3263	206	61	d	d	X
cjfa-3263	206	62	–	–	PUNCT
cjfa-3263	206	63	a	a	DET
cjfa-3263	206	64	fall	fall	NOUN
cjfa-3263	206	65	factor	factor	NOUN
cjfa-3263	206	66	of	of	ADP
cjfa-3263	206	67	the	the	DET
cjfa-3263	206	68	underlying	underlie	VERB
cjfa-3263	206	69	asset	asset	NOUN
cjfa-3263	206	70	,	,	PUNCT
cjfa-3263	206	71	urd	urd	ADJ
cjfa-3263	206	72	1	1	PROPN
cjfa-3263	206	73	,	,	PUNCT
cjfa-3263	206	74	p	p	NOUN
cjfa-3263	206	75	r	r	PROPN
cjfa-3263	206	76	uq	uq	NOUN
cjfa-3263	206	77			ADV
cjfa-3263	206	78			PROPN
cjfa-3263	206	79	1	1	NUM
cjfa-3263	206	80	,	,	PUNCT
cjfa-3263	206	81	du	du	PROPN
cjfa-3263	206	82	drp	drp	PROPN
cjfa-3263	206	83			PROPN
cjfa-3263	206	84			NOUN
cjfa-3263	206	85	1	1	NUM
cjfa-3263	206	86	,	,	PUNCT
cjfa-3263	206	87			PROPN
cjfa-3263	206	88	iduvnjk	iduvnjk	PROPN
cjfa-3263	206	89	jnj	jnj	PROPN
cjfa-3263	206	90			PROPN
cjfa-3263	206	91			PROPN
cjfa-3263	206	92	00	00	NUM
cjfa-3263	206	93	;	;	PUNCT
cjfa-3263	206	94	min	min	PROPN
cjfa-3263	206	95	,	,	PUNCT
cjfa-3263	206	96	other	other	ADJ
cjfa-3263	206	97	designations	designation	NOUN
cjfa-3263	206	98	remain	remain	VERB
cjfa-3263	206	99	the	the	DET
cjfa-3263	206	100	same	same	ADJ
cjfa-3263	206	101	as	as	ADP
cjfa-3263	206	102	in	in	ADP
cjfa-3263	206	103	formula	formula	NOUN
cjfa-3263	206	104	(	(	PUNCT
cjfa-3263	206	105	1	1	NUM
cjfa-3263	206	106	)	)	PUNCT
cjfa-3263	206	107	.	.	PUNCT
cjfa-3263	207	1	a	a	DET
cjfa-3263	207	2	binomial	binomial	ADJ
cjfa-3263	207	3	pricing	pricing	NOUN
cjfa-3263	207	4	model	model	NOUN
cjfa-3263	207	5	of	of	ADP
cjfa-3263	207	6	a	a	DET
cjfa-3263	207	7	put	put	ADJ
cjfa-3263	207	8	real	real	ADJ
cjfa-3263	207	9	option	option	NOUN
cjfa-3263	207	10	takes	take	VERB
cjfa-3263	207	11	the	the	DET
cjfa-3263	207	12	following	follow	VERB
cjfa-3263	207	13	form	form	NOUN
cjfa-3263	207	14	:	:	PUNCT
cjfa-3263	207	15			NOUN
cjfa-3263	207	16			PROPN
cjfa-3263	207	17			NOUN
cjfa-3263	207	18			NOUN
cjfa-3263	207	19			PRON
cjfa-3263	207	20			NOUN
cjfa-3263	207	21			NOUN
cjfa-3263	207	22			NOUN
cjfa-3263	207	23			ADV
cjfa-3263	207	24			PROPN
cjfa-3263	207	25	n	n	INTJ
cjfa-3263	207	26	kk	kk	INTJ
cjfa-3263	207	27	knkn	knkn	PROPN
cjfa-3263	208	1	k	k	PROPN
cjfa-3263	208	2	kn	kn	PROPN
cjfa-3263	208	3	n	n	PROPN
cjfa-3263	208	4	kk	kk	PROPN
cjfa-3263	208	5	kn	kn	PROPN
cjfa-3263	208	6	knt	knt	PROPN
cjfa-3263	208	7	qqvpp	qqvpp	PROPN
cjfa-3263	208	8	r	r	PROPN
cjfa-3263	208	9	isrov	isrov	VERB
cjfa-3263	208	10	00	00	PUNCT
cjfa-3263	208	11	)	)	PUNCT
cjfa-3263	208	12	1()1	1()1	NUM
cjfa-3263	208	13	(	(	PUNCT
cjfa-3263	208	14	)	)	PUNCT
cjfa-3263	208	15	1	1	NUM
cjfa-3263	208	16	(	(	PUNCT
cjfa-3263	208	17	)	)	PUNCT
cjfa-3263	208	18	(	(	PUNCT
cjfa-3263	208	19	,	,	PUNCT
cjfa-3263	208	20	(	(	PUNCT
cjfa-3263	208	21	4	4	NUM
cjfa-3263	208	22	)	)	PUNCT
cjfa-3263	208	23	where	where	SCONJ
cjfa-3263	208	24	:	:	PUNCT
cjfa-3263	208	25	)	)	PUNCT
cjfa-3263	208	26	(	(	PUNCT
cjfa-3263	208	27	srovt	srovt	NOUN
cjfa-3263	208	28	–	–	PUNCT
cjfa-3263	208	29	the	the	DET
cjfa-3263	208	30	value	value	NOUN
cjfa-3263	208	31	of	of	ADP
cjfa-3263	208	32	the	the	DET
cjfa-3263	208	33	put	put	ADJ
cjfa-3263	208	34	real	real	ADJ
cjfa-3263	208	35	option	option	NOUN
cjfa-3263	208	36	at	at	ADP
cjfa-3263	208	37	the	the	DET
cjfa-3263	208	38	time	time	NOUN
cjfa-3263	208	39	t	t	NOUN
cjfa-3263	208	40	,	,	PUNCT
cjfa-3263	208	41			PROPN
cjfa-3263	208	42	iduvnjk	iduvnjk	PROPN
cjfa-3263	208	43	jnj	jnj	PROPN
cjfa-3263	208	44			PUNCT
cjfa-3263	209	1			PROPN
cjfa-3263	209	2	00	00	NUM
cjfa-3263	209	3	;	;	PUNCT
cjfa-3263	209	4	min	min	PROPN
cjfa-3263	209	5	,	,	PUNCT
cjfa-3263	209	6	other	other	ADJ
cjfa-3263	209	7	designations	designation	NOUN
cjfa-3263	209	8	remain	remain	VERB
cjfa-3263	209	9	the	the	DET
cjfa-3263	209	10	same	same	ADJ
cjfa-3263	209	11	as	as	ADP
cjfa-3263	209	12	in	in	ADP
cjfa-3263	209	13	formula	formula	NOUN
cjfa-3263	209	14	(	(	PUNCT
cjfa-3263	209	15	3	3	NUM
cjfa-3263	209	16	)	)	PUNCT
cjfa-3263	209	17	.	.	PUNCT
cjfa-3263	210	1	if	if	SCONJ
cjfa-3263	210	2	the	the	DET
cjfa-3263	210	3	binomial	binomial	ADJ
cjfa-3263	210	4	model	model	NOUN
cjfa-3263	210	5	has	have	VERB
cjfa-3263	210	6	an	an	DET
cjfa-3263	210	7	increasing	increase	VERB
cjfa-3263	210	8	number	number	NOUN
cjfa-3263	210	9	of	of	ADP
cjfa-3263	210	10	the	the	DET
cjfa-3263	210	11	moments	moment	NOUN
cjfa-3263	210	12	of	of	ADP
cjfa-3263	210	13	realization	realization	NOUN
cjfa-3263	210	14	,	,	PUNCT
cjfa-3263	210	15	the	the	DET
cjfa-3263	210	16	result	result	NOUN
cjfa-3263	210	17	obtained	obtain	VERB
cjfa-3263	210	18	from	from	ADP
cjfa-3263	210	19	this	this	DET
cjfa-3263	210	20	model	model	NOUN
cjfa-3263	210	21	is	be	AUX
cjfa-3263	210	22	close	close	ADJ
cjfa-3263	210	23	to	to	ADP
cjfa-3263	210	24	the	the	DET
cjfa-3263	210	25	value	value	NOUN
cjfa-3263	210	26	of	of	ADP
cjfa-3263	210	27	the	the	DET
cjfa-3263	210	28	real	real	ADJ
cjfa-3263	210	29	option	option	NOUN
cjfa-3263	210	30	derived	derive	VERB
cjfa-3263	210	31	from	from	ADP
cjfa-3263	210	32	the	the	DET
cjfa-3263	210	33	blackscholes	blackschole	NOUN
cjfa-3263	210	34	model	model	NOUN
cjfa-3263	210	35	.	.	PUNCT
cjfa-3263	211	1	conclusions	conclusion	NOUN
cjfa-3263	211	2	pro	pro	ADJ
cjfa-3263	211	3	-	-	ADJ
cjfa-3263	211	4	ecological	ecological	ADJ
cjfa-3263	211	5	investments	investment	NOUN
cjfa-3263	211	6	are	be	AUX
cjfa-3263	211	7	often	often	ADV
cjfa-3263	211	8	characterized	characterize	VERB
cjfa-3263	211	9	by	by	ADP
cjfa-3263	211	10	the	the	DET
cjfa-3263	211	11	following	follow	VERB
cjfa-3263	211	12	properties	property	NOUN
cjfa-3263	211	13	:	:	PUNCT
cjfa-3263	211	14	–	–	PUNCT
cjfa-3263	211	15	in	in	ADP
cjfa-3263	211	16	the	the	DET
cjfa-3263	211	17	initial	initial	ADJ
cjfa-3263	211	18	phase	phase	NOUN
cjfa-3263	211	19	of	of	ADP
cjfa-3263	211	20	their	their	PRON
cjfa-3263	211	21	implementation	implementation	NOUN
cjfa-3263	211	22	,	,	PUNCT
cjfa-3263	211	23	significant	significant	ADJ
cjfa-3263	211	24	financial	financial	ADJ
cjfa-3263	211	25	outlays	outlay	NOUN
cjfa-3263	211	26	are	be	AUX
cjfa-3263	211	27	incurred	incur	VERB
cjfa-3263	211	28	,	,	PUNCT
cjfa-3263	211	29	–	–	PUNCT
cjfa-3263	211	30	in	in	ADP
cjfa-3263	211	31	a	a	DET
cjfa-3263	211	32	longer	long	ADJ
cjfa-3263	211	33	time	time	NOUN
cjfa-3263	211	34	period	period	NOUN
cjfa-3263	211	35	they	they	PRON
cjfa-3263	211	36	may	may	AUX
cjfa-3263	211	37	affect	affect	VERB
cjfa-3263	211	38	the	the	DET
cjfa-3263	211	39	reduction	reduction	NOUN
cjfa-3263	211	40	of	of	ADP
cjfa-3263	211	41	costs	cost	NOUN
cjfa-3263	211	42	related	relate	VERB
cjfa-3263	211	43	to	to	ADP
cjfa-3263	211	44	the	the	DET
cjfa-3263	211	45	functioning	functioning	NOUN
cjfa-3263	211	46	of	of	ADP
cjfa-3263	211	47	the	the	DET
cjfa-3263	211	48	company	company	NOUN
cjfa-3263	211	49	.	.	PUNCT
cjfa-3263	212	1	(	(	PUNCT
cjfa-3263	212	2	4	4	NUM
cjfa-3263	212	3	)	)	PUNCT
cjfa-3263	212	4	where	where	SCONJ
cjfa-3263	212	5	:	:	PUNCT
cjfa-3263	212	6	where	where	SCONJ
cjfa-3263	212	7	:	:	PUNCT
cjfa-3263	212	8	)	)	PUNCT
cjfa-3263	212	9	(	(	PUNCT
cjfa-3263	212	10	srovt	srovt	NOUN
cjfa-3263	212	11	–	–	PUNCT
cjfa-3263	212	12	the	the	DET
cjfa-3263	212	13	value	value	NOUN
cjfa-3263	212	14	of	of	ADP
cjfa-3263	212	15	the	the	DET
cjfa-3263	212	16	put	put	ADJ
cjfa-3263	212	17	real	real	ADJ
cjfa-3263	212	18	option	option	NOUN
cjfa-3263	212	19	at	at	ADP
cjfa-3263	212	20	the	the	DET
cjfa-3263	212	21	time	time	NOUN
cjfa-3263	212	22	t	t	NOUN
cjfa-3263	212	23	,	,	PUNCT
cjfa-3263	212	24	other	other	ADJ
cjfa-3263	212	25	designations	designation	NOUN
cjfa-3263	212	26	remain	remain	VERB
cjfa-3263	212	27	the	the	DET
cjfa-3263	212	28	same	same	ADJ
cjfa-3263	212	29	as	as	ADP
cjfa-3263	212	30	in	in	ADP
cjfa-3263	212	31	formula	formula	NOUN
cjfa-3263	212	32	(	(	PUNCT
cjfa-3263	212	33	1	1	NUM
cjfa-3263	212	34	)	)	PUNCT
cjfa-3263	212	35	.	.	PUNCT
cjfa-3263	213	1	it	it	PRON
cjfa-3263	213	2	is	be	AUX
cjfa-3263	213	3	assumed	assume	VERB
cjfa-3263	213	4	in	in	ADP
cjfa-3263	213	5	the	the	DET
cjfa-3263	213	6	cox	cox	PROPN
cjfa-3263	213	7	-	-	PUNCT
cjfa-3263	213	8	ross	ross	PROPN
cjfa-3263	213	9	-	-	PROPN
cjfa-3263	213	10	rubinstein	rubinstein	PROPN
cjfa-3263	213	11	that	that	SCONJ
cjfa-3263	213	12	the	the	DET
cjfa-3263	213	13	value	value	NOUN
cjfa-3263	213	14	of	of	ADP
cjfa-3263	213	15	the	the	DET
cjfa-3263	213	16	underlying	underlie	VERB
cjfa-3263	213	17	asset	asset	NOUN
cjfa-3263	213	18	changes	change	NOUN
cjfa-3263	213	19	in	in	ADP
cjfa-3263	213	20	a	a	DET
cjfa-3263	213	21	discrete	discrete	ADJ
cjfa-3263	213	22	manner	manner	NOUN
cjfa-3263	213	23	,	,	PUNCT
cjfa-3263	213	24	i.e.	i.e.	X
cjfa-3263	213	25	,	,	PUNCT
cjfa-3263	213	26	changes	change	NOUN
cjfa-3263	213	27	in	in	ADP
cjfa-3263	213	28	the	the	DET
cjfa-3263	213	29	value	value	NOUN
cjfa-3263	213	30	of	of	ADP
cjfa-3263	213	31	the	the	DET
cjfa-3263	213	32	underlying	underlie	VERB
cjfa-3263	213	33	asset	asset	NOUN
cjfa-3263	213	34	are	be	AUX
cjfa-3263	213	35	abrupt	abrupt	ADJ
cjfa-3263	213	36	.	.	PUNCT
cjfa-3263	214	1	this	this	DET
cjfa-3263	214	2	model	model	NOUN
cjfa-3263	214	3	is	be	AUX
cjfa-3263	214	4	used	use	VERB
cjfa-3263	214	5	in	in	ADP
cjfa-3263	214	6	the	the	DET
cjfa-3263	214	7	evaluation	evaluation	NOUN
cjfa-3263	214	8	of	of	ADP
cjfa-3263	214	9	options	option	NOUN
cjfa-3263	214	10	of	of	ADP
cjfa-3263	214	11	both	both	CCONJ
cjfa-3263	214	12	european	european	ADJ
cjfa-3263	214	13	and	and	CCONJ
cjfa-3263	214	14	american	american	PROPN
cjfa-3263	214	15	.	.	PUNCT
cjfa-3263	215	1	using	use	VERB
cjfa-3263	215	2	a	a	DET
cjfa-3263	215	3	binomial	binomial	ADJ
cjfa-3263	215	4	model	model	NOUN
cjfa-3263	215	5	,	,	PUNCT
cjfa-3263	215	6	the	the	DET
cjfa-3263	215	7	value	value	NOUN
cjfa-3263	215	8	of	of	ADP
cjfa-3263	215	9	a	a	DET
cjfa-3263	215	10	call	call	NOUN
cjfa-3263	215	11	real	real	ADJ
cjfa-3263	215	12	option	option	NOUN
cjfa-3263	215	13	(	(	PUNCT
cjfa-3263	215	14	with	with	ADP
cjfa-3263	215	15	n	n	PRON
cjfa-3263	215	16	moments	moment	NOUN
cjfa-3263	215	17	of	of	ADP
cjfa-3263	215	18	realization	realization	NOUN
cjfa-3263	215	19	)	)	PUNCT
cjfa-3263	215	20	is	be	AUX
cjfa-3263	215	21	the	the	DET
cjfa-3263	215	22	following	follow	VERB
cjfa-3263	215	23	:	:	PUNCT
cjfa-3263	215	24			NOUN
cjfa-3263	215	25			PROPN
cjfa-3263	215	26			NOUN
cjfa-3263	215	27			PROPN
cjfa-3263	215	28	kn	kn	PROPN
cjfa-3263	215	29	n	n	ADV
cjfa-3263	215	30	kk	kk	PROPN
cjfa-3263	215	31	kn	kn	PROPN
cjfa-3263	215	32	kn	kn	PROPN
cjfa-3263	215	33	n	n	PROPN
cjfa-3263	216	1	kk	kk	INTJ
cjfa-3263	216	2	knkn	knkn	VERB
cjfa-3263	216	3	kt	kt	PROPN
cjfa-3263	216	4	pp	pp	ADV
cjfa-3263	216	5	r	r	PROPN
cjfa-3263	216	6	iqqvkrov	iqqvkrov	ADJ
cjfa-3263	216	7			NOUN
cjfa-3263	216	8			NUM
cjfa-3263	216	9			PROPN
cjfa-3263	216	10			PROPN
cjfa-3263	216	11			VERB
cjfa-3263	216	12			PUNCT
cjfa-3263	216	13			X
cjfa-3263	216	14	)	)	PUNCT
cjfa-3263	216	15	1	1	NUM
cjfa-3263	216	16	(	(	PUNCT
cjfa-3263	216	17	)	)	PUNCT
cjfa-3263	216	18	1	1	NUM
cjfa-3263	216	19	(	(	PUNCT
cjfa-3263	216	20	)	)	PUNCT
cjfa-3263	216	21	1	1	NUM
cjfa-3263	216	22	(	(	PUNCT
cjfa-3263	216	23	)	)	PUNCT
cjfa-3263	216	24	(	(	PUNCT
cjfa-3263	216	25	00	00	NUM
cjfa-3263	216	26	,	,	PUNCT
cjfa-3263	216	27	(	(	PUNCT
cjfa-3263	216	28	3	3	NUM
cjfa-3263	216	29	)	)	PUNCT
cjfa-3263	216	30	where	where	SCONJ
cjfa-3263	216	31	:	:	PUNCT
cjfa-3263	216	32	)	)	PUNCT
cjfa-3263	216	33	(	(	PUNCT
cjfa-3263	216	34	krovt	krovt	NOUN
cjfa-3263	216	35	–	–	PUNCT
cjfa-3263	216	36	the	the	DET
cjfa-3263	216	37	value	value	NOUN
cjfa-3263	216	38	of	of	ADP
cjfa-3263	216	39	the	the	DET
cjfa-3263	216	40	call	call	NOUN
cjfa-3263	216	41	real	real	ADJ
cjfa-3263	216	42	option	option	NOUN
cjfa-3263	216	43	at	at	ADP
cjfa-3263	216	44	the	the	DET
cjfa-3263	216	45	time	time	NOUN
cjfa-3263	216	46	t	t	NOUN
cjfa-3263	216	47	,	,	PUNCT
cjfa-3263	216	48	u	u	NOUN
cjfa-3263	216	49	–	–	PUNCT
cjfa-3263	216	50	an	an	DET
cjfa-3263	216	51	increase	increase	NOUN
cjfa-3263	216	52	factor	factor	NOUN
cjfa-3263	216	53	in	in	ADP
cjfa-3263	216	54	the	the	DET
cjfa-3263	216	55	value	value	NOUN
cjfa-3263	216	56	of	of	ADP
cjfa-3263	216	57	the	the	DET
cjfa-3263	216	58	underlying	underlie	VERB
cjfa-3263	216	59	asset	asset	NOUN
cjfa-3263	216	60	,	,	PUNCT
cjfa-3263	216	61	d	d	X
cjfa-3263	216	62	–	–	PUNCT
cjfa-3263	216	63	a	a	DET
cjfa-3263	216	64	fall	fall	NOUN
cjfa-3263	216	65	factor	factor	NOUN
cjfa-3263	216	66	of	of	ADP
cjfa-3263	216	67	the	the	DET
cjfa-3263	216	68	underlying	underlie	VERB
cjfa-3263	216	69	asset	asset	NOUN
cjfa-3263	216	70	,	,	PUNCT
cjfa-3263	216	71	urd	urd	ADJ
cjfa-3263	216	72	1	1	PROPN
cjfa-3263	216	73	,	,	PUNCT
cjfa-3263	216	74	p	p	NOUN
cjfa-3263	216	75	r	r	PROPN
cjfa-3263	216	76	uq	uq	NOUN
cjfa-3263	216	77			ADV
cjfa-3263	216	78			PROPN
cjfa-3263	216	79	1	1	NUM
cjfa-3263	216	80	,	,	PUNCT
cjfa-3263	216	81	du	du	PROPN
cjfa-3263	216	82	drp	drp	PROPN
cjfa-3263	216	83			PROPN
cjfa-3263	216	84			NOUN
cjfa-3263	216	85	1	1	NUM
cjfa-3263	216	86	,	,	PUNCT
cjfa-3263	216	87			PROPN
cjfa-3263	216	88	iduvnjk	iduvnjk	PROPN
cjfa-3263	216	89	jnj	jnj	PROPN
cjfa-3263	216	90			PROPN
cjfa-3263	216	91			PROPN
cjfa-3263	216	92	00	00	NUM
cjfa-3263	216	93	;	;	PUNCT
cjfa-3263	216	94	min	min	PROPN
cjfa-3263	216	95	,	,	PUNCT
cjfa-3263	216	96	other	other	ADJ
cjfa-3263	216	97	designations	designation	NOUN
cjfa-3263	216	98	remain	remain	VERB
cjfa-3263	216	99	the	the	DET
cjfa-3263	216	100	same	same	ADJ
cjfa-3263	216	101	as	as	ADP
cjfa-3263	216	102	in	in	ADP
cjfa-3263	216	103	formula	formula	NOUN
cjfa-3263	216	104	(	(	PUNCT
cjfa-3263	216	105	1	1	NUM
cjfa-3263	216	106	)	)	PUNCT
cjfa-3263	216	107	.	.	PUNCT
cjfa-3263	217	1	a	a	DET
cjfa-3263	217	2	binomial	binomial	ADJ
cjfa-3263	217	3	pricing	pricing	NOUN
cjfa-3263	217	4	model	model	NOUN
cjfa-3263	217	5	of	of	ADP
cjfa-3263	217	6	a	a	DET
cjfa-3263	217	7	put	put	ADJ
cjfa-3263	217	8	real	real	ADJ
cjfa-3263	217	9	option	option	NOUN
cjfa-3263	217	10	takes	take	VERB
cjfa-3263	217	11	the	the	DET
cjfa-3263	217	12	following	follow	VERB
cjfa-3263	217	13	form	form	NOUN
cjfa-3263	217	14	:	:	PUNCT
cjfa-3263	217	15			NOUN
cjfa-3263	217	16			PROPN
cjfa-3263	217	17			NOUN
cjfa-3263	217	18			NOUN
cjfa-3263	217	19			PRON
cjfa-3263	217	20			NOUN
cjfa-3263	217	21			NOUN
cjfa-3263	217	22			NOUN
cjfa-3263	217	23			ADV
cjfa-3263	217	24			PROPN
cjfa-3263	217	25	n	n	INTJ
cjfa-3263	217	26	kk	kk	INTJ
cjfa-3263	217	27	knkn	knkn	PROPN
cjfa-3263	218	1	k	k	PROPN
cjfa-3263	218	2	kn	kn	PROPN
cjfa-3263	218	3	n	n	PROPN
cjfa-3263	218	4	kk	kk	PROPN
cjfa-3263	218	5	kn	kn	PROPN
cjfa-3263	218	6	knt	knt	PROPN
cjfa-3263	218	7	qqvpp	qqvpp	PROPN
cjfa-3263	218	8	r	r	PROPN
cjfa-3263	218	9	isrov	isrov	VERB
cjfa-3263	218	10	00	00	PUNCT
cjfa-3263	218	11	)	)	PUNCT
cjfa-3263	218	12	1()1	1()1	NUM
cjfa-3263	218	13	(	(	PUNCT
cjfa-3263	218	14	)	)	PUNCT
cjfa-3263	218	15	1	1	NUM
cjfa-3263	218	16	(	(	PUNCT
cjfa-3263	218	17	)	)	PUNCT
cjfa-3263	218	18	(	(	PUNCT
cjfa-3263	218	19	,	,	PUNCT
cjfa-3263	218	20	(	(	PUNCT
cjfa-3263	218	21	4	4	NUM
cjfa-3263	218	22	)	)	PUNCT
cjfa-3263	218	23	where	where	SCONJ
cjfa-3263	218	24	:	:	PUNCT
cjfa-3263	218	25	)	)	PUNCT
cjfa-3263	218	26	(	(	PUNCT
cjfa-3263	218	27	srovt	srovt	NOUN
cjfa-3263	218	28	–	–	PUNCT
cjfa-3263	218	29	the	the	DET
cjfa-3263	218	30	value	value	NOUN
cjfa-3263	218	31	of	of	ADP
cjfa-3263	218	32	the	the	DET
cjfa-3263	218	33	put	put	ADJ
cjfa-3263	218	34	real	real	ADJ
cjfa-3263	218	35	option	option	NOUN
cjfa-3263	218	36	at	at	ADP
cjfa-3263	218	37	the	the	DET
cjfa-3263	218	38	time	time	NOUN
cjfa-3263	218	39	t	t	NOUN
cjfa-3263	218	40	,	,	PUNCT
cjfa-3263	218	41			PROPN
cjfa-3263	218	42	iduvnjk	iduvnjk	PROPN
cjfa-3263	218	43	jnj	jnj	PROPN
cjfa-3263	218	44			PUNCT
cjfa-3263	219	1			PROPN
cjfa-3263	219	2	00	00	NUM
cjfa-3263	219	3	;	;	PUNCT
cjfa-3263	219	4	min	min	PROPN
cjfa-3263	219	5	,	,	PUNCT
cjfa-3263	219	6	other	other	ADJ
cjfa-3263	219	7	designations	designation	NOUN
cjfa-3263	219	8	remain	remain	VERB
cjfa-3263	219	9	the	the	DET
cjfa-3263	219	10	same	same	ADJ
cjfa-3263	219	11	as	as	ADP
cjfa-3263	219	12	in	in	ADP
cjfa-3263	219	13	formula	formula	NOUN
cjfa-3263	219	14	(	(	PUNCT
cjfa-3263	219	15	3	3	NUM
cjfa-3263	219	16	)	)	PUNCT
cjfa-3263	219	17	.	.	PUNCT
cjfa-3263	220	1	if	if	SCONJ
cjfa-3263	220	2	the	the	DET
cjfa-3263	220	3	binomial	binomial	ADJ
cjfa-3263	220	4	model	model	NOUN
cjfa-3263	220	5	has	have	VERB
cjfa-3263	220	6	an	an	DET
cjfa-3263	220	7	increasing	increase	VERB
cjfa-3263	220	8	number	number	NOUN
cjfa-3263	220	9	of	of	ADP
cjfa-3263	220	10	the	the	DET
cjfa-3263	220	11	moments	moment	NOUN
cjfa-3263	220	12	of	of	ADP
cjfa-3263	220	13	realization	realization	NOUN
cjfa-3263	220	14	,	,	PUNCT
cjfa-3263	220	15	the	the	DET
cjfa-3263	220	16	result	result	NOUN
cjfa-3263	220	17	obtained	obtain	VERB
cjfa-3263	220	18	from	from	ADP
cjfa-3263	220	19	this	this	DET
cjfa-3263	220	20	model	model	NOUN
cjfa-3263	220	21	is	be	AUX
cjfa-3263	220	22	close	close	ADJ
cjfa-3263	220	23	to	to	ADP
cjfa-3263	220	24	the	the	DET
cjfa-3263	220	25	value	value	NOUN
cjfa-3263	220	26	of	of	ADP
cjfa-3263	220	27	the	the	DET
cjfa-3263	220	28	real	real	ADJ
cjfa-3263	220	29	option	option	NOUN
cjfa-3263	220	30	derived	derive	VERB
cjfa-3263	220	31	from	from	ADP
cjfa-3263	220	32	the	the	DET
cjfa-3263	220	33	blackscholes	blackschole	NOUN
cjfa-3263	220	34	model	model	NOUN
cjfa-3263	220	35	.	.	PUNCT
cjfa-3263	221	1	conclusions	conclusion	NOUN
cjfa-3263	221	2	pro	pro	ADJ
cjfa-3263	221	3	-	-	ADJ
cjfa-3263	221	4	ecological	ecological	ADJ
cjfa-3263	221	5	investments	investment	NOUN
cjfa-3263	221	6	are	be	AUX
cjfa-3263	221	7	often	often	ADV
cjfa-3263	221	8	characterized	characterize	VERB
cjfa-3263	221	9	by	by	ADP
cjfa-3263	221	10	the	the	DET
cjfa-3263	221	11	following	follow	VERB
cjfa-3263	221	12	properties	property	NOUN
cjfa-3263	221	13	:	:	PUNCT
cjfa-3263	221	14	–	–	PUNCT
cjfa-3263	221	15	in	in	ADP
cjfa-3263	221	16	the	the	DET
cjfa-3263	221	17	initial	initial	ADJ
cjfa-3263	221	18	phase	phase	NOUN
cjfa-3263	221	19	of	of	ADP
cjfa-3263	221	20	their	their	PRON
cjfa-3263	221	21	implementation	implementation	NOUN
cjfa-3263	221	22	,	,	PUNCT
cjfa-3263	221	23	significant	significant	ADJ
cjfa-3263	221	24	financial	financial	ADJ
cjfa-3263	221	25	outlays	outlay	NOUN
cjfa-3263	221	26	are	be	AUX
cjfa-3263	221	27	incurred	incur	VERB
cjfa-3263	221	28	,	,	PUNCT
cjfa-3263	221	29	–	–	PUNCT
cjfa-3263	221	30	in	in	ADP
cjfa-3263	221	31	a	a	DET
cjfa-3263	221	32	longer	long	ADJ
cjfa-3263	221	33	time	time	NOUN
cjfa-3263	221	34	period	period	NOUN
cjfa-3263	221	35	they	they	PRON
cjfa-3263	221	36	may	may	AUX
cjfa-3263	221	37	affect	affect	VERB
cjfa-3263	221	38	the	the	DET
cjfa-3263	221	39	reduction	reduction	NOUN
cjfa-3263	221	40	of	of	ADP
cjfa-3263	221	41	costs	cost	NOUN
cjfa-3263	221	42	related	relate	VERB
cjfa-3263	221	43	to	to	ADP
cjfa-3263	221	44	the	the	DET
cjfa-3263	221	45	functioning	functioning	NOUN
cjfa-3263	221	46	of	of	ADP
cjfa-3263	221	47	the	the	DET
cjfa-3263	221	48	company	company	NOUN
cjfa-3263	221	49	.	.	PUNCT
cjfa-3263	222	1	–	–	PUNCT
cjfa-3263	222	2	the	the	DET
cjfa-3263	222	3	value	value	NOUN
cjfa-3263	222	4	of	of	ADP
cjfa-3263	222	5	the	the	DET
cjfa-3263	222	6	put	put	ADJ
cjfa-3263	222	7	real	real	ADJ
cjfa-3263	222	8	option	option	NOUN
cjfa-3263	222	9	at	at	ADP
cjfa-3263	222	10	the	the	DET
cjfa-3263	222	11	time	time	NOUN
cjfa-3263	222	12	t	t	PROPN
cjfa-3263	222	13	,	,	PUNCT
cjfa-3263	222	14	where	where	SCONJ
cjfa-3263	222	15	:	:	PUNCT
cjfa-3263	222	16	)	)	PUNCT
cjfa-3263	222	17	(	(	PUNCT
cjfa-3263	222	18	srovt	srovt	NOUN
cjfa-3263	222	19	–	–	PUNCT
cjfa-3263	222	20	the	the	DET
cjfa-3263	222	21	value	value	NOUN
cjfa-3263	222	22	of	of	ADP
cjfa-3263	222	23	the	the	DET
cjfa-3263	222	24	put	put	ADJ
cjfa-3263	222	25	real	real	ADJ
cjfa-3263	222	26	option	option	NOUN
cjfa-3263	222	27	at	at	ADP
cjfa-3263	222	28	the	the	DET
cjfa-3263	222	29	time	time	NOUN
cjfa-3263	222	30	t	t	NOUN
cjfa-3263	222	31	,	,	PUNCT
cjfa-3263	222	32	other	other	ADJ
cjfa-3263	222	33	designations	designation	NOUN
cjfa-3263	222	34	remain	remain	VERB
cjfa-3263	222	35	the	the	DET
cjfa-3263	222	36	same	same	ADJ
cjfa-3263	222	37	as	as	ADP
cjfa-3263	222	38	in	in	ADP
cjfa-3263	222	39	formula	formula	NOUN
cjfa-3263	222	40	(	(	PUNCT
cjfa-3263	222	41	1	1	NUM
cjfa-3263	222	42	)	)	PUNCT
cjfa-3263	222	43	.	.	PUNCT
cjfa-3263	223	1	it	it	PRON
cjfa-3263	223	2	is	be	AUX
cjfa-3263	223	3	assumed	assume	VERB
cjfa-3263	223	4	in	in	ADP
cjfa-3263	223	5	the	the	DET
cjfa-3263	223	6	cox	cox	PROPN
cjfa-3263	223	7	-	-	PUNCT
cjfa-3263	223	8	ross	ross	PROPN
cjfa-3263	223	9	-	-	PROPN
cjfa-3263	223	10	rubinstein	rubinstein	PROPN
cjfa-3263	223	11	that	that	SCONJ
cjfa-3263	223	12	the	the	DET
cjfa-3263	223	13	value	value	NOUN
cjfa-3263	223	14	of	of	ADP
cjfa-3263	223	15	the	the	DET
cjfa-3263	223	16	underlying	underlie	VERB
cjfa-3263	223	17	asset	asset	NOUN
cjfa-3263	223	18	changes	change	NOUN
cjfa-3263	223	19	in	in	ADP
cjfa-3263	223	20	a	a	DET
cjfa-3263	223	21	discrete	discrete	ADJ
cjfa-3263	223	22	manner	manner	NOUN
cjfa-3263	223	23	,	,	PUNCT
cjfa-3263	223	24	i.e.	i.e.	X
cjfa-3263	223	25	,	,	PUNCT
cjfa-3263	223	26	changes	change	NOUN
cjfa-3263	223	27	in	in	ADP
cjfa-3263	223	28	the	the	DET
cjfa-3263	223	29	value	value	NOUN
cjfa-3263	223	30	of	of	ADP
cjfa-3263	223	31	the	the	DET
cjfa-3263	223	32	underlying	underlie	VERB
cjfa-3263	223	33	asset	asset	NOUN
cjfa-3263	223	34	are	be	AUX
cjfa-3263	223	35	abrupt	abrupt	ADJ
cjfa-3263	223	36	.	.	PUNCT
cjfa-3263	224	1	this	this	DET
cjfa-3263	224	2	model	model	NOUN
cjfa-3263	224	3	is	be	AUX
cjfa-3263	224	4	used	use	VERB
cjfa-3263	224	5	in	in	ADP
cjfa-3263	224	6	the	the	DET
cjfa-3263	224	7	evaluation	evaluation	NOUN
cjfa-3263	224	8	of	of	ADP
cjfa-3263	224	9	options	option	NOUN
cjfa-3263	224	10	of	of	ADP
cjfa-3263	224	11	both	both	CCONJ
cjfa-3263	224	12	european	european	ADJ
cjfa-3263	224	13	and	and	CCONJ
cjfa-3263	224	14	american	american	PROPN
cjfa-3263	224	15	.	.	PUNCT
cjfa-3263	225	1	using	use	VERB
cjfa-3263	225	2	a	a	DET
cjfa-3263	225	3	binomial	binomial	ADJ
cjfa-3263	225	4	model	model	NOUN
cjfa-3263	225	5	,	,	PUNCT
cjfa-3263	225	6	the	the	DET
cjfa-3263	225	7	value	value	NOUN
cjfa-3263	225	8	of	of	ADP
cjfa-3263	225	9	a	a	DET
cjfa-3263	225	10	call	call	NOUN
cjfa-3263	225	11	real	real	ADJ
cjfa-3263	225	12	option	option	NOUN
cjfa-3263	225	13	(	(	PUNCT
cjfa-3263	225	14	with	with	ADP
cjfa-3263	225	15	n	n	PRON
cjfa-3263	225	16	moments	moment	NOUN
cjfa-3263	225	17	of	of	ADP
cjfa-3263	225	18	realization	realization	NOUN
cjfa-3263	225	19	)	)	PUNCT
cjfa-3263	225	20	is	be	AUX
cjfa-3263	225	21	the	the	DET
cjfa-3263	225	22	following	follow	VERB
cjfa-3263	225	23	:	:	PUNCT
cjfa-3263	225	24			NOUN
cjfa-3263	225	25			PROPN
cjfa-3263	225	26			NOUN
cjfa-3263	225	27			PROPN
cjfa-3263	225	28	kn	kn	PROPN
cjfa-3263	225	29	n	n	ADV
cjfa-3263	225	30	kk	kk	PROPN
cjfa-3263	225	31	kn	kn	PROPN
cjfa-3263	225	32	kn	kn	PROPN
cjfa-3263	225	33	n	n	PROPN
cjfa-3263	226	1	kk	kk	INTJ
cjfa-3263	226	2	knkn	knkn	VERB
cjfa-3263	226	3	kt	kt	PROPN
cjfa-3263	226	4	pp	pp	ADV
cjfa-3263	226	5	r	r	PROPN
cjfa-3263	226	6	iqqvkrov	iqqvkrov	ADJ
cjfa-3263	226	7			NOUN
cjfa-3263	226	8			NUM
cjfa-3263	226	9			PROPN
cjfa-3263	226	10			PROPN
cjfa-3263	226	11			VERB
cjfa-3263	226	12			PUNCT
cjfa-3263	226	13			X
cjfa-3263	226	14	)	)	PUNCT
cjfa-3263	226	15	1	1	NUM
cjfa-3263	226	16	(	(	PUNCT
cjfa-3263	226	17	)	)	PUNCT
cjfa-3263	226	18	1	1	NUM
cjfa-3263	226	19	(	(	PUNCT
cjfa-3263	226	20	)	)	PUNCT
cjfa-3263	226	21	1	1	NUM
cjfa-3263	226	22	(	(	PUNCT
cjfa-3263	226	23	)	)	PUNCT
cjfa-3263	226	24	(	(	PUNCT
cjfa-3263	226	25	00	00	NUM
cjfa-3263	226	26	,	,	PUNCT
cjfa-3263	226	27	(	(	PUNCT
cjfa-3263	226	28	3	3	NUM
cjfa-3263	226	29	)	)	PUNCT
cjfa-3263	226	30	where	where	SCONJ
cjfa-3263	226	31	:	:	PUNCT
cjfa-3263	226	32	)	)	PUNCT
cjfa-3263	226	33	(	(	PUNCT
cjfa-3263	226	34	krovt	krovt	NOUN
cjfa-3263	226	35	–	–	PUNCT
cjfa-3263	226	36	the	the	DET
cjfa-3263	226	37	value	value	NOUN
cjfa-3263	226	38	of	of	ADP
cjfa-3263	226	39	the	the	DET
cjfa-3263	226	40	call	call	NOUN
cjfa-3263	226	41	real	real	ADJ
cjfa-3263	226	42	option	option	NOUN
cjfa-3263	226	43	at	at	ADP
cjfa-3263	226	44	the	the	DET
cjfa-3263	226	45	time	time	NOUN
cjfa-3263	226	46	t	t	NOUN
cjfa-3263	226	47	,	,	PUNCT
cjfa-3263	226	48	u	u	NOUN
cjfa-3263	226	49	–	–	PUNCT
cjfa-3263	226	50	an	an	DET
cjfa-3263	226	51	increase	increase	NOUN
cjfa-3263	226	52	factor	factor	NOUN
cjfa-3263	226	53	in	in	ADP
cjfa-3263	226	54	the	the	DET
cjfa-3263	226	55	value	value	NOUN
cjfa-3263	226	56	of	of	ADP
cjfa-3263	226	57	the	the	DET
cjfa-3263	226	58	underlying	underlie	VERB
cjfa-3263	226	59	asset	asset	NOUN
cjfa-3263	226	60	,	,	PUNCT
cjfa-3263	226	61	d	d	X
cjfa-3263	226	62	–	–	PUNCT
cjfa-3263	226	63	a	a	DET
cjfa-3263	226	64	fall	fall	NOUN
cjfa-3263	226	65	factor	factor	NOUN
cjfa-3263	226	66	of	of	ADP
cjfa-3263	226	67	the	the	DET
cjfa-3263	226	68	underlying	underlie	VERB
cjfa-3263	226	69	asset	asset	NOUN
cjfa-3263	226	70	,	,	PUNCT
cjfa-3263	226	71	urd	urd	ADJ
cjfa-3263	226	72	1	1	PROPN
cjfa-3263	226	73	,	,	PUNCT
cjfa-3263	226	74	p	p	NOUN
cjfa-3263	226	75	r	r	PROPN
cjfa-3263	226	76	uq	uq	NOUN
cjfa-3263	226	77			ADV
cjfa-3263	226	78			PROPN
cjfa-3263	226	79	1	1	NUM
cjfa-3263	226	80	,	,	PUNCT
cjfa-3263	226	81	du	du	PROPN
cjfa-3263	226	82	drp	drp	PROPN
cjfa-3263	226	83			PROPN
cjfa-3263	226	84			NOUN
cjfa-3263	226	85	1	1	NUM
cjfa-3263	226	86	,	,	PUNCT
cjfa-3263	226	87			PROPN
cjfa-3263	226	88	iduvnjk	iduvnjk	PROPN
cjfa-3263	226	89	jnj	jnj	PROPN
cjfa-3263	226	90			PROPN
cjfa-3263	226	91			PROPN
cjfa-3263	226	92	00	00	NUM
cjfa-3263	226	93	;	;	PUNCT
cjfa-3263	226	94	min	min	PROPN
cjfa-3263	226	95	,	,	PUNCT
cjfa-3263	226	96	other	other	ADJ
cjfa-3263	226	97	designations	designation	NOUN
cjfa-3263	226	98	remain	remain	VERB
cjfa-3263	226	99	the	the	DET
cjfa-3263	226	100	same	same	ADJ
cjfa-3263	226	101	as	as	ADP
cjfa-3263	226	102	in	in	ADP
cjfa-3263	226	103	formula	formula	NOUN
cjfa-3263	226	104	(	(	PUNCT
cjfa-3263	226	105	1	1	NUM
cjfa-3263	226	106	)	)	PUNCT
cjfa-3263	226	107	.	.	PUNCT
cjfa-3263	227	1	a	a	DET
cjfa-3263	227	2	binomial	binomial	ADJ
cjfa-3263	227	3	pricing	pricing	NOUN
cjfa-3263	227	4	model	model	NOUN
cjfa-3263	227	5	of	of	ADP
cjfa-3263	227	6	a	a	DET
cjfa-3263	227	7	put	put	ADJ
cjfa-3263	227	8	real	real	ADJ
cjfa-3263	227	9	option	option	NOUN
cjfa-3263	227	10	takes	take	VERB
cjfa-3263	227	11	the	the	DET
cjfa-3263	227	12	following	follow	VERB
cjfa-3263	227	13	form	form	NOUN
cjfa-3263	227	14	:	:	PUNCT
cjfa-3263	227	15			NOUN
cjfa-3263	227	16			PROPN
cjfa-3263	227	17			NOUN
cjfa-3263	227	18			NOUN
cjfa-3263	227	19			PRON
cjfa-3263	227	20			NOUN
cjfa-3263	227	21			NOUN
cjfa-3263	227	22			NOUN
cjfa-3263	227	23			ADV
cjfa-3263	227	24			PROPN
cjfa-3263	227	25	n	n	INTJ
cjfa-3263	227	26	kk	kk	INTJ
cjfa-3263	227	27	knkn	knkn	PROPN
cjfa-3263	228	1	k	k	PROPN
cjfa-3263	228	2	kn	kn	PROPN
cjfa-3263	228	3	n	n	PROPN
cjfa-3263	228	4	kk	kk	PROPN
cjfa-3263	228	5	kn	kn	PROPN
cjfa-3263	228	6	knt	knt	PROPN
cjfa-3263	228	7	qqvpp	qqvpp	PROPN
cjfa-3263	228	8	r	r	PROPN
cjfa-3263	228	9	isrov	isrov	VERB
cjfa-3263	228	10	00	00	PUNCT
cjfa-3263	228	11	)	)	PUNCT
cjfa-3263	228	12	1()1	1()1	NUM
cjfa-3263	228	13	(	(	PUNCT
cjfa-3263	228	14	)	)	PUNCT
cjfa-3263	228	15	1	1	NUM
cjfa-3263	228	16	(	(	PUNCT
cjfa-3263	228	17	)	)	PUNCT
cjfa-3263	228	18	(	(	PUNCT
cjfa-3263	228	19	,	,	PUNCT
cjfa-3263	228	20	(	(	PUNCT
cjfa-3263	228	21	4	4	NUM
cjfa-3263	228	22	)	)	PUNCT
cjfa-3263	228	23	where	where	SCONJ
cjfa-3263	228	24	:	:	PUNCT
cjfa-3263	228	25	)	)	PUNCT
cjfa-3263	228	26	(	(	PUNCT
cjfa-3263	228	27	srovt	srovt	NOUN
cjfa-3263	228	28	–	–	PUNCT
cjfa-3263	228	29	the	the	DET
cjfa-3263	228	30	value	value	NOUN
cjfa-3263	228	31	of	of	ADP
cjfa-3263	228	32	the	the	DET
cjfa-3263	228	33	put	put	ADJ
cjfa-3263	228	34	real	real	ADJ
cjfa-3263	228	35	option	option	NOUN
cjfa-3263	228	36	at	at	ADP
cjfa-3263	228	37	the	the	DET
cjfa-3263	228	38	time	time	NOUN
cjfa-3263	228	39	t	t	NOUN
cjfa-3263	228	40	,	,	PUNCT
cjfa-3263	228	41			PROPN
cjfa-3263	228	42	iduvnjk	iduvnjk	PROPN
cjfa-3263	228	43	jnj	jnj	PROPN
cjfa-3263	228	44			PUNCT
cjfa-3263	229	1			PROPN
cjfa-3263	229	2	00	00	NUM
cjfa-3263	229	3	;	;	PUNCT
cjfa-3263	229	4	min	min	PROPN
cjfa-3263	229	5	,	,	PUNCT
cjfa-3263	229	6	other	other	ADJ
cjfa-3263	229	7	designations	designation	NOUN
cjfa-3263	229	8	remain	remain	VERB
cjfa-3263	229	9	the	the	DET
cjfa-3263	229	10	same	same	ADJ
cjfa-3263	229	11	as	as	ADP
cjfa-3263	229	12	in	in	ADP
cjfa-3263	229	13	formula	formula	NOUN
cjfa-3263	229	14	(	(	PUNCT
cjfa-3263	229	15	3	3	NUM
cjfa-3263	229	16	)	)	PUNCT
cjfa-3263	229	17	.	.	PUNCT
cjfa-3263	230	1	if	if	SCONJ
cjfa-3263	230	2	the	the	DET
cjfa-3263	230	3	binomial	binomial	ADJ
cjfa-3263	230	4	model	model	NOUN
cjfa-3263	230	5	has	have	VERB
cjfa-3263	230	6	an	an	DET
cjfa-3263	230	7	increasing	increase	VERB
cjfa-3263	230	8	number	number	NOUN
cjfa-3263	230	9	of	of	ADP
cjfa-3263	230	10	the	the	DET
cjfa-3263	230	11	moments	moment	NOUN
cjfa-3263	230	12	of	of	ADP
cjfa-3263	230	13	realization	realization	NOUN
cjfa-3263	230	14	,	,	PUNCT
cjfa-3263	230	15	the	the	DET
cjfa-3263	230	16	result	result	NOUN
cjfa-3263	230	17	obtained	obtain	VERB
cjfa-3263	230	18	from	from	ADP
cjfa-3263	230	19	this	this	DET
cjfa-3263	230	20	model	model	NOUN
cjfa-3263	230	21	is	be	AUX
cjfa-3263	230	22	close	close	ADJ
cjfa-3263	230	23	to	to	ADP
cjfa-3263	230	24	the	the	DET
cjfa-3263	230	25	value	value	NOUN
cjfa-3263	230	26	of	of	ADP
cjfa-3263	230	27	the	the	DET
cjfa-3263	230	28	real	real	ADJ
cjfa-3263	230	29	option	option	NOUN
cjfa-3263	230	30	derived	derive	VERB
cjfa-3263	230	31	from	from	ADP
cjfa-3263	230	32	the	the	DET
cjfa-3263	230	33	blackscholes	blackschole	NOUN
cjfa-3263	230	34	model	model	NOUN
cjfa-3263	230	35	.	.	PUNCT
cjfa-3263	231	1	conclusions	conclusion	NOUN
cjfa-3263	231	2	pro	pro	ADJ
cjfa-3263	231	3	-	-	ADJ
cjfa-3263	231	4	ecological	ecological	ADJ
cjfa-3263	231	5	investments	investment	NOUN
cjfa-3263	231	6	are	be	AUX
cjfa-3263	231	7	often	often	ADV
cjfa-3263	231	8	characterized	characterize	VERB
cjfa-3263	231	9	by	by	ADP
cjfa-3263	231	10	the	the	DET
cjfa-3263	231	11	following	follow	VERB
cjfa-3263	231	12	properties	property	NOUN
cjfa-3263	231	13	:	:	PUNCT
cjfa-3263	231	14	–	–	PUNCT
cjfa-3263	231	15	in	in	ADP
cjfa-3263	231	16	the	the	DET
cjfa-3263	231	17	initial	initial	ADJ
cjfa-3263	231	18	phase	phase	NOUN
cjfa-3263	231	19	of	of	ADP
cjfa-3263	231	20	their	their	PRON
cjfa-3263	231	21	implementation	implementation	NOUN
cjfa-3263	231	22	,	,	PUNCT
cjfa-3263	231	23	significant	significant	ADJ
cjfa-3263	231	24	financial	financial	ADJ
cjfa-3263	231	25	outlays	outlay	NOUN
cjfa-3263	231	26	are	be	AUX
cjfa-3263	231	27	incurred	incur	VERB
cjfa-3263	231	28	,	,	PUNCT
cjfa-3263	231	29	–	–	PUNCT
cjfa-3263	231	30	in	in	ADP
cjfa-3263	231	31	a	a	DET
cjfa-3263	231	32	longer	long	ADJ
cjfa-3263	231	33	time	time	NOUN
cjfa-3263	231	34	period	period	NOUN
cjfa-3263	231	35	they	they	PRON
cjfa-3263	231	36	may	may	AUX
cjfa-3263	231	37	affect	affect	VERB
cjfa-3263	231	38	the	the	DET
cjfa-3263	231	39	reduction	reduction	NOUN
cjfa-3263	231	40	of	of	ADP
cjfa-3263	231	41	costs	cost	NOUN
cjfa-3263	231	42	related	relate	VERB
cjfa-3263	231	43	to	to	ADP
cjfa-3263	231	44	the	the	DET
cjfa-3263	231	45	functioning	functioning	NOUN
cjfa-3263	231	46	of	of	ADP
cjfa-3263	231	47	the	the	DET
cjfa-3263	231	48	company	company	NOUN
cjfa-3263	231	49	.	.	PUNCT
cjfa-3263	232	1	other	other	ADJ
cjfa-3263	232	2	designations	designation	NOUN
cjfa-3263	232	3	remain	remain	VERB
cjfa-3263	232	4	the	the	DET
cjfa-3263	232	5	same	same	ADJ
cjfa-3263	232	6	as	as	ADP
cjfa-3263	232	7	in	in	ADP
cjfa-3263	232	8	formula	formula	NOUN
cjfa-3263	232	9	(	(	PUNCT
cjfa-3263	232	10	3	3	NUM
cjfa-3263	232	11	)	)	PUNCT
cjfa-3263	232	12	.	.	PUNCT
cjfa-3263	233	1	if	if	SCONJ
cjfa-3263	233	2	the	the	DET
cjfa-3263	233	3	binomial	binomial	ADJ
cjfa-3263	233	4	model	model	NOUN
cjfa-3263	233	5	has	have	VERB
cjfa-3263	233	6	an	an	DET
cjfa-3263	233	7	increasing	increase	VERB
cjfa-3263	233	8	number	number	NOUN
cjfa-3263	233	9	of	of	ADP
cjfa-3263	233	10	the	the	DET
cjfa-3263	233	11	moments	moment	NOUN
cjfa-3263	233	12	of	of	ADP
cjfa-3263	233	13	realization	realization	NOUN
cjfa-3263	233	14	,	,	PUNCT
cjfa-3263	233	15	the	the	DET
cjfa-3263	233	16	result	result	NOUN
cjfa-3263	233	17	obtained	obtain	VERB
cjfa-3263	233	18	from	from	ADP
cjfa-3263	233	19	this	this	DET
cjfa-3263	233	20	model	model	NOUN
cjfa-3263	233	21	is	be	AUX
cjfa-3263	233	22	close	close	ADJ
cjfa-3263	233	23	to	to	ADP
cjfa-3263	233	24	the	the	DET
cjfa-3263	233	25	value	value	NOUN
cjfa-3263	233	26	of	of	ADP
cjfa-3263	233	27	the	the	DET
cjfa-3263	233	28	real	real	ADJ
cjfa-3263	233	29	option	option	NOUN
cjfa-3263	233	30	derived	derive	VERB
cjfa-3263	233	31	from	from	ADP
cjfa-3263	233	32	the	the	DET
cjfa-3263	233	33	black	black	ADJ
cjfa-3263	233	34	-	-	PUNCT
cjfa-3263	233	35	scholes	schole	NOUN
cjfa-3263	233	36	model	model	NOUN
cjfa-3263	233	37	.	.	PUNCT
cjfa-3263	233	38	 	 	SPACE
cjfa-3263	234	1	conclusions	conclusion	NOUN
cjfa-3263	234	2	pro	pro	ADJ
cjfa-3263	234	3	-	-	ADJ
cjfa-3263	234	4	ecological	ecological	ADJ
cjfa-3263	234	5	investments	investment	NOUN
cjfa-3263	234	6	are	be	AUX
cjfa-3263	234	7	often	often	ADV
cjfa-3263	234	8	characterized	characterize	VERB
cjfa-3263	234	9	by	by	ADP
cjfa-3263	234	10	the	the	DET
cjfa-3263	234	11	following	follow	VERB
cjfa-3263	234	12	properties	property	NOUN
cjfa-3263	234	13	:	:	PUNCT
cjfa-3263	234	14	■	■	PUNCT
cjfa-3263	234	15	in	in	ADP
cjfa-3263	234	16	the	the	DET
cjfa-3263	234	17	initial	initial	ADJ
cjfa-3263	234	18	phase	phase	NOUN
cjfa-3263	234	19	of	of	ADP
cjfa-3263	234	20	their	their	PRON
cjfa-3263	234	21	implementation	implementation	NOUN
cjfa-3263	234	22	,	,	PUNCT
cjfa-3263	234	23	significant	significant	ADJ
cjfa-3263	234	24	financial	financial	ADJ
cjfa-3263	234	25	outlays	outlay	NOUN
cjfa-3263	234	26	are	be	AUX
cjfa-3263	234	27	incurred	incur	VERB
cjfa-3263	234	28	,	,	PUNCT
cjfa-3263	234	29	■	■	PUNCT
cjfa-3263	234	30	in	in	ADP
cjfa-3263	234	31	a	a	DET
cjfa-3263	234	32	longer	long	ADJ
cjfa-3263	234	33	time	time	NOUN
cjfa-3263	234	34	period	period	NOUN
cjfa-3263	234	35	they	they	PRON
cjfa-3263	234	36	may	may	AUX
cjfa-3263	234	37	affect	affect	VERB
cjfa-3263	234	38	the	the	DET
cjfa-3263	234	39	reduction	reduction	NOUN
cjfa-3263	234	40	of	of	ADP
cjfa-3263	234	41	costs	cost	NOUN
cjfa-3263	234	42	related	relate	VERB
cjfa-3263	234	43	to	to	ADP
cjfa-3263	234	44	the	the	DET
cjfa-3263	234	45	functioning	functioning	NOUN
cjfa-3263	234	46	of	of	ADP
cjfa-3263	234	47	the	the	DET
cjfa-3263	234	48	company	company	NOUN
cjfa-3263	234	49	.	.	PUNCT
cjfa-3263	235	1	traditional	traditional	ADJ
cjfa-3263	235	2	methods	method	NOUN
cjfa-3263	235	3	of	of	ADP
cjfa-3263	235	4	the	the	DET
cjfa-3263	235	5	evaluation	evaluation	NOUN
cjfa-3263	235	6	of	of	ADP
cjfa-3263	235	7	investment	investment	NOUN
cjfa-3263	235	8	projects	project	NOUN
cjfa-3263	235	9	(	(	PUNCT
cjfa-3263	235	10	e.g.	e.g.	ADV
cjfa-3263	235	11	,	,	PUNCT
cjfa-3263	235	12	the	the	DET
cjfa-3263	235	13	net	net	ADJ
cjfa-3263	235	14	present	present	ADJ
cjfa-3263	235	15	value	value	NOUN
cjfa-3263	235	16	method	method	NOUN
cjfa-3263	235	17	)	)	PUNCT
cjfa-3263	235	18	may	may	AUX
cjfa-3263	235	19	understate	understate	VERB
cjfa-3263	235	20	the	the	DET
cjfa-3263	235	21	value	value	NOUN
cjfa-3263	235	22	of	of	ADP
cjfa-3263	235	23	some	some	PRON
cjfa-3263	235	24	of	of	ADP
cjfa-3263	235	25	the	the	DET
cjfa-3263	235	26	analysed	analyse	VERB
cjfa-3263	235	27	environmental	environmental	ADJ
cjfa-3263	235	28	investment	investment	NOUN
cjfa-3263	235	29	projects	project	NOUN
cjfa-3263	235	30	,	,	PUNCT
cjfa-3263	235	31	because	because	SCONJ
cjfa-3263	235	32	these	these	DET
cjfa-3263	235	33	methods	method	NOUN
cjfa-3263	235	34	do	do	AUX
cjfa-3263	235	35	not	not	PART
cjfa-3263	235	36	consider	consider	VERB
cjfa-3263	235	37	the	the	DET
cjfa-3263	235	38	possibility	possibility	NOUN
cjfa-3263	235	39	of	of	ADP
cjfa-3263	235	40	active	active	ADJ
cjfa-3263	235	41	management	management	NOUN
cjfa-3263	235	42	of	of	ADP
cjfa-3263	235	43	the	the	DET
cjfa-3263	235	44	project	project	NOUN
cjfa-3263	235	45	.	.	PUNCT
cjfa-3263	236	1	the	the	DET
cjfa-3263	236	2	company	company	NOUN
cjfa-3263	236	3	which	which	PRON
cjfa-3263	236	4	has	have	VERB
cjfa-3263	236	5	real	real	ADJ
cjfa-3263	236	6	options	option	NOUN
cjfa-3263	236	7	can	can	AUX
cjfa-3263	236	8	create	create	VERB
cjfa-3263	236	9	favourable	favourable	ADJ
cjfa-3263	236	10	conditions	condition	NOUN
cjfa-3263	236	11	for	for	ADP
cjfa-3263	236	12	themselves	themselves	PRON
cjfa-3263	236	13	,	,	PUNCT
cjfa-3263	236	14	and	and	CCONJ
cjfa-3263	236	15	thus	thus	ADV
cjfa-3263	236	16	affect	affect	VERB
cjfa-3263	236	17	the	the	DET
cjfa-3263	236	18	environment	environment	NOUN
cjfa-3263	236	19	.	.	PUNCT
cjfa-3263	237	1	real	real	ADJ
cjfa-3263	237	2	options	option	NOUN
cjfa-3263	237	3	analysis	analysis	NOUN
cjfa-3263	237	4	allows	allow	VERB
cjfa-3263	237	5	measurement	measurement	NOUN
cjfa-3263	237	6	of	of	ADP
cjfa-3263	237	7	projects	project	NOUN
cjfa-3263	237	8	due	due	ADJ
cjfa-3263	237	9	to	to	ADP
cjfa-3263	237	10	the	the	DET
cjfa-3263	237	11	selected	select	VERB
cjfa-3263	237	12	direction	direction	NOUN
cjfa-3263	237	13	,	,	PUNCT
cjfa-3263	237	14	the	the	DET
cjfa-3263	237	15	moment	moment	NOUN
cjfa-3263	237	16	of	of	ADP
cjfa-3263	237	17	realization	realization	NOUN
cjfa-3263	237	18	and	and	CCONJ
cjfa-3263	237	19	type	type	NOUN
cjfa-3263	237	20	of	of	ADP
cjfa-3263	237	21	investment	investment	NOUN
cjfa-3263	237	22	.	.	PUNCT
cjfa-3263	238	1	in	in	ADP
cjfa-3263	238	2	the	the	DET
cjfa-3263	238	3	case	case	NOUN
cjfa-3263	238	4	of	of	ADP
cjfa-3263	238	5	real	real	ADJ
cjfa-3263	238	6	options	option	NOUN
cjfa-3263	238	7	,	,	PUNCT
cjfa-3263	238	8	there	there	PRON
cjfa-3263	238	9	is	be	VERB
cjfa-3263	238	10	a	a	DET
cjfa-3263	238	11	possibility	possibility	NOUN
cjfa-3263	238	12	of	of	ADP
cjfa-3263	238	13	a	a	DET
cjfa-3263	238	14	controlled	control	VERB
cjfa-3263	238	15	increase	increase	NOUN
cjfa-3263	238	16	of	of	ADP
cjfa-3263	238	17	its	its	PRON
cjfa-3263	238	18	value	value	NOUN
cjfa-3263	238	19	.	.	PUNCT
cjfa-3263	239	1	real	real	ADJ
cjfa-3263	239	2	options	option	NOUN
cjfa-3263	239	3	create	create	VERB
cjfa-3263	239	4	a	a	DET
cjfa-3263	239	5	valuable	valuable	ADJ
cjfa-3263	239	6	picture	picture	NOUN
cjfa-3263	239	7	of	of	ADP
cjfa-3263	239	8	the	the	DET
cjfa-3263	239	9	generated	generate	VERB
cjfa-3263	239	10	flexibility	flexibility	NOUN
cjfa-3263	239	11	.	.	PUNCT
cjfa-3263	240	1	therefore	therefore	ADV
cjfa-3263	240	2	,	,	PUNCT
cjfa-3263	240	3	the	the	DET
cjfa-3263	240	4	real	real	ADJ
cjfa-3263	240	5	options	option	NOUN
cjfa-3263	240	6	analysis	analysis	NOUN
cjfa-3263	240	7	method	method	NOUN
cjfa-3263	240	8	is	be	AUX
cjfa-3263	240	9	particularly	particularly	ADV
cjfa-3263	240	10	attractive	attractive	ADJ
cjfa-3263	240	11	in	in	ADP
cjfa-3263	240	12	the	the	DET
cjfa-3263	240	13	evaluation	evaluation	NOUN
cjfa-3263	240	14	of	of	ADP
cjfa-3263	240	15	pro	pro	ADJ
cjfa-3263	240	16	-	-	ADJ
cjfa-3263	240	17	ecological	ecological	ADJ
cjfa-3263	240	18	investment	investment	NOUN
cjfa-3263	240	19	projects	project	NOUN
cjfa-3263	240	20	.	.	PUNCT
cjfa-3263	241	1	however	however	ADV
cjfa-3263	241	2	,	,	PUNCT
cjfa-3263	241	3	in	in	ADP
cjfa-3263	241	4	the	the	DET
cjfa-3263	241	5	case	case	NOUN
cjfa-3263	241	6	of	of	ADP
cjfa-3263	241	7	real	real	ADJ
cjfa-3263	241	8	options	option	NOUN
cjfa-3263	241	9	,	,	PUNCT
cjfa-3263	241	10	correct	correct	ADJ
cjfa-3263	241	11	variable1	variable1	NOUN
cjfa-3263	241	12	valuing2	valuing2	NOUN
cjfa-3263	241	13	and	and	CCONJ
cjfa-3263	241	14	periodic	periodic	ADJ
cjfa-3263	241	15	verification	verification	NOUN
cjfa-3263	241	16	is	be	AUX
cjfa-3263	241	17	necessity	necessity	NOUN
cjfa-3263	241	18	.	.	PUNCT
cjfa-3263	242	1	1	1	NUM
cjfa-3263	242	2	 	 	SPACE
cjfa-3263	242	3	which	which	PRON
cjfa-3263	242	4	take	take	VERB
cjfa-3263	242	5	a	a	DET
cjfa-3263	242	6	stand	stand	NOUN
cjfa-3263	242	7	in	in	ADP
cjfa-3263	242	8	model	model	NOUN
cjfa-3263	242	9	of	of	ADP
cjfa-3263	242	10	pricing	pricing	NOUN
cjfa-3263	242	11	.	.	PUNCT
cjfa-3263	243	1	2	2	NUM
cjfa-3263	243	2	 	 	SPACE
cjfa-3263	243	3	are	be	AUX
cjfa-3263	243	4	calculated	calculate	VERB
cjfa-3263	243	5	with	with	ADP
cjfa-3263	243	6	the	the	DET
cjfa-3263	243	7	use	use	NOUN
cjfa-3263	243	8	of	of	ADP
cjfa-3263	243	9	the	the	DET
cjfa-3263	243	10	advanced	advanced	ADJ
cjfa-3263	243	11	simulation	simulation	NOUN
cjfa-3263	243	12	methods	method	NOUN
cjfa-3263	243	13	.	.	PUNCT
cjfa-3263	244	1	real	real	ADJ
cjfa-3263	244	2	options	option	NOUN
cjfa-3263	244	3	in	in	ADP
cjfa-3263	244	4	the	the	DET
cjfa-3263	244	5	assessment	assessment	NOUN
cjfa-3263	244	6	of	of	ADP
cjfa-3263	244	7	the	the	DET
cjfa-3263	244	8	company	company	NOUN
cjfa-3263	244	9	’s	’s	PART
cjfa-3263	244	10	…	…	NUM
cjfa-3263	244	11	71	71	NUM
cjfa-3263	244	12	 	 	SPACE
cjfa-3263	244	13	references	reference	NOUN
cjfa-3263	244	14	amram	amram	NOUN
cjfa-3263	244	15	m.	m.	NOUN
cjfa-3263	244	16	,	,	PUNCT
cjfa-3263	244	17	kulatilaka	kulatilaka	NOUN
cjfa-3263	244	18	n.	n.	NOUN
cjfa-3263	244	19	(	(	PUNCT
cjfa-3263	244	20	1999	1999	NUM
cjfa-3263	244	21	)	)	PUNCT
cjfa-3263	244	22	,	,	PUNCT
cjfa-3263	244	23	real	real	ADJ
cjfa-3263	244	24	options	option	NOUN
cjfa-3263	244	25	,	,	PUNCT
cjfa-3263	244	26	managing	manage	VERB
cjfa-3263	244	27	investments	investment	NOUN
cjfa-3263	244	28	in	in	ADP
cjfa-3263	244	29	an	an	DET
cjfa-3263	244	30	uncertain	uncertain	ADJ
cjfa-3263	244	31	world	world	NOUN
cjfa-3263	244	32	,	,	PUNCT
cjfa-3263	244	33	hbs	hbs	PROPN
cjfa-3263	244	34	press	press	PROPN
cjfa-3263	244	35	,	,	PUNCT
cjfa-3263	244	36	boston	boston	PROPN
cjfa-3263	244	37	.	.	PUNCT
cjfa-3263	245	1	brach	brach	PROPN
cjfa-3263	245	2	m.	m.	PROPN
cjfa-3263	245	3	a.	a.	PROPN
cjfa-3263	245	4	(	(	PUNCT
cjfa-3263	245	5	2002	2002	NUM
cjfa-3263	245	6	)	)	PUNCT
cjfa-3263	245	7	,	,	PUNCT
cjfa-3263	245	8	real	real	ADJ
cjfa-3263	245	9	options	option	NOUN
cjfa-3263	245	10	in	in	ADP
cjfa-3263	245	11	practice	practice	NOUN
cjfa-3263	245	12	,	,	PUNCT
cjfa-3263	245	13	john	john	PROPN
cjfa-3263	245	14	wiley	wiley	PROPN
cjfa-3263	245	15	&	&	CCONJ
cjfa-3263	245	16	sons	sons	PROPN
cjfa-3263	245	17	,	,	PUNCT
cjfa-3263	245	18	inc	inc	PROPN
cjfa-3263	245	19	,	,	PUNCT
cjfa-3263	245	20	new	new	PROPN
cjfa-3263	245	21	york	york	PROPN
cjfa-3263	245	22	,	,	PUNCT
cjfa-3263	245	23	105–130	105–130	NUM
cjfa-3263	245	24	.	.	PUNCT
cjfa-3263	246	1	copeland	copeland	PROPN
cjfa-3263	246	2	t.	t.	PROPN
cjfa-3263	246	3	,	,	PUNCT
cjfa-3263	246	4	anticarov	anticarov	PROPN
cjfa-3263	246	5	v.	v.	PROPN
cjfa-3263	246	6	(	(	PUNCT
cjfa-3263	246	7	2001	2001	NUM
cjfa-3263	246	8	)	)	PUNCT
cjfa-3263	246	9	,	,	PUNCT
cjfa-3263	246	10	real	real	ADJ
cjfa-3263	246	11	options	option	NOUN
cjfa-3263	246	12	:	:	PUNCT
cjfa-3263	246	13	a	a	DET
cjfa-3263	246	14	practitioner	practitioner	NOUN
cjfa-3263	246	15	’s	’s	PART
cjfa-3263	246	16	guide	guide	NOUN
cjfa-3263	246	17	,	,	PUNCT
cjfa-3263	246	18	texere	texere	ADJ
cjfa-3263	246	19	,	,	PUNCT
cjfa-3263	246	20	new	new	PROPN
cjfa-3263	246	21	york	york	PROPN
cjfa-3263	246	22	.	.	PUNCT
cjfa-3263	247	1	dziawgo	dziawgo	PROPN
cjfa-3263	247	2	e.	e.	PROPN
cjfa-3263	247	3	(	(	PUNCT
cjfa-3263	247	4	2003	2003	NUM
cjfa-3263	247	5	)	)	PUNCT
cjfa-3263	247	6	,	,	PUNCT
cjfa-3263	247	7	modele	modele	PROPN
cjfa-3263	247	8	kontraktów	kontraktów	PROPN
cjfa-3263	247	9	opcyjnych	opcyjnych	PROPN
cjfa-3263	247	10	,	,	PUNCT
cjfa-3263	247	11	wydawnictwo	wydawnictwo	ADJ
cjfa-3263	247	12	naukowe	naukowe	NOUN
cjfa-3263	247	13	uniwersytetu	uniwersytetu	NOUN
cjfa-3263	247	14	mikołaja	mikołaja	PROPN
cjfa-3263	247	15	kopernika	kopernika	NOUN
cjfa-3263	247	16	,	,	PUNCT
cjfa-3263	247	17	toruń	toruń	NOUN
cjfa-3263	247	18	,	,	PUNCT
cjfa-3263	247	19	97–100	97–100	PROPN
cjfa-3263	247	20	.	.	PUNCT
cjfa-3263	248	1	dziawgo	dziawgo	PROPN
cjfa-3263	248	2	e.	e.	PROPN
cjfa-3263	248	3	(	(	PUNCT
cjfa-3263	248	4	2009	2009	NUM
cjfa-3263	248	5	)	)	PUNCT
cjfa-3263	248	6	,	,	PUNCT
cjfa-3263	248	7	opcje	opcje	PROPN
cjfa-3263	248	8	rzeczowe	rzeczowe	PROPN
cjfa-3263	248	9	w	w	PROPN
cjfa-3263	248	10	proekologicznych	proekologicznych	PROPN
cjfa-3263	248	11	strategiach	strategiach	PROPN
cjfa-3263	248	12	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-3263	248	13	,	,	PUNCT
cjfa-3263	248	14	[	[	X
cjfa-3263	248	15	in	in	ADP
cjfa-3263	248	16	:]	:]	PROPN
cjfa-3263	248	17	funkcjonowanie	funkcjonowanie	PROPN
cjfa-3263	248	18	przedsiębiorstw	przedsiębiorstw	PROPN
cjfa-3263	248	19	w	w	ADP
cjfa-3263	248	20	warunkach	warunkach	PROPN
cjfa-3263	248	21	zrównoważonego	zrównoważonego	PROPN
cjfa-3263	248	22	rozwoju	rozwoju	PROPN
cjfa-3263	249	1	i	i	PRON
cjfa-3263	249	2	gospodarki	gospodarki	NOUN
cjfa-3263	249	3	opartej	opartej	NOUN
cjfa-3263	249	4	na	na	ADP
cjfa-3263	249	5	wiedzy	wiedzy	NOUN
cjfa-3263	249	6	,	,	PUNCT
cjfa-3263	249	7	e.	e.	PROPN
cjfa-3263	249	8	sidorczuk	sidorczuk	PROPN
cjfa-3263	249	9	-	-	PUNCT
cjfa-3263	249	10	pietraszko	pietraszko	NOUN
cjfa-3263	249	11	(	(	PUNCT
cjfa-3263	249	12	ed	ed	NOUN
cjfa-3263	249	13	.	.	PUNCT
cjfa-3263	249	14	)	)	PUNCT
cjfa-3263	249	15	,	,	PUNCT
cjfa-3263	249	16	wydawnictwo	wydawnictwo	PROPN
cjfa-3263	249	17	wyższej	wyższej	VERB
cjfa-3263	249	18	szkoły	szkoły	NOUN
cjfa-3263	249	19	ekonomicznej	ekonomicznej	PROPN
cjfa-3263	249	20	w	w	PROPN
cjfa-3263	249	21	białymstoku	białymstoku	PROPN
cjfa-3263	249	22	,	,	PUNCT
cjfa-3263	249	23	białystok	białystok	NOUN
cjfa-3263	249	24	,	,	PUNCT
cjfa-3263	249	25	261–269	261–269	NUM
cjfa-3263	249	26	.	.	PUNCT
cjfa-3263	250	1	jajuga	jajuga	PROPN
cjfa-3263	250	2	t.	t.	PROPN
cjfa-3263	250	3	(	(	PUNCT
cjfa-3263	250	4	2000	2000	NUM
cjfa-3263	250	5	)	)	PUNCT
cjfa-3263	250	6	.	.	PUNCT
cjfa-3263	251	1	opcja	opcja	PROPN
cjfa-3263	251	2	rzeczowa	rzeczowa	ADJ
cjfa-3263	251	3	–	–	PUNCT
cjfa-3263	251	4	nowy	nowy	X
cjfa-3263	251	5	instrument	instrument	NOUN
cjfa-3263	251	6	pochodny	pochodny	VERB
cjfa-3263	251	7	czy	czy	PROPN
cjfa-3263	251	8	przełom	przełom	PROPN
cjfa-3263	251	9	w	w	PROPN
cjfa-3263	251	10	zarządzaniu	zarządzaniu	PROPN
cjfa-3263	251	11	finansami	finansami	PROPN
cjfa-3263	251	12	.	.	PUNCT
cjfa-3263	252	1	rynek	rynek	PROPN
cjfa-3263	252	2	terminowy	terminowy	VERB
cjfa-3263	252	3	,	,	PUNCT
cjfa-3263	252	4	9	9	NUM
cjfa-3263	252	5	(	(	PUNCT
cjfa-3263	252	6	3	3	NUM
cjfa-3263	252	7	)	)	PUNCT
cjfa-3263	252	8	,	,	PUNCT
cjfa-3263	252	9	88–92	88–92	NUM
cjfa-3263	252	10	.	.	PUNCT
cjfa-3263	253	1	nahotko	nahotko	PROPN
cjfa-3263	253	2	s.	s.	PROPN
cjfa-3263	253	3	(	(	PUNCT
cjfa-3263	253	4	2002	2002	NUM
cjfa-3263	253	5	)	)	PUNCT
cjfa-3263	253	6	,	,	PUNCT
cjfa-3263	253	7	podstawy	podstawy	NOUN
cjfa-3263	253	8	ekologicznego	ekologicznego	PROPN
cjfa-3263	253	9	zarządzania	zarządzania	PROPN
cjfa-3263	253	10	przedsiębiorstwem	przedsiębiorstwem	PROPN
cjfa-3263	253	11	,	,	PUNCT
cjfa-3263	253	12	oficyna	oficyna	PROPN
cjfa-3263	253	13	wydawnicza	wydawnicza	NOUN
cjfa-3263	253	14	ośrodka	ośrodka	PROPN
cjfa-3263	253	15	postępu	postępu	PROPN
cjfa-3263	253	16	organizacyjnego	organizacyjnego	PROPN
cjfa-3263	253	17	,	,	PUNCT
cjfa-3263	253	18	bydgoszcz	bydgoszcz	PROPN
cjfa-3263	253	19	,	,	PUNCT
cjfa-3263	253	20	81–88	81–88	NUM
cjfa-3263	253	21	.	.	PUNCT
cjfa-3263	253	22	piontek	piontek	PROPN
cjfa-3263	253	23	b.	b.	PROPN
cjfa-3263	253	24	(	(	PUNCT
cjfa-3263	253	25	2002	2002	NUM
cjfa-3263	253	26	)	)	PUNCT
cjfa-3263	253	27	,	,	PUNCT
cjfa-3263	253	28	koncepcja	koncepcja	PROPN
cjfa-3263	253	29	rozwoju	rozwoju	PROPN
cjfa-3263	253	30	zrównoważonego	zrównoważonego	PROPN
cjfa-3263	253	31	i	i	PROPN
cjfa-3263	253	32	trwałego	trwałego	PROPN
cjfa-3263	253	33	polski	polski	PROPN
cjfa-3263	253	34	,	,	PUNCT
cjfa-3263	253	35	wydawnictwo	wydawnictwo	PROPN
cjfa-3263	253	36	naukowe	naukowe	NOUN
cjfa-3263	253	37	pwn	pwn	PROPN
cjfa-3263	253	38	,	,	PUNCT
cjfa-3263	253	39	warszawa	warszawa	PROPN
cjfa-3263	253	40	–	–	PUNCT
cjfa-3263	253	41	kraków	kraków	PROPN
cjfa-3263	253	42	.	.	PUNCT
cjfa-3263	254	1	piontek	piontek	PROPN
cjfa-3263	254	2	b.	b.	PROPN
cjfa-3263	254	3	,	,	PUNCT
cjfa-3263	254	4	piontek	piontek	PROPN
cjfa-3263	254	5	f.	f.	PROPN
cjfa-3263	254	6	,	,	PUNCT
cjfa-3263	254	7	piontek	piontek	PROPN
cjfa-3263	254	8	w.	w.	PROPN
cjfa-3263	254	9	(	(	PUNCT
cjfa-3263	254	10	1997	1997	NUM
cjfa-3263	254	11	)	)	PUNCT
cjfa-3263	254	12	,	,	PUNCT
cjfa-3263	254	13	ekorozwój	ekorozwój	PROPN
cjfa-3263	254	14	i	i	PRON
cjfa-3263	254	15	narzędzia	narzędzia	PROPN
cjfa-3263	254	16	jego	jego	PROPN
cjfa-3263	254	17	realizacji	realizacji	NOUN
cjfa-3263	254	18	,	,	PUNCT
cjfa-3263	254	19	wydawnictwo	wydawnictwo	PROPN
cjfa-3263	254	20	ekonomia	ekonomia	NOUN
cjfa-3263	254	21	i	i	PRON
cjfa-3263	254	22	środowisko	środowisko	ADV
cjfa-3263	254	23	,	,	PUNCT
cjfa-3263	254	24	białystok	białystok	PROPN
cjfa-3263	254	25	.	.	PUNCT
cjfa-3263	255	1	płoska	płoska	PROPN
cjfa-3263	255	2	r.	r.	PROPN
cjfa-3263	255	3	(	(	PUNCT
cjfa-3263	255	4	2006	2006	NUM
cjfa-3263	255	5	)	)	PUNCT
cjfa-3263	255	6	,	,	PUNCT
cjfa-3263	255	7	proekologiczne	proekologiczne	PROPN
cjfa-3263	255	8	działania	działania	PROPN
cjfa-3263	255	9	przedsiębiorstwa	przedsiębiorstwa	PROPN
cjfa-3263	255	10	jako	jako	PROPN
cjfa-3263	255	11	podstawa	podstawa	PROPN
cjfa-3263	255	12	budowania	budowania	PROPN
cjfa-3263	255	13	przewagi	przewagi	NOUN
cjfa-3263	255	14	konkurencyjnej	konkurencyjnej	NOUN
cjfa-3263	255	15	,	,	PUNCT
cjfa-3263	255	16	[	[	X
cjfa-3263	255	17	in	in	ADP
cjfa-3263	255	18	:]	:]	PROPN
cjfa-3263	255	19	strategia	strategia	PROPN
cjfa-3263	255	20	lizbońska	lizbońska	PROPN
cjfa-3263	255	21	a	a	DET
cjfa-3263	255	22	zarządzanie	zarządzanie	PROPN
cjfa-3263	255	23	wartością	wartością	PROPN
cjfa-3263	255	24	,	,	PUNCT
cjfa-3263	255	25	l.	l.	PROPN
cjfa-3263	255	26	pawłowicz	pawłowicz	PROPN
cjfa-3263	255	27	(	(	PUNCT
cjfa-3263	255	28	ed	ed	NOUN
cjfa-3263	255	29	.	.	PUNCT
cjfa-3263	255	30	)	)	PUNCT
cjfa-3263	255	31	,	,	PUNCT
cjfa-3263	255	32	cedewu	cedewu	NOUN
cjfa-3263	255	33	,	,	PUNCT
cjfa-3263	255	34	warszawa	warszawa	PROPN
cjfa-3263	255	35	,	,	PUNCT
cjfa-3263	255	36	127–137	127–137	NUM
cjfa-3263	255	37	.	.	PUNCT
cjfa-3263	255	38	ryszko	ryszko	ADJ
cjfa-3263	255	39	a.	a.	PROPN
cjfa-3263	255	40	,	,	PUNCT
cjfa-3263	255	41	(	(	PUNCT
cjfa-3263	255	42	2007	2007	NUM
cjfa-3263	255	43	)	)	PUNCT
cjfa-3263	255	44	,	,	PUNCT
cjfa-3263	255	45	proaktywność	proaktywność	NOUN
cjfa-3263	255	46	przedsiębiorstw	przedsiębiorstw	NOUN
cjfa-3263	255	47	w	w	PROPN
cjfa-3263	255	48	zarządzaniu	zarządzaniu	PROPN
cjfa-3263	255	49	środowiskiem	środowiskiem	PROPN
cjfa-3263	255	50	,	,	PUNCT
cjfa-3263	255	51	determinanty	determinanty	NOUN
cjfa-3263	255	52	,	,	PUNCT
cjfa-3263	255	53	mierniki	mierniki	PROPN
cjfa-3263	255	54	i	i	PRON
cjfa-3263	255	55	efekty	efekty	VERB
cjfa-3263	255	56	,	,	PUNCT
cjfa-3263	255	57	[	[	X
cjfa-3263	255	58	in	in	ADP
cjfa-3263	255	59	:]	:]	PRON
cjfa-3263	255	60	zrównoważony	zrównoważony	ADJ
cjfa-3263	255	61	rozwój	rozwój	PROPN
cjfa-3263	255	62	i	i	PRON
cjfa-3263	255	63	ochrona	ochrona	VERB
cjfa-3263	255	64	środowiska	środowiska	VERB
cjfa-3263	255	65	w	w	PROPN
cjfa-3263	255	66	gospodarce	gospodarce	NOUN
cjfa-3263	255	67	,	,	PUNCT
cjfa-3263	255	68	d.	d.	PROPN
cjfa-3263	255	69	kiełczewski	kiełczewski	PROPN
cjfa-3263	255	70	,	,	PUNCT
cjfa-3263	255	71	b.	b.	PROPN
cjfa-3263	255	72	dobrzańska	dobrzańska	PROPN
cjfa-3263	255	73	(	(	PUNCT
cjfa-3263	255	74	ed	ed	NOUN
cjfa-3263	255	75	.	.	PUNCT
cjfa-3263	255	76	)	)	PUNCT
cjfa-3263	255	77	,	,	PUNCT
cjfa-3263	255	78	wydawnictwo	wydawnictwo	PROPN
cjfa-3263	255	79	wyższej	wyższej	VERB
cjfa-3263	255	80	szkoły	szkoły	NOUN
cjfa-3263	255	81	ekonomicznej	ekonomicznej	PROPN
cjfa-3263	255	82	w	w	PROPN
cjfa-3263	255	83	białymstoku	białymstoku	PROPN
cjfa-3263	255	84	,	,	PUNCT
cjfa-3263	255	85	białystok	białystok	NOUN
cjfa-3263	255	86	,	,	PUNCT
cjfa-3263	255	87	345–359	345–359	NUM
cjfa-3263	255	88	.	.	PUNCT
cjfa-3263	256	1	trigeorgis	trigeorgis	PROPN
cjfa-3263	256	2	l.	l.	PROPN
cjfa-3263	256	3	(	(	PUNCT
cjfa-3263	256	4	1999	1999	NUM
cjfa-3263	256	5	)	)	PUNCT
cjfa-3263	256	6	,	,	PUNCT
cjfa-3263	256	7	real	real	ADJ
cjfa-3263	256	8	options	option	NOUN
cjfa-3263	256	9	:	:	PUNCT
cjfa-3263	256	10	a	a	DET
cjfa-3263	256	11	primer	primer	NOUN
cjfa-3263	257	1	[	[	X
cjfa-3263	257	2	in	in	ADP
cjfa-3263	257	3	:]	:]	PUNCT
cjfa-3263	257	4	the	the	DET
cjfa-3263	257	5	new	new	ADJ
cjfa-3263	257	6	investment	investment	NOUN
cjfa-3263	257	7	theory	theory	NOUN
cjfa-3263	257	8	of	of	ADP
cjfa-3263	257	9	real	real	ADJ
cjfa-3263	257	10	options	option	NOUN
cjfa-3263	257	11	and	and	CCONJ
cjfa-3263	257	12	its	its	PRON
cjfa-3263	257	13	implication	implication	NOUN
cjfa-3263	257	14	for	for	ADP
cjfa-3263	257	15	telecommunications	telecommunications	NOUN
cjfa-3263	257	16	economics	economic	NOUN
cjfa-3263	257	17	,	,	PUNCT
cjfa-3263	257	18	j.	j.	PROPN
cjfa-3263	257	19	alleman	alleman	PROPN
cjfa-3263	257	20	,	,	PUNCT
cjfa-3263	257	21	e.	e.	PROPN
cjfa-3263	257	22	noam	noam	PROPN
cjfa-3263	257	23	(	(	PUNCT
cjfa-3263	257	24	ed	ed	NOUN
cjfa-3263	257	25	.	.	PUNCT
cjfa-3263	257	26	)	)	PUNCT
cjfa-3263	257	27	,	,	PUNCT
cjfa-3263	257	28	kluwer	kluwer	NOUN
cjfa-3263	257	29	academic	academic	ADJ
cjfa-3263	257	30	publishers	publisher	NOUN
cjfa-3263	257	31	,	,	PUNCT
cjfa-3263	257	32	boston	boston	PROPN
cjfa-3263	257	33	,	,	PUNCT
cjfa-3263	257	34	3–34	3–34	PROPN
cjfa-3263	257	35	.	.	PUNCT
cjfa-3263	258	1	ziarkowski	ziarkowski	PROPN
cjfa-3263	258	2	r.	r.	PROPN
cjfa-3263	258	3	(	(	PUNCT
cjfa-3263	258	4	2004	2004	NUM
cjfa-3263	258	5	)	)	PUNCT
cjfa-3263	258	6	,	,	PUNCT
cjfa-3263	258	7	opcje	opcje	PROPN
cjfa-3263	258	8	rzeczowe	rzeczowe	PROPN
cjfa-3263	258	9	oraz	oraz	PROPN
cjfa-3263	258	10	ich	ich	PROPN
cjfa-3263	258	11	zastosowanie	zastosowanie	PROPN
cjfa-3263	258	12	w	w	PROPN
cjfa-3263	258	13	formułowaniu	formułowaniu	PROPN
cjfa-3263	258	14	i	i	PRON
cjfa-3263	258	15	ocenie	ocenie	VERB
cjfa-3263	258	16	projektów	projektów	PROPN
cjfa-3263	258	17	inwestycyjnych	inwestycyjnych	NOUN
cjfa-3263	258	18	,	,	PUNCT
cjfa-3263	258	19	wydawnictwo	wydawnictwo	PROPN
cjfa-3263	258	20	akademii	akademii	PROPN
cjfa-3263	258	21	ekonomicznej	ekonomicznej	PROPN
cjfa-3263	258	22	w	w	PROPN
cjfa-3263	258	23	katowicach	katowicach	PROPN
cjfa-3263	258	24	,	,	PUNCT
cjfa-3263	258	25	katowice	katowice	PROPN
cjfa-3263	258	26	.	.	PUNCT