A party’s best alternative to a negotiated agreement is what it will do if this negotiation fails: another venue, broker or vendor, building the capability itself, or doing without. Its reservation value is the value of that alternative: the worst terms it should accept.
Quantitative Finance · शब्दावली
Best alternative to a negotiated agreement, reservation value क्या है?
अन्य नाम: best alternative to a negotiated agreement · reservation value