Real Options and Investment under Uncertainty - Classical Readings and Recent Contributions (Paperback, New Ed)


The study of investment under uncertainty was stagnant for several decades, until recent developments in real options provided the tools to revitalize the field. The techniques and insights derived from option pricing can now be used to quantify the elusive elements of managerial operating flexibility and strategic interactions ignored or underestimated by conventional Net Present Value and other quantitative approaches.Topics covered include the reasons for the under-investment problem and conceptual frameworks for viewing productive investment opportunities as real options; useful valuation building blocks; the quantifying of various types of real options separately and in combination; strategic aspects of investment under uncertainty; numerical analysis techniques; a variety of applications, including the valuing of natural resources, R&D and pioneer ventures, land development, strategic acquisitions, government subsidies, power plants and pollution options, flexible manufacturing, and multinational operations; and empirical evidence from oil leasing, land prices, and discontinued operations.


R1,490
List Price R1,687
Save R197 12%

Or split into 4x interest-free payments of 25% on orders over R50
Learn more

Discovery Miles14900
Mobicred@R140pm x 12* Mobicred Info
Free Delivery
Delivery AdviceOut of stock

Toggle WishListAdd to wish list
Review this Item

Product Description

The study of investment under uncertainty was stagnant for several decades, until recent developments in real options provided the tools to revitalize the field. The techniques and insights derived from option pricing can now be used to quantify the elusive elements of managerial operating flexibility and strategic interactions ignored or underestimated by conventional Net Present Value and other quantitative approaches.Topics covered include the reasons for the under-investment problem and conceptual frameworks for viewing productive investment opportunities as real options; useful valuation building blocks; the quantifying of various types of real options separately and in combination; strategic aspects of investment under uncertainty; numerical analysis techniques; a variety of applications, including the valuing of natural resources, R&D and pioneer ventures, land development, strategic acquisitions, government subsidies, power plants and pollution options, flexible manufacturing, and multinational operations; and empirical evidence from oil leasing, land prices, and discontinued operations.

Customer Reviews

No reviews or ratings yet - be the first to create one!

Product Details

General

Imprint

MIT Press

Country of origin

United States

Series

Real Options and Investment under Uncertainty

Release date

August 2004

Availability

Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.

First published

2004

Editors

,

Dimensions

229 x 178 x 38mm (L x W x T)

Format

Paperback - Trade

Pages

881

Edition

New Ed

ISBN-13

978-0-262-69318-9

Barcode

9780262693189

Categories

LSN

0-262-69318-6



Trending On Loot