Real Options in Theory and Practice - Couverture rigide

Guthrie, Graeme

Couverture rigide

ISBN 10 : 0195380630 ISBN 13 : 9780195380637

Editeur : Oxford University Press Inc, 2009

Synopsis

Decision makers in business and economics face a staggering array of problems. Managers of growing firms have to decide which growth options will expand their business. Governments have to decide which infrastructure investments to undertake. Managers of oil firms must decide how rapidly to deplete their reserves. Owners of land must decide when and how to develop. Operators of power plants must decide when to start them up and when to shut them down. While these problems seem quite diverse, they share many important features. In each case, the decision maker must choose when to take a particular action that will be difficult, if not impossible, to reverse. In each case, the consequences of taking (or not taking) that action are uncertain. The timing and nature of these actions directly affect revenue.
Real options that often vary radically from one problem to another. The book focuses on building a general approach to solving problems from the ground up to show readers how real options can be assembled in a way appropriate to the individual problem being analyzed. The book will inform both practitioners who want to develop their analytical techniques and also graduate students who will eventually become practitioners.
The real-options approach to capital budgeting (and business decision-making more generally) was introduced 30 years ago and is now widely accepted. While there are now many books that introduce the concept of real options to a general business audience, students and practitioners have been given little guidance as to how to actually implement these concepts in practice.

A propos du livre

À propos de l'auteur

Graeme Guthrie is a professor in the School of Economics and Finance at Victoria University of Wellington.

Détails de l'édition

• Éditeur: Oxford University Press Inc
• Date d'édition: 2009
• Langue: anglais
• ISBN 10: 0195380630
• ISBN 13: 9780195380637
• Reliure: Relié
• Nombre de pages: 432
• Coordonnées du fabricant: Oxford University Press; https://corp.oup.com/; ; WMF Platz 1; Geislingen/Steige; Baden-W?rttemberg; 73312; Allemagne