Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions - Couverture rigide

 
9780262194464: Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions

Synopsis

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.

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À propos de l?auteur

Eduardo S. Schwartz is the California Professor of Real Estate and Professor of Finance, Anderson Graduate School of Management, the University of California, Los Angeles.

Lenos Trigeorgis is the Bank of Cyprus Chair Professor of Finance in the School of Economics and Management at the University of Cyprus and Professor of Finance at King's College of the University of London. He is the author of Real Options (MIT Press), Strategic Investment, and other books.

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Autres éditions populaires du même titre

9780262693189: Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions

Edition présentée

ISBN 10 :  0262693186 ISBN 13 :  9780262693189
Editeur : The MIT Press, 2004
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