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

Softcover

ISBN 10: 0262693186 ISBN 13: 9780262693189

Verlag: MIT Press, 2004

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Críticas:

"A book of carefully chosen readings on real options is long overdue; the recognition that nearly every serious investment decision has important embedded options has spawned a growing and vibrant literature. Real Options and Investment Uncertainty will be an indispensable reference for both the practitioner who is looking for guidance and the academic who would like to know more about this new research area." Stephen Ross, Franco Modigliani Professor of Finance and Economics, Massachusetts Institute of Technology

Reseña del editor:

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.

Über diese Auflage

• Verlag: MIT Press
• Erscheinungsdatum: 2004
• ISBN 10: 0262693186
• ISBN 13: 9780262693189
• Einband: Tapa blanda
• Anzahl der Seiten: 881
• Herausgeber: Schwartz Eduardo S., Trigeorgis Lenos