Real Options in Capital Investment (Hardcover)

Sprache: Englisch

Verlag: Bloomsbury Publishing Plc, Westport, 1995

0275946169 / 9780275946166

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Artikelbeschreibung des Verkäufers

Hardcover. This compilation integrates various new contributions to the growing real options literature. Recent developments in the valuation of capital investment opportunities seen as real options (e.g. to defer, expand, abandon, or switch) have provided the tools and unlocked the possibilities to revolutionize the field of capital budgeting. The resulting insights, strategies, and techniques enable quantifying the thus far elusive elements of managerial operating flexibility and strategic interactions. These are vital to successfully capitalize on favorable future investment opportunities or limit losses from adverse market developments. This book presents various models and operating strategies, and a variety of applications ranging from acquisitions and divestitures, to natural resource development and pollution compliance. It is intended for both the academic and the professional market.The book's contributions are divided into five parts, covering sections on real options and alternative valuation paradigms for capital investment analysis; on the analysis of general exchange or switching options, and interdependencies among multiple such options; on strategic acquisitions, infrastructure, and foreign investment options; on mean reversion/ alternative formulations in natural resource investments, shipping, and start-up ventures; and on other applications in pollution compliance, land development, flexible manufacturing, and financial default options. Both academic and practitioner interest in these developments is unusually high. The book can serve as supplementary material for the academic market, e.g., in advanced finance courses in option pricing or capital budgeting, in doctoral seminars, and as a library resource. It may also be of interest to the professional market (e.g. corporate planners and finance executives in the oil, pharmaceutical, auto and a variety of other industries), academics from related areas (e.g. decision analysts or economists), as well as to international readers (academics, doctoral students, and professionals). This compilation integrates various new contributions to the growing real options literature. It is intended for both the academic and the professional market.The book's contributions are divided into five parts, covering sections on real options and alternative valuation paradigms for capital investment analysis; This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…

Bestandsnummer des Verkäufers 9780275946166

Titel
Real Options in Capital Investment (Hardcover)
Autor
Lenos Trigeorgis
Verlag
Bloomsbury Publishing Plc, Westport
Erscheinungsjahr
1995
Zustand
new
Einband
Hardcover
Sprache
Englisch
ISBN-10
0275946169
ISBN-13
9780275946166

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