The study of investment under uncertainty was stagnant for several decades until developments in real options revitalized the field. The topics covered in this
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditio
Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a m
Using real-world examples and clear case studies, the authors provide investors and managers with an innovative method for assessing a company's non-financial a
Examines the ways in which real options theory can contribute to strategic management. This volume offers conceptual pieces that trace out pathways for the theo
