Find your perfect holiday reading
Real Options: Managerial Flexibility and Strategy in Resource Allocation - The MIT Press (Hardback)
  • Real Options: Managerial Flexibility and Strategy in Resource Allocation - The MIT Press (Hardback)
zoom

Real Options: Managerial Flexibility and Strategy in Resource Allocation - The MIT Press (Hardback)

(author)
£54.00
Hardback 406 Pages / Published: 14/03/1996
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. In the 1970s and the 1980s, developments in the valuation of capital-investment opportunities based on options pricing revolutionized capital budgeting. Managerial flexibility to adapt and revise future decisions in order to capitalize on favorable future opportunities or to limit losses has proven vital to long-term corporate success in an uncertain and changing marketplace. In this book Lenos Trigeorgis, who has helped shape the field of real options, brings together a wealth of previously scattered knowledge and research on the new flexibility in corporate resource allocation and in the evaluation of investment alternatives brought about by the shift from static cash-flow approaches to the more dynamic paradigm of real options-an approach that incorporates decisions on whether to defer, expand, contract, abandon, switch use, or otherwise alter a capital investment. Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. Also discussed are the strategic value of new technology, project interdependence, and competitive interaction. The ability to value real options has so dramatically altered the way in which corporate resources are allocated that future textbooks on capital budgeting will bear little resemblance to those of even the recent past. Real Options is a pioneer in this area, coupling a coherent picture of how option theory is used with practical insights in into real-world applications.

Publisher: MIT Press Ltd
ISBN: 9780262201025
Number of pages: 406
Weight: 726 g
Dimensions: 229 x 160 x 34 mm

You may also be interested in...

Key Management Ratios
Added to basket
Corporate Finance For Dummies
Added to basket
Valuation
Added to basket
£65.00
Paperback
Venture Capital
Added to basket
£16.99
Paperback
Financial Intelligence, Revised Edition
Added to basket
The Financial Controller
Added to basket
How to Measure Anything
Added to basket
Valuation Workbook
Added to basket
The Complete Fundraising Handbook
Added to basket
Financial Risk Management For Dummies
Added to basket
Valuation
Added to basket
£75.00
Hardback
Corporate Finance For Dummies - UK
Added to basket
Financial Risk Manager Handbook
Added to basket

Please sign in to write a review

Your review has been submitted successfully.