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Description of Real Options

This revised edition of the highly successful book, Real Options, offers corporate decision-makers the ability to assess the profitability of their ventures and decide which avenue of expansion or investment to go down and, crucially, when to take that leap. The reader goes on a journey through real options, from the basics to more advanced topics such as options and game theory. It provides expert guidance on how to implement the theory to maximize investment opportunities by utilizing uncertainty as an asset and reducing downside risk.

Title Information

ISBN:

9781587991868

Pages:

384 pages

Format:

Hardback

Product Code:

18016

Publisher:

Texere

Published:

03/12/2003

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Contents of Real Options

1.Getting Started

2.The Change Process

3.Net Present Value

4.Comparing Net Present Value, Decision Trees, and Real Options

5.Numerical Methods for Simple Options

6.Compound and Switching Options

7.Going from One Step per Time Period to Many

8.A Four-Step Process for Valuing Real Options

9.Estimating Volatility: Consolidated Approach

10.Keeping Uncertainties Separate

11.Case Examples

12.Final Thoughts

Appendix A

Appendix B

Notes