Real Options in Theory and Practice

Business & Finance, Finance & Investing, Corporate Finance, Investments & Securities, Management & Leadership, Management
Cover of the book Real Options in Theory and Practice by Graeme Guthrie, Oxford University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Graeme Guthrie ISBN: 9780199939084
Publisher: Oxford University Press Publication: July 16, 2009
Imprint: Oxford University Press Language: English
Author: Graeme Guthrie
ISBN: 9780199939084
Publisher: Oxford University Press
Publication: July 16, 2009
Imprint: Oxford University Press
Language: English

Decision-makers in business and economics face a staggering array of problems. For example, managers of growing firms have to decide when to expand their business, governments have to decide whether to undertake large infrastructure investments, and managers of oil firms must decide how rapidly to deplete their reserves. While these problems seem quite diverse, they all share many important features. In each case, the decision-maker must choose when to take a particular action that will be potentially impossible to reverse, and the consequences of taking (or not taking) that action are uncertain. Also, the timing and nature of these actions directly affect the cash flows generated by the entities they manage. This book explains how techniques originally developed to price financial derivatives can be used to analyze real-world decisions, and provides the tools necessary to put them into practice. The real options analysis approach to decision-making is built on strong theoretical foundations, and is widely discussed in practitioner literature, but often only at a fairly intuitive level. What practitioners need-and what this book delivers-is a structured approach to systematically applying real options analysis to the wide variety of problems they will meet in business and economics. Real Options in Theory and Practice focuses on building up a general approach to solving real options problems from the ground up. Rather than aiming to build a "black box" to solve a small set of standardized real options problems, it describes the building blocks of any successful real options analysis and shows how they can be assembled in a way that is appropriate to the problem being analyzed. For both practitioners and academics, Real Options in Theory and Practice will serve as an authoritative and invaluable resource for those looking for effective and practical solutions to complex, real-life problems.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Decision-makers in business and economics face a staggering array of problems. For example, managers of growing firms have to decide when to expand their business, governments have to decide whether to undertake large infrastructure investments, and managers of oil firms must decide how rapidly to deplete their reserves. While these problems seem quite diverse, they all share many important features. In each case, the decision-maker must choose when to take a particular action that will be potentially impossible to reverse, and the consequences of taking (or not taking) that action are uncertain. Also, the timing and nature of these actions directly affect the cash flows generated by the entities they manage. This book explains how techniques originally developed to price financial derivatives can be used to analyze real-world decisions, and provides the tools necessary to put them into practice. The real options analysis approach to decision-making is built on strong theoretical foundations, and is widely discussed in practitioner literature, but often only at a fairly intuitive level. What practitioners need-and what this book delivers-is a structured approach to systematically applying real options analysis to the wide variety of problems they will meet in business and economics. Real Options in Theory and Practice focuses on building up a general approach to solving real options problems from the ground up. Rather than aiming to build a "black box" to solve a small set of standardized real options problems, it describes the building blocks of any successful real options analysis and shows how they can be assembled in a way that is appropriate to the problem being analyzed. For both practitioners and academics, Real Options in Theory and Practice will serve as an authoritative and invaluable resource for those looking for effective and practical solutions to complex, real-life problems.

More books from Oxford University Press

Cover of the book Melanoma by Graeme Guthrie
Cover of the book Debating Humanitarian Intervention by Graeme Guthrie
Cover of the book The Passage of Literature by Graeme Guthrie
Cover of the book Millennial Dreams and Apocalyptic Nightmares by Graeme Guthrie
Cover of the book Moral Understandings by Graeme Guthrie
Cover of the book Twists of Fate by Graeme Guthrie
Cover of the book Betrayals by Graeme Guthrie
Cover of the book Christopher Marlowe: Oxford Bibliographies Online Research Guide by Graeme Guthrie
Cover of the book Czech, German, and Noble by Graeme Guthrie
Cover of the book Worship across the Racial Divide by Graeme Guthrie
Cover of the book Deltas and Humans by Graeme Guthrie
Cover of the book Homer and the Politics of Authority in Renaissance France by Graeme Guthrie
Cover of the book Meet the Food Radicals by Graeme Guthrie
Cover of the book Justice Perverted by Graeme Guthrie
Cover of the book The Situated Self by Graeme Guthrie
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy