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

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

This text addresses a wide range of issues in valuation using the Real Options technique. It covers the whole area of Real Options and looks closely at developm