Items related to Real Options in Theory and Practice
Real Options in Theory and Practice - Hardcover
Book 14 of 26: Financial Management Association Survey and Synthesis
Synopsis
Decision makers in business and economics face a staggering array of problems. Managers of growing firms have to decide which growth options will expand their business. Governments have to decide which infrastructure investments to undertake. Managers of oil firms must decide how rapidly to deplete their reserves. Owners of land must decide when and how to develop. Operators of power plants must decide when to start them up and when to shut them down. While these problems seem quite diverse, they share many important features. In each case, the decision maker must choose when to take a particular action that will be difficult, if not impossible, to reverse. In each case, the consequences of taking (or not taking) that action are uncertain. The timing and nature of these actions directly affect revenue.
Real options that often vary radically from one problem to another. The book focuses on building a general approach to solving problems from the ground up to show readers how real options can be assembled in a way appropriate to the individual problem being analyzed. The book will inform both practitioners who want to develop their analytical techniques and also graduate students who will eventually become practitioners.
The real-options approach to capital budgeting (and business decision-making more generally) was introduced 30 years ago and is now widely accepted. While there are now many books that introduce the concept of real options to a general business audience, students and practitioners have been given little guidance as to how to actually implement these concepts in practice.
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About the Author
Graeme Guthrie is a professor in the School of Economics and Finance at Victoria University of Wellington.
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Real Options in Theory and Practice (Financial Management Association Survey and Synthesis)
Published by
Oxford University Press, 2009
ISBN 10: 0195380630
ISBN 13: 9780195380637
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Real Options in Theory and Practice (Financial Management Association Survey and Synthesis)
Published by
Oxford University Press, 2009
ISBN 10: 0195380630
ISBN 13: 9780195380637
Used
Hardcover
Seller: HPB-Red, Dallas, TX, U.S.A.
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Hardcover. Condition: Acceptable. Connecting readers with great books since 1972. Used textbooks may not include companion materials such as access codes, etc. May have condition issues including wear and notes/highlighting. We ship orders daily and Customer Service is our top priority! Seller Inventory # S_399484409
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Real Options in Theory and Practice
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Oxford University Press, Incorporated, 2009
ISBN 10: 0195380630
ISBN 13: 9780195380637
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Real Options in Theory and Practice (Hardcover)
Published by
Oxford University Press Inc, New York, 2009
ISBN 10: 0195380630
ISBN 13: 9780195380637
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Hardcover
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Hardcover. Condition: new. Hardcover. 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 aparticular 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 thecash 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 thisbook 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 inTheory 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 anauthoritative and invaluable resource for those looking for effective and practical solutions to complex, real-life problems. Real options analysis is 30 years old, but there is still little guidance on how actually to implement it in practice. This book develops the building blocks of real options analysis and shows readers how to apply them to a wide variety of problems in business and economics. This item is printed on demand. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Seller Inventory # 9780195380637
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Real Options in Theory and Practice (eng)
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Real Options in Theory and Practice
Published by
Oxford University Press Inc, 2009
ISBN 10: 0195380630
ISBN 13: 9780195380637
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Condition: New. Real options analysis is 30 years old, but there is still little guidance on how actually to implement it in practice. This book develops the building blocks of real options analysis and shows readers how to apply them to a wide variety of problems in business and economics. Also included will be a CD with spreadsheets intended for a broad range of real-world applications. Series: Financial Management Association Survey & Synthesis Series. Num Pages: 432 pages, 52 black and white line illustrations. BIC Classification: KFF; KJB. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 164 x 269 x 29. Weight in Grams: 794. . 2009. Hardback. . . . . Seller Inventory # V9780195380637
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Real Options in Theory and Practice
Published by
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ISBN 10: 0195380630
ISBN 13: 9780195380637
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Real Options in Theory and Practice
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Real Options in Theory and Practice
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