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Real Options in Capital Investment - Models, Strategies, and Applications (Hardcover, New)
Loot Price: R2,903
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Real Options in Capital Investment - Models, Strategies, and Applications (Hardcover, New)
Expected to ship within 10 - 15 working days
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This compilation integrates various new contributions to the
growing "real options" literature. Recent developments in the
valuation of capital investment opportunities seen as real options
(e.g. to defer, expand, abandon, or switch use) have provided the
tools and unlocked the possibilities to revolutionize the field of
capital budgeting. The resulting insights, strategies, and
techniques enable quantifying the thus far elusive elements of
managerial flexibility and various strategic interactions. In an
uncertain and constantly changing world marketplace, managerial
operating flexibility and strategic adaptability are vital to
successfully capitalize on favorable future investment
opportunities or limit losses from adverse market developments.
This book presents various models and operating strategies, and a
variety of applications ranging from acquisitions and divestitures,
to natural resource development and pollution compliance. The
book's contributions are divided into five parts, covering sections
on real options and alternative valuation paradigms for capital
investment analysis; on the analysis of general exchange or
switching options, and interdependencies among multiple such
options; on strategic acquisitions, infrastructure, and foreign
investment options; on mean reversion/ alternative formulations in
natural resource investments, shipping, and start-up ventures; and
on other applications in pollution compliance, land development,
flexible manufacturing, and financial default options. Both
academic and practitioner interest in these developments is
unusually high. The book can serve as supplementary material for
the academic market, e.g., in advanced finance courses inoption
pricing or capital budgeting, in doctoral seminars, and as a
library resource. It may also be of interest to the professional
market (e.g. corporate planners and finance executives in the oil,
pharmaceutical, auto and a variety of other industries), academics
from related areas (e.g. decision analysts or economists), as well
as to international readers (academics, doctoral students, and
professionals).
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