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Hardcover • 1996 • English
1 Ratings • 5.0 of 5
About the book
Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market.In the 1970s and the 1980s, developments in the valuation of capital-investment opportunities based on options pricing revolutionized capital budgeting. Managerial flexibility to adapt and revise future decisions in order to ...Show more
Book details
ISBN
9780262201025
Publisher
MIT Press
Published year
1996
Language
English
Original title
Real Options Managerial Flexibility and Strategy in Resource Allocation
Format
Hardcover
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1 Ratings • 5.0 of 5