Author: Graeme Guthrie
Edition: Har/Cdr
Publisher: Oxford University Press, USA
Binding: Hardcover
ISBN: 0195380630
Price:
You Save: 78%
Real Options in Theory and Practice (Financial Management Association Survey and Synthesis)
Decision-makers in business and economics face a staggering array of problems.Real Options in Theory and Practice review. 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 manageRead full reviews of real options in theory and practice guthrie, graeme.
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author graeme guthrie format hardback language english publication year 30 07 2009 series financial management association survey synthesis series subject management business economics industry subject 2 management techniques professional title real options in theory and practice author guthrie graeme publisher oxford univ pr publication date jul 16 2009 pages 414 binding hardcover edition hardback cd rom dimensions 6 58 wx 9 50 hx 1 25 d isbn 0195380630 subject business economics investments
Store Search search Title, ISBN and Author Real Options in Theory and Practice by Graeme A. Guthrie Estimated delivery 3-12 business days Format Hardcover Condition Brand 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 int
Real Options in Theory and Practice, ISBN-13: 9780195380637, ISBN-10: 0195380630
Real Options in Theory and Practice UOXFX 9780195380637 09780195380637
Real Options in Theory and Practice Reviews
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. And for all of the numerical examples in the book, there is an accompanying CD that contains spreadsheets ready to use on the wide variety of applications the book brings into the picture. 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.
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