Business leaders are frequently faced with investment decisions on new and ongoing projects. The challenge lies in deciding what projects to choose, expand, con

Derived from options theory in modern finance and based on the Nobel Prize-winning work of three MIT economists, this book provides a systematic approach to pro

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

Using real-world examples and clear case studies, the authors provide investors and managers with an innovative method for assessing a company's non-financial a

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