REAL OPTIONS IN THEORY AND PRACTICE by Graeme Guthrie ( 9780195380637 )

Item Details

Title:

REAL OPTIONS IN THEORY AND PRACTICE

By:

Graeme Guthrie

Format:

Hardback

List price:

£90.00

Our price:

£87.30

Discount:

3% off

You save:

£2.70

ISBN 10:

0195380630

ISBN 13:

9780195380637

Availability:

Usually dispatched within 1-3 weeks.

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Stock:

Currently 0 available

Publisher:

OXFORD UNIVERSITY PRESS INC

Pub. date:

1 July, 2009

Series:

Financial Management Association Survey and Synthesis Series

Pages:

432

Description:

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.

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. Each book will feature a CD with spreadsheets intended for a broad range of real-world applications.

Illustrations:

52 black and white line illustrations

Publication:

Imprint:

Oxford University Press Inc

Returns:

Non-returnable

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