Real Options: Managing Strategic Investment in an Uncertain World (Financial Management Association Survey and Synthesis)

Real Options: Managing Strategic Investment in an Uncertain World (Financial Management Association Survey and Synthesis)

by Martha Amram (Author), Nalin Kulatilaka (Author)

Synopsis

Martha Amram and Nalin Kulatilaka suggest a smarter new way to think about strategic investments in terms of real options. By applying options thinking - the concept underlying the recent Nobel Prize-winning work on financial options - to the evaluation of nonfinancial assets, this innovative approach brings a financial market discipline to the evaluation of a company's opportunities. Using real options theory, managers can more effectively target crucial opportunities to redeploy, delay, modify, or even abandon capital-intensive projects as events unfold. Corporate executives in finance, investments, and project management should share this book with decision makers in information technology, strategic planning, corporate restructuring, venture capital, and law.

$69.41

Quantity

20+ in stock

More Information

Format: Hardcover
Pages: 260
Publisher: Oxford University Press
Published: 01 Dec 1998

ISBN 10: 0875848451
ISBN 13: 9780875848457

Media Reviews
Real Options is an exciting, accessible introduction to one of the most useful innovations of modern finance. Filled with lively examples from various industries, the book reveals the strategic power of real options in business planning. * David G. Luenberger, Professor of Engineering-Economic Systems and Operations Research, Stanford University, and author of Investment Science *
Author Bio

Martha Amram is the president of Glaze Creek Partners, a consulting firm in Palo Alto, California. She frequently speaks to senior management groups and has substantial experience in the use of the real options approach for the development of business strategy. Nalin Kulatilaka is a professor of finance at Boston University's School of Management, where he teaches primarily at the Executive MBA level. He has published widely on real options, risk management, and international finance, and has addressed executive audiences throughout the world on these topics.