Real Options and Energy Management : Using Options Methodology to Enhance Capital Budgeting Decisions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Real Options and Energy Management : Using Options Methodology to Enhance Capital Budgeting Decisions write by Ehud I. Ronn. This book was released on 2002. Real Options and Energy Management : Using Options Methodology to Enhance Capital Budgeting Decisions available in PDF, EPUB and Kindle.
Real Options and Energy Management
Real Options and Energy Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Real Options and Energy Management write by Ehud I. Ronn. This book was released on 2002. Real Options and Energy Management available in PDF, EPUB and Kindle. A multi-author title that focuses on both the fundamentals of real options, and the practical approaches for their application in the energy industry
Real Options Analysis
Real Options Analysis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Real Options Analysis write by Johnathan Mun. This book was released on 2012-07-02. Real Options Analysis available in PDF, EPUB and Kindle. "Mun demystifies real options analysis and delivers a powerful, pragmatic guide for decision-makers and practitioners alike. Finally, there is a book that equips professionals to easily recognize, value, and seize real options in the world around them." --Jim Schreckengast, Senior VP, R&D Strategy, Gemplus International SA, France Completely revised and updated to meet the challenges of today's dynamic business environment, Real Options Analysis, Second Edition offers you a fresh look at evaluating capital investment strategies by taking the strategic decision-making process into consideration. This comprehensive guide provides both a qualitative and quantitative description of real options; the methods used in solving real options; why and when they are used; and the applicability of these methods in decision making.
Real Options and Corporate Strategy
Real Options and Corporate Strategy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Real Options and Corporate Strategy write by Christian Berner. This book was released on 2000-03-01. Real Options and Corporate Strategy available in PDF, EPUB and Kindle. Inhaltsangabe:Abstract: Every investment, for example new facilities, new products, or strategic partnerships is driven by the pursuit of creating values . Major changes are going on in the valuation of investments. Although the classic shareholder value concept is still a valuable source for identification of value drivers of strategic management, it needs to be extended in terms of its ability to evaluate long-term investment choices. Far too long capital budgeting has only been considered under aspects of its contribution to an overall added economic value rather than focusing on a firm s resources. Recent research emphasized the strategic value of resources leading to formulate the approach of a resource-based view of a firm s activities. Usually management tries to capture future development with static methods of capital budgeting, i.e. future cash-flows are discounted with a fixed risk-adjusted discount rate. However, the finding of present values and capitalized values could produce pitfalls in investment decisions. Strategic investment decisions are often characterized by a wide range of possibilities to react flexibly to the changing business environment. This area of tolerance in investment decisions could not be captured with traditional instruments of investment evaluation. In the 1970s, the discounted-cash-flow analysis (DCF) emerged and proved its practicability. This method assumes a now or never approach in undertaking a project. Some authors suggest adding the theory of option prices to investment decisions, as in the 1970s and the 1980s developments in the valuation of capital-investment opportunities based on option pricing revolutionized capital budgeting. Option pricing allows adaptation and revision of future decisions in order to capture managerial flexibility and to finally capitalize on any possible future development. To incorporate these real options means to limit losses and offers a vital contribution to long-term corporate success, especially in those marketplaces characterized by uncertainty and rapid change. This method also explains the value of waiting for the initial project and considers its value in comparison to the opportunity costs of waiting. These costs are dictated by the behavior of competitors and loss of cash-flow streams from the project. Incorporating this method could possibly lead to a better understanding of the importance of resource allocation, the value of strategic investments and [...]
Real Options in Practice
Real Options in Practice - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Real Options in Practice write by Marion A. Brach. This book was released on 2003-04-07. Real Options in Practice available in PDF, EPUB and Kindle. Explores real option theory applied in practice Real options are quickly becoming the valuation and decision-making method of choice for many companies, including oil and gas companies, utilities and natural resource companies, pharmaceutical and biotech companies, Internet companies, and many others. Real Options in Practice allows readers to view the world of real options from the vantage point of a corporate practitioner applying real option valuation techniques on a regular basis. Expert Marion Brach describes the challenges of implementing a real option framework in practice within a corporate setting. Touching on the real options most firms care about, Real Options in Practice identifies the classic types of real options-deferral, abandonment, switching, expansion, and compound-and explores the main concepts critical to understanding real option theory. Through Brach's own three-step real option valuation method readers will learn how the theory of real options is now being applied to drive better, more profitable corporate decision-making. Marion A. Brach, MD, MBA (Hagen, Germany), has undertaken financial valuation of business opportunities and acquisitions using scenario and real option valuation in the biotech industry. A recognized expert on real option theory and practice, Brach received her MBA from the Manchester Business School and frequently speaks at real option seminars.
