{"product_id":"real-options-and-investment-under-uncertainty-classical-readings-and-recent-contributions-9780262693189","title":"Real Options And Investment Under Uncertainty: Classical Readings and Recent Contributions","description":"\u003cp\u003eThe study of investment under uncertainty was stagnant for several decades  until recent developments in real options provided the tools to revitalize the field. The techniques and insights derived from option pricing can now be used to quantify the elusive elements of managerial operating flexibility and strategic interactions ignored or underestimated by conventional Net Present Value and other quantitative approaches.Topics covered include the reasons for the under-investment problem and conceptual frameworks for viewing productive investment opportunities as real options; useful valuation building blocks; the quantifying of various types of real options separately and in combination; strategic aspects of investment under uncertainty; numerical analysis techniques; a variety of applications  including the valuing of natural resources  R\u0026amp;D and pioneer ventures  land development  strategic acquisitions  government subsidies  power plants and pollution options  flexible manufacturing  and multinational operations; and empirical evidence from oil leasing  land prices  and discontinued operations.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45651951747125,"sku":"ByrdShop_0262693186","price":154.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780262693189.jpg?v=1781847166","url":"https:\/\/atxbooks.com\/products\/real-options-and-investment-under-uncertainty-classical-readings-and-recent-contributions-9780262693189","provider":"ATX Books","version":"1.0","type":"link"}