{"product_id":"real-options-managerial-flexibility-and-strategy-in-resource-allocation-9780262201025","title":"Real Options: Managerial Flexibility and Strategy in Resource Allocation","description":"\u003cp\u003eComprehensive in scope  Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. In the 1970s and the 1980s  developments in the valuation of capital-investment opportunities based on options pricing revolutionized capital budgeting. Managerial flexibility to adapt and revise future decisions in order to capitalize on favorable future opportunities or to limit losses has proven vital to long-term corporate success in an uncertain and changing marketplace. In this book Lenos Trigeorgis  who has helped shape the field of real options  brings together a wealth of previously scattered knowledge and research on the new flexibility in corporate resource allocation and in the evaluation of investment alternatives brought about by the shift from static cash-flow approaches to the more dynamic paradigm of real optionsan approach that incorporates decisions on whether to defer  expand  contract  abandon  switch use  or otherwise alter a capital investment. Comprehensive in scope  Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. Also discussed are the strategic value of new technology  project interdependence  and competitive interaction. The ability to value real options has so dramatically altered the way in which corporate resources are allocated that future textbooks on capital budgeting will bear little resemblance to those of even the recent past. Real Options is a pioneer in this area  coupling a coherent picture of how option theory is used with practical insights in into real-world applications.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45648287662133,"sku":"ByrdShop_026220102X","price":46.11,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780262201025.jpg?v=1781715498","url":"https:\/\/atxbooks.com\/products\/real-options-managerial-flexibility-and-strategy-in-resource-allocation-9780262201025","provider":"ATX Books","version":"1.0","type":"link"}