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Real options : managerial flexibility and strategy in resource allocation /

Trigeorgis, Lenos, 1957-

Real options : managerial flexibility and strategy in resource allocation / Lenos Trigeorgis. - xiii, 427 pages : illustrations ; 24 cm.

Includes bibliographical references (p. [411]-420) and index.

Traditional capital budgeting; option-pricing theory and financial-options applications; a conceptual options framework for capital budgeting; quantifying flexibility: discrete-time analysis; quantifying flexibility: some continuous-time analytic models; interactions among multiple real options; strategic planning and control; competition and strategy; numerical analysis; applications; conclusions and implications.


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.

026220102X


Capital budget.
Resource allocation.

658.154 / T.L.R