TY - BOOK AU - Trigeorgis,Lenos TI - Real options: managerial flexibility and strategy in resource allocation SN - 026220102X U1 - 658.154 20 PY - 1996///] CY - Cambridge, Mass. PB - MIT Press KW - Capital budget KW - Resource allocation N1 - 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 N2 - 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 ER -