Real Options Analysis

Tools and Techniques for Valuing Strategic Investment and Decisions

Johnathan Mun - Collection Wiley Finance

668 pages, parution le 07/12/2005 (2^eme édition)

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Résumé

Real options analysis has become a key management tool for many of today's businesses. It is an accurate method for estimating the value of corporate investments, and it can be effectively utilized in situations where management has flexibility in large capital budget decisions with high uncertainty.

Completely revised and updated to meet the challenges of today's dynamic business environment, Real Options Analysis, Second Edition offers 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 Analysis, Second Edition is divided into three informative parts. Part One looks at the qualitative nature of real options, providing actual business cases and scenarios of real options in the industry, as well as high-level explanations of how real options provide much-needed insights for decision making. Complete with worked-out examples and mathematical formulae, Part Two looks at the mathematical concepts and step-by-step quantitative analysis needed to effectively use real options in the decision-making process. Finally, in Part Three, you'll discover how to use Real Options Valuation's Super Lattice Solver and Risk Simulator software-both developed by author lohnathan Mun and included in the companion CD-ROM (standard thirty-day trial)-to perform real options analysis like never before.

L'auteur - Johnathan Mun

is Vice President of Analytics at Decisioneering, Inc., a software, training, and consulting firm specializing in advanced analytics. His duties focus primarily on heading up the development of real options and financial analytics software powered by Crystal Ball. Prior to joining Decisioneering, he was a consulting manager and financial economist in the Valuation Services and Global Financial Services practice of KPMG consulting, and a manager with the Economic Consulting Services practice at KPMG LLP. He holds a PhD in finance and economics, an MBA and MS in management, and a BS in biophysics. Mun is also certified in Financial Risk Management and in Financial Consulting. He is currently a visiting professor in finance, economics, and statistics at various universities, including University of Applied Sciences (Germany), Swiss School of Management (Switzerland), and Golden Gate University (California). Mun is the author of two other books, Real Options Analysis and the Real Options Analysis Course, both published by Wiley. He continues to offer worldwide seminars and lectures on the topics of real options, simulation and risk analysis, and corporate finance.

Sommaire

Theory
- A New Paradigm?
- Traditional Valuation Approaches
- Real Options Analysis
- The Real Options Process
- Real Options, Financial Options, Monte Carlo Simulation, and Optimization
Application
- Behind the Scenes
- Real Options Models
- Additional Issues in Real Options
Software Applications
- Introduction to the Real Options Valuation's Super Lattice Software and Risk Simulator Software
- Real Options Valuation Application Cases
- Real Options Case Studies
- Results Interpretation and Presentation
- Case Studies and Problems in Real Options
- Answer to Chapter Questions

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Johnathan Mun
Collection	Wiley Finance
Parution	07/12/2005
Édition	2^eme édition
Nb. de pages	668
Format	16 x 24
Couverture	Relié
Poids	980g
Intérieur	Noir et Blanc
EAN13	9780471747482
ISBN13	978-0-471-74748-2