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Monday, August 10, 2020 | History

1 edition of Real Options Analysis found in the catalog.

Real Options Analysis

Johnathan Mun

Real Options Analysis

Tools and Techniques for Valuing Strategic Investments and Decisions

by Johnathan Mun

  • 394 Want to read
  • 36 Currently reading

Published by John Wiley & Sons in New York .
Written in English


About the Edition

Real Options Analysis provides a revolutionary approach to evaluating and valuing capital investment strategies by taking into consideration the real options inherent in the strategic decision-making process. This book provides readers with 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.

Edition Notes

Description based on print version record.

SeriesWiley finance series, Wiley finance series
Classifications
LC ClassificationsHG6042.M86 2002eb
The Physical Object
Format[electronic resource] :
Pagination1 online resource (416 p.)
Number of Pages416
ID Numbers
Open LibraryOL25551668M
ISBN 100471430617
ISBN 109780471430612
OCLC/WorldCa181841935

He develops a real options model capable of modeling and valuing in monetary terms the effects of interproject correlation coefficients and volatilities in order to compute the optimal number of design alternatives to develop in simplicityhsd.com: Daniel Sörensen. In this book, the authors present topical research in the study of real options analysis, including the valuation of oil and gas reserves using cointegrated prices and least-squares Monte Carlo; flexibility.

MIT students may choose to take one of three versions of Real Analysis; this version offers three additional units of credit for instruction and practice in written and oral presentation. The three options for Option A (A) chooses less abstract definitions . project in exploration stage using the real options approach. The model simulates the decision making process and determines the value of the real options associated with the mining project. The firm has the option to defer investment, and once invested, to abandon or expand the project.

Praise for Real Options Analysis Course"Dr. Mun's latest book is a logical extension of the theory and application presented in Real Options Analysis. More specifically, the Real Options Analysis Course presents numerous real options examples and provides the . The real options approach provides a method for the valuation of these managerial options. It also provides an optimal point to exercise the decision. The options approach has implications for the way in which capital projects are viewed, and how strategy is formulated.


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Real Options Analysis by Johnathan Mun Download PDF EPUB FB2

Jun 19,  · Real Options Analysis: Tools and Techniques for Valuing Strategic Investment and Decisions, 2nd Edition [Johnathan Mun] on simplicityhsd.com *FREE* shipping on qualifying offers. Mun demystifies real options analysis and delivers a powerful, Real Options Analysis book guide for decision-makers and practitioners alike.

Finally4/5(16). Oct 08,  · Real Options Analysis (Third Edition): Tools and Techniques for Valuing Strategic Investments and Decisions with Integrated Risk Management and Advanced Quantitative Decision Analytics 3rd Edition. by Dr. Johnathan Mun (Author) › Visit Amazon's Dr. Johnathan Mun Page.

Find all the books, read about the author, and more. /5(2). Real Options Analysis. Real options analysis allows the firm to determine how much this safety downside insurance or abandonment option is worth (i.e., what is the fair market value of the contractual fee to obtain the option), the optimal trigger price (i.e., at what price will it be optimal to sell the land), and the optimal timing (i.e., what is the optimal amount of time to hold on to the.

“Real Options Analysisis the clearest book on real options that we have read to date. It does an excellent job of demystifying a difficult and complex subject. It provides a solid basis for conceiving, assessing, and evaluating real option investments, which will make it useful to practitioners and students alike.” —Ian C.

MacMillan, Ph.D. Real options are a useful tool to guide a firm's strategic planning, and can create or enhance a firm's value. Real Options Analysis provides a revolutionary approach to evaluating and valuing capital investment strategies by taking into consideration the real options inherent in 5/5(2).

The choices that corporate managers face that typically fall under real options analysis are under three categories of project management. The first group is options relating to the size of a project.

Real options valuation, also often termed real options analysis, (ROV or ROA) applies option valuation techniques to capital budgeting decisions.

A real option itself, is the right—but not the obligation—to undertake certain business initiatives, such as deferring, abandoning, expanding, staging, or contracting a capital investment project. Real Options Valuation, Inc. is a software, training, and consulting firm specializing in state-of-the-art decision and risk analysis tools and techniques such as Real Options Analysis, Monte Carlo Simulation, Forecasting, Optimization, Statistics and Risk Modeling.

Risk Simulator software + Real Options SLS software for running real options analysis, Monte Carlo simulation, stochastic forecasting, portfolio optimization and analytical tools. Save up to $ by purchasing both titles at once. $ Perpetual price per user license.

This is because numerical real options analysis draws heavily on analogies with financial instruments. Indeed, sometimes real options have an exact value that NPV will never give you. But the less your real option looks like a financial instrument, the harder it is to value.

Real Options Analysis The challenge and the opportunity Ian Robinson Tim Kyng. Overview The acid test Current ROA usage Conclusions & discussion Real Options - New Book Releases Source: simplicityhsd.com March Dixit & Pindyck Trigeorgis Amram & Kulatilaka Copeland & Antikarov Articles in HBR, McKinsey, CFO etc 3 mths.

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.

Feb 17,  · "Mun demystifies real options analysis and delivers a powerful, pragmatic guide for decision-makers and practitioners alike.

Finally, there is a book that equips professionals to easily recognize, value, and seize real options in the world around them." --Jim Schreckengast, Senior VP, R&D Strategy, Gemplus International SA, France Completely revised and updated to meet the challenges Reviews: 1.

Currently Chris and Olav are collaborating on a book about Real Options and how they really work. Rate this Article. Adoption. We use analysis as an information discovery process. The key. under real options and decision trees, if we allow for path-dependent discount rates.1 Simulations and real options are not so much competing approaches for risk assessment, as they are complementary.

Two key inputs into the real options valuation – the value of the underlying asset and the variance in that value – are often obtained from. Real options are a complement to, not a substitute for, discounted cash flow analysis.

To pick the best growth projects, managers need to use the two methods in tandem. Oct 18,  · Real options analysis (ROA) is a term in finance that primarily applies to an option to craft, dump, inflate or minimize a capital simplicityhsd.com process of ROA can assist in leaving investment options open, thereby enabling the investor to explore other potentially riskier possibilities.

REAL OPTION ANALYSIS EXAMPLE 1 A company is considering investing in a project. The present value (PV) of future discounted expected cash flows is either if the market goes up or if the market goes down next year. LECTURES ON REAL OPTIONS: PART I — BASIC CONCEPTS Robert S.

Pindyck Massachusetts Institute of Technology Cambridge, MA Robert Pindyck (MIT) LECTURES ON REAL OPTIONS — PART I August, 1 / Fundamental Analysis Portfolio Management Trading Essentials Technical Analysis The book dives deep into using options as a hedge and explains how tax laws apply to option trading profits or.

Jan 02,  · He has authored numerous Wiley books, including the first edition of Real Options Analysis, Real Options Analysis Course, Applied Risk Analysis, and Valuing Employee Stock Options.

Mun has also taught and consulted for over corporations in twenty countries worldwide on risk analysis and real options.Real Options Analysis Tools and Techniques for Valuing Strategic Investments and Decisions (Book): Mun, Johnathan: WILEYMun demystifies real options analysis and delivers a powerful, pragmatic guide for decision-makers and practitioners alike.

Finally, there is a book that equips professionals to easily recognize, value, and seize real options in the world around themJim Schreckengast.Real Options Analysis in Strategic Information Technology Adoption: /ch Many information resource managers have learned to be proactive in today’s highly competitive business environment.

However, limited financial resources andAuthor: Xiaotong Li.