Home » Project Flexibility, Agency, And Competition: New Developments In The Theory And Application Of Real Options by Michael Joseph Brennan
Project Flexibility, Agency, And Competition: New Developments In The Theory And Application Of Real Options Michael Joseph Brennan

Project Flexibility, Agency, And Competition: New Developments In The Theory And Application Of Real Options

Michael Joseph Brennan

Published October 14th 1999
ISBN : 9780195112696
Hardcover
Enter the sum

 About the Book 

While most approaches to capital budgeting have used discounted cash flow valuation techniques, recent attention has been given to the valuation of real options to look at capital budgeting decisions and project management. Real options are a measureMoreWhile most approaches to capital budgeting have used discounted cash flow valuation techniques, recent attention has been given to the valuation of real options to look at capital budgeting decisions and project management. Real options are a measure of the value of managerial flexibility and strategic value in capital investment. Because this topic is important but not yet covered adequately, this work fills a major gap in the market. It deals with issues of R&D and technology options, investments involving learning, infrastructure, competition, strategy, and growth options.