000 02346 a2200229 4500
020 _a0875848451
020 _a9780875848457
082 0 4 _a332.645
090 _c3187
_d3187
100 1 _aAmram, Martha.
245 1 0 _aReal options :
_bmanaging strategic investment in an uncertain world /
_cMartha Amram.
260 _a[S.l.] :
_bOxford University Press, USA,
_c1998.
300 _a246 p. ;
_c24 cm.
490 1 _aFinancial management association survey and synthesis series.
500 _aHardcover.
520 _aIn capital investing, as in life, you always have options. In today's extremely turbulent world, managers recognize how risky the most valuable investment opportunities often are, and how useful a flexible strategy can be. That's why they want to know all their options. Yet many current financial assessment tools fail to identify what investors can do to capitalize on future uncertain events. Martha Amram and Nalin Kulatilaka suggest a smarter new way to think about strategic investments in terms of real options. By applying options thinking--the concept behind the recent Nobel Prize-winning work on financial options--to the evaluation of nonfinancial assets, this innovative approach brings a financial market discipline to the evaluation of a company's opportunities. Using real options theory, managers can more effectively target crucial opportunities to redeploy, delay, modify, or even abandon capital-intensive projects as events unfold. Corporate executives in finances, investments, and project management should share this book with decision makers in information technology, strategic planning, corporate restructuring, venture capital, and law. Through timely case studies, the authors show managers how to use real options to evaluate investments and create exit strategies in R&D, product design, contracts, and information technology. By linking strategic vision and tactical project decisions, Real Options helps to improve capital investment planning and results.
700 1 _aKulatilaka, Nalin.
830 0 _aFinancial management association survey and synthesis series.
856 4 0 _3Amazon.com
_uhttp://www.amazon.com/exec/obidos/ASIN/0875848451/chopaconline-20
856 4 0 _3Amazon customer reviews
_uhttp://www.chopac.org/cgi-bin/tools/azrev.pl?q=0875848451
942 _aNBS
_cBK
_k332.645 KUL
999 _c345675
_d345675