Real Options and Business Strategy

Applications to Decision Making

Publication Date	December 1999
Publisher	Risk Books
Product Type	Book
Pages	372
ISBN Number	1899332472
Product Code	RIS00283

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Summary

Illustrates and analyses the variety of real options applications in a spectrum of industries including pharmaceutical R&D and evaluating e-business start-ups
Structured to provide conceptual linkages to key issues in business strategy, value-based management and other value drivers to maximise usefulness to both the practitioner and theoretician

Content

Introduction
Project Evaluation, Strategy and Real Options
- Alberto Micalizzi and Lenos Trigeorgis
Growth Options, Competition and Strategy: An Answer to the Market Valuation Puzzle?
- Han Smit and Lenos Trigeorgis
Creating and Managing Shareholder Value: A View through a Real Options Lens
- Alexander Triantis
Applications in Real Options and Value-Based Strategy
- Justin Pettit
The Flexibility of Discontinuing Product Development and Market Expansion: The Glaxo Wellcome Case
- Alberto Micalizzi
A Business Shift Approach to R&D Option Evaluation
- Onno Lint and Enrico Pennings
Airline Long-Term Planning under Uncertainty: The Benefits of Asset Flexibility Created through Product Commonality and Manufacturer Lead Time Reductions
- John Stonier
Real Options Evaluation for E-Business: A Case Study
- Richard Chatwin, Yann Bonduelle, Anne Goodchild, Franchee Harman, Joao Mazzuco
Using Real Options to Frame the IT Investment Problem
- Nalin Kulatilaka, P. Balasubramanian, John Storck
Software Design as an Investment Activity: A Real Options Perspective
- Kevin Sullivan, Prasad Chalasani, Somesh Jha, Vibha Sazawal
Valuation of Natural Resources
- Gonzalo Cortazar
Exercising Options to Reduce Capital Project Risk
- L. G. Chorn and P. P. Carr
The Value of Market Research when a Firm is learning: Real Options Pricing and Optimal Filtering
- Paul Wilmott, N Mayor, P. Schonbucher, E. Whalley and D. Epstein
Valuing the Operational Flexibility of a Multinational Enterprise (with Implications for Investment Location and Capacity Choice Decisions)
- A. Muralidhar
A Note on Bibliographical Evolution of Real Options
- Marco Dias