内容

目次

Real Options - an Overview, Lenos Trigeorgis. Part 1 Real Options andAlternative Valuation Paradigms: Methods for Evaluating Capital InvestmentDecisions Under Uncertainty, Elizabeth Olmsted Teisberg; Merging FinanceTheory and Decision Analysis, Eero Kasanen and Lenos Trigeorgis; TheStrategic Capital Budgeting Process - a Review of Theories and Practice, VanSon Lai and Lenos Trigeorgis. Part 2 General Exchange or Switching Optionsand Option Interdependencies: The Value of Flexibility - a General Model ofReal Options, Nalin Kulatilaka; The Valuation of American Exchange Optionswith Applications to Real Options, Peter Carr; Operating Flexibilities inCapital Budgeting - Substitutability and Complementarity in Real Options,Nalin Kulatalika. Part 3 Strategy, Infrastructure and Foreign InvestmentOptions: The Value of Options in Strategic Acquisitions, Kenneth W. Smith andAlexander J. Triantis; Corporate Governance, Long-term InvestmentOrientation, and Real Options in Japan, Takato Hiraki; Volatile ExchangeRates and the Multinational Firm - Entry, Exit and Capacity Options, GregoryK. Bell. Part 4 Mean Reversion/Alternative Formulations in Natural Resources,Shipping and Start-up Ventures: The Effects of Reversion on CommodityProjects of Different Length, David G. Laughton and Henry D. Jacoby;Contingent Claims Evaluation of Mean-reverting Cash Flows in Shipping, PetterBjerksund and Stenar Ekern; Valuing Start-up Venture Growth Options, RamWillner. Part 5 Other Applications in Pollution Compliance, Land Development,Flexible Manufacturing and Financial Default: Investment in PollutionCompliance Options - the Case of Georgia Power, Michael E. Edleson and ForestL. Reinhardt; Optimal Land Development, Laura Quigg; MultiproductManufacturing with Stochastic Input Prices and Output Yield Uncertainty,Bardia Kamrad and Ricardo Ernst; Default Risk in the Contingent Claims Modelof Debt, Anne Fremault Vila and Martha Amram Schary.