» » Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions (Book and CD ROM)

Fb2 Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions (Book and CD ROM) ePub

by Johnathan Mun

Category: Investing
Subcategory: Business and Work
Author: Johnathan Mun
ISBN: 047125696X
ISBN13: 978-0471256960
Language: English
Publisher: Wiley; 1 edition (September 20, 2002)
Pages: 416
Fb2 eBook: 1881 kb
ePub eBook: 1784 kb
Digital formats: rtf lrf docx lrf

'Finally, a real options analysis book that is technically sophisticated enough to be useful, and practically written so that it can actually be used. It is destined to become the handbook of real options. Tracy Gomes President, Intellectual Property Economics, LLC (USA)

'Finally, a real options analysis book that is technically sophisticated enough to be useful, and practically written so that it can actually be used. Tracy Gomes President, Intellectual Property Economics, LLC (USA). Скачать (pdf, . 9 Mb) Читать. Epub FB2 mobi txt RTF.

Mun demystifies real options analysis and delivers a powerful, pragmatic guide for decisio. Pdfdrive:hope Give books away. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset. 14 MB·9,803 Downloads·New! The definitive source of information on all topics related to investment valuation tools. Value Investing: Tools and Techniques for Intelligent Investment. 511 Pages·2009·8 Selected healing herbs of Himalaya: a pictorial & herbaria g. .

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Real Options Analysis book. Goodreads helps you keep track of books you want to read. Start by marking Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions (Book and CD ROM) as Want to Read: Want to Read savin. ant to Read.

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. In addition, multiple business cases and real-life scenarios are discussed OZON.

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.

Mun demystifies real options analysis and delivers a powerful, pragmatic guide for decision-makers and practitioners . The book leads the field in real options analytics and is a must-read for anyone interested in performing such analyses. Dr. Mun has made a formidable subject crystal clear and exponentially easy for senior management to understand. Monte Carlo simulation and Real Options software alone is worth the book price many times over.

Real options expert Johnathan Mun will help you understand and implement real options analysis under a variety of.Finally, a real options analysis book that is technically sophisticated enough to be useful, and practically written so that it can actually be used

Real options expert Johnathan Mun will help you understand and implement real options analysis under a variety of circumstances and over a wide range of industries, from pharmaceutical, oil, and gas to manufacturing and technology. Mun first looks at the qualitative nature of real options and provides actual business cases and scenarios of real options in the industry, as well as high-level explanations of how real options provide much-needed insights for decision-making. Finally, a real options analysis book that is technically sophisticated enough to be useful, and practically written so that it can actually be used.

Real options analysis: Tools and techniques for valuing strategic investments and decisions. Corporate financing and investment decisions when firms have information that investors do. not have. Journal of Financial Economics, 13(2): 187-221. View at Google Scholar View at Publisher. Nassaka, D. and Z. Rottenburg, 2011. Analysis of corporate valuation theories and evaluation of ISS A/S. Penman, . Financial statement analysis and security valuation. New York, NJ: McGraw-Hill International.

Автор: Johnathan Mun Название: Real Options Analysis Course .

Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

Cutting-edge information on the valuation and application of real options Most investors and risk managers are familiar with financial options. But the real option structure is embedded in billions of dollars of stocks traded every day, and in billions of dollars of strategic or investment decisions made by many companies. 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 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. In addition, multiple business cases and real-life scenarios are discussed. This includes presenting and framing the problems, as well as the introduction of a stepwise quantitative process developed by the author for solving these problems using the different methodologies inherent in real options-with the assistance of Real Options software powered by Crystal Ball(TM), which is included on the companion CD-ROM. With technical presentations of models and approaches backed by theoretical and mathematical justifications, Real Options Analysis is one of the most comprehensive guides available on real options.
Comments to eBook Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions (Book and CD ROM)
Downloaded
Very good real life examples!
Awene
Ok for share traders but not for strategic planners. I wanted to compare options in a large decision tree, but this didn't't help.
Delan
What is a "real option"? This kind of option is not a derivative instrument, but an actual option (in the sense of "choice") that a business may gain by undertaking certain endeavors. For example, by investing in a particular project, a company may have the real option of expanding, downsizing, or abandoning other projects in the future. Other examples of real options may be opportunities for R&D, M&A, and licensing. In corporate finance, real options analysis or applies put option and call option valuation techniques to capital budgeting decisions.

This book is written for both the beginners and as those skilled in real options applications. The book is organized in such a way that each chapter has a brief summary and a list of questions, so you can construct a small exam based on these questions.

The book provides a refreshingly new view of evaluating capital investment strategies by taking into consideration the strategic decision-making process. The book provides 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. In addition, multiple business cases and real-life scenarios are discussed. This includes presenting and framing the problems, as well as introducing a stepwise quantitative process developed by the author for solving these problems using the different methodologies inherent in real options. Included are technical presentations of models and approaches used as well as their theoretical and mathematical justifications.

The book consists of two parts. The first part looks at the qualitative nature of real options, providing actual business cases and applications of real options in the industry, as well as high-level explanations of how real options provide much-needed insights in decision-making. The second part of the book looks at the quantitative analysis, complete with worked-out examples and mathematical formulae.

Pros:
- Has a good introduction to real options, suitable for the beginners
- Lots of remarkable, real-world examples
- Gradually progresses from basic to advanced techniques
- Provides some basic financial statement analysis concepts used in applying real options
- Compares financial options with real options; provides major similarities and differences

Cons:
- The accompanying CD disk includes the demo version of "Real Option Analysis Toolkit" (demo) and "Crystal Ball Software" - both expire briefly after the installation.
Yar
This was my first book on Real Options. After this, I complemented my knowledge with more accurate researches on the theoritic foundations on the subject (eg. Trigeorgis and Copeland).

What I liked of this text is that it was a soft landing into the Real Option world, with a simple and easily understandable description. Its major pro is to present transparently the basics of a concept that is often approached at a too high and formal level.

What I did not like is the fact that few chapters at the end were not really useful but full of stuff and formulas with no explanations that cannot practically be used. I had the sensation they were out of place, since I could grasp their meaning only after passing to more comprehensive books.

One more criticism is that you don't understand the effect of the difference between private and public risk in real options evaluation as you do with other texts. However, I still consider this the book where I formed my basics before being able to master some other more detailed book (but also more difficult to master). The Crystall-Ball package was also a nice surprise. At the end, if you consider the price and the content it was surely good value for money even though it's not a masterpiece.
Jairani
Real option analysis = real value!
For every individual responsible for significant decisions in their firm or for their clients, this book is a "must have" and "must read" addition to their shelf. For students in decision sciences, finance, operations or program management, this book will be an invaluable resource. For many, this book will be the stepping-stone to a promotion, and for others, the path to substantial profits while planning new or managing existing projects for their company.
Real option analysis is a process that incorporates traditional and new analytical techniques. Dr. Mun's new book is a refreshing, cutting-edge look at a powerful new decision-making process.
As the author of a book on stochastic modeling, I know how difficult it is to make complex concepts clear. Johnathan Mun's book lays out in clear and concise terms the analytical process, the types of analyses that are available and a broad range of cases showing the versatility of real options analysis. In easy to understand language, with a myriad of illustrations, Dr. Mun takes the reader from the basics to the inner workings of real option analysis. Complex concepts are laid out in plain terms, but the reader can read the technical appendices to learn the intricate details of real option analysis.
It isn't often you can truthfully say a book breaks new ground, but Johnathan Mun's book on real option analysis has certainly done just that. I recommend it without reservation to every student or professional involved in any decision-making process."
(Financial Consulting) Glenn G. Kautt, MBA, CFP, EA
President - The Monitor Group, Inc. and author of "Stochastic Modeling: The New Way to Predict Your Financial Future."
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