![]() ![]() Through Brach's own three-step real option valuation method readers will learn how the theory of real options is now being applied to drive better, more profitable corporate decision-making. Touching on the real options most firms care about, Real Options in Practice identifies the classic types of real options-deferral, abandonment, switching, expansion, and compound-and explores the main concepts critical to understanding real option theory. Expert Marion Brach describes the challenges of implementing a real option framework in practice within a corporate setting. Real Options in Practice allows readers to view the world of real options from the vantage point of a corporate practitioner applying real option valuation techniques on a regular basis. (Switzerland)ĭownload Real Options in Practice Book in PDF, Epub and KindleĮxplores real option theory applied in practice Real options are quickly becoming the valuation and decision-making method of choice for many companies, including oil and gas companies, utilities and natural resource companies, pharmaceutical and biotech companies, Internet companies, and many others. Mun's great skill with this book is in making real options analysis understandable, relevant, and immediately applicable to the field within which you are working." -Robert Fourt, Partner, Gerald Eve (UK) "Mun provides a practical step-by-step guide to applying simulation and real options analysis-invaluable to those of us who are no longer satisfied with conventional valuation approaches alone." -Fred Kohli, Head of Portfolio Management, Syngenta Crop Protection Ltd. "Most of us come to real options from the perspective of our own areas of expertise. Hardy, PhD, Chief Financial Officer & Director of Business Development, Panorama Research, Inc. The cases in Real Options Analysis Course provide numerous examples of how the use of real options and the Real Options Analysis Toolkit software can assist in the valuation of strategic and managerial flexibility in a variety of arenas." -Charles T. "This text provides an excellent follow up to Dr. Treharne, President, Gibraltar Business Appraisals, Inc. ![]() After having read the book, readers will better understand the underlying theory and the opportunities for applying real option theory in corporate decision-making." -Chris D. More specifically, the Real Options Analysis Course presents numerous real options examples and provides the reader with step-by-step problem-solving techniques. Mun's latest book is a logical extension of the theory and application presented in Real Options Analysis. Praise for Real Options Analysis Course "Dr. Thanks for putting this book together Dr Shockley!Download Real Options Analysis Course Book in PDF, Epub and Kindle I think that will add to the value of the book - it can be the gentle introduction to some more advanced concepts, for students and busy practitioners who have very little time (even if they like it) for the math that one sees in some of the advanced derivatives book. Dr S can write on this subject at the level that is deeper (and more satisfying) than Wilmott, and more easy to access than say Shimko or Shreve or even Baxter. In future editions of this book, I would love to see some development of stochastic processes, the concept of filtrations, Ito's Lemma etc. Fama's theory of finance is the only other book (that I've looked at) that starts finance where micro left off, but then who has the time or strength to read it after a 10 hour day. I haven't found it any - Dr Shockley's book was the first one I found that tied what we're doing in finance to the underlying concept of equilibrium as defined in microeconomics. If finance is related to micro economics, one expects to see atleast one instance of this equation in a standard finance text. Pick up any standard text in microeconomics (Silberberg, or Hirshleifer or Henderson and Quandt)- and you will see the one equation repeat over and over again - the First Order Condition tying in the ratio of Marginal Quantities (Costs, Utilities etc), the ratio of prices (wages etc) and the lagrangian multiplier. The book is full of handy examples and solid explanations. ![]() The approach to options doesn't start with heavy derivations and equations of stochastic processes - it starts with the concepts of NPV, abritrage and leads on to options (and real options). He's actually taken the time to explain the various models and concepts in finance come together. Dr Shockley's approach to the subject is radically different from any other book I have seen. I took Dr.Shockley's RO course back in school.
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