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Applied Course in Real Options Valuation (07 Edition)

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Applied Course in Real Options Valuation (07 Edition) Cover

 

Synopses & Reviews

Publisher Comments:

The purpose of this text is to explain the theories of option pricing, and to apply those theories to real world decision-making. There is a seamless mix of theory and practice. The theories are described and explained in an easy-to-read and understandable manner, and then applied-using various cases and real world situations-to the practical world. Competitive books in this course area are generally not formatted as textbooks with no pedagogy at all.

Book News Annotation:

This textbook for MBA students, advanced undergraduates, and practicing managers uses a series of examples and case studies to demonstrate the use of option pricing in capital budgeting processes. Shockley (Indiana U.) begins with a rather lengthy review of valuation and then turns his attention to real-world applications. A state price approach is employed throughout. It is assumed that the reader is familiar with the basics of corporate capital budgeting.
Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)

Book News Annotation:

This textbook for MBA students, advanced undergraduates, and practicing managers uses a series of examples and case studies to demonstrate the use of option pricing in capital budgeting processes. Shockley (Indiana U.) begins with a rather lengthy review of valuation and then turns his attention to real-world applications. A state price approach is employed throughout. It is assumed that the reader is familiar with the basics of corporate capital budgeting. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)

Synopsis:

APPLIED COURSE IN REAL OPTIONS VALUATION, offers an excellent guide to option pricing in today's fast paced business world. This innovative text not only provides the theories of option pricing but includes real-world examples and situations.

About the Author

Richard Shockley is a recognized authority on the newly emerging field of real options, with which firms assess and lock in risks on real assets. Dr. Shockley has published in the Journal of Applied Finance, the Journal of Applied Corporate Finance, the Journal of Finance, the Global Finance Journal, the Journal of Private Portfolio Management, the Journal of Money, Credit, and Banking, and the Journal of Financial Intermediation. He has participated in many conferences and presented many invited papers at meetings across the U.S., including the Federal Reserve Board of Governors, and in Australia and Italy. He is also the recipient of many teaching awards and honors.

Table of Contents

1. Introduction. PART 1. THE THEORY OF VALUE. 2. Valuation of Financial Assets. 3. Valuation of Real Assets. PART 2. THE BINOMIAL MODEL. 4. Valuation by Arbitrage in the Binomial Model. PART 3. EUROPEAN-STYLE REAL OPTIONS. 5. Research and Development: Valuing the Preliminary Design of a Super-Jumbo Jet at Boeing. 6. Platform Investments: How Much Are You Willing To Lose in the Name of "Strategy"? A Lesson on Volatility Estimation. 7. Multi-Staged Investments: The Staged Roll-Out of Wal-Mart Neighborhood Markets. 8. Multi-Staged Investments with Technical (or Private) Risk: Early-Stage Pharmaceutical R&D, and the Interaction of Market and Technical Risk. 9. "Rainbow" Options. PART 4. AMERICAN-STYLE REAL OPTIONS. 10. More On Arbitrage Valuation in the Binomial Model: Early Exercise of Options, Convenience Yield, and Value Erosion. 11. The "Traditional" Look of Convenience Yield: An Option to Develop a Coal Mine. 12. Value Erosion that Triggers Early Exercise: An Option on a Tax Credit Investment at Koch Industries. 13. Optimal Abandonment Strategy: Closing a Money-Losing Foreign Subsidiary at Mead Johnson - An Application with Foreign Exchange Risk. 14. Delayed Response to Decisions: "Fab Shells" at Intel. 15. Multiple Choices: Optimal Pollution Compliance Strategy at the Southern Company. 16. Conclusion: What Else Can You Do?

Product Details

ISBN:
9780324259636
Author:
Shockley, Richard L.
Publisher:
Cengage Learning
Author:
Shockley, Richard L.(Richard L. Shockley)
Subject:
Investments & Securities - Options
Subject:
Options (finance)
Subject:
Financial futures
Subject:
Software - Business - CDROM / Universal
Subject:
Economics - Theory
Subject:
Finance
Subject:
Valuation
Subject:
General-General
Copyright:
Publication Date:
September 2006
Binding:
HARDCOVER
Grade Level:
College/higher education:
Language:
English
Pages:
544
Dimensions:
9.32x7.50x1.00 in. 2.14 lbs.

Related Subjects

Business » Investing
Business » Investing » Options

Applied Course in Real Options Valuation (07 Edition) New Hardcover
0 stars - 0 reviews
$163.80 In Stock
Product details 544 pages South-Western Educational Publishing - English 9780324259636 Reviews:
"Synopsis" by , APPLIED COURSE IN REAL OPTIONS VALUATION, offers an excellent guide to option pricing in today's fast paced business world. This innovative text not only provides the theories of option pricing but includes real-world examples and situations.
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