Resultados para: lenos trigeorgis
In the 1970s and the 1980s, developments in the valuation of capital-investment opportunities based on options pricing revolutionized capital budgeting. Managerial flexibility to adapt and revise future decisions in order to capitalize on favorable...
Schwartz,Eduardo S.; Trigeorgis,Lenos(243999)
The study of investment under uncertainty was stagnant for several decades, until recent developments in real options provided the tools to revitalize the field. The techniques and insights derived from option pricing can now be used to quantify the...
A new paradigm for balancing flexibility and commitment in management strategy through the amalgamation of real options and game theory.Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between...