A Stochastic Control Framework for Real Options in Strategic Valuation
Edition: 1 edition
Publisher: Birkhäuser Boston
Published: December 13, 2002
Language: eng
Format: Hardcover
Number of pages: 288
ISBN-13: 9780817642587
Subjects: Stochastics; Stocks & shares; Statistics; Futures And Options Trading; Valuation; Stochastic Processes; Business & Economics; Business / Economics / Finance; Real options (Finance); Business/Economics; Probability & Statistics - General; Investments & Securities - General; Mathematics / Statistics; Applied; Business enterprises; Corporations; Mathematical models
First sentence: An option is, in essence, the right to choose whether or not to take an action now or at some time in the future.