Real Options in Capital Investment
Subtitle: Models, Strategies, and Applications
Publisher: Praeger Publishers
Published: January 30, 1995
Language: eng
Format: Hardcover
Number of pages: 384
ISBN-13: 9780275946166
Subjects: Investment & securities; Corporate Finance; Investment Finance; Business & Economics; Business / Economics / Finance; Business/Economics; Finance; Investments & Securities - General; Business & Economics / Finance; Capital investments; Corporations; Decision making; Growth
First sentence: Many academics and practicing managers recognize that the net present value (NPV) rule and other discounted cash flow (DCF) approaches to capital budgeting are inadequate in that they cannot properly capture management's flexibility to adapt and revise later decisions in response to unexpected market developments.