Real Options Analysis Tools and Techniques for Valuing Strategic Investments and Decisions, 2nd Edition

"Mun demystifies real options analysis and delivers a powerful, pragmatic guide for decision-makers and practitioners alike. Finally, there is a book that equips professionals to easily recognize, value, and seize real options in the world around them."
--Jim Schreckengast, Senior VP, R&D Strategy, Gemplus International SA, France

Completely revised and updated to meet the challenges of today's dynamic business environment, Real Options Analysis, Second Edition offers you a fresh look at evaluating capital investment strategies by taking the strategic decision-making process into consideration. This comprehensive guide provides both a qualitative and quantitative description of real options; the methods used in solving real options; why and when they are used; and the applicability of these methods in decision making.

Hallmark features

• Shows the basic techniques and common pitfalls of real option applications, using real world examples. More Excel models and real world problems have been added to revised edition.
• Author regularly presents at practitioner and academic conferences, and consults with many major companies, on real option problems. His software has established itself as practitioners and students actively learning real option valuation techniques. More case studies from the experiences of leading multinational companies have been added.