A Child's Guide to Real Options

Abstract

Our consulting experiences indicate that many New Zealand businesses and their managers are increasingly aware of the shortcomings of conventional methods for evaluating capital investment projects, particularly in situations where there is considerable flexibility subsequent to the project's commencement. With the busy executive in mind, we offer a brief and intuitive introduction to recently developed methods of project evaluation that explicitly incorporate managerial flexibility.

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Cite this paper

@inproceedings{Boyle2002ACG, title={A Child's Guide to Real Options}, author={Glenn W. Boyle and Tim Irwin and Douglas Birnie and Scott Chaput and Charles J. Corrado and David W. Ehrhardt and Stuart Shepherd and Alan Fraser Stent and Sam Twigg and Wen Li Cheng}, year={2002} }