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APPLIED COURSE IN REAL OPTIONS VALUATION, offers an excellent guide to option pricing in today's fast paced business world. This innovative text not only provides the theories of option pricing but includes real-world examples and situations.
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Richard Shockley is a recognized authority on the newly emerging field of real options, with which firms assess and lock in risks on real assets. Dr. Shockley has published in the Journal of Applied Finance, the Journal of Applied Corporate Finance, the Journal of Finance, the Global Finance Journal, the Journal of Private Portfolio Management, the Journal of Money, Credit, and Banking, and the Journal of Financial Intermediation. He has participated in many conferences and presented many invited papers at meetings across the U.S., including the Federal Reserve Board of Governors, and in Australia and Italy. He is also the recipient of many teaching awards and honors.Review:
1. Introduction. PART 1. THE THEORY OF VALUE. 2. Valuation of Financial Assets. 3. Valuation of Real Assets. PART 2. THE BINOMIAL MODEL. 4. Valuation by Arbitrage in the Binomial Model. PART 3. EUROPEAN-STYLE REAL OPTIONS. 5. Research and Development: Valuing the Preliminary Design of a Super-Jumbo Jet at Boeing. 6. Platform Investments: How Much Are You Willing To Lose in the Name of "Strategy"? A Lesson on Volatility Estimation. 7. Multi-Staged Investments: The Staged Roll-Out of Wal-Mart Neighborhood Markets. 8. Multi-Staged Investments with Technical (or Private) Risk: Early-Stage Pharmaceutical R&D, and the Interaction of Market and Technical Risk. 9. "Rainbow" Options. PART 4. AMERICAN-STYLE REAL OPTIONS. 10. More On Arbitrage Valuation in the Binomial Model: Early Exercise of Options, Convenience Yield, and Value Erosion. 11. The "Traditional" Look of Convenience Yield: An Option to Develop a Coal Mine. 12. Value Erosion that Triggers Early Exercise: An Option on a Tax Credit Investment at Koch Industries. 13. Optimal Abandonment Strategy: Closing a Money-Losing Foreign Subsidiary at Mead Johnson ? An Application with Foreign Exchange Risk. 14. Delayed Response to Decisions: "Fab Shells" at Intel. 15. Multiple Choices: Optimal Pollution Compliance Strategy at the Southern Company. 16. Conclusion: What Else Can You Do?
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Book Description Cengage Learning, 2006. Condition: New. book. Seller Inventory # M0324259638