The Real Options Approach

Thomas Dolinschek

ISBN 10: 3843319456 / ISBN 13: 9783843319454

Published by LAP LAMBERT Academic Publishing Nov 2012, 2012

About this Item

This item is printed on demand - it takes 3-4 days longer - Neuware -The environment of companies is nowadays characterized by an increased level of uncertainty which affects the investment decision politics of company s management remarkably. Especially investments in information and communication technology (ICT) bear an inherent high uncertainty character. Companies are spending remarkable amounts in acquisition and developing ICT systems due to there is growing realization that ICT investments may feature significant competitive advantage. In this regard, effective management of ICT investment projects has become a relevant task for many companies. Research identified various options on ICT investments, but the costs and benefits of them seem hard to quantify. As a method to incorporate the value of flexibility and options in decision making to create a better basic concept for investment decisions under uncertainty, the Real Options Approach (ROA) finds one s way into the valuation techniques by adding a dynamic perspective to traditional valuation. With instant thesis the relevance of the ROA for investment decisions under uncertainty in multi-stage ICT investment projects shall be accentuated. 164 pp. Englisch.

Seller Inventory # 9783843319454

Bibliographic Details

• Title: The Real Options Approach
• Publisher: LAP LAMBERT Academic Publishing Nov 2012
• Publication Date: 2012
• Language: English
• ISBN 10: 3843319456
• ISBN 13: 9783843319454
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 10D millimeters 220 millimeters width by 150 millimeters height by 10 millimeters depth
• Weight: 262 grams

About this title

Synopsis

The environment of companies is nowadays characterized by an increased level of uncertainty which affects the investment decision politics of company’s management remarkably. Especially investments in information and communication technology (ICT) bear an inherent high uncertainty character. Companies are spending remarkable amounts in acquisition and developing ICT systems due to there is growing realization that ICT investments may feature significant competitive advantage. In this regard, effective management of ICT investment projects has become a relevant task for many companies. Research identified various options on ICT investments, but the costs and benefits of them seem hard to quantify. As a method to incorporate the value of flexibility and options in decision making to create a better basic concept for investment decisions under uncertainty, the Real Options Approach (ROA) finds one’s way into the valuation techniques by adding a dynamic perspective to traditional valuation. With instant thesis the relevance of the ROA for investment decisions under uncertainty in multi-stage ICT investment projects shall be accentuated.

About the Author

Professional Account Manager for Business Clients, VB Wien AG; 09/2010-06/2012 Master-Programme Financial Management & Controlling, FH Wien; 09/2007-06/2010 Bachelor-Programme Finanz-, Rechnungs- und Steuerwesen, FH Wien; 07/2011 Summer Session Comparative Analysis of Industries, SUU; 07/2008 Summer Session Legal Aspects of Corporate Finance, UCLA