Real Options

A Practitioner's Guide

by Tom Copeland and Vladimir Antikarov

		Publisher: Thomson Texere Pub. Date: 2001 ISBN: 9781587990281 No. pages: 372 Category: Finance

In this summary you will learn

The definition and basic principles of Real Options Analysis
The differences between Real Options Analysis and Net Present Value
The advantages your company can gain by adopting Real Options Analysis

Why you should read Real Options

The phrase, "stochastic differential equations" may not trip off your tongue and you may not initially see the joy of learning that replicating portfolio value = mV + B. Yet Tom Copeland and Vladimir Antikarov guarantee that their book is a practical, everyman’s guide to the sometimes serious math world of Real Options Analysis (ROA). Thanks to the availability of personal computers and modeling software, everyone can now use ROA. Before PCs, only doctoral students of finance or economics would have been safe attempting it. Sure, ROA is harder than the traditional valuation methods or Net Present Value (NPV), but real options allow you to understand the full value of an asset by taking into account the factors of flexibility, risk and uncertainty. Company case models, the theory behind ROA and equations are all showcased in the book. This can be a challenging text, but getAbstract.com strongly recommends it to all CFOs and anyone charged with evaluating business strategies.

About the Authors

Tom Copeland is the managing director of Corporate Finance at Monitor Group. He is the co-author of Valuation, Financial Theory and Corporate Policy, and Managerial Finance. Vladimir Antikarov joined Monitor Group in 1992. With Copeland, he has developed methodologies and led the building of software tools to apply real options in the management of R & D, product development, foreign investment analysis, investment in switching capacity and other applications.

Rating (what is this?)

Overall		(9)
Applicability		(9)
Innovation		(10)
Style		(6)

Level of Expertise (what is this?)

Level

(6)

Buy the Book

Click here to buy the book "Real Options". If you wish to purchase 20 or more copies of the same title (not the summary, but the "real" book), please contact us at bulkorders@getAbstract.com. Make sure you include the title of the book and your phone number.

getAbstract makes it easy for you to access the summary of Real Options any time or any place. Once registered, you can choose from a variety of download formats: PDF for your computer, BlackBerry, iPhone, Kindle, PDA or other handheld devices. You can even obtain the audio version of many of our summaries.
Subscribe today to gain access to this summary as well as many other compelling titles!