Table of Contents

Traditional capital budgeting; option-pricing theory and financial-options applications; a conceptual options framework for capital budgeting; quantifying flexibility: discrete-time analysis; quantifying flexibility: some continuous-time analytic models; interactions among multiple real options; strategic planning and control; competition and strategy; numerical analysis; applications; conclusions and implications.

About the Author

Lenos Trigeorgis is the Bank of Cyprus Chair Professor of Finance in the School of Economics and Management at the University of Cyprus and Professor of Finance at King's College of the University of London. He is the author of Real Options (MIT Press), Strategic Investment, and other books.