Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions

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John Wiley & Sons, Jul 2, 2012 - Business & Economics - 704 pages
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"Mun demystifies real options analysis and delivers a powerful, pragmatic guide for decision-makers and practitioners alike. Finally, there is a book that equips professionals to easily recognize, value, and seize real options in the world around them."
--Jim Schreckengast, Senior VP, R&D Strategy, Gemplus International SA, France

Completely revised and updated to meet the challenges of today's dynamic business environment, Real Options Analysis, Second Edition offers you a fresh look at evaluating capital investment strategies by taking the strategic decision-making process into consideration. This comprehensive guide provides both a qualitative and quantitative description of real options; the methods used in solving real options; why and when they are used; and the applicability of these methods in decision making.


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Real Options Valuation Application Cases
Chapter Summaries
Operating System
The Case of the Oil
Introduction The Traditional Views
RealOptions Analysis
Additional Issues inReal Options
Multiple Super Lattice Solver
Real Options Case Studies
Pharmaceutical DevelopmentValue of Perfect
NavalSpecial WarfareGroup OnesMission Support Center Case Chapter 12 Results Interpretationand Presentation Introduction
Comparing Risk and Return of Multiple Projects
Risk Analysisand Simulation on

TheReal Options Process
Monte Carlo Simulation
Behind the Scenes
Real Options Models
Answer to Chapter Questions

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About the author (2012)

JOHNATHAN MUN, PhD, is currently the CEO of Real Options Valuation, Inc., as well as the creator of the Real Options' Super Lattice Solver software for real option valuation and Risk Simulator Monte Carlo simulation software. Prior to starting his own firm, he was the vice president of analytics at Decisioneering, Inc. Mun is also a full professor at the U.S. Naval Postgraduate School (California) and the University of Applied Sciences (Switzerland). He has authored numerous Wiley books, including the first edition of Real Options Analysis, Real Options Analysis Course, Applied Risk Analysis, and Valuing Employee Stock Options. Mun has also taught and consulted for over 300 corporations in twenty countries worldwide on risk analysis and real options.

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