Real Options Analysis Course: Business Cases and Software Applications
Praise for Real Options Analysis Course
"Dr. Mun's latest book is a logical extension of the theory and application presented in Real Options Analysis. More specifically, the Real Options Analysis Course presents numerous real options examples and provides the reader with step-by-step problem-solving techniques. After having read the book, readers will better understand the underlying theory and the opportunities for applying real option theory in corporate decision-making."
-Chris D. Treharne, President, Gibraltar Business Appraisals, Inc.
"This text provides an excellent follow up to Dr. Mun's first book, Real Options Analysis. The cases in Real Options Analysis Course provide numerous examples of how the use of real options and the Real Options Analysis Toolkit software can assist in the valuation of strategic and managerial flexibility in a variety of arenas."
-Charles T. Hardy, PhD, Chief Financial Officer & Director of Business Development, Panorama Research, Inc.
"Most of us come to real options from the perspective of our own areas of expertise. Mun's great skill with this book is in making real options analysis understandable, relevant, and immediately applicable to the field within which you are working."
-Robert Fourt, Partner, Gerald Eve (UK)
"Mun provides a practical step-by-step guide to applying simulation and real options analysis-invaluable to those of us who are no longer satisfied with conventional valuation approaches alone."
-Fred Kohli, Head of Portfolio Management, Syngenta Crop Protection Ltd. (Switzerland)
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American call option American option Analysis Toolkit software approach assumes Assumptions Asset Value Barrier Option binomial lattice Black-Scholes model Calculations Stepping-Time dt Carrying Cost Continue Continue Continue Continue End Continue contraction factor contraction option Creating and Solving Crystal Ball DCF model discount rate dividend yield European option Excel file Workbook Execute Continue Continue expansion factor expansion option expiration FIGURE file Workbook Exercise firm firm’s forecast Function future cash flows Growth Rate Implementation Cost implied volatility input parameters Intermediate Calculations Stepping-Time investment Lattice Steps Maturity Microsoft Excel million Monte Carlo simulation Net Present Value Open the Excel optimal Option Valuation Lattice Options Analysis Toolkit Phase portfolio present value put option Real Options Analysis real options value Results Lattice Results Revenue risk-free rate Risk-neutral Probability prob salvage value Sequential Compound Option simultaneous compound option Step-Size stochastic strategy switching option terminal node tion trinomial Underlying Asset Lattice variables