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Essays On Real Options
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Book Synopsis Real Options Theory by : Jeffrey J. Reuer
Download or read book Real Options Theory written by Jeffrey J. Reuer and published by Emerald Group Publishing. This book was released on 2007-07-05 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the ways in which real options theory can contribute to strategic management. This volume offers conceptual pieces that trace out pathways for the theory to move forward and presents research on the implications of real options for strategic investment, organization, and firm performance.
Book Synopsis Essays on Moral Realism by : Geoffrey Sayre-McCord
Download or read book Essays on Moral Realism written by Geoffrey Sayre-McCord and published by Cornell University Press. This book was released on 1988 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of influential essays illustrates the range, depth, and importance of moral realism, the fundamental issues it raises, and the problems it faces.
Book Synopsis Real Options and Investment Under Uncertainty by : Eduardo S. Schwartz
Download or read book Real Options and Investment Under Uncertainty written by Eduardo S. Schwartz and published by MIT Press. This book was released on 2004 with total page 890 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of investment under uncertainty was stagnant for several decades until developments in real options revitalized the field. The topics covered in this book include the reasons behind the under-investment programme.
Book Synopsis The New Investment Theory of Real Options and its Implication for Telecommunications Economics by : James J. Alleman
Download or read book The New Investment Theory of Real Options and its Implication for Telecommunications Economics written by James J. Alleman and published by Springer Science & Business Media. This book was released on 2007-08-19 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Randall B, Lowe Piper & Marbury, L.L.R The issue of costing and pricing in the telecommunications industry has been hotly debated for the last twenty years. Indeed, we are still wrestling today over the cost of the local exchange for access by interexchange and competitive local ex change carriers, as well as for universal service funding. The U.S. telecommunications world was a simple one before the emergence of competition, comprising only AT&T and independent local exchange carriers. Costs were allocated between intrastate and interstate jurisdictions and then again, between intrastate local and toll. The Bell System then divided those costs among itself (using a process referred to as the division of revenues) and independents (using a process called settlements). Tolls subsidized local calls to keep the politi cians happy, and the firm, as a whole, covered its costs and made a fair return. State regulators, however, lacked the wherewithal to audit this process. Their con cerns centered generally on whether local rates, irrespective of costs, were at a po litically acceptable level. Although federal regulators were better able to determine the reasonableness of the process and the resulting costs, they adopted an approach of "continuous surveillance" where, like the state regulator, the appearance of rea sonableness was what mattered. With the advent of competition, this historical costing predicate had to change. The Bell System, as well as the independents, were suddenly held accountable.
Book Synopsis Mergers & Acquisitions - a Real Option valuation approach of investment decision under uncertainty by : Marc Zajicek
Download or read book Mergers & Acquisitions - a Real Option valuation approach of investment decision under uncertainty written by Marc Zajicek and published by diplom.de. This book was released on 2004-01-06 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: The objective of this dissertation is to examine the application of Real Options for the evaluation of companies with regard to acquisitions. There has been an intensive scientific discussion in the past years about the Real Options method for the evaluation of investments and mergers & acquisitions as in practice usually the management tries to capture future developments with static methods of capital budgeting. For example, future cash-flows are discounted with a fixed risk-adjusted discount rate. Therefore, the Real Options approach has been applied very rarely as it has the reputation of high complexity and poor practicability in daily business. However, the use of present values and capitalized values may produce pitfalls in acquisition decisions as strategic investment decisions might be characterized by a wide range of possibilities to react flexibly to a fast changing environment. In chapter 1, the term Mergers & Acquisitions (M&A) is defined and the motives as well as the relevance of M&A transactions for different branches are described in detail. Furthermore, the process and the different phases of a merger or an acquisition are explained. Chapter 2 presents traditional evaluation methods of static net present value, sensitivity analysis, Monte Carlo and decision tree. These classic methods are discussed and a comparison is drawn among these techniques in regard to practicability. At the end of this chapter, a evaluation is presented in regard to specific situations with the mayor parameter of uncertainty and flexibility for the application of these classic methods. The basic concept of option pricing is described in chapter 3. In addition, the Black-Scholes equation and the underlying assumptions are explained in detail in order to understand financial options, which are the basic for the Real Options approach. At the end of the chapter, an example of a call and put option is discussed in order to understand the functioning of options. Chapter 4 presents an introduction and definition of the Real Options method. Furthermore, the value drivers and the value creation due to the application of Real Options are discussed and analyzed in detail. After the discussion of the functioning of Real Options, a comparison of the analogy between financial Options and Real Options is done in order to possible differences. In this context, the limitations of the analogy of financial and Real Options are presented. Finally, [...]
Book Synopsis Real Options and Strategic Technology Venturing by : Caroline M. Sipp
Download or read book Real Options and Strategic Technology Venturing written by Caroline M. Sipp and published by Springer Science & Business Media. This book was released on 2012-11-19 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to answer “why, when and how are real options used in strategic technology venturing?” This work tests for the role of real options in decision making involving three types of firms in decreasing order of technology-dependence – technology-driven (TD) (where the profit is fully dependent on new technology creation and leveraging), technology-based (TB) (where the profit is enabled and supported by technology) and technology-neutral (TN) (where the profit is almost independent of technology). It also deals with strategic and non-strategic types of decisions driven by real options. This analysis shows that an environment presenting co-opetitive (simultaneous competition and collaboration) conditions triggers the use of real options (why), that serve to transform the position, posture and propensity of businesses to innovate and thus they co-evolve (when) into more effective and efficient forms of businesses (co-specialization) (how). The authors demonstrate that embracing risk and uncertainty can increase levels and probability of new venture formation. However, their simulation also shows that it should be adapted to the risk profile of the firm and that timing is also a factor to be considered. Although engaging the concepts of real options, this analysis does not focus on a specific investment valuation methodology, but highlights the relationship between knowledge and risk and rather addresses the management of mindsets, as moving towards a systematic conceptualization of real options represents a different paradigm in decision making.
Book Synopsis Real Choices by : Beth Kiyoko Jamieson
Download or read book Real Choices written by Beth Kiyoko Jamieson and published by Penn State Press. This book was released on 2001 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a new approach to thinking about liberty in the wake of decades of criticism of liberalism from feminists, communitarians, & conservatives alike.
Book Synopsis Real Essays with Readings by : Susan Anker
Download or read book Real Essays with Readings written by Susan Anker and published by Macmillan. This book was released on 2011-12-28 with total page 905 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real Essays delivers the powerful message that good writing, thinking, and reading skills are both essential and achievable. From the inspiring stories told by former students in Profiles of Success to the practical strategies for community involvement in the new Community Connections, Real Essays helps students to connect the writing class with their real lives and with the expectations of the larger world. So that students don’t get overwhelmed, the book focuses first on the most important things in each area, such as the Four Most Serious Errors in grammar; the Four Basics of each rhetorical strategy; and the academic skills of summary, analysis, and synthesis. Read the preface.
Book Synopsis Quarterly Essay 68 Without America by : Hugh White
Download or read book Quarterly Essay 68 Without America written by Hugh White and published by Quarterly Essay. This book was released on 2017-11-27 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: America is fading, and China will soon be the dominant power in our region. What does this mean for Australia’s future? In this controversial and urgent essay, Hugh White shows that the contest between America and China is classic power politics of the harshest kind. He argues that we are heading for an unprecedented future, one without an English-speaking great and powerful friend to keep us secure and protect our interests. White sketches what the new Asia will look like, and how China could use its power. He also examines what has happened to the United States globally, under both Barack Obama and Donald Trump – a series of setbacks which Trump’s bluster on North Korea cannot disguise. White notes that we have got into the habit of seeing the world through Washington’s eyes, and argues that unless this changes, we will fail to navigate the biggest shift in Australia’s international circumstances since European settlement. The signs of failure are already clear, as we risk sliding straight from complacency to panic. ‘For almost a decade now, the world’s two most powerful countries have been competing. America has been trying to remain East Asia’s primary power, and China has been trying to replace it. How the contest will proceed – whether peacefully or violently, quickly or slowly – is still uncertain, but the most likely outcome is now becoming clear. America will lose, and China will win.’ —Hugh White, Without America ‘This important essay clarifies China’s brinkmanship in Asia and confronts the hard facts of what it means for Australia’ —Fiona Capp, The Sydney Morning Herald ‘In ... Without America: Australia in the New Asia, Hugh White has given us possibly his best piece of writing, and on a subject of the first importance.’ —Weekend Australian ‘Just when the foreign-policy orthodoxy seemed to be catching up with him, White [has] upend[ed] it again.’ —The Interpreter
Book Synopsis Search for the Real by : Hans Hofmann
Download or read book Search for the Real written by Hans Hofmann and published by MIT Press. This book was released on 1967 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The writings of the "dean of the New York School of Abstract-Expressionist Painting." "The creative process lies not in imitating, but in paralleling nature; translating the impulse received from nature into the medium of expression, thus vitalizing this medium. The picture should be alive, the statue should be alive and every work of art should be alive." Thus Hans Hofmann wrote nearly half a century ago. He left the Old World, Germany, for the New, at the age of 50. In 1948, when the retrospective exhibition was held at the Addison Gallery of American Art, Hofmann was 68; he had been in the United States for 18 years, a citizen for seven years. Yet he was scarcely recognized in Europe or America as an artist of significance and had never had a full-scale retrospective exhibition of his work. Beginning with a group exhibition in Germany in 1909, he had been given 12 one-man shows and had been included in four group exhibitions before the exhibit at Andover. Subsequently, he was to have 33 one-man shows and to be in over 60 group exhibitions, including the 1960 Venice Biennale, in which he was one of the four artists chosen to represent America. The catalogue of the 1948 retrospective at the Addison Gallery incorporated Hofmann's writings, all originally written in German, some pieces translated fluently, others awkwardly paraphrasing the original. He had written them over a period of 40 years for periodicals journals, or his own teaching purposes; occasionally they overlapped; there was no sequence of development. In the original volume of Search for the Real, published in 1948, it was felt desirable to edit his writing as little as possible, nevertheless to present the essays in the most lucid English true to his meaning, printed only with his approval. "The Search for the Real in the Visual Arts," "Sculpture," and "Painting and Culture" were all printed in full. The section "Excerpts from the Teaching of Hans Hofmann" was composed of selections from his essays "On the Aims of Art" and "Plastic Creation." The last brief section, "Terms," was gleaned from the other essays, lectures, diagrams, notes, and cryptic memoranda written to himself, headed by one of Hoffman's diagrams. It was a further distillation of his own definitions in the nature of a vocabulary. In the last 18 years of his life, recognition was his, nationally and internationally, in proportion to the originality and depth of his thinking, his versatility and comprehensiveness, his productivity and vigor. His was a prophetic visual expression of action in a three-dimensional world on a vibrating two-dimensional surface. He was a dynamic teacher; the wide range of his influence is to be seen in the list of artists comprising an exhibition "Hans Hofmann and His Students," circulated in America and abroad during the three years before his death in 1966. Among the 32 painters and sculptors in this exhibition were students as varied in their developed personal idioms as Helen Frankenthaler, Larry Rivers, Louise Nevelson, Richard Stankiewicz, and Alan Kaprow. Running simultaneously and also shown in South America and Europe as well as in the United States, a one-man show of 40 major works initiated by the Museum of Modern Art, New York, is a testimony to the words of the "dean of the New York School of Abstract-Expressionist Painting."
Download or read book Real R & D Options written by Dean Paxson and published by Butterworth-Heinemann. This book was released on 2003-01-17 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text addresses a wide range of issues in valuation using the Real Options technique. It covers the whole area of Real Options and looks closely at developments, especially in valuing technology companies. Authors in Europe, North and South America, Asia and Africa provide seven Real Options models and applications.
Book Synopsis Real Options in Capital Investment by : Lenos Trigeorgis
Download or read book Real Options in Capital Investment written by Lenos Trigeorgis and published by Bloomsbury Publishing USA. This book was released on 1995-01-24 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This compilation integrates various new contributions to the growing real options literature. Recent developments in the valuation of capital investment opportunities seen as real options (e.g. to defer, expand, abandon, or switch) have provided the tools and unlocked the possibilities to revolutionize the field of capital budgeting. The resulting insights, strategies, and techniques enable quantifying the thus far elusive elements of managerial operating flexibility and strategic interactions. These are vital to successfully capitalize on favorable future investment opportunities or limit losses from adverse market developments. This book presents various models and operating strategies, and a variety of applications ranging from acquisitions and divestitures, to natural resource development and pollution compliance. It is intended for both the academic and the professional market. The book's contributions are divided into five parts, covering sections on real options and alternative valuation paradigms for capital investment analysis; on the analysis of general exchange or switching options, and interdependencies among multiple such options; on strategic acquisitions, infrastructure, and foreign investment options; on mean reversion/ alternative formulations in natural resource investments, shipping, and start-up ventures; and on other applications in pollution compliance, land development, flexible manufacturing, and financial default options. Both academic and practitioner interest in these developments is unusually high. The book can serve as supplementary material for the academic market, e.g., in advanced finance courses in option pricing or capital budgeting, in doctoral seminars, and as a library resource. It may also be of interest to the professional market (e.g. corporate planners and finance executives in the oil, pharmaceutical, auto and a variety of other industries), academics from related areas (e.g. decision analysts or economists), as well as to international readers (academics, doctoral students, and professionals).
Book Synopsis Real Materialism by : Galen Strawson
Download or read book Real Materialism written by Galen Strawson and published by OUP Oxford. This book was released on 2008-05-29 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real Materialism draws together papers written over twenty years by Galen Strawson in philosophy of mind and metaphysics. Strawson focuses on five main areas of enquiry: [1] the nature of the physical, consciousness, the 'mind-body problem', and the prospects for panpsychism; [2] the self, the subject of experience, self-consciousness, and the 'narrative' self; [3] free will and moral responsibility; [4] the nature of thought and intentionality and their connection with consciousness; [5] the problem of causation with particular reference to the philosophy of David Hume.
Book Synopsis William James: Essays and Lectures by : William James
Download or read book William James: Essays and Lectures written by William James and published by Routledge. This book was released on 2016-05-23 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of the “Longman Library of Primary Sources in Philosophy,” this edition of the William James' Selected Essays is framed by a pedagogical structure designed to make this important work of philosophy more accessible and meaningful for undergraduates.
Book Synopsis Essays on Government by : Abbott Lawrence Lowell
Download or read book Essays on Government written by Abbott Lawrence Lowell and published by . This book was released on 1883 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Unlikely Heroes written by Ari Kohen and published by U of Nebraska Press. This book was released on 2019-01-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Classes and books on the Holocaust often center on the experiences of victims, perpetrators, and bystanders, but rescuers also occupy a prominent space in Holocaust courses and literature even though incidents of rescue were relatively few and rescuers constituted less than 1 percent of the population in Nazi-occupied Europe. As inspiring figures and role models, rescuers challenge us to consider how we would act if we found ourselves in similarly perilous situations of grave moral import. Their stories speak to us and move us. Yet this was not always the case. Seventy years ago these brave men and women, today regarded as the Righteous Among the Nations, went largely unrecognized; indeed, sometimes they were even singled out for abuse from their co-nationals for their selfless actions. Unlikely Heroes traces the evolution of the humanitarian hero, looking at the ways in which historians, politicians, and filmmakers have treated individual rescuers like Raoul Wallenberg and Oskar Schindler, as well as the rescue efforts of humanitarian organizations. Contributors in this edited collection also explore classroom possibilities for dealing with the role of rescuers, at both the university and the secondary level.
Download or read book Relativism written by Michael Krausz and published by Columbia University Press. This book was released on 2010-08-06 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume grapple with one of the most intriguing, enduring, and far-reaching philosophical problems of our age. Relativism comes in many varieties. It is often defined as the belief that truth, goodness, or beauty is relative& mdash;relative, that is, to some context or frame of reference& mdash;and that no absolute standards can adjudicate between competing reference frames. This anthology captures the significance and range of relativistic doctrines, rehearsing their virtues and vices and reflecting a spectrum of attitudes toward relativism. Invoking diverse philosophical orientations, these doctrines concern conceptions of relativism in relation to pluralism and moral relativism; facts and conceptual schemes; realism and objectivity; solidarity and rationality; universalism and foundationalism; and feminism and poststructuralism. The thirty-three essays in this book include nine original works and many classical articles.
