The New Investment Theory of Real Options and its Implication for Telecommunications Economics

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Publisher : Springer Science & Business Media
ISBN 13 : 0585333149
Total Pages : 274 pages
Book Rating : 4.5/5 (853 download)

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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.

Real Options and Investment Under Uncertainty

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Publisher : MIT Press
ISBN 13 : 9780262693189
Total Pages : 890 pages
Book Rating : 4.6/5 (931 download)

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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.

Real Options in Capital Investment

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Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313020825
Total Pages : 382 pages
Book Rating : 4.3/5 (13 download)

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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).

Patent Valuation

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Publisher : John Wiley & Sons
ISBN 13 : 111822213X
Total Pages : 400 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Patent Valuation by : William J. Murphy

Download or read book Patent Valuation written by William J. Murphy and published by John Wiley & Sons. This book was released on 2012-04-05 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical resource for valuing patents that is accessible tothe complete spectrum of decision makers in the patent process In today's economy, patents tend to be the most important of theintellectual property (IP) assets. It is often the ability tocreate, manage, defend, and extract value from patents that candistinguish competitive success and significant wealth creationfrom competitive failure and economic waste. PatentValuation enhances the utility and value of patents byproviding IP managers, IP creators, attorneys, and governmentofficials with a useable resource that allows them to use actual orimplied valuations when making patent-related decisions. Involves a combination of techniques for describing patentvaluation Includes descriptions of various topics, illustrative cases,step-by-step valuation techniques, user-friendly procedures andchecklists, and examples Serves as a useable resource that allows IP managers to useactual or implied valuations when making patent-relateddecisions One of the most fundamental premises of the book is that thesevaluation skills can be made accessible to each of the variousdecision makers in the patent process. Patent Valuationinvolves narrative descriptions of the various topics, illustrativecases, step-by-step valuation techniques, user-friendly proceduresand checklists, and an abundance of examples to demonstrate themore complex concepts.

Understanding Options for Agricultural Production

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Publisher : Springer Science & Business Media
ISBN 13 : 9401736243
Total Pages : 405 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Understanding Options for Agricultural Production by : G.Y. Tsuji

Download or read book Understanding Options for Agricultural Production written by G.Y. Tsuji and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first premise of this book is that farmers need access to options for improving their situation. In agricultural terms, these options might be manage ment alternatives or different crops to grow, that can stabilize or increase household income, that reduce soil degradation and dependence on off-farm inputs, or that exploit local market opportunities. Farmers need a facilitating environment, in which affordable credit is available if needed, in which policies are conducive to judicious management of natural resources, and in which costs and prices of production are stable. Another key ingredient of this facilitating environment is information: an understanding of which options are viable, how these operate at the farm level, and what their impact may be on the things that farmers perceive as being important. The second premise is that systems analysis and simulation have an impor tant role to play in fostering this understanding of options, traditional field experimentation being time-consuming and costly. This book summarizes the activities of the International Benchmark Sites Network for Agrotechnology Transfer (IBSNAT) project, an international initiative funded by the United States Agency for International Development (USAID). IBSNAT was an attempt to demonstrate the effectiveness of understanding options through systems analysis and simulation for the ultimate benefit of farm households in the tropics and subtropics. The idea for the book was first suggested at one of the last IBSNAT group meetings held at the University of Hawaii in 1993.

Real Options in Practice

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Publisher : John Wiley & Sons
ISBN 13 : 0471445568
Total Pages : 384 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Real Options in Practice by : Marion A. Brach

Download or read book Real Options in Practice written by Marion A. Brach and published by John Wiley & Sons. This book was released on 2003-04-07 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores real option theory applied in practice Real options are quickly becoming the valuation and decision-making method of choice for many companies, including oil and gas companies, utilities and natural resource companies, pharmaceutical and biotech companies, Internet companies, and many others. Real Options in Practice allows readers to view the world of real options from the vantage point of a corporate practitioner applying real option valuation techniques on a regular basis. Expert Marion Brach describes the challenges of implementing a real option framework in practice within a corporate setting. Touching on the real options most firms care about, Real Options in Practice identifies the classic types of real options-deferral, abandonment, switching, expansion, and compound-and explores the main concepts critical to understanding real option theory. Through Brach's own three-step real option valuation method readers will learn how the theory of real options is now being applied to drive better, more profitable corporate decision-making. Marion A. Brach, MD, MBA (Hagen, Germany), has undertaken financial valuation of business opportunities and acquisitions using scenario and real option valuation in the biotech industry. A recognized expert on real option theory and practice, Brach received her MBA from the Manchester Business School and frequently speaks at real option seminars.

Intellectual Property

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Publisher : John Wiley & Sons
ISBN 13 : 0470286547
Total Pages : 218 pages
Book Rating : 4.4/5 (72 download)

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Book Synopsis Intellectual Property by : Gordon V. Smith

Download or read book Intellectual Property written by Gordon V. Smith and published by John Wiley & Sons. This book was released on 2009-03-30 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies are increasingly looking to their intellectual property as a profit center. This book is designed to simplify the process of attaching a dollar amount to intangible assets be it for licensing, mergers and acquisitions, loan collateral, or investment purposes. The 2009 Cumulative Supplements provides practical tools for evaluating the investment aspects of licensing and joint venture decisions. Also, it discusses the legal, tax, and accounting practices and procedures related to such arrangements. Accountants, business appraisers and executives, valuation/trademark specialists, and licensing executives will benefit from this book.

Watershed management in action

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Publisher : Food & Agriculture Org.
ISBN 13 : 9251300143
Total Pages : 170 pages
Book Rating : 4.2/5 (513 download)

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Book Synopsis Watershed management in action by : Food and Agriculture Organization of the United Nations

Download or read book Watershed management in action written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2018-06-06 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Watershed management has gained momentum over the past decade as a holistic way of conserving water, land and biodiversity resources while sustaining livelihoods. Based on 12 projects in Africa, Asia and Latin America, this publication looks at both the strengths and weaknesses of the approach and highlights the need for stronger governance and long-term sustainability.

SME Mining Engineering Handbook, Third Edition

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Publisher : SME
ISBN 13 : 0873352645
Total Pages : 1912 pages
Book Rating : 4.8/5 (733 download)

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Book Synopsis SME Mining Engineering Handbook, Third Edition by : Peter Darling

Download or read book SME Mining Engineering Handbook, Third Edition written by Peter Darling and published by SME. This book was released on 2011 with total page 1912 pages. Available in PDF, EPUB and Kindle. Book excerpt: This third edition of the SME Mining Engineering Handbook reaffirms its international reputation as "the handbook of choice" for today's practicing mining engineer. It distills the body of knowledge that characterizes mining engineering as a disciplinary field and has subsequently helped to inspire and inform generations of mining professionals.Virtually all of the information is original content, representing the latest information from more than 250 internationally recognized mining industry experts. Within the handbook's 115 thought-provoking chapters are current topics relevant to today's mining professional: Analyzing how the mining and minerals industry will develop over the medium and long term--why such changes are inevitable, what this will mean in terms of challenges, and how they could be managed Explaining the mechanics associated with the multifaceted world of mine and mineral economics, from the decisions associated with how best to finance a single piece of high-value equipment to the long-term cash-flow issues associated with mine planning at a mature operation Describing the recent and ongoing technical initiatives and engineering developments in relation to robotics, automation, acid rock drainage, block caving optimization, or process dewatering methods Examining in detail the methods and equipment available to achieve efficient, predictable, and safe rock breaking, whether employing a tunnel boring machine for development work, mineral extraction using a mobile miner, or cast blasting at a surface coal operation Identifying the salient points that dictate which is the safest, most efficient, and most versatile extraction method to employ, as well as describing in detail how each alternative is engineered Discussing the impacts that social and environmental issues have on mining from the pre-exploration phase to end-of-mine issues and beyond, and how to manage these two increasingly important factors to the benefit of both the mining companies and other stakeholders

How to Design and Implement Property Tax Reforms

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis How to Design and Implement Property Tax Reforms by : Martin Grote

Download or read book How to Design and Implement Property Tax Reforms written by Martin Grote and published by International Monetary Fund. This book was released on 2024-09-19 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property taxes are often under-exploited sources of local public revenues. A broad-based tax, raised at modest rates, can potentially generate significantly higher revenues in many countries, and meet most of the costs of improved local public services. This note provides a practical guide to designing and implementing reforms to recurrent taxes on immoveable property and real estate transfer taxes. It addresses the fundamental policy choices regarding the property tax base and tax rate, and the key functions of the tax administration for managing collections – valuation, billing, and enforcement. The advice in the note stems from a review of the literature and insights gained from the experiences of the Fiscal Affairs Department in delivering capacity development on property taxes. It covers and updates some of the analytical work by Norregaard (2013) while providing granular advice on practical aspects of reforming property taxes. The note is motivated by the resource mobilization needs of developing countries, but the design considerations are also pertinent for advanced and emerging market economies seeking to increase the revenue productivity of property taxes.

A Community-Based Flood Insurance Option

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Publisher : National Academies Press
ISBN 13 : 0309374715
Total Pages : 141 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis A Community-Based Flood Insurance Option by : National Academies of Sciences, Engineering, and Medicine

Download or read book A Community-Based Flood Insurance Option written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2015-10-08 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: River and coastal floods are among the nation's most costly natural disasters. One component in the nation's approach to managing flood risk is availability of flood insurance policies, which are offered on an individual basis primarily through the National Flood Insurance Program (NFIP). Established in 1968, the NFIP is overseen by the Federal Emergency Management Agency (FEMA) and there are about 5.4 million individual policies in the NFIP. The program has experienced a mixture of successes and persistent challenges. Successes include a large number of policy holders, the insurance of approximately $1.3 trillion of property, and the fact that the large majority of policy holders - 80% - pay rates that are risk based. NFIP challenges include large program debt, relatively low rates of purchase in many flood-prone areas, a host of issues regarding affordability of premiums, ensuring that premiums collected cover payouts and administrative fees, and a large number of properties that experience severe repetitive flood losses. At the request of FEMA, A Community-Based Flood Insurance Option identifies a range of key issues and questions that would merit consideration and further analysis as part of a community-based flood insurance program. As the report describes, the community-based option certainly offers potential benefits, such as the prospect of providing coverage for all (or nearly all) at-risk residents and properties in flood-prone communities. At the same time, many current challenges facing the NFIP may not necessarily be resolved by a community-based approach. This report discusses these and other prominent issues to be considered and further assessed.

Property Valuation

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Publisher : John Wiley & Sons
ISBN 13 : 1119767415
Total Pages : 565 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis Property Valuation by : Peter Wyatt

Download or read book Property Valuation written by Peter Wyatt and published by John Wiley & Sons. This book was released on 2022-10-25 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: PROPERTY VALUATION The new edition of the popular ‘all-in-one’ textbook on the valuation and appraisal of property, offering a more international perspective on valuation practice Property Valuation provides a comprehensive examination of property valuation principles, methods, issues and applications of the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. With a clear writing style, this easily accessible textbook presents valuation from the client perspective, offering balanced coverage of the theory and practice of single-asset pricing, risk and return issues. The updated third edition reflects significant developments that have occurred in valuation over the past several years, particularly the expanding internationalisation of the valuation profession and the growing interest in valuation practice in emerging economies. Greater emphasis is placed on international content and context, such as the challenges of real estate asset valuation in countries with developing market economies, to offer a more global view of valuation practice. Throughout this edition, chapters link the most recent academic research to practical applications, incorporate the latest professional guidelines and standards and address land and property taxation, compulsory acquisition of land, the valuation of non-market goods and services and key valuation challenges with a more international perspective. Addresses the key challenges faced by valuation professionals in a single, up-to-date volume Combines academic coverage of principles with practical coverage of valuation applications Incorporates consideration of non-market value, including countries where land is seldom sold yet has social and environmental value Contains a wealth of well-developed worked examples and classroom-proven teaching and learning devices Includes access to a companion website with supporting material for students and lecturers Property Valuation, Third Edition is an excellent textbook for advanced undergraduate and graduate courses including real estate finance, real estate economics, property surveying, valuation and land economics in the UK, Europe and North America. It is also a valuable resource for early-career practitioners preparing for professional competency assessments as well as those studying property valuation and appraisal in developing countries and emerging economies.

Computer Assisted Mass Appraisal

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Publisher : Routledge
ISBN 13 : 0429867476
Total Pages : 273 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Computer Assisted Mass Appraisal by : William J. McCluskey

Download or read book Computer Assisted Mass Appraisal written by William J. McCluskey and published by Routledge. This book was released on 2018-08-20 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1997, this volume emerged in response to the need for material on the research, development, use and application of mass appraisal techniques for ad valorem property tax systems. The primary paradigms discussed include regression, base home technique, adaptive estimation procedure and artificial neural networks. Intending to address a wide range of property types, the authors explored residential, condominiums, retail, office and industrial property as well as agricultural and forestry land.

Practical Guide to Successful Intellectual Property Valuation and Transactions

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Publisher : Kluwer Law International B.V.
ISBN 13 : 9041194495
Total Pages : 268 pages
Book Rating : 4.0/5 (411 download)

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Book Synopsis Practical Guide to Successful Intellectual Property Valuation and Transactions by : Alexander Puutio

Download or read book Practical Guide to Successful Intellectual Property Valuation and Transactions written by Alexander Puutio and published by Kluwer Law International B.V.. This book was released on 2022-04-22 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identifying the optimal price for a transaction involving an intellectual property (IP) asset necessarily involves a thorough, well-reasoned, and well-supported IP valuation analysis. This matchless book draws on decades of experience from the world’s most renowned IP valuation experts, patent office chief economists, finance and accounting professors, and top-tier legal professionals to provide clear guidance and immediately actionable knowledge on how to value IP assets in a multitude of scenarios. The contributors explore all major facets of IP valuation, ranging from the basics of value to technical economic methods in an approachable manner. The book examines the valuation of brands, copyright, trade secrets, patents, and other forms of IP from a multidisciplinary viewpoint with worked examples, draft contract language, case law analysis, and up-to-date theoretical considerations. Issues and topics considered in depth include the following: fair, reasonable, and non-discriminatory terms; determining reasonable royalty rates; standard essential patents; profit apportionment; discount rates; role of the IP asset manager and multi-functional teams; IP management in collaborative research and development; financial methods and economic considerations; and operationalization of IP valuation in practice. The handbook is the result of five years of dedication and hard work by the advisors and a growing network of researchers, supporters, and end-users involved in the Asia-Pacific Research and Training Network on Trade. As IP becomes ever more indispensable in so many activities and industries that cross national borders, the need to overcome the lack of shared understanding of how to approach the valuation of IP becomes more urgent. This book will facilitate consistent approaches to the valuation of IP as an indispensable component of trade, investment, and sustainable economic development. It will provide IP asset managers and transactional attorneys, both seasoned experts and newcomers, with up-to-date methods on how to value IP assets and apply them in practice.

Climate Change and Land

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Publisher : Cambridge University Press
ISBN 13 : 1009177052
Total Pages : 910 pages
Book Rating : 4.0/5 (91 download)

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Book Synopsis Climate Change and Land by : Intergovernmental Panel on Climate Change

Download or read book Climate Change and Land written by Intergovernmental Panel on Climate Change and published by Cambridge University Press. This book was released on 2022-12-08 with total page 910 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Intergovernmental Panel on Climate Change (IPCC) is the leading international body for assessing the science related to climate change. It provides policymakers with regular assessments of the scientific basis of human-induced climate change, its impacts and future risks, and options for adaptation and mitigation. This IPCC Special Report on Climate Change and Land (SRCCL) is the most comprehensive and up-to-date scientific assessment of the multiple interactions between climate change and land, assessing climate change, desertification, land degradation, sustainable land management, food security, and greenhouse gas fluxes in terrestrial ecosystems. It assesses the options for governance and decision-making across multiple scales. It serves policymakers, decision makers, stakeholders, and all interested parties with unbiased, up-to-date, policy-relevant information. This title is also available as Open Access on Cambridge Core.

An Asian International Real Estate Review

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Author :
Publisher : Partridge Publishing Singapore
ISBN 13 : 1482879271
Total Pages : 602 pages
Book Rating : 4.4/5 (828 download)

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Book Synopsis An Asian International Real Estate Review by : Kim Hin David Ho

Download or read book An Asian International Real Estate Review written by Kim Hin David Ho and published by Partridge Publishing Singapore. This book was released on 2021-10-20 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: Direct real estate market analysis is a rigorous investigative approach for academic research, and for direct real estate investment research in practice. ‘An Asian International Real Estate Review’ considers the subject in the context of economic theory pertaining to market disequilibria, utilizing data from major cities in Asia as case studies. Such an approach makes it possible to determine what really defines an Asian direct real estate sector. What is being measured? How does it behave (in terms of price and non-price factors)? How is it structured? How effectively does it achieve sustainable total returns? And how does it manage direct real estate market uncertainty? Direct real estate market uncertainty originates from both the demand-side and the supply-side of the market. The market responds to structural macroeconomic and microeconomic factors that in turn are affected by related public policies. Such factors and policies interact to affect Asian direct real estate in unique ways since the Asian currency crisis of 1997. ‘An Asian International Real Estate Review’ shows that while the details of direct real estate market analysis are different for the various Asian cities (and their direct real estate sectors) owing to their different stages of maturity, underlying principles nevertheless apply. ‘An Asian International Real Estate Review’ also looks at managing direct real estate market uncertainty at the portfolio level via the analytical techniques of direct real estate asset allocation, direct real estate value-at-risk (VaR), real option analysis and pricing.

Kwantitatief bekeken

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Author :
Publisher : Garant
ISBN 13 : 9789044116274
Total Pages : 316 pages
Book Rating : 4.1/5 (162 download)

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Book Synopsis Kwantitatief bekeken by :

Download or read book Kwantitatief bekeken written by and published by Garant. This book was released on 2004 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: