Provides a basic understanding of real options in the field of corporate finance. Traditional discounted cash flow (NPV) is not well with managerial flexibility or future response to uncertainty. The value of this flexibility can be substantial and well-processed option pricing methods. Description and classification of real options followed by several examples of evaluation and real opportunities to make a better value and improve decisions. "Hide
by Michael E. Edleson 8 pages. Publication Date: March 31, 1994. Prod. #: 294109-PDF-ENG