Once a topic of interest only to finance specialists, real options analysis now receives active,
mainstream attention in business schools and industry. This article provides practitioners …

Several parametric and non-parametric approaches have been developed to value financial
assets. Yet, financial valuation techniques have only slowly percolated into disciplines …

Investment risks and opportunities have to be assessed in full recognition of the external
environment in which corporate strategies are elabo-rated. Environmental uncertainty is not …

In this paper, we propose a method of optimizing financial subsidies and public research
and development investments for renewable energy technologies, rather than optimizing …

Although the academic literature on real options has grown enormously over the past three
decades, the adoption of formal real option valuation models by practitioners appears to be …

We survey a large sample of Canadian firms to first learn whether they use real options, the
types of real options used, and why firms do not use them. Only 36 of the 214 respondents …

Innovations involving information technology (IT) provide potentially valuable investment
opportunities for industry and government organizations. Significant uncertainties are …

This paper presents a stochastic optimization model (OptFolio) of pharmaceutical research
and development (R&D) portfolio management using a real options approach for making …

The customer base is an important value driver of software companies and a reliable
prediction of its development is fundamental for investment decisions. A particularity in …

In times of market valuations beyond 1 trillion USD for digital companies such as Alphabet
and Amazon, capital markets concentrate on growth opportunities at the core of the market …