A great deal of theoretical work exists on how to model and value investment opportunities
having real options. To date, this work has provided new insights into capital budgeting …

This article focuses on how the use of real options can be made simple, providing an
overview of the power of flexible and modular decision making and its use in various …

Comprehensive in scope, Real Options reviews current techniques of capital budgeting and
details an approach (based on the pricing of options) that provides a means of quantifying …

This article is an attempt to survey the vast literature on flexibility in manufacturing that has
accumulated over the last 10 to 20 years. The survey begins with a brief review of the …

This article serves two main purposes. First, it aims to provide a comprehensive overview of
the existing real options literature and applications, as well as to present practically useful …

Real options in capital investment Page 2 Real Options in Capital Investment Page 3 This
page intentionally left blank Page 4 Real Options in Capital Investment Models, Strategies …

This paper presents a model and an analysis of the cost-flexibility tradeoffs involved in
investing in product-flexible manufacturing capacity. Flexible capacity provides a firm with …

This article studies optimal investment in flexible manufacturing capacity as a function of
product prices (margins), investment costs and multivariate demand uncertainty. We …

Strategic Operations Management, 4th Edition, shows how vital it is to have world-class
operations management in any organisation. In the past, where organisations tended to be …

This paper develops an approach for valuing flexible production systems using contingent
claims pricing. Demand curves for our model's underlying assets (output products) may be …