Portfolios of Real Options

  • Rainer Brosch

Part of the Lecture Notes in Economics and Mathematical System book series (LNE, volume 611)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Pages 1-6
  3. Pages 21-44
  4. Pages 93-129
  5. Pages 131-137
  6. Back Matter
    Pages 139-156

About this book

Introduction

OR Society Award 2008!

For his excellent monograph, Rainer Brosch won the German OR Society Award 2008 for outstanding theses in the field of Operations Research in September 2008.

"Valuing portfolios of options embedded in investment decisions is one of the most important and challenging problems in real options and corporate finance in general. It is important for any corporation facing strategic resource allocation decisions, be it in pharma managing the pipeline of drugs, in telecom selecting a set of technological alternatives, or in venture capital or private equity investing in a portfolio of ventures. This work tackles real options decision making from a portfolio perspective head on within an overall budget constraint context in which interdependencies among optional decisions at each point in time and dynamically over time are explicitly considered. The proposed framework makes an important theoretical contribution in addressing this problem, while at the same time it can be of significant value to practicing managers in facing this admittedly complex and difficult task of evaluating, managing and optimally exercising interdependent corporate real options." Lenos Trigeorgis, Bank of Cyprus Chair Professor of Finance at the University of Cyprus and President of the Research and Consulting Firm Real Options Group in Nicosia, Cyprus.

Keywords

Analysis Corporate Finance Finance Investment Options Portfolio Private Equity Venture Capital

Authors and affiliations

  • Rainer Brosch
    • 1
  1. 1.BerlinGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-540-78299-5
  • Copyright Information Springer-Verlag Berlin Heidelberg 2008
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-540-78298-8
  • Online ISBN 978-3-540-78299-5
  • Series Print ISSN 0075-8442
  • About this book