Amram, Martha; Kulatilaka, Nalin - In: Journal of Applied Corporate Finance 13 (2000) 2, pp. 15-28
The current interest in real options reflects the dramatic increase in the uncertainty of the business environment. Viewed narrowly, the real options approach is the extension of financial option pricing models to the valuation of options on real (that is, nonfinancial) assets. More broadly, the...
