While academic and practitioner literature has advocated the use of real options in firms' long-term investment appraisal processes, few studies have examined the extent to which real options are incorporated into decisions when they are made available. We experimentally examine supervising...

Real options approach is a method of evaluating and managing strategic investments decisions in an uncertain business environment. Current era is characterized by increased uncertainty because of changed market conditions, globalization, increased competition, emerging technologies etc. The...