Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions Book

1	Real options and investment under uncertainty : an overview	1
I	Underinvestment and conceptual options approaches	17
2	Finance theory and financial strategy	19
3	Today's options for tomorrow's growth	33
4	Valuing managerial flexibility	47
5	The options approach to capital investment	61
6	A conceptual options framework for capital budgeting	79
II	Review of some basic models	101
7	Real options : an overview	103
8	A new approach to evaluating natural resource investments	135
9	Investment and hysteresis	153
10	The general flexibility to switch : real options revisited	179
11	Irreversibility, uncertainty, and investment	199
III	Valuing various real options	251
12	The value of waiting to invest	253
13	Time to build, option value, and investment decisions	273
14	Abandonment value and project life	295
15	Irreversible investment, capacity choice, and the value of the firm	313
16	Evaluating natural resource investments	335
17	The nature of option interactions and the valuation of investments with multiple real options	359
IV	Strategy and competition	383
18	Strategy as a portfolio of real options	385
19	The value of options in strategic acquisitions	405
20	Capital budgeting for interrelated projects : a real options approach	419
21	Flexibility and commitment in strategic investment	451
22	Strategic growth options	499
23	Investment in technological innovations : an option pricing approach	517
V	Numerical techniques	537
24	A log-transformed binomial numerical analysis method for valuing complex multi-option investments	539
25	Finite difference methods and jump processes arising in the pricing of contingent claims : a synthesis	559
26	Valuation by approximation : a comparison of alternative option valuation techniques	571
27	Simulation and numerical methods in real options valuation	601
VI	Applications	621
28	Applications of option-pricing theory : twenty-five years later	623
29	Scientific management at Merck : an interview with CFO Judy Lewent	633
30	Case studies on real options	641
31	The value of flexibility : the case of a dual-fuel industrial steam boiler	663
32	A real options application in natural-resource investments	679
33	Managing investment opportunities under price uncertainty : from "last chance" to "wait and see" strategies	689
34	Urban land prices under uncertainty	719
35	Investments of uncertain cost : an application to the construction of nuclear power plants	733
36	Operating flexibility, global manufacturing, and the option value of a multinational network	743
VII	Empirical evidence	771
37	Option valuation of claims on real assets : the case of offshore petroleum leases	773
38	Empirical testing of real option-pricing models	803
39	Investor valuation of the abandonment option	823