Real Options, Revised Edition : A Practitioners Guide

Rating:
Summary: Cecilia Gaye Uruguay
Review: Copeland and Antikarov, demonstrate in excellent form that NPV is flawed and tends to undervalue the investment opportunities. NPV is a static calculations that fails in the consideration of the many opportunities that management has over the lifetime of a project. Unfortunately the intent of the authors of offering solutions to the questions posed at the end of each chapter as well as real options models, flaw since www.etexere.com/realoptions doesn't exist.