A Stochastic Control Framework for Real Options in Strategic Evaluation

by Alexander Vollert

The mathematical theory of finance, involves a stochastic framework in which the theory of real options can serve as a tool for practically oriented decision making in the face of uncertainty. This book examines a new framework for classifying real options from a management and a valuation perspective, giving the advantages and disadvantages of the approach. Impulse control theory and the theory of optimal stopping are used to construct arbitrarily...

• Format: Paperback
• Language: English
• ISBN: 146127401X
• ISBN13: 9781461274018
• Release Date: October 2011
• Publisher: Birkhauser
• Length: 288 Pages
• Weight: 0.90 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"