Real options have gained considerable traction among management scholars and practitioners, yet some challenges remain regarding their strategic value and appropriate use. This article seeks to add ...

Consider the value of a 15-story Class B office building with four elevators in the central part of any American city. John Smollen, MIAX While its value may have always fluctuated, based on some ...

This week, Larry Page and Sergey Brin officially stepped down from their management roles at the company they founded, Alphabet. Sundar Pichai will now have full control of the company, while Larry ...

Real Options Theory provides a rigorous framework for evaluating strategic investments under uncertainty by casting managerial choices as embedded options within projects. It extends traditional ...

Real options analysis provides a rigorous framework for valuing flexibility in climate adaptation investments by treating the right—but not the obligation—to act as a financial option. Under deep ...

Petroleum projects are hard to value because they are limited in time, so perpetuities cannot be used. They have a long maturation period and can run for more than 30 years, so prices are hard to ...