This chapter discusses the strategy formulation challenges encountered by firms when the underlying market is uncertain. Motivated by the uncertainty faced by European electric utilities, it discusses how real options ...

Security valuation has been in the forefront of the accounting and finance literature for many years. Although there is consensus that stock prices are related to future cash flows of the firm, there is controversy about ...

The article discusses infrastructure investment for business enterprises, describing and analyzing an infrastructure development methodology called option games. The option games methodology integrates real options valuation ...

Individual homeowners are offered today a wide range of mortgage options for financing the purchase of a house. Usually, homeowners are also granted an option to repay the mortgage loan, and in some countries - such as ...