Abstract

http://ssrn.com/abstract=986980
 


 



Consideración de La Flexibilidad en El Análisis (Opciones Reales Introducing Flexibility in the Analysis: Real Options)


Guillermo L. Dumrauf


University of CEMA

Ignacio Velez-Pareja


Master Consultores

October 20, 2003


Abstract:     
This is a course material from the book Managerial Decision Making Under Risk and Uncertainty. The book is originally in Spanish and is untitled as Decisiones empresariales bajo riesgo e incertidumbre. The level of the book is basic. We use very few mathematics and it is expected to be used by managers.

In this tenth and last chapter we present a brief and simple introduction to financial options and the Black-Scholes model. Using the basic concept of options we introduce the reader to the idea of real options to profit from flexibility and variability and volatility.

Note: Downloadable document is in Spanish.

Number of Pages in PDF File: 62

Keywords: Options, real options, Black-Scholes model, NPV, Net Present Value

JEL Classification: G31

working papers series


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Date posted: May 16, 2007 ; Last revised: July 31, 2012

Suggested Citation

L. Dumrauf, Guillermo and Velez-Pareja, Ignacio, Consideración de La Flexibilidad en El Análisis (Opciones Reales Introducing Flexibility in the Analysis: Real Options) (October 20, 2003). Available at SSRN: http://ssrn.com/abstract=986980 or http://dx.doi.org/10.2139/ssrn.986980

Contact Information

Guillermo L. Dumrauf (Contact Author)
University of CEMA ( email )
1054 Buenos Aires
Argentina
Ignacio Velez-Pareja
Master Consultores ( email )
Ave Miramar # 18-93 Apt 6A
Cartagena
Colombia
+575 690 9972 (Phone)
HOME PAGE: http://cashflow88.com/decisiones/decisiones.html
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