Consideración de La Flexibilidad en El Análisis (Opciones Reales Introducing Flexibility in the Analysis: Real Options)
Guillermo L. Dumrauf
University of CEMA
Grupo Consultor CAV Capital Advisory & Valuation
October 20, 2003
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: G31working papers series
Date posted: May 16, 2007 ; Last revised: July 31, 2012
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