This preview shows pages 1–7. Sign up to view the full content.
1Options to Defer• Natural Resources −extract, cut• Real Estate DevelopmentStaged InvestmentsEach stage is an option on the value of the next stage• R&D intensive activities −drugsOptions to Alter ScaleExpand, Contract, Shutdown, Restart•Mining Facilities•Planning & Construction in cyclical industriesAbandonment OptionsRealize resale value of capital equipment on second-hand markets• AirlinesStrategy and Real Options
has intentionally blurred sections.
Sign up to view the full version.