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Real Options

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Future-proofing—Valuing Adaptability, Flexibility, Convertibility and Options

Part of the book series: Management in the Built Environment ((MABUEN))

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Abstract

A real options analysis values future flexibility in a real asset context. The flexibility relates to having a future choice between alternatives, or having the future ability to influence the directions of a project or venture, for example to contract , abandon or expand a project in order to improve envisaged outcomes. Real options have wide relevance throughout industry, including applications in resources, research and development, patents, contracts and adaptation to shifting climates and demographics. Examples in this book emphasize the diverse range of applications.

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References

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Authors and Affiliations

  1. Civil and Environmental Engineering, UNSW Australia, Sydney, NSW, Australia

    David Gordon Carmichael

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  1. David Gordon Carmichael
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Correspondence to David Gordon Carmichael .

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© 2020 Springer Nature Singapore Pte Ltd.

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Carmichael, D. (2020). Real Options. In: Future-proofing—Valuing Adaptability, Flexibility, Convertibility and Options. Management in the Built Environment. Springer, Singapore. https://doi.org/10.1007/978-981-15-0723-6_3

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  • DOI: https://doi.org/10.1007/978-981-15-0723-6_3

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-15-0722-9

  • Online ISBN: 978-981-15-0723-6

  • eBook Packages: EngineeringEngineering (R0)

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