Real Options: A Practitioner's Guide

The book satisfies someone who is interested in alternative concepts on how whether widely accepted view of calculating the estimate of future project or ROA gives more precise estimation. Good graphs, easy to read but good to know simple concepts like SML and CAPM model before reading the book

This book is a little confusing but if you have a background in finance, it is very helpful. It is also a valuable book for anyone, especially with the way the market is.

I regret not requiring this text for my students this semester. While there are a few typo's, that is not the point, as the problems are all easy to work out and solve. A very, very good book. If you are teaching a senior level course that uses even just a few weeks of real options (like my engineering economy course) use this book! You can cover the whole book in 10 or 12 lectures. The end of chapter problems (while a trifle scant) are well done!

I would rate this 5 stars from a practitioner's perspective, which is the intended audience. But, in terms of actual coverage of real options, Trigeorgis is better. However, Copeland and Antikarov do a great job with this book in introducing real options. There are sufficient examples and you get a good understanding of the topic off the bat. Copeland is a very good author, and he is one of my favorites. It's a good thing that there is a revised edition already, because the first one just had many typos.

Copeland and Antikarov, demonstrate in excellent form that NPV is flawed and tends to undervalue the investment opportunities. NPV is a static calculations that fails in the consideration of the many opportunities that management has over the lifetime of a project. Unfortunately the intent of the authors of offering solutions to the questions posed at the end of each chapter as well as real options models, flaw since www.etexere.com/realoptions doesn't exist.