Emergency management practitioners struggle to justify investments in “contingent capabilities:” backup systems, surge capacity, and strategic reserves that provide value only during disasters.

Real Options Analysis (ROA) is an innovative framework that applies financial option theory to real-life investment decisions, thereby providing a dynamic method for evaluating projects under ...

Wall Street invented stock call options to give investors a powerful risk-hedging technique. Like a sorcerer’s crystal ball, options provide visibility into the future economic effect of a pending ...

Technology projects are inherently risky; research shows that large IT projects succeed as planned only 28 percent of the time. Building flexibility, or real options, into a project can help manage ...

Maintenance of a real option to produce gas-to-electricity offshore provides a compelling argument to make potential investments in a new generation of production technologies that we call “FGSO” ...