Dealmaking: Using Real Options and Monte Carlo AnalysisJohn Wiley & Sons, 2004 M04 16 - 312 páginas Applying practical tools to the volatile process of negotiating Prognosticators apply Monte Carlo Analysis (MCA) to determine the likelihood and significance of a complete range of future outcomes; Real Options Analysis (ROA) can then be employed to develop pricing structures, or options, for such outcomes. Richard Razgaitis' Dealmaking shows readers how to apply these powerful valuation tools to a variety of business processes, such as pricing, negotiating, or living with a "deal," be it a technology license, and R&D partnership, or an outright sales agreement. Dealmaking distinguishes itself from other negotiating guides not only by treating negotiations as an increasingly common situation, but also by presenting a tool-based approach that creates flexible, practical valuation models. This forward-thinking guide includes a variety of checklists, case studies, and a CD-ROM with the appropriate software. Richard Razgaitis (Bloomsbury, NJ) is a Managing Director at InteCap, Inc. He has over twenty-five years of experience working with the development, commercialization, and strategic management of technology, seventeen of which have been spent in the commercialization of intellectual property. |
Contenido
| 1 | |
| 15 | |
CHAPTER 3 The Box and the Wheelbarrow What Am I Selling or Buying? | 31 |
CHAPTER 4 Discounted Cash Flow Analysis and Introduction to Monte Carlo Modeling | 45 |
CHAPTER 5 Monte Carlo Method | 77 |
CHAPTER 6 Introduction to Real Options | 147 |
CHAPTER 7 Real Options Applied to Dealmaking | 175 |
CHAPTER 8 Knowledge and Unertainty | 219 |
CHAPTER 9 Deal Pricing | 233 |
CHAPTER 10 Negotiation Perspectives and Dynamics | 243 |
CHAPTER 11 Plan B | 255 |
CHAPTER 12 Conclusion | 273 |
Bibliography | 281 |
Index | 283 |
Otras ediciones - Ver todas
Dealmaking: Using Real Options and Monte Carlo Analysis Richard Razgaitis Sin vista previa disponible - 2003 |
Dealmaking: Using Real Options and Monte Carlo Analysis Richard Razgaitis Sin vista previa disponible - 2004 |
Términos y frases comunes
20 percent 20th percentile agreement alternative asset assumed assumptions binomial lattice Black-Scholes Black-Scholes equation BSE1 CAGR calculation CapEx cash flow Cell certainty Chapter consider context Correlated corresponding cost ratio create Crystal Ball DCF analysis deal manager deal team dealmaking determined discount discussed distribution with parameters EBIT effect equation equity example face card factors financial model future hurdle rate investment license log-normal distribution mean value million Monte Carlo method Monte Carlo model negotiation normal distribution NPV values ofthe one’s option value outcomes parties payment perspective Plan point Single point portunity possible potential present value range rating/ranking Real Options Analysis reasonable result revenues risk risk-neutral probability royalty scenario scenario analysis seller shown in Exhibit side simply Single point Single standard strike price term sheet tion triangular distribution uncertainty underlying uniform distribution valuation value of RAHR volatility Wheelbarrow YHOO
Pasajes populares
Página 26 - In the same spirit, therefore, should each type of statement be received; for it is the mark of an educated man to look for precision in each class of things just so far as the nature of the subject admits...
Página 264 - For a carpenter and a geometer investigate the right angle in different ways; the former does so in so far as the right angle is useful for his work, while the latter inquires what it is or what sort of thing it is; for he is a spectator of the truth.
Página 222 - ... then, in the case of temperance and courage and the other virtues. For the man who flies from and fears everything and does not stand his ground against anything becomes a coward, and the man who fears nothing at all but goes to meet every danger becomes rash; and similarly the man who indulges in every pleasure and abstains from none becomes self-indulgent, while the man who shuns every pleasure, as boors do, becomes in a way insensible; temperance and courage, then, are destroyed by excess...
Página 74 - Baa are considered as medium grade obligations, ie, they are neither highly protected nor poorly secured. Interest payments and principal security appear adequate for the present but certain protective elements may be lacking or may be characterisically unreliable over any great length of time. Such bonds lack outstanding investment characteristics and in fact have speculative characteristics as well...
Página 222 - Hence also it is no easy task to be good. For in everything it is no easy task to find the middle...
Página 27 - From highest Heaven handed down. For Heaven is their bright nurse, Those generations of the realms of light; Ah, never of mortal kind were they begot, Nor are they slaves of memory, lost in sleep : Their Father is greater than Time, and ages not.
Página 27 - Is made by crushing others. 2. The tendency to worry about things that cannot be changed or corrected. 3. Insisting that a thing is impossible because we cannot accomplish it. 4.
Página 212 - Do not turn to mediums or consult spiritists, or you will be defiled by them; I am the LORD your God.
Página 12 - COMPROMISE, n. Such an adjustment of conflicting interests as gives each adversary the satisfaction of thinking he has got what he ought not to have, and is deprived of nothing except what was justly his due.
Página 272 - It is difficult sometimes to determine what should be chosen at what cost, and what should be endured in return for what gain, and yet more difficult to abide by our decisions ; for as a rule what is expected is painful, and what we are forced to do is base, whence praise and blame are bestowed on those who have been compelled or have not.
Referencias a este libro
Options Based Management: Vom Realoptionsansatz zur optionsbasierten ... Yves Hilpisch Vista previa limitada - 2006 |