The Real Options Handbook

The Real Options Handbook is a guide that explains how businesses can evaluate and manage flexibility in their investment decisions, much like having options in financial markets. It emphasizes the value of keeping choices open—such as delaying, expanding, or abandoning projects—based on how situations unfold over time. By applying real options theory, companies can make more informed, strategic decisions in uncertain environments, optimizing their investments and reducing risks. The handbook offers practical insights, tools, and frameworks to help managers understand and leverage these valuable opportunities for better resource allocation.