Capital-investment-decisions

I have a lot of experience and I read a lot of books. Therefore, let me start by saying...I sent this book back. First of all the author (references) so often it not only takes away from the message, but it leaves the reader wondering..."who really wrote this book?" Second, the author writes "with respect to", "the underpinning of this book", and "notwithstanding" so often I started to laugh. Lastly, the overall message of this book is "IT investments are hard to measure", but again, one doesn't need to read it again and again. I actually don't find fault with the author...I blame the publisher. This is a great subject, but this book just doesn't make the grade. Just my opinion.

The author covers a broad array of very important infrastructure topics. The book is useful and valuable for anyone who has ever tried to justify the value of IT-based infrastructure projects. However, two of today's most powerful tools, real options analysis and simulation, are dismissed by the author as too complicated or abstract to be of any use for managers. While Renkema is correct to presume that most managers do ahve have a handle on these concepts, I was somewhat dissapointed to see that he did not encourage these avenues of methods to get at better numbers with which one can quantify the value of infrastructure. Nevertheless, the book is full of useful information regarding the decision-making process within bureaucratic environments as well as dealing with topics such as risk, argument structure, financial analysis, and qualitative analysis.

Let me say that this is not a book for those looking for investment advice or get-rich-quick schemes. It is also not a book for those who think that an MBA and an HP12C are all you need to understand the basic theory behind investments, options, etc.

It is a mathematical subject...and to those with a good mathematical background, the book is remarkably well-organized and easy to understand. I found this book to be very helpful in my research.

A lifetime book, a must for people interested in the modern "real options approach". Thorough and very didatic book, the maths level is far easier than Duffie's books, for instance. Requires differential calculus but at undergraduated engineering level. Previous knowledge of stochastic calculus and optimization under uncertainty are not required because there are two excellent chapters where the authors explain these tools in a concise format. For serious students, researchers and practitioners in capital budgeting, financial economics and investment theory. Comprehensive industrial applications models of practical importance, with several numerical results throughout charts and tables, makes this book valuable for capital budgeting consultants. In textbook format, for people interested in a deep understanding of the models, not only in rules of the thumb or ease advices. The best choice for graduated level courses, but some chapters also can be used for MBA courses, at least as complementary text. A born classic book!

ok, i found this book is very important and give a new vision to understant the world of investement under uncertainty , further it demonstrate a new application nommed real options, by this new model we can making same decision with integrating the notion of flexibility in procesus of investement

If you're lookin for an extensive overview of all the basic theories of IPOs, this is a good book. It's like an "IPOs for Dummies". Focus is a bit too much on Underpricing, however. I missed good overviews of Long Term Underperformance and Hot Issue Markets. Quite old (1996) so a lot of important work is not covered. New version was released 1999.

Financial economists (academics) have an interesting way of interpreting the world. When it comes to IPOs, what practitioners think and do and what the academics "think" that they do are often different.

This book is a solid contribution for those who what the academic IPO literature interpreted for them. It succeeds admirably at what it does, which is to interpret the findings of a lot of published studies in the finance journals that are hard to wade through unless you are a PhD in economics.

I teach finance to MBAs and this book was an excellent review and synthesis for me and fairly accessible to my MBAs. I understand the book has been updated in '99. That is good, since this topic is still in flux.

This is NOT a "how to" go public book. It is a valuable conpendium of how economists think about IPOs.