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 ...

"The Edsel is here to stay." That's what Ford Motor Co. chairman Henry Ford II told Ford dealers in 1957. "There is no reason why anyone would want a computer in their home." Thus intoned Digital ...