Preliminary readings:

• Bernstein, P. (1996) “The New Religion of Risk Management.” Harvard Business Review, 74(2): pp.47-51 (If you like this article you may want to read Bernstein's book Against the gods: the remarkable story of risk. (New York, Wiley 1988, HD61.B47). It is a light and entertaining book full of interesting stories how academics and businessmen struggled with the notions of uncertainty and risk)
• Leslie, K. & Michaels, M.P. (1997) “The Real Power of Real Options.” McKinsey Quarterly, 1997/3, p. 22
• T.A. Luehrmann, "What's it Worth? A General Manager's Guide to Valuation," HBR 1997, 132-142.
• T.A. Luehrmann, "Strategy as a Portfolio of Real Options", HBR 1998, 89-99

• R Brealey and S Myers, Principles of Corporate Finance, 6th Edition, Mc Graw-Hill, Boston 2000
• D.G. Luenberger, Investment Science, Oxford University Press, Oxford 1998

• M. Amram and N. Kulatilaka, Real Options: Managing Strategic Investment in an Uncertain World, HBS Boston 1999
• T. Copeland and V. Antikarov, Real Options: A Practitioner's Guide, TEXERE, New York 2001
• T. Copeland, T. Keller, J. Murrin, Valuation: Measuring and Managing the Value of Companies, 3rd Edition, Wiley New York 2000
• A. Dixit and R. Pindyck, Investment under Uncertainty, Princeton University Press, Princeton, NJ 1994
• S. Howell et al., Real Options: Evaluating Corporate Investment Opportunities in a Dynamic World, Prentice Hall 2001.
• J. Mun, Real Options Analysis: Tools and Techniques for Valuing Strategic Investments & Decisions, Wiley, New York 2002
• G. Sick, Capital Budgeting with Real Options, Monograph Series in Finance and Economics, Stern School of Business, New York 1989
• L. Trigeorgis, Real Options: Managerial Flexibility and Stretegy in Resource Allocation, MIT Press, Cambridge, MA 1998

• W.L. Winston and S.C. Albright, Practical Management Science, Duxbury 2001
• S. Savage, Decision Making with Insight, Duxbury 2003