A new book on the pay-off method by Mikael Collan called: “The Pay-Off Method: Re-Inventing Investment Analysis – With numerical application examples from different industries.” is out and available at the Createspace on-line store ! The book will be soon be available also on Amazon.com and Amazon’s European on-line book stores.
This is the first book published on the pay-off method and on how it can be used in supporting investment decision-making. It is a managerial book that is good for teaching purposes as well. It is not an academically written work.
The description of the book from the publisher’s site goes as follows:
“Businesses and managers everywhere are finding out that using the classical investment analysis methods is not enough to cover their need for smart decision-support for high risk, hard to estimate investments under vague information, such as investments into R&D, IPR, and any other strategic projects and assets.
This book introduces the pay-off method and shows how the method can enhance investment analysis and decision-support in a profound way. The pay-off method and a selection of tools within the pay-off method arsenal, including real option valuation, are simple to use, transparent, no-nonsense, and intuitive to understand.
This book explains the pay-off method in detail and shows with many numerical easy-to-follow examples how the method can be applied in real-world decision-making in different industries. This book shows also how decision-making can be enhanced by visualizing imprecision and how real option valuation can be performed simply. All method presented are easily implementable with the most commonly used spread-sheet software.
The pay-off method is a clear continuation to where the “old” investment analysis methods usually leave uss off and gives you a chance to better plan and to understand your investments. After having read this book you will never be the same decision-maker again, but you will know what information to require for better investment decision-making.”
Link to the book page at Createspace.com