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 ...

One of industry’s leading real options practitioners came upon the methodology accidentally. “We thought we were practicing supply chain management,” says Corey Billington, vice president for supply ...