News & Events  

February 10, 2005, London – UK,

Making Decisions on S&T Investment: A Role for Real Options?

COUNCIL FOR SCIENCE AND TECHNOLOGY

MAKING DECISIONS ON S&T INVESTMENT: A ROLE FOR REAL OPTIONS?

Thursday 10 February 2005

Reading Room, British Academy, 10 Carlton House Terrace, London, SW1Y 5AH

PROGRAMME

09.45       Coffee available

10.00       Welcome, introductions, purpose.  Alan Hughes and Hermann Hauser, Council for Science and Technology                                                                                                            

10.15                                                                                                                                       Investment decision making in the context of the ten-year framework: A DTI perspective on the potential role for real options analysis in government.  Mark Beatson, Department of Trade and Industry.

10.30       Perspectives 1: Real options and other methods of decision analysis in practice.  Professor Lenos Trigeorgis, School of Economics and Management, University of Cyprus.

10.45       Perspectives 2: Real options analysis in business and the Foresight programme.  Professor Will Stewart, Chair of Innos and resident expert on the Foresight Exploiting the Electromagnetic Spectrum project.

11.00       Coffee

11.15       Perspectives 3: Potential uses of real options analysis in technology investment decisions. Professor Stefan Scholtes, Judge Institute of Management, University of Cambridge.

11.30      Facilitated discussion: to explore what real options techniques could offer in the public sector context.  See ‘issues to be explored’ overleaf.

13.00       Lunch

13.45       Feedback from Facilitator/Discussion

15.00       Close