Real option valuation (ROV) is the application of option pricing methods to the valuation of investments such as R&D, new drugs, mineral rights, and patents as opposed to financial assets. ROV is gaining ground over traditional valuation approaches. Although it took over two decades for discounted cash flow to take hold in corporate finance, some believe real option analysis will replace NPV as the central paradigm for investment decisions in the next ten years. This advanced valuation workshop extends/complements typical valuation analyses with Real Options analysis. This workshop will highlight the shortcomings of traditional valuation approaches and offer analytics to complement and extend tradtional analysis. Participants will be guided through the business case for the use of real options and gain a working knowledge of the basics of real option theory and the real option solution process and methodology. This is a hands-on workshop with case studies and exercises. This workshop builds on the Monte Carlo simulation workshop, but is not a requirement for enrollment. Instructors: Kevin P. Couillard, ASA and Dave Ewert, Ph.D. Level: Advanced