Journal of Applied Corporate Finance

In his article Triantis (2005) asks; does theory meet practice in real options applications? What is your view of the distance between real option theory and practical applications? Does the approach to real option valuation outlined in Mathews et. al. (2007) help to reduce the distance between theory and practice? Triantis, A. (2005). Realizing the potential of real options: does theory meet practice?.