Marco A. G. Dias
Petrobras and PUC-Rio, Brazil
Marco A.G. Dias is Master Consultant (internal) and Senior Petroleum Engineer at Petrobras, the largest Brazilian company listed in NYSE. Dr. Dias is also Adjunct Professor of Finance (part-time) at PUC-Rio where he teaches real options and real option games graduate courses. Marco Dias gave lectures/seminars/short courses at other academic institutions, such as MIT, Unicamp, IMPA and UFRJ. He holds Master’s and Doctor’s degrees from PUC-Rio. Dr. Dias published numerous articles on real options and real options games in journals and books. His publication of a textbook on real options is expected in 2014.
Dr. Marco Dias is honored in recognition for his significant contributions in the propagation of real options knowledge and the application of real options at Petrobras and in Brazil --the latter representing the company and country with one of the richest real options adoption (behind the US). In 1995 Marco Dias created the first website dedicated to propagation of real options knowledge (www.puc-rio.br/marco.ind/). Since 1996 Dr. Dias has trained and taught hundreds of Petrobras employees (via Petrobras University) various courses on real options, game theory, and the value of information (learning real options). At Petrobras, Dr. Dias has developed and applied various real options models since 1996. Dr. Dias was co-coordinator of a research program (named Pravap-14) involving several real options projects in partnership with Brazilian universities. Dr. Dias also led several Petrobras partnership projects involving real options with Mines ParisTech (former École des Mines de Paris). One application became the subject of public debate and was instrumental for the Brazilian government changing the terms (duration) for the exploration phase in concession contracts in Brazil in 1999. To date, Dr. Dias continues to develop real options applications at Petrobras, including a model for pricing options in long-term contracts on real assets.
Dr. Dias has also been a Corporate Advisor with the Real Options Group.
Lenos Trigeorgis
Lenos Trigeorgis is Professor of Finance at King’s College, University of London, and is the Bank of Cyprus Chair Professor of Finance at the University of Cyprus. He previously taught at leading international universities, including Boston University, the University of Chicago, Columbia University, MIT, the University of California at Berkeley, and the London Business School. Professor Trigeorgis has earned a doctorate in Business Administration from Harvard University in 1986. He published widely in numerous journals on corporate finance, resource allocation, competition and strategy, financial risk and distress and numerous other topics. Professor Trigeorgis is considered a leading authority on capital budgeting and strategy, having pioneered the field of real options (Wikipedia). His many influential books have been published by MIT Press, Princeton University Press, Oxford University Press, Cambridge University Press and others. His first book, “Real Options” (MIT Press, 1996), is considered path-breaking and contributed critically in the creation, development, acceptance and application of real options. His book “Strategic Investment” (Princeton University Press, 2004), was rewarded by the Association of American Publishers (AAP) as the best book in Business, Management & Accounting. Professor Trigeorgis is the organizer of the Annual International Conference on Real Options (now in its 18th year) and is President of the reputable Real Options Group. He has consulted with leading organizations, including McKinsey & Co., Ernst & Young, Accenture, Deutsche Bank, Morgan Stanley, and the US and UK governments.