James H. Alleman is currently an Associate Professor for the Interdisciplinary Telecommunications Program at the University of Colorado. In addition he is involved in research projects at the Columbia Institute of Tele-Information (CITI). Dr. Alleman was previously the Director of the International Center for Telecommunications Management at the University of Nebraska at Omaha, Director of Policy Research for GTE, and an economist for the International Telecommunication Union. He has condu cted research in the area of telecommunications policy, with emphasis on pricing, costing and regulation as well as on international telephony settlements, telecommunications in the infrastructure and related areas. More recently he has been researching the application of real options valuation techniques to cost modelling. Dr. Alleman founded Paragon Service International, Inc., a telecommunications call back firm and he has been granted patents (numbers 5,883,964 & 6,035,027) on the call back process widely used by the industry.