Managing Operational Flexibility in Investment Decisions: The Case of Intel
Significant attention has been paid to how real options analysis can help in "valuing" operating flexibility when making major capital investment decisions. But there has been far less study of how to "manage" such flexibility, particularly in cases where a decision to defer, contract, or expand any one investment program affects a range of other programs, including those outside the firm. Such interrelated investments are increasingly common in a "connected" economy where products and technologies are designed across firms and industries. 2005 Morgan Stanley.
Year of publication: |
2005
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Authors: | Miller, Peter ; O'Leary, Ted |
Published in: |
Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 17.2005, 2, p. 87-93
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Publisher: |
Morgan Stanley |
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