The aim of this article is the comparison of mutually exclusive special orders/contracts of different duration under uncertainty. Part 1, states the problem of comparing mutually exclusive orders and comments on existing methods found in literature. Part 2 describes our proposed methodology...

This paper extends the current class of managerial decision rules appropriate for selecting a multiproduct firm's profit maximising product mix in the presence of a limiting factor of production by developing an approach based upon real options. The analysis makes several contributions. The...

The paper analyses empirically the time-varying properties of the spread between voyage and time-charter rates and presents evidence that these properties are directly related to the business cycle (market demand) of the maritime industry, to the expectations for the future market demand and to...

The study empirically analyses the time-varying properties of the spread between voyage and time-charter rates and presents evidence that these properties are directly related to the business cycle (market demand) of the maritime industry, to the expectations for the future market demand and to...

In this study, we propose that companies strategically choose to pursue projects of certain duration according to the fluctuations in market demand conditions. During a market upturn, when more business opportunities are available, companies choose short projects, committing thus their resources...

A combination of major reform of the Arbitration Ordinance on 27 June 1997 and China's resumption of sovereignty over Hong Kong on 1 July 1997 resulted in an unfortunate hiatus in the summary enforcement in Hong Kong of arbitral awards from Mainland China and Taiwan. Enforcement in the SAR of...