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Sequential International Joint-Ventures and the Option to Choose
Lukas, Elmar - EconWPA - 2005
and flexibility related to a MNEs investment decision gives further insights to the expansion, dissolvement, and optimal …
Persistent link: https://www.econbiz.de/10005125492
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Modeling the transitional dynamics of international joint venture policies: An option pricing approach
Lukas, Elmar - In: International Review of Economics & Finance 27 (2013) C, pp. 21-36
Real option analysis has been applied to strategies of market entry and global expansion, predominantly in combination with the formation of alliances and joint ventures. Albeit joint venturing based on option pricing theory is studied in both disciplines, financial economics and international...
Persistent link: https://www.econbiz.de/10010664314
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Project understanding, planning, flexibility of management action and construction time performance: two Australian case studies
Walker, Derek; Shen, Yue - In: Construction Management and Economics 20 (2002) 1, pp. 31-44
Construction time performance (CTP) and flexibility in approaches to project time planning have been shown to be … significantly associated. This raises interesting questions about how effective planning and control to facilitate flexibility in … overcoming unexpected problems may be achieved. Case study data were used to explore links between planning and flexibility. This …
Persistent link: https://www.econbiz.de/10005141070
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Investment Decision in a Broadband Internet Network: A Real Options Approach
KRYCHOWSKI, Charlotte - In: Communications & Strategies 1 (2008) 70, pp. 67-88
This article is a case study analysing the decision of a telecommunications operator to roll out ADSL infrastructures in areas of low population density. This type of investment is characterized by the risk of committing significant sunk costs for a low number of potential subscribers. In...
Persistent link: https://www.econbiz.de/10008511714
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Incorporating technical risk in compound real option models to value a pharmaceutical R&D licensing opportunity
Cassimon, D.; De Backer, M.; Engelen, P.J.; Van Wouwe, M.; … - In: Research Policy 40 (2011) 9, pp. 1200-1216
The valuation of multi-staged pharmaceutical R&D can be interpreted as a chain of real options. In valuing these compound option models, a crucial problem is how to deal with the different types of risk. Previous models, such as Cassimon et al. (2004), offer a closed-form solution for the...
Persistent link: https://www.econbiz.de/10010572681
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Applying real options to IT investment evaluation: The case of radio frequency identification (RFID) technology in the supply chain
Dimakopoulou, Andriana G.; Pramatari, Katerina C.; … - In: International Journal of Production Economics 156 (2014) C, pp. 191-207
Due to the high levels of flexibility and uncertainty associated with the deployment of RFID technology in the supply …
Persistent link: https://www.econbiz.de/10011043207
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Investing in Biogas: Timing, Technological Choice and the Value of Flexibility from Inputs Mix
Corato, Luca Di; Moretto, Michele - CESifo - 2009
flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved …
Persistent link: https://www.econbiz.de/10005013066
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Revenue Management of Flexible Products
Gallego, Guillermo; Phillips, Robert - In: Manufacturing & Service Operations Management 6 (2004) 4, pp. 321-337
A flexible product is a menu of two or more alternative, typically substitute, products offered by a constrained supplier using a sales or booking process. The supplier reserves the right to assign customers who purchase a flexible product to one of the alternatives at a time near the end of the...
Persistent link: https://www.econbiz.de/10009218524
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Coordination and Flexibility in Supply Contracts with Options
Barnes-Schuster, Dawn; Bassok, Yehuda; Anupindi, Ravi - In: Manufacturing & Service Operations Management 4 (2002) 3, pp. 171-207
-period model with correlated demand, we illustrate how options provide flexibility to a buyer to respond to market changes in the …
Persistent link: https://www.econbiz.de/10009218773
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Flexible Waste Management under Uncertainty
Corato, Luca Di; Montinari, Natalia - Fondazione ENI Enrico Mattei (FEEM) - 2013
In this paper, we use stochastic dynamic programming to model the choice of a municipality which has to design an optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality can, by undertaking an irreversible investment, adopt a...
Persistent link: https://www.econbiz.de/10010833944