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| Author: | Nembhard, H. B. Shi, L. Park, C. S. |
| Title: | Real option models for managing manufacturing system changes in the new economy |
| Journal: | Engineering Economist
2000 : VOL. 45:3, p. 232-258 |
| Index terms: | Manufacturing industry Options Electronic commerce R&D |
| Language: | eng |
| Abstract: | The purpose of this paper is to present a framework for manufacturing system changes that will improve operational decision-making. The key elements are to quantify manufacturing changes, develop a real option model, value the options to identify the best scenarios, and integrate them. |
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