search query: @author Mieghem, J. Van / total: 4
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| Author: | Mieghem, J. Van Dada, M. |
| Title: | Price versus production postponement: capacity and competition |
| Journal: | Management Science
1999 : DEC, VOL. 45:12, p. 1631-1649 |
| Index terms: | PRICES PRODUCTION CAPACITY |
| Language: | eng |
| Abstract: | This article presents a comparative analysis of possible postponement strategies in a two-stage decision model where firms make three decisions: capacity investment, production (inventory) quantity, and price. Typically, investments are made while the demand curve is uncertain. The strategies differ in the timing of the operational decisions relative to the realization of uncertainty. The authors show how competition, uncertainty, and the timing of operational decisions influence the strategic investment decision of the firm and its value. |
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