haku: @author Cohen, M. / yhteensä: 15
viite: 5 / 15
| Tekijä: | Huchzermeier, A. Cohen, M. |
| Otsikko: | Valuing operational flexibility under exchange rate risk |
| Lehti: | Operations Research
1996 : JAN-FEB, VOL. 44:1, p. 100-113 |
| Asiasana: | OPERATIONAL RESEARCH QUALITY MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the authors develop a stochastic dynamic programming formulation for the valuation of global manufacturing strategy options with switching costs. Overall, they adopt a hierarchical approach. First, exchange rates are modelled as stochastic diffusion processes that exhibit intercountry correlation. Second, the firm's global manufacturing strategy determines options for alternative product designs as well as supply chain network designs. Product options introduce international supply flexibility. |
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