haku: @author Mieghem, J. Van / yhteensä: 4
viite: 4 / 4
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| Tekijä: | Mieghem, J. van |
| Otsikko: | Investment strategies for flexible resources |
| Lehti: | Management Science
1998 : AUG, VOL. 44:8, p. 1071-1078 |
| Asiasana: | MANAGEMENT INVESTMENT STRATEGY |
| Kieli: | eng |
| Tiivistelmä: | This article studies optimal investment in flexible manufacturing capacity as a function of product prices (margins), investment costs and multivariate demand uncertainty. The author considers a two-product firm that has the option to invest in product-dedicated resources and/or in a flexible resource that can produce either product, but has to make its investment decision before demands are observed. The flexible resource provides the firm with a hedge against demand uncertainty, but at a higher investment cost than the dedicated resources. |
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