書(shū)目名稱(chēng) | Capacity Reservation for Capital-intensive Technologies |
副標(biāo)題 | An Options Approach |
編輯 | Stefan Spinler |
視頻video | http://file.papertrans.cn/222/221375/221375.mp4 |
叢書(shū)名稱(chēng) | Lecture Notes in Economics and Mathematical Systems |
圖書(shū)封面 |  |
描述 | Arguably the central problem in operations research and management science (OR/MS) addressed by e-Business is better coordination of supply and de- mand, including price discovery and reduction of transactions costs of buyer- seller interactions. In capital-intensive industries like chemicals and steel, the out-of-pocket costs of excess capacity and the opportunity costs of underuti- lized capacity have been important factors driving the growth of exchanges for improving demand and supply coordination through e-Business platforms. Stefan Spinler addresses in his dissertation one of the most interesting aspects of this evolution for OR/MS, the parallel development of long-term and short-term markets for capacity and output, accompanied by a range of exotic options and forwards as the basic mechanisms supporting transac- tions. This is a fascinating research topic because it builds on the powerful framework of real options, while connecting directly to key operations deci- sions (capacity planning, staffing, maintenance, and so forth) of the plants and technologies whose output is the focus of contracts. From the perspec- tive of practice, the use of these contracting mechanisms, as |
出版日期 | Book 2003 |
關(guān)鍵詞 | B2B e-markets; Long-term Contract; Option of Capacity; Risk-hedging; Spot Market; hedging; valuation; varia |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-642-19006-3 |
isbn_softcover | 978-3-540-00287-1 |
isbn_ebook | 978-3-642-19006-3Series ISSN 0075-8442 Series E-ISSN 2196-9957 |
issn_series | 0075-8442 |
copyright | Springer-Verlag Berlin Heidelberg 2003 |