[PDF.15lc] Capacity Reservation for Capital-intensive Technologies: An Options Approach (Lecture Notes in Economics and Mathematical Systems)

Capacity Reservation for Capital-intensive Technologies: An Options Approach (Lecture Notes in Economics and Mathematical Systems)

[PDF.pg51] Capacity Reservation for Capital-intensive Technologies: An Options Approach (Lecture Notes in Economics and Mathematical Systems)

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 | #4137808 in eBooks |  2012-12-06 |  2012-12-06 | File type: PDF

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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 f...

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