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Uncapacitated Plant Location Under Alternative Spatial Price Policies

Hanjoul, Pierre; Hansen, Pierre; Peeters, Dominique; … - In: Management Science 36 (1990) 1, pp. 41-57

profit of the firm. Three alternative spatial price policies are considered: (i) uniform mill pricing, in which the same … price is charged to the clients at the plant door, (ii) uniform delivered pricing, in which clients pay the same delivered … price irrespective of their locations, and (iii) spatial discriminatory pricing, which is such that the firm sets client …

Persistent link: https://www.econbiz.de/10009191794

Managing the Delivery of Dialysis Therapy: A Multiclass Fluid Model Analysis

Zenios, Stefanos A.; Fuloria, Prashant C. - In: Management Science 46 (2000) 10, pp. 1317-1336

Motivatedby the exceptionally high mortality statistics of dialysis patients and the ongoing debate about the adequacy of the current reimbursement for dialysis in the United States, we pursue a detailed analysis of the dialysis delivery system. The analysis is based on a multiclass fluid model...

Persistent link: https://www.econbiz.de/10009214510

Securitization and Real Investment in Incomplete Markets

Gaur, Vishal; Seshadri, Sridhar; Subrahmanyam, Marti G. - In: Management Science 57 (2011) 12, pp. 2180-2196

We study the impact of financial innovations on real investment decisions within the framework of an incomplete market economy comprised of firms, investors, and an intermediary. The firms face unique investment opportunities that arise in their business operations and can be undertaken at given...

Persistent link: https://www.econbiz.de/10010990477

Option Pricing with Downward-Sloping Demand Curves: The Case of Supply Chain Options

Burnetas, Apostolos; Ritchken, Peter - In: Management Science 51 (2005) 4, pp. 566-580

This article investigates the role of option contracts in a supply chain when the demand curve is downward sloping. We consider call (put) options that provide the retailer with the right to reorder (return) goods at a fixed price. We show that the introduction of option contracts causes the...

Persistent link: https://www.econbiz.de/10009191345

Real Options in Technology Licensing

Ziedonis, Arvids A. - In: Management Science 53 (2007) 10, pp. 1618-1633

This paper examines the use of options contracts by firms acquiring rights to commercialize university technologies. By combining information about the sequence of licensing decisions with characteristics of the firms and technologies involved, I explore factors that shape decisions to purchase...

Persistent link: https://www.econbiz.de/10009191509

Risk Mitigation in Newsvendor Networks: Resource Diversification, Flexibility, Sharing, and Hedging

Mieghem, Jan A. Van - In: Management Science 53 (2007) 8, pp. 1269-1288

This paper studies how judicious resource allocation in networks mitigates risk. Theory is presented for general utility functions and mean-variance formulations and is illustrated with networks featuring resource diversification, flexibility (e.g., inventory substitution), and sharing...

Persistent link: https://www.econbiz.de/10009191555

Integrating Long- and Short-Term Contracting via Business-to-Business Exchanges for Capital-Intensive Industries

Kleindorfer, Paul R.; Wu, D. J. - In: Management Science 49 (2003) 11, pp. 1597-1615

This paper surveys the underlying theory and practice in the use of options in support of emerging business-to-business (B2B) markets. Such options, on both capacity and output, play an important role in integrating long- and short-term contracting between multiple buyers and sellers in such...

Persistent link: https://www.econbiz.de/10009191766

Primal-Dual Simulation Algorithm for Pricing Multidimensional American Options

Andersen, Leif; Broadie, Mark - In: Management Science 50 (2004) 9, pp. 1222-1234

This paper describes a practical algorithm based on Monte Carlo simulation for the pricing of multidimensional American …

Persistent link: https://www.econbiz.de/10009191814

Hybrid Entrepreneurship

Folta, Timothy B.; Delmar, Frédéric; Wennberg, Karl - In: Management Science 56 (2010) 2, pp. 253-269

In contrast to previous efforts to model an individual's movement from wage work into entrepreneurship, we consider that individuals might transition incrementally by retaining their wage job while entering into self-employment. We show that these hybrid entrepreneurs represent a significant...

Persistent link: https://www.econbiz.de/10009192023

Valuing Modularity as a Real Option

Gamba, Andrea; Fusari, Nicola - In: Management Science 55 (2009) 11, pp. 1877-1896

We provide a general valuation approach for capital budgeting decisions involving the modularization in the design of a system. Within the framework developed by Baldwin and Clark (Baldwin, C. Y., K. B. Clark. 2000. Design Rules: The Power of Modularity. MIT Press, Cambridge, MA), we implement a...

Persistent link: https://www.econbiz.de/10009197297