The objective of this paper is to transfer the real options valuation approach to investments in organizational resources and capabilities which have been exten-sively discussed within the resource-based approach of strategic management. The paper starts with the analysis of fundamental...

Recycling waste from used goods can substitute for scarce raw materials and reduce resource dependence. This paper presents a model of waste collection, recycling and final goods production using raw and recycled materials. Non-recycled waste must be safely stored by landfill to avoid...