Capacity Reservation for Capital-intensive Technologies
Subtitle: An Options Approach (Lecture Notes in Economics and Mathematical Systems)
Edition: 1 edition
Publisher: Springer
Published: March 10, 2003
Language: eng
Format: Paperback
Number of pages: 139
ISBN-13: 9783540002871
Subjects: Economics; Mathematics; Options (Finance); General; Technology; Futures And Options Trading; Business / Economics / Finance; Mathematical Models; Science/Mathematics; Management Science; Investments & Securities - Futures; Economics - General; Business & Economics / Operations Research; Business & Economics-Economics - General; Medical-General; Valuation; Engineering - Industrial; Management Information Systems
First sentence: When we consider the environment and the nature of business relationships between trading partners in, say, high-tech industries, either on a contractual basis or as market participants, the following characteristics are almost omnipresent: Firstly, there is a substantial amount of exogenous risk involved, such as demand or price uncertainty.