Lecture Notes in Economics and Mathematical Systems

Capacity Reservation for Capital-intensive Technologies

An Options Approach

Authors: Spinler, Stefan

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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 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 facilitated by a new breed of B2B exchanges, represents an opportunity for further improving supply chain performance and capital asset productivity.

Table of contents (5 chapters)

Table of contents (5 chapters)

Buy this book

eBook 67,40 €
price for Spain (gross)
  • ISBN 978-3-642-19006-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover 83,19 €
price for Spain (gross)
  • ISBN 978-3-540-00287-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Capacity Reservation for Capital-intensive Technologies
Book Subtitle
An Options Approach
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
525
Copyright
2003
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-19006-3
DOI
10.1007/978-3-642-19006-3
Softcover ISBN
978-3-540-00287-1
Series ISSN
0075-8442
Edition Number
1
Number of Pages
XVI, 143
Topics