منابع مشابه
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Investments in cost reductions are critical for the long run success of companies that operate in dynamic and stochastic market environments. This paper studies optimal investment in cost reductions as a real option under the assumption that a single firm faces two different sources of risk, stochastic demand and input prices. We derive optimal investment strategies for a monopoly as well as a ...
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My answer to the question—Is “supply-side economics” enough?— is simply that it is both too much and too little. This paper will elaborate the sense in which “supply-side economics” is an exaggerated answerto current economic problems, and the sense in which it falls short of providing an adequate solution to our economic ills. I shall contend that “supply-side economics,” as defined by the med...
متن کاملSupply chain networks, electronic commerce, and supply side and demand side risk
Abstract: In this paper, we develop a supply chain network model in which both physical and electronic transactions are allowed and in which supply side risk as well as demand side risk are included in the formulation. The model consists of three tiers of decision-makers: the manufacturers, the distributors, and the retailers, with the demands associated with the retail outlets being random. We...
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ژورنال
عنوان ژورنال: Economic & Labour Market Review
سال: 2008
ISSN: 1751-8326
DOI: 10.1057/elmr.2008.155