206
Views
14
CrossRef citations to date
0
Altmetric
Article

Volume flexibility and capacity investment: a real options approach

, &
Pages 1633-1646 | Received 16 Sep 2015, Accepted 31 Jan 2017, Published online: 15 Feb 2018

References

  • AdkinsRPaxsonDReal input-output energy-switching optionsJournal of Energy Markets20125332210.21314/JEM.2012.076
  • AguerrevereFLEquilibrium investment strategies and output price behavior: A real-options approachReview of Financial Studies20031641239127210.1093/rfs/hhg041
  • AnupindiRJiangLCapacity investment under postponement strategies, market competition, and demand uncertaintyManagement Science200854111876189010.1287/mnsc.1080.0940
  • Bar-IlanAStrangeWCThe timing and intensity of investmentJournal of Macroeconomics1999211577710.1016/S0164-0704(99)00090-7
  • BrennanMJSchwartzESDeterminants of gnma mortgage pricesReal Estate Economics198513320922810.1111/1540-6229.00351
  • ChodJRudiNResource flexibility with responsive pricingOperations Research200553353254810.1287/opre.1040.0191
  • DanglTInvestment and capacity choice under uncertain demandEuropean Journal of Operational Research1999117341542810.1016/S0377-2217(98)00274-4
  • DixitAKPindyckRSInvestment under Uncertainty1994PrincetonPrinceton University Press
  • FontesDBFixed versus flexible production systems: A real options analysisEuropean Journal of Operational Research2008188116918410.1016/j.ejor.2007.04.001
  • HagspielVHuismanKJKortPMVolume flexibility and capacity investment under demand uncertaintyInternational Journal of Production Economics20161789510810.1016/j.ijpe.2016.05.007
  • HeHPindyckRSInvestments in flexible production capacityJournal of Economic Dynamics and Control199216357559910.1016/0165-1889(92)90050-O
  • HuismanKJKortPMStrategic capacity investment under uncertaintyThe RAND Journal of Economics201546237640810.1111/1756-2171.12089
  • ManneASCapacity expansion and probabilistic growthEconometrica196129463264910.2307/1911809
  • McDonaldRLSiegelDRInvestment and the valuation of firms when there is an option to shut downInternational Economic Review198526233134910.2307/2526587
  • PindyckRSIrreversible investment, capacity choice, and the value of the firmAmerican Economic Review198878596985
  • SethiAKSethiSPFlexibility in manufacturing: a surveyInternational Journal of Flexible Manufacturing Systems19902428932810.1007/BF00186471
  • ShibataTNishiharaMInvestment-based financing constraints and debt renegotiationJournal of Banking & Finance201551799210.1016/j.jbankfin.2014.11.005
  • Statista (2015). Global pc shipments from 1st quarter 2009 to 2nd quarter 2015, by vendor (in million units). http://www.statista.com/statistics/263393/global-pc-shipments-since-1st-quarter-2009-by-vendor/, [Online; accessed 9-September-2015].
  • TrigeorgisLReal options: Managerial Flexibility and Strategy in Resource Allocation1996CambridgeMIT Press
  • MieghemJADadaMPrice versus production postponement: Capacity and competitionManagement Science199945121639164910.1287/mnsc.45.12.1631
  • Wu J (2007). Capacity Preemption and Leadership Contest in a Market with Uncertainty. Tech. rep., working paper, University of Arizona, Tucson, Arizona, The United States of America.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.