Stochastic Capacity Investment and Flexible vs. Dedicated Technology Choice in Imperfect Capital Markets

Stochastic Capacity Investment and Flexible vs. Dedicated Technology Choice in Imperfect Capital Markets

This paper analyzes the impact of endogenous credit terms under capital market imperfections in a capacity investment setting. We model a monopolist firm that decides on its technology choice (flexible versus dedicated) and capacity level under demand uncertainty. Differing from the majority of the...

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Bibliographic Details
Main Authors: BOYABATLI, Onur, TOKTAY, L. Bertil
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
Subjects:
capacity
flexibility
financing
newsvendor
limited liability
market imperfection
Finance and Financial Management
Operations and Supply Chain Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3789
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4789/viewcontent/StochasticCapacityInvestmentFlexvDedicated_2011_pv.pdf
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4789/filename/0/type/additional/viewcontent/boyabatli_toktay_appendix.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/3789
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4789/viewcontent/StochasticCapacityInvestmentFlexvDedicated_2011_pv.pdf
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4789/filename/0/type/additional/viewcontent/boyabatli_toktay_appendix.pdf

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