Conference proceeding
A real options design for product outsourcing
WSC'01: PROCEEDINGS OF THE 2001 WINTER SIMULATION CONFERENCE, VOLS 1 AND 2, pp.548-552
2001
DOI: 10.1109/WSC.2001.977337
Abstract
We develop a financial model to assess the option value of outsourcing. We value the real options associated with outsourcing an item using Monte Carlo simulation. This valuation gives decision makers a way to choose the appropriate outsourcing strategy based on an integrated view of market dynamics. A simulation example is used to demonstrate the application of real options to value outsourcing. The simulation program code was written in JavaScript so that the valuation task would be accessible to other users because of its web enabled feature.
Details
- Title: Subtitle
- A real options design for product outsourcing
- Creators
- H B Nembhard - University of Wisconsin–MadisonL U ShiM Aktan
- Contributors
- M W Rohrer (Editor)
- Resource Type
- Conference proceeding
- Publication Details
- WSC'01: PROCEEDINGS OF THE 2001 WINTER SIMULATION CONFERENCE, VOLS 1 AND 2, pp.548-552
- DOI
- 10.1109/WSC.2001.977337
- Language
- English
- Date published
- 2001
- Academic Unit
- Engineering Administration; Industrial and Systems Engineering
- Record Identifier
- 9984232145702771
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