Conference proceeding
Supply chain modeling: a real options design for product outsourcing
Proceedings of the 33nd conference on winter simulation, pp.548-552
WSC '01
12/09/2001
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
- Supply chain modeling: a real options design for product outsourcing
- Creators
- Harriet NembhardLeyuan ShiMehmet Aktan
- Resource Type
- Conference proceeding
- Publication Details
- Proceedings of the 33nd conference on winter simulation, pp.548-552
- Publisher
- IEEE Computer Society
- Series
- WSC '01
- Language
- English
- Date published
- 12/09/2001
- Academic Unit
- Engineering Administration; Industrial and Systems Engineering
- Record Identifier
- 9984121864802771
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