Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network
Abstract
The multinational corporation is a network of activities located in different countries. The value of this network derives from the opportunity to benefit from uncertainty through the coordination of subsidiaries which are geographically dispersed. We model this coordination as the operating flexibility to shift production between two manufacturing plants located in different countries. A stochastic dynamic programming model treats explicitly...
Paper Details
Title
Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network
Published Date
Jan 1, 1994
Journal
Volume
40
Issue
1
Pages
123 - 139
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