Manufacturing flexibility and real options: A review

International Journal of Production Economics

Volumn 74, Issue 1-3, 2001, Pages 213-224

  Bengtsson, Jens ^a  

^a LINKÖPING INSTITUTE OF TECHNOLOGY   (Sweden)

Author keywords

Capital budgeting; Manufacturing flexibility; Production management; Real options

Indexed keywords

BUDGET CONTROL; OPERATIONS RESEARCH; PRODUCTION;

CAPITAL BUDGETING;

FLEXIBLE MANUFACTURING SYSTEMS;

EID: 0035546137     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0925-5273(01)00128-1     Document Type: Article

References (30)

1. The pricing of option and corporate liabilities
2. Theory of rational option pricing
3. Flexibility in manufacturing: A survey
4. Classification of flexible manufacturing systems
5. Flexibility of manufacturing systems: Concepts and measurements
6. Valuing the flexibility of flexible manufacturing system
7. The value of flexibility: A general model of real options
8. The value of an option to exchange one asset for another
9. Investment and the valuation of firms when there is an option to shut down
10. The valuation of American exchange options with application to real options
11. Valuing flexibility as a complex option
12. A capital budgeting model for product-mix flexibility
13. Options on the minimum or maximum of two risky assets: Analysis and application
14. Options on the maximum or the minimum of several assets
15. Multiproduct manufacturing with stochastic input prices and output yield uncertainty
16. Capital budgeting for volume flexible equipment
17. Irreversible investment, capacity choice, and the value of the firm
18. Investment in flexible production capacity
19. Time to build, option value, and investment decisions
20. The nature of option interactions and the valuation of investments with multiple real options
21. A log-transformed binomial numerical analysis method for valuing complex multi-option investment
22. Operating flexibilities in capital budgeting: Substitutability and complementarity in real options
23. Evaluating natural resource investments
24. The value of waiting to invest
25. Abandonment value and project life