In the field of operations management, manufacturing flexibility has been the subject of
much academic enquiry. Moreover, the need for this fundamental characteristic has never …

Purpose–While the concept of supply chain responsiveness (SCR) has received
considerable attention in the operations management literature, mostly under the auspices …

In order to remain competitive in the market, firms are forced to expand their product
offerings and offer high levels of customization, bringing about high uncertainty in their …

Comprehensive in scope, Real Options reviews current techniques of capital budgeting and
details an approach (based on the pricing of options) that provides a means of quantifying …

This article is an attempt to survey the vast literature on flexibility in manufacturing that has
accumulated over the last 10 to 20 years. The survey begins with a brief review of the …

This article serves two main purposes. First, it aims to provide a comprehensive overview of
the existing real options literature and applications, as well as to present practically useful …

Strategy research consists of a balance between positive and normative theory. Normative
theories suggest particular heuristics, or cognitive representations, to find appropriate …

Transaction cost economics, neoclassical economics, and the firm capabilities literatures
propose theories of the firm that typically depict firm boundaries determined by a …

Real options in capital investment Page 2 Real Options in Capital Investment Page 3 This
page intentionally left blank Page 4 Real Options in Capital Investment Models, Strategies …

The author studies the topical issue of flexible manufacturing system (FMS) justification. He
contends that current evaluation methods fall short of capturing a key advantage of an FMS …