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Technology search investments: evolutionary, option reasoning, and option pricing approaches
How do firms allocate limited search resources among substituting technologies with uncertain prospects? This paper contrasts three different approaches. The first follows evolutionary theorists' portrayals of decision-making processes under bounded rationality. The second approach - real option reasoning - fosters flexibility by investing in more than one technology and postponing the decision to specialize. Following the third approach - real option pricing - firms base their search investments on forward-looking calculations of technology option prices. We lay out the contrasting theoretical assumptions behind each of these three approaches and construct a simulation model to compare their implications..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : John Wiley & Sons |
|---|---|
| Edisi | - |
| Subjek | Strategic management Mathematical models Comparative analysis Technology Simulation Real options analysis studies Capital intensive industries |
| ISBN/ISSN | 1432095 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |