Build to order and entry exit strategies under exchange rate uncertainty

Chia sẻ: Tuong Vi | Ngày: | Loại File: PDF | Số trang:16

0
12
lượt xem
1
download

Build to order and entry exit strategies under exchange rate uncertainty

Mô tả tài liệu
  Download Vui lòng tải xuống để xem tài liệu đầy đủ

Under uncertainty of exchange rate, we extend the build to order production model of Lin et al. (2002) by considering the export-oriented manufacturer to make decisions to switch production location freely between domestic and foreign ones. When we transfer the production location from domestic (foreign) to foreign (domestic), and the production location transferring cost and the drift of real exchange rate are both equal to zero, then the optimal entry and exit threshold value of Cobb-Douglas production function are equal, no matter whether we use real options or net present value method.

Chủ đề:
Lưu

Nội dung Text: Build to order and entry exit strategies under exchange rate uncertainty

CÓ THỂ BẠN MUỐN DOWNLOAD

Đồng bộ tài khoản