Capacity reservation for capital-intensive technologies : an options approach / Stefan Spinler.

Format:

Book

Author/Creator:

Spinler, Stefan, 1970-

Contributor:

Edith E. Clark Endowment Fund.

Series:

Lecture notes in economics and mathematical systems 0075-8450 ; 525.

Lecture notes in economics and mathematical systems, 0075-8450 ; 525

Language:

English

Subjects (All):

Options (Finance)--Valuation--Mathematical models.

Options (Finance).

Physical Description:

xvi, 138 pages : illustrations ; 24 cm.

Place of Publication:

Berlin ; New York : Springer, [2003]

Summary:

This book addresses two key issues of central importance in emerging electronic markets: first, improved coordination of supply and demand through options / forward contracts on output and capacity, and second the integration of such contracting methods with B2B exchanges and electronic markets. The book provides both a thorough review and synthesis of the growing literature in these areas as well extending this literature to accommodate state-dependent demand and contracting. The latter is an important issue since the spot markets for many markets, e.g. energy, are fundamentally conditioned on such variables as temperature, and therefore these "states" need to be accomodated in the underlying theory of financial instruments supporting such contracting. A discussion of emerging applications in logistics, energy, chemicals and e-manufacturing illustrate the importance of the subject matter.

Notes:

Includes bibliographical references (pages 125-132) and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Edith E. Clark Endowment Fund.

ISBN:

3540002871

OCLC:

51242069