期刊名称：International Journal of Real Options and Strategy
电子版ISSN：2186-4667
出版年度：2013
卷号：1
页码：17-27
DOI：10.12949/ijros.1.17
语种：English
出版社：日本リアルオプション学会
摘要：In this paper, we formulate the investment of a firm in a production facility with maximum capacity and outsourcing strategy. Previous research on capacity selection has resulted in explosive capacity and long delay in investment. The possibility that a firm will install a facility with an explosive capacity is slight, and firms can generally outsource production when the demand exceeds the capacity of a facility. The outsourcing strategy is expected to inhibit capacity, accelerate investment, and increase value. In this paper, we simultaneously investigate the optimal investment timing, the size of a facility, and the outsourcing strategy.
