Partial outsourcing: A real options perspective
We apply a real options approach to develop a general characterization of a firm's optimal organizational mode. We find that the optimal threshold for the establishment of (partial) outsourcing is an increasing function of the underlying market uncertainty. Further, we show that increased marke...
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| Veröffentlicht in: | International journal of industrial organization 2007-02, Vol.25 (1), p.91-102 |
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| container_end_page | 102 |
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| container_issue | 1 |
| container_start_page | 91 |
| container_title | International journal of industrial organization |
| container_volume | 25 |
| creator | Alvarez, Luis H.R. Stenbacka, Rune |
| description | We apply a real options approach to develop a general characterization of a firm's optimal organizational mode. We find that the optimal threshold for the establishment of (partial) outsourcing is an increasing function of the underlying market uncertainty. Further, we show that increased market uncertainty induces a higher optimal proportion of outsourced production once the threshold is reached and once this threshold prescribes partial outsourcing. |
| doi_str_mv | 10.1016/j.ijindorg.2006.01.003 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0167-7187 |
| ispartof | International journal of industrial organization, 2007-02, Vol.25 (1), p.91-102 |
| issn | 0167-7187 1873-7986 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_36551160 |
| source | RePEc; Elsevier ScienceDirect Journals |
| subjects | Business management Firm theory Market analysis Modes of production Outsourcing Production mode Real options Real options analysis Service introduction Studies Subcontracting Uncertainty |
| title | Partial outsourcing: A real options perspective |
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