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題名:國外生產據點之進出決策模式-實質選擇權方法之應用
作者:吳政儒
作者(外文):Jeng-Ru Wu
校院名稱:銘傳大學
系所名稱:管理科學研究所博士班
指導教授:林進財
學位類別:博士
出版日期:2004
主題關鍵詞:國外生產據點選擇策略批量生產進入與退出實質選擇權實質匯率不確定性choice of foreign productions strategyreal optionsuncertainty of real exchange rateentry/exitbatch process
原始連結:連回原系統網址new window
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本文考慮實質匯率不確定性下,推廣Abel (1983)之Cobb-Douglas型生產函數模式,及應用Dixit (1989)實質選擇權方法探討廠商進入與退出之決策模式,建立新的一次齊次生產函數之一般化生產據點自由移轉評估模式,考慮廠商於批量生產模式中,選擇最適生產據點之決策法則。本文針對廠商處於實質匯率依循幾何布朗運動變動下,求出移轉生產據點之最適門檻值、證明相關性質及敏感度分析,研究結果可提供廠商決策者擬定生產據點移轉政策之參考。
We extend Cobb-Douglas production function with Abel’s (1983) model, and refer real options approach for entry-exit decision making with Dixit’s (1989) model under uncertainty of real exchange rate. The first order of degree homothetic production functions for producing general form is considered by the making rule of decision in the developed model. We attempt to formulate the real options approach for valuing the behavior of transferable location freely. Also we look for closed form solution of the upper and lowered bounded threshold value, sensitive analysis, and some of characteristics to prove under optimal production strategy, it provides decision maker for another way of thinking.
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