Hedging the Uncertainty of Temporary Worker Demand by Applying the Compound Options on Temporary Workers
Today we are faced with a management environment with minimum profit margin, increasing labor costs, uncertain investment environment, aggressive competitions and constantly changing economic conditions. To cut labor costs and enhance its profit, many businesses have started to use temporary labor in place of official labors. At the same time, these temporary workers evolved from non-technical labors to technical. The so called temporary labors not only helps a business during its business season to attain the appropriate man power, when the economic conditions are down, they are able to assign none technical or portions of technical work to outside labor sources, to decrease costs associated to employing fixed labors. This research not only presents the introduction to compound option on temporary workers but also offers an appropriate evaluation method and provides factual numerical samples to verify the options reasonability and applicability.
Human resource temporary Compound option Human resource temporary compound option
Ying-Chyi Chou Ming-Guan Huang Pao-Long Chang
Corresponding author, Department of Business Administration, Tunghai University, Taiwan Department of Finance and Banking, Shih Chien University, Taiwan Department of Business Administration, Feng Chia University, Taiwan
国际会议
第六届管理学国际会议(Proceedings of ICM2007 the 6th International on Management)
武汉
英文
1122-1125
2007-08-03（万方平台首次上网日期，不代表论文的发表时间）