Analysis of ERP Ⅱ Implementing Option Problem with Asymmetric Information
The ERP Ⅱ implementing options are enlargement of the financial options. Its essence is object item investment and policy decision of management. In this paper ERP Ⅱ implementing option functions of dient and vendor are described. The optimization investment policy decision of the ERP Ⅱ implementing option has been analyzed under different information conditions. The vendor of ERP Ⅱ implementing options hides implementing evaluation level information under asymmetry information. It is a principal-agent problem having adverse selection. This paper designed that objective function is taken at the biggest mathematical expectation value of investment profit. The optimization control of state equation is taken at implementing control cost and evaluation level. Using maximal principle the found solution scheme of ERP Ⅱ implementing options optimization controlling cost and evaluation level has been derived. Finally, the simulation experiment in ERP Ⅱ implementing options was made. The analysis result of ERP Ⅱ implementing options is verified.
ERP Ⅱ implementing options asymmetry information option evaluation level principal-agent
Wang Lina Keon Milis
School of Economics & Management Liaoning University of Technology Jinzhou, 121001, Liaoning Provinc EHSA L Research Center o f HUB Stormstraat 2, 1000 Brussels, Belgium
国际会议
北京
英文
312-316
2009-07-24（万方平台首次上网日期，不代表论文的发表时间）