Decision Making of Strategic Investment in Relation to Competition and Two Stages
The paper imports competition into deciding of strategic investment of two stages, using the method of real option game, and analyzes how enterprise makes its decisions when competition appears. The result opens out: enterprise has no impetus to develop new technology when they face competition from opponent in producing period; otherwise, they have the impetus. Furthermore, if they cooperate in stage of research, both their income will increase remarkably according to using flexible value in terms of uncertainty. The conclusion is very helpful to understanding principle of deciding of strategic investment in some industry such as high-tech.
strategic investment real option option game
Haiyuan Yin Jie Xu
International Business School Shaanxi Normal University Xian Shaanxi,710062, China
国际会议
昆明、丽江
英文
366-369
2011-04-15（万方平台首次上网日期，不代表论文的发表时间）