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A Real Options Logic for Initiating Technology Positioning Investments

✍ Scribed by Rita Gunther McGrath

Book ID
118123951
Publisher
Academy of Management
Year
1997
Tongue
English
Weight
406 KB
Volume
22
Category
Article
ISSN
0363-7425

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✍ Sudipto Sarkar πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 190 KB

## Abstract Excess capacity is expensive, yet persistent excess capacity is widely observed in the corporate sector. Using a real‐option approach to capacity planning, this paper shows that under certain conditions it is optimal to invest in long‐term (even permanent) excess capacity. This results