The global automotive industry is currently undergoing significant changes and the companies are not only faced with opportunities, but also with new risks. Traditional automotive industry giants are fighting to maintain their market share and their profitability, and at the same time Asian automot
The Automotive Development Process: A Real Options Analysis
โ Scribed by Daniel Sรถrensen
- Publisher
- Deutscher Universitรคtsverlag
- Year
- 2006
- Tongue
- English
- Leaves
- 241
- Category
- Library
No coin nor oath required. For personal study only.
โฆ Synopsis
Motivated by Toyota's product development capabilities, Daniel Sรถrensen examines the question of how much to invest in pursuing parallel design alternatives. A real option to switch is modeled accounting for interproject correlations. Based upon economic theory, five principles for value-maximizing the product development process are presented.
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