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The Automotive Development Process: A Real Options Analysis

โœ Scribed by Daniel Sรถrensen


Publisher
Deutscher Universitรคtsverlag
Year
2006
Tongue
English
Leaves
241
Category
Library

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โœฆ 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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