Location Choices Under Quality Uncertainty PDF Download

Author: Charalambos Christou
Publisher:
ISBN:
Category : Industrial location
Languages : en
Pages : 26

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Author: Mzamo Mangaliso
Publisher:
ISBN: 9780761850885
Category : Social Science
Languages : en
Pages : 0

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"Written by a scholar who was there...This is a must read for insights on the effectiveness of international sanctions and investor activism."---Chuck Lacy, president. The Barred Rock Fund, and former president. Ben & Jerry's --

Author: Juan Alcácer
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

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Book Description
The literature on location choices has mostly emphasized the impact of location and firm characteristics. However, most industries with a significant presence of multi-location firms are oligopolistic in nature, which suggests that strategic interaction among firms plays an important role in firms' decision-making processes. This paper explores how strategic interaction among competitors affects firms' geographic expansion across time and markets. Specifically, we build a model in which two firms that differ in their capabilities enter sequentially into two markets with different potentials for profit. The model is solved using game theory under three learning scenarios that capture the ability of a firm to transfer its capabilities across markets: no learning, local learning, and global learning. Three equilibrium strategies arise: accommodate, marginalize, and collocate. We identify how these strategies emerge depending on the tradeoff between the opportunity costs of absence (giving competitors a lead in a market) and the entrenchment benefits (the cost advantage firms develop through learning-by-doing when they enter early). Both the opportunity costs of absence and the entrenchment benefits vary according to initial relative firm capabilities, relative market profitability, and learning rates. Our model offers a comprehensive approach to understanding the drivers of firm location choices by modeling not only the impact of location and firm heterogeneity, but also the strategic interaction among firms.

Author: Michael John Webber
Publisher: MIT Press (MA)
ISBN:
Category : Architecture
Languages : en
Pages : 336

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This book attempts to generalize location theory to take account of the fact that firms are often uncertain when they make their decisions.

Author: H. A. Eiselt
Publisher: Springer Nature
ISBN: 3031323386
Category : Business & Economics
Languages : en
Pages : 443

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Book Description
This book deals with an often-neglected feature of location problems, namely uncertainty, by combining two related fields: location theory and optimization. Written by leading researchers and practitioners in these fields, each chapter examines one aspect of the location process in different contexts, such as supply chains; location decisions under congestion; disaster management; design of resilient facilities; uncertainty in the health sector; and facility location in the retail sector under uncertainty. The book also addresses methodological aspects, such as chance-constrained approaches, heuristic algorithms, scenario approaches, and simulation. As such, it provides decision-makers with essential methods, tools and approaches to help them deal with these uncertainties. It is mainly intended for graduate students in the fields of operations research and logistics, as well as professionals in logistics and supply chain management.

Author: Hugh Courtney
Publisher: Harvard Business Press
ISBN: 9781578512669
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
In the midst of a changing economy, most executives continue to use a strategy toolkit designed for yesterday's more stable marketplace. As a result, strategies emerge that neither manage the risks nor take advantage of the opportunities that arise in highly uncertain times. Now, McKinsey shows strategists how to tailor every aspect of the decision-making process-from formulation to implementation-to the level of uncertainty faced, describes the strategic-planning processes readers can use to monitor, update, and revise strategies as necessary in volatile markets, and includes a toolkit for identifying, developing, and testing new strategy options-complete with guidelines for applying the right tool to the right situation at the right time. A comprehensive approach to strategy development under all possible levels of uncertainty and across all kinds of industries, this is the essential guide for making tough strategic choices in a changing world. Hugh Courtney is an Associate Principal with the Global Strategy Practice at McKinsey Company in Washington D.C.

Author: Grzegorz Pawlina
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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This paper studies the effects of demand uncertainty and imperfect competition on market entry and product quality choice. We develop a dynamic duopoly model allowing for either a fixed or a flexible quality choice. We find that under the fixed quality choice the follower chooses a higher quality provision. The quality provision is shown to generally increase with the level of demand volatility. The strategic choice of quality provision by the follower may result in the exit of the first mover. Furthermore, flexibility in quality choice of the pioneering firm can constitute a strategic disadvantage. Finally, our results show that the degree of horizontal differentiation between the supplied goods plays a pivotal role in determining the market structure in the long-run.

Author: Francisco Saldanha-da-Gama
Publisher: Springer Nature
ISBN: 3031559274
Category :
Languages : en
Pages : 535

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Author: Georgios Lidoris
Publisher: kassel university press GmbH
ISBN: 3862190633
Category : Autonomous robots
Languages : en
Pages : 169

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Author: Bruce F. Baird
Publisher: John Wiley & Sons
ISBN: 9780471858911
Category : Business & Economics
Languages : en
Pages : 546

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Book Description
How to improve decision-making skills in realistic situations and do it in a reasonably nonmathematical fashion. Develops practical techniques for deciding upon the best strategies in a variety of situations. Provides methods for reducing complex problems to easily-drawn decision diagrams (trees), supported by real-world examples. Includes detailed cases that employ the methods described in the text. Each chapter contains illustrative examples and exercises.