Collaboration, competition and strategic costing: knowing when to start learning
Autor(a) principal: | |
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Data de Publicação: | 2008 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://ciencia.iscte-iul.pt/id/ci-pub-51723 http://hdl.handle.net/10071/16762 |
Resumo: | Many companies confronted with 'make or buy' decisions adopt the mid-way option of engaging in collaborative relationships (CRs) with suppliers rather than in internal production or the purchasing of parts through a process of competitive bidding. Engaging in CRs requires evaluations of when to enter such relationships and when to abandon them. Traditional incremental cost analysis does not readily allow such analysis for the establishment of supplier networks and relationships. This paper develops a real options-based model that focuses on the cost implications of learning curves and timing concerns. It provides an optimal timing valuation approach to establishing/abandoning a CR that incorporates differential learning rate payoffs and that assesses the contingencies embedded in a CR. A standard illustration of the application of the model is provided. |
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Collaboration, competition and strategic costing: knowing when to start learningCollaborative relationshipsLearning ratesStrategic costingTiming valuationCollaborationCompetitionMake or buy decisionsSupplier relationshipsReal optionsModellingMany companies confronted with 'make or buy' decisions adopt the mid-way option of engaging in collaborative relationships (CRs) with suppliers rather than in internal production or the purchasing of parts through a process of competitive bidding. Engaging in CRs requires evaluations of when to enter such relationships and when to abandon them. Traditional incremental cost analysis does not readily allow such analysis for the establishment of supplier networks and relationships. This paper develops a real options-based model that focuses on the cost implications of learning curves and timing concerns. It provides an optimal timing valuation approach to establishing/abandoning a CR that incorporates differential learning rate payoffs and that assesses the contingencies embedded in a CR. A standard illustration of the application of the model is provided.Inderscience Enterprises Ltd.2018-11-23T10:43:55Z2008-01-01T00:00:00Z2008info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://ciencia.iscte-iul.pt/id/ci-pub-51723http://hdl.handle.net/10071/16762eng1740-800810.1504/IJAAPE.2008.020842Bhimani, A.Frantz, P.Gulamhussen, M. A.Ncube, M.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:39:50Zoai:repositorio.iscte-iul.pt:10071/16762Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:18:22.312934Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Collaboration, competition and strategic costing: knowing when to start learning |
title |
Collaboration, competition and strategic costing: knowing when to start learning |
spellingShingle |
Collaboration, competition and strategic costing: knowing when to start learning Bhimani, A. Collaborative relationships Learning rates Strategic costing Timing valuation Collaboration Competition Make or buy decisions Supplier relationships Real options Modelling |
title_short |
Collaboration, competition and strategic costing: knowing when to start learning |
title_full |
Collaboration, competition and strategic costing: knowing when to start learning |
title_fullStr |
Collaboration, competition and strategic costing: knowing when to start learning |
title_full_unstemmed |
Collaboration, competition and strategic costing: knowing when to start learning |
title_sort |
Collaboration, competition and strategic costing: knowing when to start learning |
author |
Bhimani, A. |
author_facet |
Bhimani, A. Frantz, P. Gulamhussen, M. A. Ncube, M. |
author_role |
author |
author2 |
Frantz, P. Gulamhussen, M. A. Ncube, M. |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Bhimani, A. Frantz, P. Gulamhussen, M. A. Ncube, M. |
dc.subject.por.fl_str_mv |
Collaborative relationships Learning rates Strategic costing Timing valuation Collaboration Competition Make or buy decisions Supplier relationships Real options Modelling |
topic |
Collaborative relationships Learning rates Strategic costing Timing valuation Collaboration Competition Make or buy decisions Supplier relationships Real options Modelling |
description |
Many companies confronted with 'make or buy' decisions adopt the mid-way option of engaging in collaborative relationships (CRs) with suppliers rather than in internal production or the purchasing of parts through a process of competitive bidding. Engaging in CRs requires evaluations of when to enter such relationships and when to abandon them. Traditional incremental cost analysis does not readily allow such analysis for the establishment of supplier networks and relationships. This paper develops a real options-based model that focuses on the cost implications of learning curves and timing concerns. It provides an optimal timing valuation approach to establishing/abandoning a CR that incorporates differential learning rate payoffs and that assesses the contingencies embedded in a CR. A standard illustration of the application of the model is provided. |
publishDate |
2008 |
dc.date.none.fl_str_mv |
2008-01-01T00:00:00Z 2008 2018-11-23T10:43:55Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ciencia.iscte-iul.pt/id/ci-pub-51723 http://hdl.handle.net/10071/16762 |
url |
https://ciencia.iscte-iul.pt/id/ci-pub-51723 http://hdl.handle.net/10071/16762 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1740-8008 10.1504/IJAAPE.2008.020842 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Inderscience Enterprises Ltd. |
publisher.none.fl_str_mv |
Inderscience Enterprises Ltd. |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134743084662784 |