Optimal Investment Timing and Size of a Logistics Park: A Real Options Perspective

This paper uses a real options approach to address optimal timing and size of a logistics park investment with logistics demand volatility. Two important problems are examined: when should an investment be introduced, and what size should it be? A real option model is proposed to explicitly incorpor...

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Bibliographic Details
Main Authors: Dezhi Zhang, Jiehui Jiang, Shuangyan Li, Xiamiao Li, Qingwen Zhan
Format: Article
Language:English
Published: Wiley 2017-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2017/2813816
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