Matches in SemOpenAlex for { <https://semopenalex.org/work/W3200470512> ?p ?o ?g. }
- W3200470512 abstract "We develop a novel, workable switching option model approach to component redesign and replacement projects that are divisible into sequential phases. The component manufacturer has the option to retain the current product position and abandon the project, or switch to a redesigned product position. Additional uncertainty remains as to whether the redesigned product can meet the newly set production efficiency criteria. Depending on the viability of a prototype, the firm can finally decide whether or not to move to final production. Our framework incorporates a potentially valuable option which aims to reduce the cost of the project. It is generally applicable to fields where investments in components’ replacement have to be correctly timed due to large costs and uncertainties about the outcome. We illustrate this by means of a case study application in aeronautical engineering using real data, where we show via a sensitivity analysis based on the key variables that the flexibility of component switching offered via options during the development of the project can be significantly valuable." @default.
- W3200470512 created "2021-09-27" @default.
- W3200470512 creator A5018390908 @default.
- W3200470512 creator A5018394217 @default.
- W3200470512 creator A5085578210 @default.
- W3200470512 date "2021-01-01" @default.
- W3200470512 modified "2023-09-23" @default.
- W3200470512 title "Component Replacement Under Uncertainty - A Switching Option Perspective" @default.
- W3200470512 cites W1967836847 @default.
- W3200470512 cites W1979259340 @default.
- W3200470512 cites W1982612358 @default.
- W3200470512 cites W1995118028 @default.
- W3200470512 cites W1996342006 @default.
- W3200470512 cites W2000578291 @default.
- W3200470512 cites W2002199628 @default.
- W3200470512 cites W2038428061 @default.
- W3200470512 cites W2044113816 @default.
- W3200470512 cites W2080777163 @default.
- W3200470512 cites W2116026127 @default.
- W3200470512 cites W2124185870 @default.
- W3200470512 cites W2135131353 @default.
- W3200470512 cites W2141209339 @default.
- W3200470512 cites W2162807273 @default.
- W3200470512 cites W2171543997 @default.
- W3200470512 cites W2314212502 @default.
- W3200470512 cites W2528097427 @default.
- W3200470512 cites W2909303553 @default.
- W3200470512 cites W2971208448 @default.
- W3200470512 cites W3015362399 @default.
- W3200470512 cites W4249951746 @default.
- W3200470512 doi "https://doi.org/10.2139/ssrn.3771642" @default.
- W3200470512 hasPublicationYear "2021" @default.
- W3200470512 type Work @default.
- W3200470512 sameAs 3200470512 @default.
- W3200470512 citedByCount "0" @default.
- W3200470512 crossrefType "journal-article" @default.
- W3200470512 hasAuthorship W3200470512A5018390908 @default.
- W3200470512 hasAuthorship W3200470512A5018394217 @default.
- W3200470512 hasAuthorship W3200470512A5085578210 @default.
- W3200470512 hasBestOaLocation W32004705122 @default.
- W3200470512 hasConcept C10138342 @default.
- W3200470512 hasConcept C112930515 @default.
- W3200470512 hasConcept C121332964 @default.
- W3200470512 hasConcept C12713177 @default.
- W3200470512 hasConcept C127413603 @default.
- W3200470512 hasConcept C144133560 @default.
- W3200470512 hasConcept C148220186 @default.
- W3200470512 hasConcept C154945302 @default.
- W3200470512 hasConcept C162324750 @default.
- W3200470512 hasConcept C162853370 @default.
- W3200470512 hasConcept C168167062 @default.
- W3200470512 hasConcept C175444787 @default.
- W3200470512 hasConcept C177264268 @default.
- W3200470512 hasConcept C187736073 @default.
- W3200470512 hasConcept C19351080 @default.
- W3200470512 hasConcept C198082294 @default.
- W3200470512 hasConcept C199360897 @default.
- W3200470512 hasConcept C200601418 @default.
- W3200470512 hasConcept C201995342 @default.
- W3200470512 hasConcept C2524010 @default.
- W3200470512 hasConcept C26517878 @default.
- W3200470512 hasConcept C2778348673 @default.
- W3200470512 hasConcept C2780598303 @default.
- W3200470512 hasConcept C33923547 @default.
- W3200470512 hasConcept C38652104 @default.
- W3200470512 hasConcept C41008148 @default.
- W3200470512 hasConcept C42475967 @default.
- W3200470512 hasConcept C90673727 @default.
- W3200470512 hasConcept C97355855 @default.
- W3200470512 hasConceptScore W3200470512C10138342 @default.
- W3200470512 hasConceptScore W3200470512C112930515 @default.
- W3200470512 hasConceptScore W3200470512C121332964 @default.
- W3200470512 hasConceptScore W3200470512C12713177 @default.
- W3200470512 hasConceptScore W3200470512C127413603 @default.
- W3200470512 hasConceptScore W3200470512C144133560 @default.
- W3200470512 hasConceptScore W3200470512C148220186 @default.
- W3200470512 hasConceptScore W3200470512C154945302 @default.
- W3200470512 hasConceptScore W3200470512C162324750 @default.
- W3200470512 hasConceptScore W3200470512C162853370 @default.
- W3200470512 hasConceptScore W3200470512C168167062 @default.
- W3200470512 hasConceptScore W3200470512C175444787 @default.
- W3200470512 hasConceptScore W3200470512C177264268 @default.
- W3200470512 hasConceptScore W3200470512C187736073 @default.
- W3200470512 hasConceptScore W3200470512C19351080 @default.
- W3200470512 hasConceptScore W3200470512C198082294 @default.
- W3200470512 hasConceptScore W3200470512C199360897 @default.
- W3200470512 hasConceptScore W3200470512C200601418 @default.
- W3200470512 hasConceptScore W3200470512C201995342 @default.
- W3200470512 hasConceptScore W3200470512C2524010 @default.
- W3200470512 hasConceptScore W3200470512C26517878 @default.
- W3200470512 hasConceptScore W3200470512C2778348673 @default.
- W3200470512 hasConceptScore W3200470512C2780598303 @default.
- W3200470512 hasConceptScore W3200470512C33923547 @default.
- W3200470512 hasConceptScore W3200470512C38652104 @default.
- W3200470512 hasConceptScore W3200470512C41008148 @default.
- W3200470512 hasConceptScore W3200470512C42475967 @default.
- W3200470512 hasConceptScore W3200470512C90673727 @default.
- W3200470512 hasConceptScore W3200470512C97355855 @default.
- W3200470512 hasLocation W32004705121 @default.
- W3200470512 hasLocation W32004705122 @default.