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A multi-criteria game theory and real-options model for irreversible ICT investment decisions

Author

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  • Angelou, Georgios N.
  • Economides, Anastasios A.

Abstract

The information and communication technology (ICT) industry is one of the most capital intensive among the high-technology industries. ICT business analysis, especially after the industry deregulation, has become a difficult task. Traditional quantitative cost-benefit analysis concerning investment decisions is by no means sufficient for capturing the complexity of the problem in its entirety. This work combines quantitative and qualitative analyses for modeling competitive interactions between players in the ICT business field. The proposed decision analysis model combines real options, game theory, and analytic hierarchy process for analyzing ICT business alternatives under the threat of competition. The proposed model is applied to a real broadband technology business case, showing how it can be formulated and solved.

Suggested Citation

  • Angelou, Georgios N. & Economides, Anastasios A., 0. "A multi-criteria game theory and real-options model for irreversible ICT investment decisions," Telecommunications Policy, Elsevier, vol. 33(10-11), pages 686-705, November.
    • Handle: RePEc:eee:telpol:v:33:y::i:10-11:p:686-705
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    Citations

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    Cited by:

    1. Guthrie, Graeme, 2012. "Regulated prices and real options," Telecommunications Policy, Elsevier, vol. 36(8), pages 650-663.
    2. Charalampopoulos, George & Katsianis, Dimitris & Varoutas, Dimitris, 2020. "Investigating the intertwining impact of wholesale access pricing and the commitment to net neutrality principle on European next-generation access networks private investment plans: An options-game a," Telecommunications Policy, Elsevier, vol. 44(3).
    3. Sergio Franklin, 2015. "Investment decisions in mobile telecommunications networks applying real options," Annals of Operations Research, Springer, vol. 226(1), pages 201-220, March.
    4. Angelou, Georgios N. & Economides, Anastasios A., 2013. "Broadband business by utilities infrastructure exploitation: A multistage competition model," Telecommunications Policy, Elsevier, vol. 37(1), pages 63-79.
    5. Mahendra Piraveenan, 2019. "Applications of Game Theory in Project Management: A Structured Review and Analysis," Mathematics, MDPI, vol. 7(9), pages 1-31, September.
    6. Franklin, Sergio Luis & Diallo, Madiagne, 2013. "Real options and cost-based access pricing: Model and methodology," Telecommunications Policy, Elsevier, vol. 37(4), pages 321-333.

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