IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-540-26993-9_36.html
   My bibliography  Save this book chapter

Capacity Options: Convergence of Supply Chain Management and Financial Asset Management

In: Risk Management

Author

Listed:
  • Stefan Spinler

    (HHL)

  • Arnd Huchzermeier

    (WHU)

Abstract

Risk Management is still relatively new to Operations Management (OM), but of ever increasing importance given new legislation such as Basel II. The consideration of risk in operations recently led to the emergence of a research interface between OM and Finance. The present article reviews the evolution of the literature on supply contracts towards this interface with the new focal point represented by the application of real options to capacity management in capital intensive industries. It will be shown that options on capacity enable risk-sharing among trading partners, improve economic efficiency and enhance the viability of online trading platforms. As a consequence, we view the establishment of longterm and short-term contracting as an essential step towards superior supplychain efficiency as well as a means of incorporating risk in operations management.

Suggested Citation

  • Stefan Spinler & Arnd Huchzermeier, 2005. "Capacity Options: Convergence of Supply Chain Management and Financial Asset Management," Springer Books, in: Michael Frenkel & Markus Rudolf & Ulrich Hommel (ed.), Risk Management, edition 0, pages 699-717, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-26993-9_36
    DOI: 10.1007/3-540-26993-2_36
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-540-26993-9_36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.