Formulating Principal-Agent Service Contracts for a Revenue Generating Unit
tarafından
Zeng, Shuo. author.
Başlık
:
Formulating Principal-Agent Service Contracts for a Revenue Generating Unit
Yazar
:
Zeng, Shuo. author.
ISBN
:
9783319186726
Yazar
:
Zeng, Shuo. author.
Fiziksel Niteleme
:
IX, 129 p. 37 illus. online resource.
Seri
:
SpringerBriefs in Operations Management
İçindekiler
:
Introduction -- The Basic Principal-Agent -- Risk-Neutral Agent -- Risk-Averse Agent -- Risk-Seeking Agent -- Summary.
Özet
:
This book examines contractual options for a performance based contract between an owner of a revenue generating unit and a repair agent for such unit. The framework of the analysis is that of economists' principal-agent problem. The contractual options of a principal and an agent are modeled as a Markov process with an undetermined time horizon. For a risk neutral principal, the authors identify the conditions under which a principal contracts with a risk-neutral, risk-averse, or risk-seeking agent and derive the principal's optimal offer together with the agent's optimal service capacity response. In essence, the book provides an extensive formulating analysis of principal-agent contracts given any exogenous parameter values. Ultimately a small number of formulas cover a large spectrum of principal-agent conditions.
Konu Başlığı
:
Business.
Transportation.
Operations research.
Decision making.
Management science.
Business and Management.
Operation Research/Decision Theory.
Operations Research, Management Science.
Yazar Ek Girişi
:
Dror, Moshe.
Ek Kurum Yazar
:
SpringerLink (Online service)
Elektronik Erişim
:
Materyal Türü | Barkod | Yer Numarası | Durumu/İade Tarihi |
---|
Electronic Book | 16584-1001 | HD30.23 | Springer E-Book Collection |