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
http://dx.doi.org/10.1007/978-3-319-18672-6


Materyal TürüBarkodYer NumarasıDurumu/İade Tarihi
Electronic Book16584-1001HD30.23Springer E-Book Collection