Mehdi Ranjbar-Bourani

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Nowadays, companies are in the race for improving their organizational competitiveness in order to compete in the 21st century global market. This market is electronically connected and dynamic in nature. Therefore, companies are trying to improve their agility level with the objective of being flexible and responsive to meet the changing market(More)
This paper presents a flexibility analysis as a practical procedure to evaluate large-scale capital-intensive projects considering market uncertainty. It considers the combined effects of the time value of money, economies of scale, and learning, and demonstrates the additional benefits stemming from considerations of uncertainty and flexibility in the(More)
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