Transport fleet sizing by using make and buy decision-making
نویسندگان
چکیده
منابع مشابه
Make vs. buy decisions: A process incorporating multi-attribute decision-making
The need for companies to develop consistent and competitive manufacturing strategies is now well established. A fundamental question in the development of a manufacturing strategy is the determination of what the company will make and what it will buy, i.e. the make vs. buy (MvB) decision. Historically, such decisions were often made primarily on grounds of cost, however, in recent years there...
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Sixty-five years ago, Ronald Coase (1937) asked what determines whether production will be organized in a firm or through the market, later coined the "make-or-buy" decision. This question was put center stage by Oliver Williamson (1975, 1985) who further developed transaction-costs economics (TCE), arguing that incomplete contracts and specific relationships overshadowed by opportunism, asymme...
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The “transaction cost” theory of the firm introduced by Coase (1937) has become a standard framework for the study of institutional arrangements. The Coasian framework helps explain not only the existence of the firm, but also its size and scope. Why, in Coase’s (1937, pp. 393–94) words, “does the entrepreneur not organize one less transaction or one more?” Some firms are highly integrated: IBM...
متن کاملBuy Music, Make Money
We describe a digital music distribution system which fixes current problems in prevailing economic models for selling digital music. Our system aims to address the perverse incentives in the current digital music market, in which music buyers and music creators have incompatible goals and desired outcomes. The model gives users an added buying incentive: when a user buys a song, that user has ...
متن کاملMake , Buy , or Cooperate ?
In 1937, Ronald Coase argued that firms will exist only in environments in which firms perform better than markets could. To create space for firms, Coase suggested that some environments might be plagued by “transaction costs” that cause markets to perform poorly. Coase’s paper was to become the cornerstone of the economic theory of the firm (i.e., the “make or buy” decision: which activities ...
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ژورنال
عنوان ژورنال: Economic Annals
سال: 2011
ISSN: 0013-3264,1820-7375
DOI: 10.2298/eka1190077s