On the Effects of Entry under Flexible Production Techniques: An Example of Quasi-Anticompetitiveness
نویسندگان
چکیده
We study reactions to entry in a Cournot model, contrasting the case where firms are endowed with unchangeable technologies against that where technologies are flexible. By the latter we mean that firms can change the installed production technique at zero cost (fully flexible technologies). We show that when firms are technologically flexible, entry can increase equilibrium prices. The analysis is cast in a shortrun time horizon to simplify exposition, but its predictive power may better relate to the long run.
منابع مشابه
Optimal flexible capacity in newsboy problem under stochastic demand and lead-time
In this paper, we consider a newsvendor who is going to invest on dedicated or flexible capacity, our goal is to find the optimal investment policy to maximize total profit while the newsvendor faces uncertainty in lead time and demand simultaneously. As highlighted in literature, demand is stochastic, while lead time is constant. However, in reality lead time uncertainty decreases newsvendor's...
متن کاملA hybrid algorithm optimization approach for machine loading problem in flexible manufacturing system
The production planning problem of flexible manufacturing system (FMS) concerns with decisions that have to be made before an FMS begins to produce parts according to a given production plan during an upcoming planning horizon. The main aspect of production planning deals with machine loading problem in which selection of a subset of jobs to be manufactured and assignment of their operations to...
متن کاملA Scheduling Model of Flexible Manufacturing System to Reduce Waste and Earliness/Tardiness Penalties
Nowadays, flexible manufacturing system (FMS) is introduced as a response to the competitive environment. Scheduling of FMS is more complex and more difficult than the other scheduling production systems. One of the main factors in scheduling of FMS is variable time of taking orders from customers, which leads to a sudden change in the manufacturing process. Also, some problems are created in p...
متن کاملA new solving approach for fuzzy flexible programming problem in uncertainty conditions
Modeling and solving real world problems is one of the most important issues in optimization problems. In this paper, we present an approach to solve Fuzzy Interval Flexible Linear Programming (FIFLP) problems that simultaneously have the interval ambiguity in the matrix of coefficients .In the first step, using the interval problem solving techniques; we transform the fuzzy interval flexible p...
متن کاملMULTI-OBJECTIVE ROUTING AND SCHEDULING IN FLEXIBLE MANUFACTURING SYSTEMS UNDER UNCERTAINTY
The efficiency of transportation system management plays an important role in the planning and operation efficiency of flexible manufacturing systems. Automated Guided Vehicles (AGV) are part of diversified and advanced techniques in the field of material transportation which have many applications today and act as an intermediary between operating and storage equipment and are routed and contr...
متن کامل