{"id":"https://openalex.org/W1998643264","doi":"https://doi.org/10.15728/bbr.2013.10.1.5","title":"Evaluating product exchange options in integrated steel mills","display_name":"Evaluating product exchange options in integrated steel mills","publication_year":2013,"publication_date":"2013-03-30","ids":{"openalex":"https://openalex.org/W1998643264","doi":"https://doi.org/10.15728/bbr.2013.10.1.5","mag":"1998643264"},"language":"en","primary_location":{"id":"doi:10.15728/bbr.2013.10.1.5","doi":"https://doi.org/10.15728/bbr.2013.10.1.5","is_oa":true,"landing_page_url":"https://doi.org/10.15728/bbr.2013.10.1.5","pdf_url":"https://bbronline.com.br/index.php/bbr/article/download/235/355","source":{"id":"https://openalex.org/S2764758797","display_name":"Brazilian Business Review","issn_l":"1808-2386","issn":["1808-2386"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","norway-1","poland-20","russia-white-list-2","scielo"],"host_organization":"https://openalex.org/I4210094603","host_organization_name":"Fucape Business School","host_organization_lineage":["https://openalex.org/I4210094603"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Brazilian Business Review","raw_type":"journal-article"},"parent_works":[],"lineage":["https://openalex.org/W1998643264"],"child_works_count":0,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://bbronline.com.br/index.php/bbr/article/download/235/355","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024895718","display_name":"Luiz de Magalh\u00e3es Oz\u00f3rio","orcid":"https://orcid.org/0000-0003-3090-3430","observed_orcids":["https://orcid.org/0000-0003-3090-3430"]},"institutions":[{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Luiz de Magalh\u00e3es Ozorio","raw_affiliation_strings":["Av. Presidente Wilson, 118, sala 1114, Rio de Janeiro -RJ -Brazil","Av. Presidente Wilson, 118, sala 1116, Rio de Janeiro -RJ -Brazil","Herdy, 1160, Duque de Caxias -RJ -Brazil","Rua Marqu\u00eas de S\u00e3o Vicente, 225, G\u00e1vea, Rio de Janeiro -RJ -Brazil","School of Business Administration of UC Berkeley"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Av. Presidente Wilson, 118, sala 1114, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Av. Presidente Wilson, 118, sala 1116, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Herdy, 1160, Duque de Caxias -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Rua Marqu\u00eas de S\u00e3o Vicente, 225, G\u00e1vea, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"School of Business Administration of UC Berkeley","institution_ids":["https://openalex.org/I95457486"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087965448","display_name":"Carlos de Lamare Bastian-Pinto","orcid":"https://orcid.org/0000-0001-8074-7662","observed_orcids":["https://orcid.org/0000-0001-8074-7662"]},"institutions":[{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Carlos de Lamare Bastian Pinto","raw_affiliation_strings":["Av. Presidente Wilson, 118, sala 1114, Rio de Janeiro -RJ -Brazil","Av. Presidente Wilson, 118, sala 1116, Rio de Janeiro -RJ -Brazil","Herdy, 1160, Duque de Caxias -RJ -Brazil","Rua Marqu\u00eas de S\u00e3o Vicente, 225, G\u00e1vea, Rio de Janeiro -RJ -Brazil","School of Business Administration of UC Berkeley"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Av. Presidente Wilson, 118, sala 1114, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Av. Presidente Wilson, 118, sala 1116, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Herdy, 1160, Duque de Caxias -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Rua Marqu\u00eas de S\u00e3o Vicente, 225, G\u00e1vea, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"School of Business Administration of UC Berkeley","institution_ids":["https://openalex.org/I95457486"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5050557104","display_name":"Tara Keshar Nanda Baidya","orcid":"https://orcid.org/0000-0002-3096-4789","observed_orcids":["https://orcid.org/0000-0002-3096-4789"]},"institutions":[{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Tara Keshar Nanda Baidya","raw_affiliation_strings":["Av. Presidente Wilson, 118, sala 1114, Rio de Janeiro -RJ -Brazil","Av. Presidente Wilson, 118, sala 1116, Rio de Janeiro -RJ -Brazil","Herdy, 1160, Duque de Caxias -RJ -Brazil","Rua Marqu\u00eas de S\u00e3o Vicente, 225, G\u00e1vea, Rio de Janeiro -RJ -Brazil","School of Business Administration of UC Berkeley"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Av. Presidente Wilson, 118, sala 1114, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Av. Presidente Wilson, 118, sala 1116, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Herdy, 1160, Duque de Caxias -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Rua Marqu\u00eas de S\u00e3o Vicente, 225, G\u00e1vea, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"School of Business Administration of UC Berkeley","institution_ids":["https://openalex.org/I95457486"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026208375","display_name":"Luiz Eduardo Teixeira Brand\u00e3o","orcid":"https://orcid.org/0000-0002-5389-0583","observed_orcids":["https://orcid.org/0000-0002-5389-0583"]},"institutions":[{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Luiz Eduardo Teixeira Brand\u00e3o","raw_affiliation_strings":["Av. Presidente Wilson, 118, sala 1114, Rio de Janeiro -RJ -Brazil","Av. Presidente Wilson, 118, sala 1116, Rio de Janeiro -RJ -Brazil","Herdy, 1160, Duque de Caxias -RJ -Brazil","Rua Marqu\u00eas de S\u00e3o Vicente, 225, G\u00e1vea, Rio de Janeiro -RJ -Brazil","School of Business Administration of UC Berkeley"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Av. Presidente Wilson, 118, sala 1114, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Av. Presidente Wilson, 118, sala 1116, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Herdy, 1160, Duque de Caxias -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"Rua Marqu\u00eas de S\u00e3o Vicente, 225, G\u00e1vea, Rio de Janeiro -RJ -Brazil","institution_ids":[]},{"raw_affiliation_string":"School of Business Administration of UC Berkeley","institution_ids":["https://openalex.org/I95457486"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I95457486"],"apc_list":null,"apc_paid":null,"fwci":0.5077,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.73936423,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":"10","issue":"1","first_page":"102","last_page":"126"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13065","display_name":"Mining Techniques and Economics","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2209","display_name":"Industrial and Manufacturing Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/steelworks","display_name":"steelworks","score":0.7829999923706055},{"id":"https://openalex.org/keywords/blast-furnace","display_name":"blast furnace","score":0.7730000019073486},{"id":"https://openalex.org/keywords/electric-arc-furnace","display_name":"electric arc furnace","score":0.9089999794960022},{"id":"https://openalex.org/keywords/ferrous-scrap","display_name":"ferrous scrap","score":0.7889999747276306},{"id":"https://openalex.org/keywords/steel-rolling","display_name":"steel rolling","score":0.6639999747276306},{"id":"https://openalex.org/keywords/hot-rolling","display_name":"hot rolling","score":0.6399999856948853},{"id":"https://openalex.org/keywords/real-options","display_name":"real options","score":0.6629999876022339},{"id":"https://openalex.org/keywords/net-present-value","display_name":"net present value","score":0.621999979019165},{"id":"https://openalex.org/keywords/production-flexibility","display_name":"production flexibility","score":0.6480000019073486},{"id":"https://openalex.org/keywords/investment-decisions","display_name":"investment decision-making","score":0.335999995470047}],"concepts":[{"id":"https://openalex.org/C192097918","wikidata":"https://www.wikidata.org/wiki/Q917714","display_name":"Scrap","level":2,"score":0.8771656155586243},{"id":"https://openalex.org/C2780269488","wikidata":"https://www.wikidata.org/wiki/Q181485","display_name":"Blast furnace","level":2,"score":0.5416964888572693},{"id":"https://openalex.org/C115244140","wikidata":"https://www.wikidata.org/wiki/Q2069494","display_name":"Steel mill","level":2,"score":0.5398246049880981},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.4971983730792999},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.4964950680732727},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.46116867661476135},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.4556465744972229},{"id":"https://openalex.org/C18762648","wikidata":"https://www.wikidata.org/wiki/Q42213","display_name":"Work (physics)","level":2,"score":0.43777772784233093},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.30586838722229004},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.19475924968719482},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.15176734328269958},{"id":"https://openalex.org/C191897082","wikidata":"https://www.wikidata.org/wiki/Q11467","display_name":"Metallurgy","level":1,"score":0.13506844639778137},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.11127504706382751},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.08578664064407349},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.15728/bbr.2013.10.1.5","doi":"https://doi.org/10.15728/bbr.2013.10.1.5","is_oa":true,"landing_page_url":"https://doi.org/10.15728/bbr.2013.10.1.5","pdf_url":"https://bbronline.com.br/index.php/bbr/article/download/235/355","source":{"id":"https://openalex.org/S2764758797","display_name":"Brazilian Business Review","issn_l":"1808-2386","issn":["1808-2386"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","norway-1","poland-20","russia-white-list-2","scielo"],"host_organization":"https://openalex.org/I4210094603","host_organization_name":"Fucape Business School","host_organization_lineage":["https://openalex.org/I4210094603"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Brazilian Business Review","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bbz:fcpbbr:v:10:y:2013:i:1:p:102-126","doi":null,"is_oa":false,"landing_page_url":"http://bbronline.com.br/index.php/bbr/article/download/235/355","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.15728/bbr.2013.10.1.5","doi":"https://doi.org/10.15728/bbr.2013.10.1.5","is_oa":true,"landing_page_url":"https://doi.org/10.15728/bbr.2013.10.1.5","pdf_url":"https://bbronline.com.br/index.php/bbr/article/download/235/355","source":{"id":"https://openalex.org/S2764758797","display_name":"Brazilian Business Review","issn_l":"1808-2386","issn":["1808-2386"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","norway-1","poland-20","russia-white-list-2","scielo"],"host_organization":"https://openalex.org/I4210094603","host_organization_name":"Fucape Business School","host_organization_lineage":["https://openalex.org/I4210094603"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Brazilian Business Review","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Responsible consumption and production","id":"https://metadata.un.org/sdg/12","score":0.7811999917030334},{"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9","score":0.5378999710083008}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1998643264.pdf","grobid_xml":"https://content.openalex.org/works/W1998643264.grobid-xml"},"referenced_works_count":19,"referenced_works":["https://openalex.org/W1482923053","https://openalex.org/W1518396532","https://openalex.org/W1530664394","https://openalex.org/W1986780943","https://openalex.org/W1995503011","https://openalex.org/W2000578291","https://openalex.org/W2009439696","https://openalex.org/W2014933671","https://openalex.org/W2057722617","https://openalex.org/W2110846600","https://openalex.org/W2126258480","https://openalex.org/W2128184113","https://openalex.org/W2141186877","https://openalex.org/W2145224101","https://openalex.org/W2160308974","https://openalex.org/W2241381467","https://openalex.org/W4233504448","https://openalex.org/W4239213021","https://openalex.org/W4365787967"],"related_works":["https://openalex.org/W2095471730","https://openalex.org/W2888828896","https://openalex.org/W1516635525","https://openalex.org/W2759014531","https://openalex.org/W3214473217","https://openalex.org/W2378016550","https://openalex.org/W7033529282","https://openalex.org/W2735908682","https://openalex.org/W92704938","https://openalex.org/W2989626747"],"abstract_inverted_index":{"There":[0],"are":[1],"two":[2],"basic":[3],"ways":[4],"to":[5,55,65],"produce":[6],"steel":[7,68,100,128,145],"on":[8,122],"a":[9,31,94,99,104,108,119],"large":[10],"scale:":[11],"using":[12],"iron":[13],"ore":[14],"and":[15,77,131],"coal":[16],"in":[17,24,39,67,98,146],"blast":[18,105,126],"furnaces":[19],"or":[20],"employing":[21,85],"ferrous":[22],"scrap":[23],"electric":[25],"arc":[26],"furnaces.":[27],"The":[28,44,111],"first":[29],"requires":[30],"larger":[32],"initial":[33],"investment":[34],"but":[35],"is":[36,46,63],"more":[37],"competitive":[38],"terms":[40],"of":[41,74,93,103,125,136,140],"scale":[42],"gains.":[43],"disadvantage":[45],"the":[47,53,72,91,123,134,138,144,148],"need":[48],"for":[49,143],"uninterrupted":[50],"operation,":[51],"reducing":[52],"flexibility":[54],"adjust":[56],"production.":[57],"To":[58],"mitigate":[59],"this":[60,83,115],"problem,":[61],"it":[62],"common":[64],"invest":[66],"rolling":[69],"assets,":[70],"generating":[71],"possibility":[73],"diversifying":[75],"production":[76],"valuable":[78],"product":[79,95],"exchange":[80,96],"options.":[81],"In":[82],"work,":[84],"Monte":[86],"Carlo":[87],"simulation,":[88],"we":[89],"calculate":[90],"value":[92],"option":[97,116],"mill":[101],"composed":[102],"furnace":[106,127],"with":[107],"hot":[109],"roller.":[110],"results":[112],"show":[113],"that":[114],"can":[117],"generate":[118],"significant":[120],"increase":[121],"NPV":[124],"making":[129],"projects,":[130],"also":[132],"reveals":[133],"importance":[135],"choosing":[137],"type":[139],"stochastic":[141],"process":[142],"determining":[147],"option\u2019s":[149],"value.":[150]},"counts_by_year":[{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-14T11:04:58.165337","created_date":"2016-06-24T00:00:00"}
