{"id":"https://openalex.org/W2147090699","doi":"https://doi.org/10.1109/tem.2010.2048910","title":"Competition, Dedicated Assets, and Technological Obsolescence in Multistage Infrastructure Investments: A Sequential Compound Option Valuation","display_name":"Competition, Dedicated Assets, and Technological Obsolescence in Multistage Infrastructure Investments: A Sequential Compound Option Valuation","publication_year":2010,"publication_date":"2010-06-07","ids":{"openalex":"https://openalex.org/W2147090699","doi":"https://doi.org/10.1109/tem.2010.2048910","mag":"2147090699"},"language":"en","primary_location":{"id":"doi:10.1109/tem.2010.2048910","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2010.2048910","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5066246718","display_name":"Yulin Huang","orcid":"https://orcid.org/0000-0001-5928-5037"},"institutions":[{"id":"https://openalex.org/I148366613","display_name":"National Yang Ming Chiao Tung University","ror":"https://ror.org/00se2k293","country_code":"TW","type":"education","lineage":["https://openalex.org/I148366613"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Yu-Lin Huang","raw_affiliation_strings":["Department of Civil Engineering, National Chiao Tung University, Hsinchu, Taiwan","Dept. of Civil Eng., Nat. Chiao Tung Univ., Shin Chu, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Civil Engineering, National Chiao Tung University, Hsinchu, Taiwan","institution_ids":["https://openalex.org/I148366613"]},{"raw_affiliation_string":"Dept. of Civil Eng., Nat. Chiao Tung Univ., Shin Chu, Taiwan","institution_ids":["https://openalex.org/I148366613"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5087009167","display_name":"Chia-Chi Pi","orcid":null},"institutions":[{"id":"https://openalex.org/I148366613","display_name":"National Yang Ming Chiao Tung University","ror":"https://ror.org/00se2k293","country_code":"TW","type":"education","lineage":["https://openalex.org/I148366613"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Chia-Chi Pi","raw_affiliation_strings":["Department of Civil Engineering, National Chiao Tung University, Hsinchu, Taiwan","Dept. of Civil Eng., Nat. Chiao Tung Univ., Shin Chu, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Civil Engineering, National Chiao Tung University, Hsinchu, Taiwan","institution_ids":["https://openalex.org/I148366613"]},{"raw_affiliation_string":"Dept. of Civil Eng., Nat. Chiao Tung Univ., Shin Chu, Taiwan","institution_ids":["https://openalex.org/I148366613"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I148366613"],"apc_list":{"value":2645,"currency":"USD","value_usd":2645},"apc_paid":null,"fwci":0.7025,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":{"value":0.78873957,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":"58","issue":"1","first_page":"141","last_page":"153"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9993000030517578,"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":0.9993000030517578,"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/T12675","display_name":"Financial Reporting and Valuation Research","score":0.9761999845504761,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9747999906539917,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/obsolescence","display_name":"Obsolescence","score":0.9022507667541504},{"id":"https://openalex.org/keywords/valuation","display_name":"Valuation (finance)","score":0.569395124912262},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.5256422758102417},{"id":"https://openalex.org/keywords/diversification","display_name":"Diversification (marketing strategy)","score":0.4927695095539093},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4857521653175354},{"id":"https://openalex.org/keywords/flexibility","display_name":"Flexibility (engineering)","score":0.46017777919769287},{"id":"https://openalex.org/keywords/complementary-assets","display_name":"Complementary assets","score":0.4519805312156677},{"id":"https://openalex.org/keywords/competition","display_name":"Competition (biology)","score":0.4466530978679657},{"id":"https://openalex.org/keywords/interim","display_name":"Interim","score":0.4153304696083069},{"id":"https://openalex.org/keywords/risk-analysis","display_name":"Risk analysis (engineering)","score":0.3386484682559967},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3160284161567688},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.31365543603897095},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.13359501957893372}],"concepts":[{"id":"https://openalex.org/C30795975","wikidata":"https://www.wikidata.org/wiki/Q282744","display_name":"Obsolescence","level":2,"score":0.9022507667541504},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.569395124912262},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.5256422758102417},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.4927695095539093},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4857521653175354},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.46017777919769287},{"id":"https://openalex.org/C2776598745","wikidata":"https://www.wikidata.org/wiki/Q5156422","display_name":"Complementary assets","level":2,"score":0.4519805312156677},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.4466530978679657},{"id":"https://openalex.org/C2776957806","wikidata":"https://www.wikidata.org/wiki/Q4895105","display_name":"Interim","level":2,"score":0.4153304696083069},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.3386484682559967},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3160284161567688},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.31365543603897095},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.13359501957893372},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/tem.2010.2048910","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2010.2048910","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Industry, innovation and infrastructure","score":0.6399999856948853,"id":"https://metadata.un.org/sdg/9"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":51,"referenced_works":["https://openalex.org/W33879867","https://openalex.org/W70169678","https://openalex.org/W196008430","https://openalex.org/W574473450","https://openalex.org/W654259875","https://openalex.org/W654919543","https://openalex.org/W656810298","https://openalex.org/W1503295912","https://openalex.org/W1551134357","https://openalex.org/W1561704048","https://openalex.org/W1852528812","https://openalex.org/W1876260938","https://openalex.org/W1990664633","https://openalex.org/W1995503011","https://openalex.org/W2001711424","https://openalex.org/W2003877352","https://openalex.org/W2005157476","https://openalex.org/W2009507317","https://openalex.org/W2021437927","https://openalex.org/W2021451957","https://openalex.org/W2022202554","https://openalex.org/W2034905252","https://openalex.org/W2037746827","https://openalex.org/W2055759661","https://openalex.org/W2067542095","https://openalex.org/W2077791698","https://openalex.org/W2091176617","https://openalex.org/W2101906031","https://openalex.org/W2105973145","https://openalex.org/W2112808017","https://openalex.org/W2149221841","https://openalex.org/W2154955866","https://openalex.org/W2155907120","https://openalex.org/W2162836741","https://openalex.org/W2165201397","https://openalex.org/W3110554715","https://openalex.org/W3121328966","https://openalex.org/W3124579359","https://openalex.org/W3124580288","https://openalex.org/W3124770064","https://openalex.org/W3125744792","https://openalex.org/W3125745994","https://openalex.org/W3144420618","https://openalex.org/W4231057775","https://openalex.org/W4233945069","https://openalex.org/W4235876223","https://openalex.org/W4365787967","https://openalex.org/W4388132471","https://openalex.org/W4388152247","https://openalex.org/W6634718671","https://openalex.org/W6786761210"],"related_works":["https://openalex.org/W2013577297","https://openalex.org/W3007594976","https://openalex.org/W2571498293","https://openalex.org/W2269045335","https://openalex.org/W2283018080","https://openalex.org/W2586398479","https://openalex.org/W2388495639","https://openalex.org/W2152916951","https://openalex.org/W4251534285","https://openalex.org/W2110076267"],"abstract_inverted_index":{"Multistage":[0],"investments":[1,59,110],"are":[2,74],"common":[3],"in":[4,24,33,53,60,79,125],"area-wide":[5],"developments":[6],"of":[7,123],"privatized":[8],"telecommunication":[9],"networks":[10],"and":[11,30,57,76,111,117],"other":[12],"complex":[13,49,70],"infrastructure":[14,72],"systems.":[15],"They":[16],"represent":[17],"an":[18],"incremental":[19,127],"strategy":[20],"that":[21],"maintains":[22],"flexibility":[23,124],"managing":[25],"market":[26],"risks,":[27],"funding":[28],"needs,":[29],"resource":[31],"constraints":[32],"geographical":[34],"expansions.":[35,65],"Though":[36],"compound":[37,102],"options":[38],"can":[39],"be":[40],"used":[41],"to":[42,83,107],"valuate":[43,108],"multistage":[44,109],"investments,":[45],"their":[46],"valuation":[47],"is":[48,81],"when":[50,71],"the":[51,77,90,121],"project":[52],"question":[54,80],"requires":[55],"upfront":[56],"interim":[58],"dedicated":[61,115],"assets":[62],"for":[63],"future":[64],"The":[66],"problem":[67],"becomes":[68],"more":[69],"markets":[73],"competitive":[75],"investment":[78],"prone":[82],"rapid":[84],"technological":[85,118],"progress,":[86],"which":[87],"quickly":[88],"makes":[89],"currently":[91],"best":[92],"in-use":[93],"technology":[94],"obsolete.":[95],"This":[96],"paper":[97],"develops":[98],"a":[99],"European":[100],"sequential":[101],"call":[103],"option":[104],"pricing":[105],"model":[106],"analyze":[112],"how":[113],"competition,":[114],"assets,":[116],"obsolescence":[119],"influence":[120],"value":[122],"this":[126],"strategy.":[128]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-08-21T09:56:20.448147","created_date":"2025-10-10T00:00:00"}
