{"id":"https://openalex.org/W2773018323","doi":"https://doi.org/10.1155/2017/2813816","title":"Optimal Investment Timing and Size of a Logistics Park: A Real Options Perspective","display_name":"Optimal Investment Timing and Size of a Logistics Park: A Real Options Perspective","publication_year":2017,"publication_date":"2017-01-01","ids":{"openalex":"https://openalex.org/W2773018323","doi":"https://doi.org/10.1155/2017/2813816","mag":"2773018323"},"language":"en","primary_location":{"id":"doi:10.1155/2017/2813816","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2017/2813816","pdf_url":"http://downloads.hindawi.com/journals/complexity/2017/2813816.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"http://downloads.hindawi.com/journals/complexity/2017/2813816.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051768462","display_name":"Dezhi Zhang","orcid":"https://orcid.org/0000-0003-1172-0161"},"institutions":[{"id":"https://openalex.org/I139660479","display_name":"Central South University","ror":"https://ror.org/00f1zfq44","country_code":"CN","type":"education","lineage":["https://openalex.org/I139660479"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Dezhi Zhang","raw_affiliation_strings":["Key Laboratory of Traffic Safety on Track of Ministry of Education, Central South University, Changsha, Hunan 410075, China","School of Traffic & Transportation Engineering, Central South University, Changsha, Hunan 410075, China"],"raw_orcid":"https://orcid.org/0000-0003-1172-0161","affiliations":[{"raw_affiliation_string":"Key Laboratory of Traffic Safety on Track of Ministry of Education, Central South University, Changsha, Hunan 410075, China","institution_ids":["https://openalex.org/I139660479"]},{"raw_affiliation_string":"School of Traffic & Transportation Engineering, Central South University, Changsha, Hunan 410075, China","institution_ids":["https://openalex.org/I139660479"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5000051935","display_name":"Jiehui Jiang","orcid":"https://orcid.org/0000-0002-1990-1840"},"institutions":[{"id":"https://openalex.org/I139660479","display_name":"Central South University","ror":"https://ror.org/00f1zfq44","country_code":"CN","type":"education","lineage":["https://openalex.org/I139660479"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jiehui Jiang","raw_affiliation_strings":["School of Traffic & Transportation Engineering, Central South University, Changsha, Hunan 410075, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Traffic & Transportation Engineering, Central South University, Changsha, Hunan 410075, China","institution_ids":["https://openalex.org/I139660479"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5034165158","display_name":"Shuangyan Li","orcid":"https://orcid.org/0000-0003-3731-4006"},"institutions":[{"id":"https://openalex.org/I119273862","display_name":"Central South University of Forestry and Technology","ror":"https://ror.org/02czw2k81","country_code":"CN","type":"education","lineage":["https://openalex.org/I119273862"]},{"id":"https://openalex.org/I139660479","display_name":"Central South University","ror":"https://ror.org/00f1zfq44","country_code":"CN","type":"education","lineage":["https://openalex.org/I139660479"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Shuangyan Li","raw_affiliation_strings":["College of Transportation and Logistics, Central South University of Forestry and Technology, Changsha, Hunan 410004, China"],"raw_orcid":"https://orcid.org/0000-0003-3731-4006","affiliations":[{"raw_affiliation_string":"College of Transportation and Logistics, Central South University of Forestry and Technology, Changsha, Hunan 410004, China","institution_ids":["https://openalex.org/I119273862","https://openalex.org/I139660479"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5001266925","display_name":"Xiamiao Li","orcid":"https://orcid.org/0000-0001-5309-1805"},"institutions":[{"id":"https://openalex.org/I139660479","display_name":"Central South University","ror":"https://ror.org/00f1zfq44","country_code":"CN","type":"education","lineage":["https://openalex.org/I139660479"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xiamiao Li","raw_affiliation_strings":["School of Traffic & Transportation Engineering, Central South University, Changsha, Hunan 410075, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Traffic & Transportation Engineering, Central South University, Changsha, Hunan 410075, China","institution_ids":["https://openalex.org/I139660479"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5080166853","display_name":"Qingwen Zhan","orcid":null},"institutions":[{"id":"https://openalex.org/I139660479","display_name":"Central South University","ror":"https://ror.org/00f1zfq44","country_code":"CN","type":"education","lineage":["https://openalex.org/I139660479"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qingwen Zhan","raw_affiliation_strings":["School of Traffic & Transportation Engineering, Central South University, Changsha, Hunan 410075, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Traffic & Transportation Engineering, Central South University, Changsha, Hunan 410075, China","institution_ids":["https://openalex.org/I139660479"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5034165158"],"corresponding_institution_ids":["https://openalex.org/I119273862","https://openalex.org/I139660479"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":1.7174,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":{"value":0.86679486,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"2017","issue":null,"first_page":"1","last_page":"12"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9854999780654907,"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":0.9854999780654907,"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/T10698","display_name":"Transportation Planning and Optimization","score":0.9652000069618225,"subfield":{"id":"https://openalex.org/subfields/3313","display_name":"Transportation"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11599","display_name":"Aviation Industry Analysis and Trends","score":0.9606999754905701,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and 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"}}],"keywords":[{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.5417402982711792},{"id":"https://openalex.org/keywords/algorithm","display_name":"Algorithm","score":0.5275413990020752},{"id":"https://openalex.org/keywords/subsidy","display_name":"Subsidy","score":0.4671679735183716},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4434173107147217},{"id":"https://openalex.org/keywords/machine-learning","display_name":"Machine learning","score":0.33822932839393616},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.30598729848861694}],"concepts":[{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5417402982711792},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.5275413990020752},{"id":"https://openalex.org/C84265765","wikidata":"https://www.wikidata.org/wiki/Q193219","display_name":"Subsidy","level":2,"score":0.4671679735183716},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4434173107147217},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.33822932839393616},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.30598729848861694},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","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}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1155/2017/2813816","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2017/2813816","pdf_url":"http://downloads.hindawi.com/journals/complexity/2017/2813816.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:hin:complx:2813816","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/8503/2017/2813816.xml","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,"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"},{"id":"pmh:oai:doaj.org/article:b15e46a9188a48e4bf821079410eb46d","is_oa":true,"landing_page_url":"https://doaj.org/article/b15e46a9188a48e4bf821079410eb46d","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Complexity, Vol 2017 (2017)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2017/2813816","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2017/2813816","pdf_url":"http://downloads.hindawi.com/journals/complexity/2017/2813816.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.44999998807907104}],"awards":[{"id":"https://openalex.org/G1461174879","display_name":null,"funder_award_id":"2014JGB36","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G2454617523","display_name":null,"funder_award_id":"71403096","funder_id":"https://openalex.org/F4320321514","funder_display_name":"Central South University"},{"id":"https://openalex.org/G2836437697","display_name":null,"funder_award_id":"15B261","funder_id":"https://openalex.org/F4320321514","funder_display_name":"Central South University"},{"id":"https://openalex.org/G3184921216","display_name":null,"funder_award_id":"2015RS4045","funder_id":"https://openalex.org/F4320321514","funder_display_name":"Central South University"},{"id":"https://openalex.org/G4228530406","display_name":null,"funder_award_id":"15B261","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G541088609","display_name":null,"funder_award_id":"71672193","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G6390522079","display_name":null,"funder_award_id":"2014JGB36","funder_id":"https://openalex.org/F4320321514","funder_display_name":"Central South University"},{"id":"https://openalex.org/G6501373677","display_name":null,"funder_award_id":"71672193","funder_id":"https://openalex.org/F4320321514","funder_display_name":"Central South University"},{"id":"https://openalex.org/G911317380","display_name":null,"funder_award_id":"2015RS4045","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320321514","display_name":"Central South University","ror":"https://ror.org/00f1zfq44"},{"id":"https://openalex.org/F4320337368","display_name":"Division of Graduate Education","ror":"https://ror.org/00whkrf32"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2773018323.pdf","grobid_xml":"https://content.openalex.org/works/W2773018323.grobid-xml"},"referenced_works_count":35,"referenced_works":["https://openalex.org/W303694599","https://openalex.org/W435403354","https://openalex.org/W626233949","https://openalex.org/W1575131138","https://openalex.org/W1890661067","https://openalex.org/W1976882078","https://openalex.org/W1982020594","https://openalex.org/W1982105707","https://openalex.org/W1983972053","https://openalex.org/W1995890055","https://openalex.org/W1999629947","https://openalex.org/W2020358849","https://openalex.org/W2023780301","https://openalex.org/W2031559113","https://openalex.org/W2031797308","https://openalex.org/W2034324055","https://openalex.org/W2040767497","https://openalex.org/W2047156466","https://openalex.org/W2066492608","https://openalex.org/W2068696714","https://openalex.org/W2073677191","https://openalex.org/W2077452008","https://openalex.org/W2096405299","https://openalex.org/W2106601208","https://openalex.org/W2112450380","https://openalex.org/W2145469814","https://openalex.org/W2161915898","https://openalex.org/W2162477386","https://openalex.org/W2199571954","https://openalex.org/W2203892814","https://openalex.org/W2399518478","https://openalex.org/W2414907564","https://openalex.org/W2599816770","https://openalex.org/W2606516030","https://openalex.org/W3123821384"],"related_works":["https://openalex.org/W2276539358","https://openalex.org/W4309036932","https://openalex.org/W3083505014","https://openalex.org/W2099588657","https://openalex.org/W2965628777","https://openalex.org/W2384152552","https://openalex.org/W2388987626","https://openalex.org/W2918320789","https://openalex.org/W2364586549","https://openalex.org/W2352507343"],"abstract_inverted_index":{"This":[0],"paper":[1],"uses":[2],"a":[3,14,66],"real":[4,40,118],"options":[5],"approach":[6],"to":[7,45],"address":[8],"optimal":[9,123,148],"timing":[10,125,152],"and":[11,33,102,135,151],"size":[12,35,150],"of":[13,50,76,126,153],"logistics":[15,19,54,67,77,100,127,154],"park":[16,55,68,78,155],"investment":[17,30,64,79,105,124,149],"with":[18,130],"demand":[20,58],"volatility.":[21],"Two":[22],"important":[23],"problems":[24],"are":[25,80,109],"examined:":[26],"when":[27],"should":[28,36],"an":[29],"be":[31],"introduced,":[32],"what":[34],"it":[37],"be?":[38],"A":[39],"option":[41,119],"model":[42],"is":[43,70],"proposed":[44],"explicitly":[46],"incorporate":[47],"the":[48,61,104,117,122,147],"effect":[49],"government":[51,107],"subsidies":[52,108],"on":[53],"investment.":[56,156],"Logistic":[57],"that":[59,88],"triggers":[60],"threshold":[62],"for":[63],"in":[65],"project":[69],"explored":[71],"analytically.":[72],"Comparative":[73],"static":[74],"analyses":[75],"also":[81],"carried":[82],"out.":[83],"Our":[84],"analytical":[85],"results":[86],"show":[87],"<mml:math":[89,111,136],"xmlns:mml=\"http://www.w3.org/1998/Math/MathML\"":[90,112,137],"id=\"M1\"><mml:mo":[91],"stretchy=\"false\">(</mml:mo><mml:mn":[92,114,139],"fontstyle=\"italic\">1</mml:mn><mml:mo":[93],"stretchy=\"false\">)</mml:mo></mml:math>":[94,116,141],"investors":[95],"will":[96,120],"select":[97],"smaller":[98],"sized":[99],"parks":[101,128],"prepone":[103],"if":[106],"considered;":[110],"id=\"M2\"><mml:mo":[113],"fontstyle=\"italic\">2</mml:mn><mml:mo":[115],"postpone":[121],"compared":[129],"net":[131],"present":[132],"value":[133],"approach;":[134],"id=\"M3\"><mml:mo":[138],"fontstyle=\"italic\">3</mml:mn><mml:mo":[140],"logistic":[142],"demands":[143],"can":[144],"significantly":[145],"affect":[146]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":3}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}
