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作者 Zeng, Shuo, author
書名 Formulating principal-agent service contracts for a revenue generating unit / by Shuo Zeng, Moshe Dror
出版項 Cham : Springer International Publishing : Imprint: Springer, 2016
國際標準書號 9783319186726 (electronic bk.)
9783319186719 (paper)
國際標準號碼 10.1007/978-3-319-18672-6 doi
book jacket
說明 1 online resource (ix, 129 pages) : illustrations, digital ; 24 cm
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
text file PDF rda
系列 SpringerBriefs in operations management
SpringerBriefs in operations management
附註 Introduction -- The Basic Principal-Agent -- Risk-Neutral Agent -- Risk-Averse Agent -- Risk-Seeking Agent -- Summary
This book examines contractual options for a performance based contract between an owner of a revenue generating unit and a repair agent for such unit. The framework of the analysis is that of economists' principal-agent problem. The contractual options of a principal and an agent are modeled as a Markov process with an undetermined time horizon. For a risk neutral principal, the authors identify the conditions under which a principal contracts with a risk-neutral, risk-averse, or risk-seeking agent and derive the principal's optimal offer together with the agent's optimal service capacity response. In essence, the book provides an extensive formulating analysis of principal-agent contracts given any exogenous parameter values. Ultimately a small number of formulas cover a large spectrum of principal-agent conditions
Host Item Springer eBooks
主題 Operations research
Maintainability (Engineering)
Outcome-based contracts
Economics/Management Science
Operation Research/Decision Theory
Operations Research, Management Science
Alt Author Dror, Moshe, author
SpringerLink (Online service)
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