Applications of Real Options To Data-Based Decision Making In Operational Problems

J Wang - 2019 - deepblue.lib.umich.edu
Real options, inherited from financial options, are a useful tool to manage risks, but also
have the flexibility to adopt various risk averse attitudes. In the literature, real options are …

Team-Based Scarce Resource Allocation Model Under Stochastic Demand: An Application

J Wang, R Saigal - Available at SSRN 2820826, 2019 - papers.ssrn.com
This paper considers the allocation of resources, ie, the amount of working hours of
healthcare professionals (like physicians, nurses, clerks, social workers, nutritionists …