Optimal expansion and design of competence sets with asymmetric acquiring costs |
| |
| Authors: | D. S. Shi P. L. Yu |
| |
| Affiliation: | (1) Department of Economic Mathematics, Zhejiang Institute of Finance and Economics, Hangzhou, China;(2) School of Business, University of Kansas, Lawrence, Kansas |
| |
| Abstract: | This paper provides a method of finding the optimal expansion process and discusses the marginal analysis for expansion of the competence set when the cost functions are asymmetric. The concept of tree expansion process is introduced, and a method of finding the optimal tree expansion process is given. The paper also shows a way to identify the optimal competence set when both the expected return and cost are considered. |
| |
| Keywords: | Competence set analysis tree expansion process optimal competence set marginal analysis |
| 本文献已被 SpringerLink 等数据库收录！ |
|
