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Using Real Options to Value Modularity in Standards.
- Source :
- Knowledge, Technology & Policy; Summer2001, Vol. 14 Issue 2, p41, 26p
- Publication Year :
- 2001
-
Abstract
- This paper proposes a model of technology standardization based on modular standards and the effect of market uncertainty on the value of modularity in standards. A real options model quantifies the value of modularity in standards, illustrating that a rational way to standardize some IT technology in uncertain markets is with modular design, end-2-end structure, and proper staging of the standard. Highly modularized standards provide a higher option value because of the ability to select the best modules to change at a fine granularity. [ABSTRACT FROM AUTHOR]
- Subjects :
- STANDARDIZATION
MODULAR design
Subjects
Details
- Language :
- English
- ISSN :
- 19464789
- Volume :
- 14
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Knowledge, Technology & Policy
- Publication Type :
- Academic Journal
- Accession number :
- 6355845
- Full Text :
- https://doi.org/10.1007/s12130-001-1005-6