Game Theoretic Real Option Approach of the Procurement of Department of Defense: Competition or Collaboration

Abstract

The real option analysis for investments is well known. In order to make decisions (delay, stop, start up, continue), management is waiting to collect more information, or is waiting for a better environment (market situation, political situation and so on). However this is without taking into account the (inter)actions of the other players in the market. Option games will place the real options into a strategic (game theoretic) context., i.c. DoD for procurement. In reality, the complexity of real options and the need for the permanent monitoring of the environment make some managers reluctant to introduce it in the enterprise for investment decision-making. A generic framework "Intelligence Base" is being proposed to approach intelligence and game options in a holistic way for the strategy and the investments.

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Document Details

Document Type
Technical Report
Publication Date
Apr 30, 2011
Accession Number
ADA544199

Entities

People

  • Marc Rabaey

Organizations

  • Hasselt University

Tags

Communities of Interest

  • Biomedical
  • Energy and Power Technologies
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Business Administration
  • Department Of Defense
  • Economics
  • Game Theory
  • Governments
  • Information Systems
  • Intelligence Cycle
  • Investments
  • Knowledge Management
  • Organizational Structure
  • Political Science
  • Procurement
  • Psychology
  • Public Administration
  • Public Policy

Readers

  • Economics
  • Game Theory.
  • Geospatial Intelligence and Artificial Intelligence Analytics