You have free access to this content
Equity valuation, production, and financial planning: A stochastic programming approach
Article first published online: 7 AUG 2006
DOI: 10.1002/nav.20182
Copyright © 2006 Wiley Periodicals, Inc.
Issue
1520-6750/asset/cover.gif?v=1&s=1bdad4849bee8229bbc4053fa1d796b87c453243)
Naval Research Logistics (NRL)
Special Issue: Special Issue on Applications of Financial Engineering in Operations, Production, Services, Logistics, and Management
Volume 53, Issue 7, pages 641–655, October 2006
Additional Information
How to Cite
Xu, X. and Birge, J. R. (2006), Equity valuation, production, and financial planning: A stochastic programming approach. Naval Research Logistics, 53: 641–655. doi: 10.1002/nav.20182
Publication History
- Issue published online: 29 AUG 2006
- Article first published online: 7 AUG 2006
- Manuscript Accepted: 13 DEC 2005
- Manuscript Revised: 26 OCT 2005
- Manuscript Received: 8 OCT 2004
Funded by
- National Science Foundation. Grant Number: DMI-0100462
- University of Chicago Graduate School of Business
REFERENCES
- 1, , Design and valuation of debt contracts, Rev Finan Stud 9 ( 1996), 37–68.
- 2, , Pre-IPO operational and financial decisions, Manage Sci 50 ( 2004), 935–948.
- 3, The value of the stochastic solution in stochastic linear programs with fixed recourse, Math Program 24 ( 1982), 314–325.
- 4, Option methods for incorporating risk into linear capacity planning models, Manufact Serv Oper Manage 2 ( 2000), 19–31.
- 5, , A theory of predation based on agency problems in financial contracting, Am Econ Rev 80 ( 1990), 93–106.
- 6, , Oligopoly and financial structure: The limited liability effect, Am Econ Rev 76 ( 1986), 956–970.
- 7, , Inventory management with asset-based financing, Manage Sci 24 ( 2004), 1274–1292.
- 8, , , , , , , , The Russell–Yasuda Kasai model: An asset liability model for a Japanese insurance company using multistage stochastic programming, Interfaces 24 ( 1994), 29–49.
- 9, , “ Global supply chain management: a survey of research and applications,” Quantitative models for supply chain management, S.Tayur, R.Ganeshan, M.Magazine, (Editors), Kluwer Academic, Boston.
- 10, Market risk adjustment in project valuation, J Finance 33 ( 1978), 603–616.
- 11, , The valuation of options for alternative stochastic processes, J Finan Econ 3 ( 1976), 145–166.
- 12, , , On the integration of production and financial hedging decisions in global markets, Working paper, Olin School of Business, Washington University, St. Louis, MO, 2004.
- 13, , On the interaction of real and financial decisions of the firm under uncertainty, J Finance 40 ( 1985), 501–517.
- 14
- 15, , Testing trade-off and pecking order predictions about dividends and debt, Rev Finan Stud 15 ( 2002), 1–33.
- 16, , , Financing constraints and corporate investment, Brookings Papers Econ Activ 1 ( 1988), 141–195.
- 17, , Hedging inventory risk through market instruments, Manufact Serv Oper Manage 7 ( 2005), 103–120.
- 18, , , Handbooks in operations research and management science, Volume 4, Logistics of production and inventory, Elsevier Science, Amsterdam, 1993.
- 19, , The theory of capital structure, J Finance 46 ( 1991), 297–355.
- 20, , Martingales and arbitrage in multi-period securities markets, J Econ Theor 20 ( 1979), 381–408.
- 21, , Debt dynamics, J Finance 60 ( 2005), 1129–1165.Direct Link:
- 22, , Valuing operational flexibility under exchange rate risk, Oper Res 44 ( 1996), 100–113.
- 23ILOG, CPLEX Version 8.0, 2002.
- 24, , Integrating long- and short-term contracting via business-to-business exchanges for capital-intensive industries, Manage Sci 49 ( 2003), 1597–1615.
- 25, , Operating flexibility, global manufacturing, and the option value of multinational network, Manage Sci 40 ( 1994), 123–139.
- 26, “ Global sourcing strategies under exchange rate uncertainty,” Quantitative models for supply chain management, S.Tayur, R.Ganeshan, M.Magazine (Editors), Kluwer Academic, Boston, 1999.
- 27, Corporate debt value, bond covenants, and optimal capital structure, J Finance 49 ( 1994), 1213–1252.
- 28, The valuation of risk assets and the selection of risky investments in stock portfolios and capital budgets, Rev Econ Statist 47 ( 1965), 13–37.
- 29
- 30, , The cost of capital, corporation finance, and the theory of investment, Am Econ Rev 48 ( 1958), 261–297.
- 31, , Corporate-income taxes and the cost of capital—A correction, Am Econ Rev 53 ( 1963), 433–443.
- 32, , Stochastic network programming for financial planning problems, Manage Sci 38 ( 1992), 1642–1664.
- 33, The capital structure puzzle, J Finance 39 ( 1984), 579–592.
- 34, A synthesis of equity valuation techniques and the terminal value calculation for the dividend discount model, Rev Account Stud 2 ( 1998), 303–323.
- 35, , , , A method for strategic asset-liability management with an application to the Federal Home Loan Bank of New York, Oper Res 47 ( 1998), 345–360.
- 36, Capital asset prices: A theory of market equilibrium under conditions of risk, J Finance 19 ( 1964), 425–442.
- 37, , , Inventory management and production planning and scheduling, 3rd ed., Wiley, New York, 1998.
- 38, Financial and industrial structure with agency, Rev Finan Stud 8 ( 1995), 431–474.
- 39, , Joint production and financing decisions: Modeling and analysis, Working paper, Northwestern University, Evanston, IL, 2004.
- 40, , Operational decisions, capital structure, and managerial compensation, Working paper, Northwestern University, Evanston, IL, 2004.

1520-6750/asset/NAV_left.gif?v=1&s=23e2ded0809abfc3ed47247eefb801bfed0ff239)