A real options and joint ventures perspective for strategic decision-making process in the case of dynamic industrial environments

Strategic decision – making process represents a challenge in a dynamic industrial environment. Nowadays, many instruments and techniques are used in the process of decision-making. The perspective regarding real options analysis (ROA), joint ventures (JVs) and strategic decision-making process (SDMP) is very important to be analyzed because it represents a key source to obtain competitive advantage in a turbulent environment characterized by competitiveness, dynamism and a proactive thinking. The aim of the paper is to offer an interesting framework that emphasizes the relationship between real options (ROs), JVs, transaction cost (TC), bargaining models (BM), agency theory (AT) and SDMP. Also, the paper analyzes a real case study and it suggests a business model that includes elements that conduce to an innovative management. The findings are very useful for decision-makers from organizations, researchers and students

A real options and joint ventures perspective for strategic decision-making process in the case of dynamic industrial environments

Strategic decision – making process represents a challenge in a dynamic industrial environment. Nowadays, many instruments and techniques are used in the process of decision-making. The perspective regarding real options analysis (ROA), joint ventures (JVs) and strategic decision-making process (SDMP) is very important to be analyzed because it represents a key source to obtain competitive advantage in a turbulent environment characterized by competitiveness, dynamism and a proactive thinking. The aim of the paper is to offer an interesting framework that emphasizes the relationship between real options (ROs), JVs, transaction cost (TC), bargaining models (BM), agency theory (AT) and SDMP. Also, the paper analyzes a real case study and it suggests a business model that includes elements that conduce to an innovative management. The findings are very useful for decision-makers from organizations, researchers and students

Study of Research and Development Processes through Fuzzy Super FRM Model and Optimization Solutions

The aim of this study is to measure resources for R&D (research and development) at the regional level in Romania and also obtain primary data that will be important in making the right decisions to increase competitiveness and development based on an economic knowledge. As our motivation, we would like to emphasize that by the use of Super Fuzzy FRM model we want to determine the state of R&D processes at regional level using a mean different from the statistical survey, while by the two optimization methods we mean to provide optimization solutions for the R&D actions of the enterprises. Therefore to fulfill the above mentioned aim in this application-oriented paper we decided to use a questionnaire and for the interpretation of the results the Super Fuzzy FRM model, representing the main novelty of our paper, as this theory provides a formalism based on matrix calculus, which allows processing of large volumes of information and also delivers results difficult or impossible to see, through statistical processing. Furthermore another novelty of the paper represents the optimization solutions submitted in this work, given for the situation when the sales price is variable, and the quantity sold is constant in time and for the reverse situation