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以實質選擇權評估OBM廠商兼營OEM之最適分割時點
Thesis

以實質選擇權評估OBM廠商兼營OEM之最適分割時點

蔡冰妤
Masters, 國立清華大學, 科技管理研究所
2006

Abstract

委託代工 自有品牌 遞延選擇權 放棄選擇權 OEM OBM defer option abandon option
Technology companies in Taiwan can be separated into three categories. One engages in OEM, such as foxconn, has cost advantage, the second one engages in own brand, such as Acer, earns high profits by brand value, and the third one, engages in both OEM and OBM, such as BenQ, Asus, HTC, etc. BenQ and Asus decide to separate their OEM and OBM this year, and they hope their case can be as successful as that of Acer & Wistron. We use the abandon options approach in this study to decide the optimal time for companies to separate their departments of OBM and OEM. Based on the models of McDonald and Siegel (1986) and Fradkin (2004), our study shows that while Acer & Wistron separated at the proper time, BenQ’s case has to be postponed.

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