Formulating Principal-Agent Service Contracts for a Revenue Generating Unit

• Main Authors: Zeng, Shuo (Author), Dror, Moshe (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2016.
• Series: SpringerBriefs in Operations Management
• Subjects: Business.; Transportation.; Operations research.; Decision making.; Management science.; Business and Management.; Operation Research/Decision Theory.; Operations Research, Management Science.

This book examines contractual options for a performance based contract between an owner of a revenue generating unit and a repair agent for such unit. The framework of the analysis is that of economists' principal-agent problem. The contractual options of a principal and an agent are modeled a...

Table of Contents:

• Introduction
• The Basic Principal-Agent
• Risk-Neutral Agent
• Risk-Averse Agent
• Risk-Seeking Agent
• Summary.