A Binary-State Continuous-Time Markov Chain Model for Offshoring and Reshoring
We present a two-country model (North and South) that describes the phenomenon of offshoring and reshoring. The model is a continuous time-controlled Markov chain with binary states. The main trade-off involves production costs and transaction costs between one country and another. In the first part...
| Egile Nagusiak: | , , |
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| Formatua: | Artikulua |
| Hizkuntza: | English |
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MDPI AG
2024-05-01
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| Saila: | Axioms |
| Gaiak: | |
| Sarrera elektronikoa: | https://www.mdpi.com/2075-1680/13/5/300 |