TFT-LCD廠商策略聯盟供應鏈與股價風險值之分析－以友達鏈與奇美鏈為例

Strategic Alliances Supply Chain and VaR of Stock Price in Taiwan's TFT-LCD Industry-The Case of AUO and CHIMI Chains

賴麗華(Li-Hua Lai) ； 吳宗鎧(Chung-Kai Wu)

《運籌管理評論》 3卷1期 (2008/03) Pp. 135-144

https://doi.org/10.29836/LMR.200803.0012

摘要

由於供給鏈的不確定日增，使得台灣TFT-LCD廠商股價風險值的議題更加重要。本文從投資組合的風險值以及採行蒙地卡羅模擬法，以評估廠商或廠商間在不同夥伴型態的供應鏈對股價風險鏈的影響。本文研究結果發現『單一廠商供應型態』以及『上下游廠商供應鏈策略聯盟』在「領導廠商」與「二線廠商」的股價風險值有所差異的效應。

關鍵字

策略聯盟 ； 供應鏈 ； 蒙地卡羅模擬法 ； 股價風險值

並列摘要

In industry, especially those activities moving towards longer supply chains and facing increasingly uncertain, the issue of value at risk (VaR) under the Taiwan's TFT-LCD Industry is an important topic. This study apply the value at risk of portfolios into supply chain management and using Monte Carlo simulation, which be useful to evaluate the value at risk of different supply chain from Taiwan's TFT-LCD manufacturers. Our results show that the payoff and value at risk on the chain between single and group/group strategic partner and see different chain type of companions whose values at risk are same or not. It is found that the value at risk of the stock's price does depend on the types of supply chain. These results also have directly effects on the establishing partner relationship within their supply chain and thus promote the customer service level to compete.

並列關鍵字

Strategic Alliances ； Supply Chain ； Monte Carlo simulation ； Value at Risk VaR

參考文獻

陳安斌、王信文(2001)。供應鏈之股價風險值控管－模式建構、策略與案例分析。中華管理評論。4(2)，61-74。

陳威光(2002)。選擇權：理論．實務與應用。台北市:智勝文化。

資策會網路資料

賴麗華()。

賴麗華、鄭玉惠、廖珈如()。