DC Field | Value | Language |
---|---|---|
dc.contributor.author | Yoon, Sung-Geun | ko |
dc.contributor.author | Park, Sunwon | ko |
dc.contributor.author | Lee, Jeongseok | ko |
dc.contributor.author | Verderame, Peter M. | ko |
dc.contributor.author | Floudas, Christodoulos A. | ko |
dc.date.accessioned | 2013-03-11T23:12:32Z | - |
dc.date.available | 2013-03-11T23:12:32Z | - |
dc.date.created | 2012-02-06 | - |
dc.date.created | 2012-02-06 | - |
dc.date.issued | 2009-02 | - |
dc.identifier.citation | INDUSTRIAL & ENGINEERING CHEMISTRY RESEARCH, v.48, no.3, pp.1511 - 1521 | - |
dc.identifier.issn | 0888-5885 | - |
dc.identifier.uri | http://hdl.handle.net/10203/100630 | - |
dc.description.abstract | Petrochemical companies have focused on mergers and acquisitions (M&A) as a strategic option; however, there are very few quantitative tools which can critically evaluate M&A. The objectives of M&A are rapid growth by increasing the external scale of a company and strengthening its cost competitiveness. In particular, many petrochemical mergers occur within a complex. This study presents, a novel mathematical model to select an optimal target company for the vertical merger in a petrochemical complex. The model is applied to the problem of one acquirer and five target companies within a complex. The results of the optimization studies are analyzed with regard to profit, synergy, variability, and cost efficiency of the merger. One target company is ultimately selected with a synergy of $264 million with $0.81 million of capital investment. The industrial case study demonstrates the viability of the given model for analyzing real M&A problems within a complex. | - |
dc.language | English | - |
dc.publisher | AMER CHEMICAL SOC | - |
dc.subject | PROCESS INTEGRATION | - |
dc.subject | UTILITY SYSTEMS | - |
dc.subject | INDUSTRY | - |
dc.subject | OPTIMIZATION | - |
dc.subject | MANAGEMENT | - |
dc.subject | NETWORKS | - |
dc.subject | PLANT | - |
dc.subject | MODEL | - |
dc.subject | TOOL | - |
dc.title | Selecting the Optimal Target Company Based on Synergy Calculation for the Vertical Merger in a Petrochemical Complex | - |
dc.type | Article | - |
dc.identifier.wosid | 000262892800062 | - |
dc.identifier.scopusid | 2-s2.0-61549085243 | - |
dc.type.rims | ART | - |
dc.citation.volume | 48 | - |
dc.citation.issue | 3 | - |
dc.citation.beginningpage | 1511 | - |
dc.citation.endingpage | 1521 | - |
dc.citation.publicationname | INDUSTRIAL & ENGINEERING CHEMISTRY RESEARCH | - |
dc.identifier.doi | 10.1021/ie8011787 | - |
dc.contributor.localauthor | Park, Sunwon | - |
dc.contributor.nonIdAuthor | Lee, Jeongseok | - |
dc.contributor.nonIdAuthor | Verderame, Peter M. | - |
dc.contributor.nonIdAuthor | Floudas, Christodoulos A. | - |
dc.type.journalArticle | Article | - |
dc.subject.keywordPlus | PROCESS INTEGRATION | - |
dc.subject.keywordPlus | UTILITY SYSTEMS | - |
dc.subject.keywordPlus | INDUSTRY | - |
dc.subject.keywordPlus | OPTIMIZATION | - |
dc.subject.keywordPlus | MANAGEMENT | - |
dc.subject.keywordPlus | NETWORKS | - |
dc.subject.keywordPlus | PLANT | - |
dc.subject.keywordPlus | MODEL | - |
dc.subject.keywordPlus | TOOL | - |
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