碩士 / 國立交通大學 / 經營管理研究所 / 93 / ABSTRACT
Taking the advantage of submarine cable market deregulation in 2000, Asia Global Crossing obtained the first grant of cable landing license to land and operate a private fiber-optic cable system in Taiwan. The serious impact on Taiwan international bandwidth market was caused by AGC when AGC won a competitive bid over the other players to provide the capacity of TANet's international Internet connectivity between Taiwan and the USA. In addition to the existing IPLC (International Private Leased Circuit), a new product IRU(indefeasible right of use) was introduced to meet the demand for international bandwidth service and the sale of capacity in the form of IRU seems to be the best method to generate cash revenue for private cable operators.
The international bandwidth market in Taiwan is undergoing major change following the private cable landing, especially for the regional incumbents. The supply of submarine bandwidth has grown spectacularly over the past four years but the demand for international bandwidth continued to lag owing to the after Internet bubble. The surge of new submarine capacity had a particularly strong effect on capacity prices which have dropped at a breathtaking rate on international routes. The STM-1 lease prices have fallen by more than 80 percent since mid-year 2000. Under the prices tumbling circumstances, the issue whether the IRU, compared with IPLC, is the right choice for international bandwidth operators has become the focus of this research.
In this research we present a new methodology of lease versus purchase decision. In the view of the international bandwidth market with dynamic demand, this research applies the method of dynamic programming to compare the accumulated cost caused by IPLC and IRU and to find out, in terms of the minimum cost and lowest risk of acquisition of the international bandwidth, the better bandwidth acquisition solution. The application of real option on investment decisions is also introduced to realize the possibility of improving sales terms and conditions for the buyer’s market. Those improvements are such as the use of protective option and reduction of O&M cost. Finally, this research proposes the suggestions and recommendations for purchasing IRU to international bandwidth operators.
| Identifer | oai:union.ndltd.org:TW/093NCTU5457007 |
| Date | January 2005 |
| Creators | 蔡素珍 |
| Contributors | 毛治國 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 66 |
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