Blar i Discussion papers (FOR) på emneord "investment analysis"
Viser treff 1-2 av 2
-
Stepwise Investment and Capacity Sizing under Uncertainty
(Discussion paper;10/15, Working paper, 2015-02-13)The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple ... -
When is it better to wait for a new version? : optimal replacement of an emerging technology under uncertainty
(Discussion papers;26/14, Working paper, 2014-06)We determine the optimal timing for replacement of an emerging technology facing uncertainty in both the output price and the arrival of new versions. Via a sequential investment framework, we determine the value of the ...