Lumpy Capacity Investment and Disinvestment Dynamics
نویسندگان
چکیده
منابع مشابه
Lumpy Capacity Investment and Disinvestment Dynamics
Capacity addition and withdrawal decisions are among the most important strategic decisions made by rms in oligopolistic industries. In this paper, we develop and analyze a fully dynamic model of an oligopolistic industry with lumpy capacity and lumpy investment/disinvestment. We use our model to suggest answers to two questions. First, what economic factors facilitate preemption races? Second...
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In oligopolistic industries firms face at least two types of uncertainty. First, there is uncertainty about the evolution of demand and possibly also production technology. This type of uncertainty is typically exogenous to the industry. Second, there is uncertainty that emerges endogenously from the strategic decisions of firms. This strategic uncertainty often arises because a firm does not k...
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ژورنال
عنوان ژورنال: Operations Research
سال: 2010
ISSN: 0030-364X,1526-5463
DOI: 10.1287/opre.1100.0823