Optimal partially reversible investment with entry decision and general production function
نویسندگان
چکیده
منابع مشابه
Optimal Partially Reversible Investment with Entry Decision and General Production Function
This paper studies the problem of a company that adjusts its stochastic production capacity in reversible investments by purchasing capital at a given price and selling capital at a lower price. The company may also decide on the activation time of its production. The profit production function is of a very general form satisfying minimal standard assumptions. The objective of the company is to...
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ژورنال
عنوان ژورنال: Stochastic Processes and their Applications
سال: 2005
ISSN: 0304-4149
DOI: 10.1016/j.spa.2004.12.002