Optimization of Building Exit Layout: Combining Exit Decisions of Evacuees

Game Theoretic Best-Response Dynamics for Evacuees' Exit Selection

We present a model for evacuees’ exit selection in emergency evacuations. The model is based on the game theoretic concept of best response dynamics, where each player updates his strategy periodically by reacting optimally to other players’ strategies. A fixed point of the system of all players’ best response functions defines a Nash equilibrium (NE) of the game. In the model the players are t...

Hedging entry and exit decisions: activating and deactivating barrier options

Investment projects and businesses can be entered or exited at a cost, and the theory of real option teaches us how to find optimal activity levels that should trigger entry or exit. However, in practice, different managers or owners operate under different constraints and might apply different thresholds to the same business. We are interested in the hedging of the risk related to the cost of ...

Dual-option Subsidiaries and Exit Decisions in Economic Crisis

This study examines the dual implications of dual-option subsidiaries on exit decisions during times of economic crisis. Retaining dual-option subsidiaries in crisis-stricken countries means leaving a shadow option open for future growth once a crisis ends. However, MNCs may encounter problems pursuing either option due to challenges in managing dual-option subsidiaries with clashing strategic ...

Entry and Exit Decisions under Uncertainty in a Symmetric Duopoly

In this paper, we analyze entry and exit decisions in a symmetric duopoly setting. The model is based on Dixit (1989), which is a standard model in this area. To incorporate competitive nature into the output price, we use an inverse demand function. We aim to present an equilibrium strategy of entry and exit decisions in a symmetric duopoly. To do so, we consider four states of two firms and p...

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