An investment model with entry and exit decisions
2000 ◽
Vol 37
(2)
◽
pp. 547-559
◽
Keyword(s):
We consider an investment model which generalizes a number of models that have been studied in the literature. The model involves entry and exit decisions as well as decisions relating to production scheduling. We then address the problem of its valuation from the standpoint of the dynamic programming approach. Our analysis results in a closed form analytic solution that can take qualitatively different forms depending on parameter values.
2000 ◽
Vol 37
(02)
◽
pp. 547-559
◽
2012 ◽
Vol E95-B
(2)
◽
pp. 551-562
◽
Keyword(s):
2013 ◽
Vol 65
(4)
◽
pp. 634-645
◽