An investment model with entry and exit decisions

被引：1

作者：

Duckworth, JK ^{[1
]}

Zervos, M

机构：

[1] Newcastle Univ, Sch Math & Stat, Dept Stat, Newcastle Upon Tyne NE1 7RU, Tyne & Wear, England

[2] Kings Coll London, Dept Math, London WC2R 2LS, England

来源：

JOURNAL OF APPLIED PROBABILITY | 2000年 / 37卷 / 02期

关键词：

stochastic control; optimal stopping; real assets;

D O I：

10.1017/S0021900200015734

中图分类号：

O21 [概率论与数理统计]; C8 [统计学];

学科分类号：

020208 ; 070103 ; 0714 ;

摘要：

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.

引用

下载

页码：547 / 559

页数：13

共 50 条

[1] A dynamic model for venture capitalists' entry-exit investment decisions
Ferreira, Ricardo M.
Pereira, Paulo J.
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 2021, 290 (02) : 779 - 789
[2] ENTRY AND EXIT DECISIONS UNDER UNCERTAINTY
DIXIT, A
JOURNAL OF POLITICAL ECONOMY, 1989, 97 (03) : 620 - 638
[3] Entry and exit decisions in flexible teams
Christensen, Michael
Knudsen, Thorbjorn
JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2008, 39 (08) : 1278 - 1292
[4] Entry and exit decisions in flexible teams
Michael Christensen
Thorbjørn Knudsen
Journal of International Business Studies, 2008, 39 : 1278 - 1292
[5] Labor market entry and exit decisions.
Vera-Toscano, E
Phimister, E
Weersink, A
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1999, 81 (05) : 1326 - 1327
[6] A model of entry-exit decisions and capacity choice under demand uncertainty
Isik, M
Coble, KH
Hudson, D
House, LO
AGRICULTURAL ECONOMICS, 2003, 28 (03) : 215 - 224
[7] Entry-exit decisions with output reduction during exit periods
Zhang, Yong -Chao
AIMS MATHEMATICS, 2024, 9 (03): : 6555 - 6567
[8] An entry and exit model on the energy-saving investment strategy with real options
Lin, Tyrone T.
Huang, Shio-Ling
ENERGY POLICY, 2010, 38 (02) : 794 - 802
[9] The dynamic investment and exit decisions of venture capitals
Chen, Zhuming
Chen, Can
Lin, Tao
Chen, Xiaoguo
NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, 2021, 55
[10] ENTRY DETERRENCE, DIVISIONALIZATION, AND INVESTMENT DECISIONS
VEENDORP, ECH
QUARTERLY JOURNAL OF ECONOMICS, 1991, 106 (01): : 297 - 307

← 1 2 3 4 5 →