Uncertainty and the trade-off between scale and flexibility in investment

DOI10.1016/j.jedc.2012.04.008zbMath1345.91016OpenAlexW3122234148MaRDI QIDQ311026

Graeme Guthrie

Publication date: 28 September 2016

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2012.04.008

zbMATH Keywords

uncertaintyreal optionsinvestmenteconomies of scale

Mathematics Subject Classification ID

Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Production theory, theory of the firm (91B38)

Related Items (4)

Uncertain dynamics, correlation effects, and robust investment decisions ⋮ Optimal Sequential Investment Decision-Making with Jump Risk ⋮ Investment flexibility as a barrier to entry ⋮ Regression Monte Carlo for impulse control

Cites Work

• The effect of uncertainty on investment timing in a real options model
• Uncertainty and stepwise investment
• A model of sequential investment
• On the investment-uncertainty relationship in a real options model
• Capacity Expansion and Probabilistic Growth

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