Adoption of uncertain multi-stage technology projects: a real options approach
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Publication:5931984
DOI10.1016/S0304-4068(00)00050-1zbMath0970.91030MaRDI QIDQ5931984
Rune Stenbacka, Luis H. R. Alvarez
Publication date: 23 October 2001
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Stopping times; optimal stopping problems; gambling theory (60G40) Diffusion processes (60J60) Optimal stopping in statistics (62L15) Corporate finance (dividends, real options, etc.) (91G50)
Related Items (12)
Impact of operating costs on investment strategies in new technology adoption with a further new technology anticipated ⋮ Exit option for a class of profit functions ⋮ Optimal technology adoption when the arrival rate of new technologies changes ⋮ How to escape a declining market: capacity investment or exit? ⋮ Optimal stopping with information constraint ⋮ Exit problems in regime-switching models ⋮ Optimal regime switching under risk aversion and uncertainty ⋮ An approach to the valuation and decision of ERP investment projects based on real options ⋮ Ergodic control of diffusions with random intervention times ⋮ Timing of investment under technological and revenue-related uncertainties ⋮ Some results on optimal stopping under phase-type distributed implementation delay ⋮ Competitive investment strategies in new technology adoption with a further new technology anticipated
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- Robustness of the Black and Scholes Formula
- Stochastic differential equations. An introduction with applications.
- The impact of delivery lags on irreversible investment under uncertainty
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