Demand uncertainty and the value of supply opportunities

DOI10.1007/BF01250113zbMath0867.90016MaRDI QIDQ677028

Luis H. R. Alvarez

Publication date: 23 March 1997

Published in: Journal of Economics (Search for Journal in Brave)

zbMATH Keywords

demand uncertaintyoptimal timing of production decisionssmooth-fit principle

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62) Stopping times; optimal stopping problems; gambling theory (60G40)

Related Items (3)

On the properties of \(r\)-excessive mappings for a class of diffusions ⋮ The impact of delivery lags on irreversible investment under uncertainty ⋮ Optimal exit and valuation under demand uncertainty: a real options approach

Cites Work

• The Price-Taker: Uncertainty, Utility, and the Supply Function

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