Optimal investment and production decisions and the value of the firm

被引：2

作者：

Gonzalo Cortazar

Eduardo S. Schwartz

Andrés Löwener

机构：

[1] Pontificia Universidad Católica de Chile,Departamento de Ingeniería Industrial y de Sistemas

[2] University of California at Los Angeles,Anderson Graduate School of Management

来源：

Review of Derivatives Research | 1998年 / 2卷 / 1期

关键词：

real options; investment and production under uncertainty;

D O I：

10.1007/BF01487306

中图分类号：

学科分类号：

摘要：

We explore the effects of uncertainty on a firm that can respond by modifying its investment or production schedule (or both simultaneously) to variations in output price. Investment may increase capacity and/or reduce costs. We consider a firm with finite resources.

引用

页码：39 / 57

页数：18

共 23 条

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