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.
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页码：39 / 57
页数：18
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