A discrete investment model of a production project is considered. Stoppage and recovery of production are allowed. The project is scrapped if the maintenance costs exceed some limit. The optimal maintenance cost threshold is calculated. Copyright 2001 Plenum Publishing Corporation.
机构:
Univ Oxford, Said Business Sch, Oxford OX1 2JD, England
Univ Porto, Fac Econ, P-4200464 Oporto, PortugalUniv Oxford, Said Business Sch, Oxford OX1 2JD, England
Cardoso, David
Pereira, Paulo J.
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机构:
Univ Porto, Fac Econ, P-4200464 Oporto, Portugal
CEF UP, Oporto, PortugalUniv Oxford, Said Business Sch, Oxford OX1 2JD, England
机构:
Stockholm Univ, Inst Int Econ Studies, Stockholm, Sweden
Res Inst Ind Econ, Stockholm, SwedenStockholm Univ, Inst Int Econ Studies, Stockholm, Sweden
Lindbeck, Assar
Weibull, Jorgen
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Stockholm Sch Econ SSE, Stockholm, SwedenStockholm Univ, Inst Int Econ Studies, Stockholm, Sweden