Production processes with different levels of risk: addressing the replacement option

MaRDI QIDQ3391057zbMATH OpenFDO

Authors

Publication date 28 March 2022

Full work available at URL https://www.ine.pt/revstat/pdf/REVSTAT_v19-n4-02.pdf

zbMATH Keywords

exit decisionoptimal stoppingreal optionsreplacement policiesrisk management

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Corporate finance (dividends, real options, etc.) (91G50)

Recommendations

• Market risk and process uncertainty in production operations
• REAL OPTIONS: BATCH PROCESS AND MARKET ENTRY/EXIT DECISIONS UNDER UNCERTAINTY
• Strategic capital budgeting: Asset replacement under market uncertainty
• Replacement decisions with multiple stochastic values and depreciation
• Exit option for a class of profit functions

Cites work

• An investment model with entry and exit decisions
• How to escape a declining market: capacity investment or exit?
• scientific article; zbMATH DE number 5016447 (Why is no real title available?)
• Investment and the Valuation of Firms When There is an Option to Shut Down
• Optimal timing of technology adoption
• Strategic investment in technological innovations
• The Economic Design of Control Charts: A Unified Approach

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