When and how much to invest? Investment and capacity choice under product life cycle uncertainty

DOI10.1016/J.EJOR.2017.01.027MaRDI QIDQ1753535zbMATH OpenOpenAlexFDO

Authors Elmar Lukas, Thomas S. Spengler, Stefan Kupfer, Karsten Kieckhäfer

Publication date 29 May 2018

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2017.01.027

zbMATH Keywords

OR in research and developmentreal optioncapacity choiceBass model based product life cycleelectric vehicle battery

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50) Economic growth models (91B62)

Recommendations

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• scientific article; zbMATH DE number 176009

Cites work

• A new product growth for model consumer durables
• Choosing among alternative discrete investment projects under uncertainty
• Fixed versus flexible production systems: A real options analysis
• Hybrid or electric vehicles? A real options perspective
• Investment and capacity choice under uncertain demand
• Investment timing and optimal capacity choice for small hydropower projects
• Investment timing, debt structure, and financing constraints
• Investments in flexible production capacity
• Irreversible investment in alternative projects
• Irreversible investment with uncertainty and scale economies
• Optimal access pricing for natural monopoly networks when costs are sunk and revenues are uncertain
• Real options and product life cycles
• Real options with unknown-date events
• Strategic investment in technological innovations
• Strategic investment under uncertainty: a synthesis
• The option value of advanced R\&D

Cited in

(10)

• Quality investing and pricing strategies by startups: impacts of demand uncertainties and capital constraint
• New insights in capacity investment under uncertainty
• Rescaling-contraction with a lower cost technology when revenue declines
• Strategic technology switching under risk aversion and uncertainty
• Leaving well-worn paths: reversal of the investment-uncertainty relationship and flexible biogas plant operation
• Capacity investment choices under cost heterogeneity and output flexibility in oligopoly
• Diversity of firm's life cycle adapted from the firm's technology investment decision
• Time-varying firm cash holding and economic policy uncertainty nexus: a quantile regression approach
• The interaction of debt financing, cash grants and the optimal investment policy under uncertainty
• Optimal investment and abandonment decisions for projects with construction uncertainty

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