New insights in capacity investment under uncertainty

DOI10.1016/J.JEDC.2022.104499OpenAlexW4289313590MaRDI QIDQ2102856FDOQ2102856

Authors Anne G. Balter, Kuno J. M. Huisman, Peter M. Kort 

Publication date 12 December 2022

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2022.104499

zbMATH Keywords

optimal stoppingreal optionsinvestment under uncertaintycapacity size

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Recommendations

• Investment and capacity choice under uncertain demand
• Investment timing and capacity choice under uncertainty
• Capacity investment decisions under risk aversion
• Stepwise investment and capacity sizing under uncertainty
• When and how much to invest? Investment and capacity choice under product life cycle uncertainty
• Capacity investment under postponement strategies, market competition, and demand uncertainty
• Technology selection and capacity investment under uncertainty
• A path-dependent contingent-claims approach to capacity investments
• Uncertainty and the trade-off between scale and flexibility in investment
• Optimal capacity expansion under uncertainty

Cites Work

• Capacity choice under uncertainty in a duopoly with endogenous exit
• Capital accumulation, asset values and imperfect product market competition
• Effects of a demand-curve's shape on the optimal solutions of a multi-echelon inventory/pricing model
• Incomplete markets, ambiguity, and irreversible investment
• Investment and capacity choice under uncertain demand
• Investment timing and capacity choice in duopolistic competition under a jump-diffusion model
• Investment timing and capacity decisions with time-to-build in a duopoly market
• Irreversible investment and Knightian uncertainty
• Patent litigation and cross licensing with cumulative innovation
• Stochastic differential equations. An introduction with applications.
• Strategic technology choice and capacity investment under demand uncertainty
• Symmetric equilibrium strategies in game theoretic real option models

Cited In (14)

• Underinvestment and optimal capital structure under environmental constraints
• Sunk costs, entry and clustering
• Capacity choice in (strategic) real options models: a survey
• When and how much to invest? Investment and capacity choice under product life cycle uncertainty
• Irreversible investment under predictable growth: why land stays vacant when housing demand is booming
• Title not available (Why is no real title available?)
• A model of the optimal entry-exit and capacity expansion of real estate developers under the stochastic demand
• A path-dependent contingent-claims approach to capacity investments
• Investment timing and optimal capacity choice for small hydropower projects
• Real options and product life cycles
• Stepwise investment and capacity sizing under uncertainty
• Title not available (Why is no real title available?)
• Optimal investment timing and size of a logistics park: a real options perspective
• Decision-making on investment capacity

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