Fixed versus flexible production systems: A real options analysis

DOI10.1016/J.EJOR.2007.04.001zbMath1138.91440OpenAlexW1994191507MaRDI QIDQ2469595

Dalila B. M. M. Fontes

Publication date: 6 February 2008

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2007.04.001

zbMATH Keywords

investment analysisstochastic dynamic programmingreal optionsbinomial latticefixed and flexible capacity investments

Mathematics Subject Classification ID

Related Items (12)

Revisiting corporate growth options in the presence of state-dependent cashflow risk ⋮ Model risk in real option valuation ⋮ Capacity choice under uncertainty in a duopoly with endogenous exit ⋮ Comparison of least squares Monte Carlo methods with applications to energy real options ⋮ When and how much to invest? Investment and capacity choice under product life cycle uncertainty ⋮ A stochastic model with interacting managerial operating options and debt rescheduling ⋮ Real options in operations research: a review ⋮ Flexible waste management under uncertainty ⋮ A Real Options Model for the Disinvestment in Conventional Power Plants ⋮ Uncertainty and stepwise investment ⋮ A path-dependent contingent-claims approach to capacity investments ⋮ To expand and to abandon: real options under asset variance risk premium

Cites Work

• Investments in flexible production capacity
• Real Options and Product Life Cycles
• Investment and the Valuation of Firms When There is an Option to Shut Down
• Option pricing: A simplified approach

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