Optimal technology adoption when the arrival rate of new technologies changes
DOI10.1016/J.EJOR.2014.12.024zbMATH Open1346.91124OpenAlexW2113318695MaRDI QIDQ319237FDOQ319237
Authors: Verena Hagspiel, Kuno J. M. Huisman, Cláudia Nunes
Publication date: 6 October 2016
Published in: European Journal of Operational Research (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.ejor.2014.12.024
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Production theory, theory of the firm (91B38) Stopping times; optimal stopping problems; gambling theory (60G40) Optimal stochastic control (93E20)
Cites Work
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- Optimal timing of technology adoption
- Technological expectations and adoption of improved technology
- Adoption of uncertain multi-stage technology projects: a real options approach
- Information Acquisition and the Adoption of New Technology
- The Adoption of Multiple Dependent Technologies
- Technology adoption with uncertain future costs and quality
- Invest or exit? Optimal decisions in the face of a declining profit stream
- Innovations, improvements, and the optimal adoption of new technologies
Cited In (22)
- When is it better to wait for a new version? Optimal replacement of an emerging technology under uncertainty
- Optimal investment in learning-curve technologies
- Optimal product release time for a new high-tech startup firm under technical uncertainty
- Real options in operations research: a review
- Optimal timing of technology adoption
- Strategic technology adoption taking into account future technological improvements: a real options approach
- Investments with declining cost following a Lévy process
- A real options based decision support tool for R\&D investment: application to CO\(_2\) recycling technology
- Technology adoption in a declining market
- Investment strategies of duopoly firms with asymmetric time-to-build under a jump-diffusion model
- It's not now or never: implications of investment timing and risk aversion on climate adaptation to extreme events
- How to escape a declining market: capacity investment or exit?
- Analytical solution for an investment problem under uncertainties with shocks
- Effects of future unexpected events on new technology commercialization decisions of firms
- The solution to a differential-difference equation arising in optimal stopping of a jump-diffusion process
- Integrating efforts for product development and market penetration
- Optimal regime switching under risk aversion and uncertainty
- Preemption and Rent Equalization in the Adoption of New Technology
- The timing of technology adoption by a cost-minimizing firm.
- A multi-level optimization model of infrastructure-dependent technology adoption: overcoming the chicken-and-egg problem
- Quasi-analytical solution of an investment problem with decreasing investment cost due to technological innovations
- A unified framework for stochastic optimization
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