Optimal technology adoption when the arrival rate of new technologies changes

DOI10.1016/j.ejor.2014.12.024zbMath1346.91124OpenAlexW2113318695MaRDI QIDQ319237

Verena Hagspiel, Clàudia Nunes, Kuno J. M. Huisman

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

zbMATH Keywords

innovationcapital budgetsoptimal control models

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Optimal stochastic control (93E20) Stopping times; optimal stopping problems; gambling theory (60G40)

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Cites Work

• Unnamed Item
• Technological expectations and adoption of improved technology
• Innovations, improvements, and the optimal adoption of new technologies
• Optimal timing of technology adoption
• Technology Adoption with Uncertain Future Costs and Quality
• Invest or Exit? Optimal Decisions in the Face of a Declining Profit Stream
• Information Acquisition and the Adoption of New Technology
• The Adoption of Multiple Dependent Technologies
• Adoption of uncertain multi-stage technology projects: a real options approach

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