How to escape a declining market: capacity investment or exit?
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Publication:323283
DOI10.1016/J.EJOR.2016.04.009zbMATH Open1346.91123OpenAlexW2339930947MaRDI QIDQ323283FDOQ323283
Authors: Verena Hagspiel, Kuno J. M. Huisman, Peter M. Kort, Cláudia Nunes 
Publication date: 7 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.2016.04.009
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Cited In (14)
- Investment in two alternative projects with multiple switches and the exit option
- Rescaling-contraction with a lower cost technology when revenue declines
- Model risk in real option valuation
- 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
- Production processes with different levels of risk: addressing the replacement option
- Technology adoption in a declining market
- Hysteresis due to irreversible exit: addressing the option to mothball
- Green electricity investments: environmental target and the optimal subsidy
- The solution to a differential-difference equation arising in optimal stopping of a jump-diffusion process
- Invest or exit? Optimal decisions in the face of a declining profit stream
- The optimal stopping problem revisited
- The interaction of debt financing, cash grants and the optimal investment policy under uncertainty
- The effects of asset liquidity on dynamic sell-out and bankruptcy decisions
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