Hiring and firing optimally in a large corporation

DOI10.1016/0165-1889(96)00913-XMaRDI QIDQ671536zbMATHOpenAlexFDO

Authors Larry Shepp, Albert N. Shiryaev

Publication date 27 February 1997

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

Full work available at URL https://doi.org/10.1016/0165-1889(96)00913-x

zbMATH Keywords

Wiener processesCorporate policyEconomics modelling

Mathematics Subject Classification ID

Theory of organizations, manpower planning in operations research (90B70)

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(6)

• Optimal capital accumulation under price uncertainty and costly reversibility
• Optimal employment strategies of profit-maximizing and labour-managed firms
• Exercising control when confronted by a (Brownian) spider
• A class of solvable singular stochastic control problems
• The effects of implementation delay on decision-making under uncertainty
• A constrained non-linear regular-singular stochastic control problem, with applications.

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