Optimal Boundary Surface for Irreversible Investment with Stochastic Costs
Work
Year: 2017
Type: article
Abstract: This paper examines a Markovian model for the optimal irreversible investment problem of a firm aiming at minimizing total expected costs of production. We model market uncertainty and the cost of inv... more
Institutions University of Leeds, University of Siena, Bielefeld University
Cites: 42
Cited by: 33
Related to: 10
FWCI: 4.306
Citation percentile (by year/subfield): 99.99
Subfield: Finance
Domain: Social Sciences
Open Access status: green