| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1143471 | Operations Research Letters | 2008 | 5 Pages |
Abstract
We consider investments in development projects within competitive environments where the “winner takes everything”. Under stationary uncertainty, it is optimal to start investing immediately at full capacity and continue until exhausting the allocated budget. For non-stationary environments, active investment, possibly deferred, will always be at full capacity; an example demonstrates that further tractable structure may not be available.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Boaz Golany, Uriel G. Rothblum,