On a Stochastic, Irreversible Investment Problem
نویسندگان
چکیده
منابع مشابه
On a Stochastic, Irreversible Investment Problem
The productive sector of the economy, represented by a single firm employing labour to produce the consumption good, is studied in a stochastic continuous time model on a finite time interval. The firm must choose the optimal level of employment and capital investment in order to maximize its expected total profits. In this stochastic control problem the firm’s capacity is modelled as an Itô pr...
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Le savant n'étudie pas la nature parce que cela est utile ; il l'étudie parce qu'il y prend plaisir et il y prend plaisir parce qu'elle est belle. A The Meyer-Zheng Topology 95 References 100 Introduction In the last years the theory of irreversible investment under uncertainty has received much attention in Economics as well as in Mathematics (see, for example, the extensive review in Dixit an...
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ژورنال
عنوان ژورنال: SIAM Journal on Control and Optimization
سال: 2009
ISSN: 0363-0129,1095-7138
DOI: 10.1137/070703880