Investments in cost reductions are critical for the long run success of companies that operate in dynamic and stochastic market environments. This paper studies optimal investment in cost reductions as a real option under the assumption that a single firm faces two different sources of risk, stochastic demand and input prices. We derive optimal investment strategies for a monopoly as well as a ...

The application of autonomous agents by the provisioning and usage of computational services is an attractive research field. Various methods and technologies in the area of artificial intelligence, statistics and economics are playing together to achieve i) autonomic service provisioning and usage of Grid services, to invent ii) competitive bidding strategies for widely used market mechanisms ...

today, the real problem in iran is a supply and demand problem in all aspects of the economy. from skilled and semi- skilled manapower (ssm) perspective, supply and demand are repidly changing but in opposite directions (ellig, 1990). on the demand side, the emphasis is on a skilled and semi- skilled workforce, but on the supply side, entrylevel workers are high school graduates who are functio...