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Investment with an arithmetic process and lags

โœ Scribed by Avner Bar-Ilan


Book ID
102502807
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
61 KB
Volume
21
Category
Article
ISSN
0143-6570

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โœฆ Synopsis


Abstract

This paper presents an explicit solution of a simple investment problem with entry lags and when the underlying stochastic process is arithmetic. It is shown that, without abandonment, the optimal investment plan is independent of the length of the lag. Copyright ยฉ 2000 John Wiley & Sons, Ltd.


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In the optimization of chemical processes at the design stage, it is suggested that the optimization of a linear function of profit and investment allows the economics of the process to be presented in a particularly simple way. All technical considerations have been taken into account and the final