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Technology investment under flexible capacity strategy with demand uncertainty

โœ Scribed by Yang, Liu; Wang, Yonggui; Ma, Jun; Ng, Chi To; Cheng, T.C.E.

Book ID
122704864
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
465 KB
Volume
154
Category
Article
ISSN
0925-5273

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Consider a ยฎrm that markets multiple products, each manufactured using several resources representing various types of capital and labor, and a linear production technology. The ยฎrm faces uncertain product demand and has the option to dynamically readjust its resource investment levels, thereby chan