GAHUNGU, Joachim; SMEERS, Yves - Center for Operations Research and Econometrics (CORE), … - 2009
continuation
region.
Keywords: real options, dynamic programming, price and cost uncertainty.
JEL Classification: C61, C63, G … and cost uncertainty”.2 Additionnal work on
two assets uncertainty in irreversible investments includes Pindyck[15] and … cost uncertainty" or the (1,1) exchange prob-
2McDonald and Siegel[11] treated the first (one uncertainty) real option …