Kort, Peter M. (contributor); Murto, Pauli (contributor); … - 2008
more profitable
stage of project due to, for example, technological constraints.
8
dynamic programming equation for the … investment strategy.
JEL Classification: C61, D81, G31
Keywords: Real options, capital budgeting, project flexibility, dynamic … programming
Peter M. Kort Pauli Murto
Department of Econometrics & Department of Economics,
Operations Research and CentER …