Mieghem, Jan A. Van; Dada, Maqbool - In: Management Science 45 (1999) 12, pp. 1639-1649
firms make three decisions: capacity investment, production (inventory) quantity, and price. Typically, investments are made … investment decision of the firm and its value. In contrast to production postponement, price postponement makes the investment … and production (inventory) decisions relatively insensitive to uncertainty. This suggests that managers can make optimal …