A model is developed that integrates capital investment decisions with output and pricing decisions for a situation of growing demand. Conditions are derived for the model that permit application of a general approach for determining the optimal sequence and timing of investments in a...

This article develops an empirical model for estimating the relationship between selling price and length of time on market for a unique, large-ticket item. The model provides valuable information in the form of probability statements concerning the length of time to sale at any given price for...

The multi-asset investment renewal problem is characterized by two types of costs: transaction costs incurred when any renewal takes place at a point in time, and investment costs which are associated with renewing individual assets. A discrete-time version of this renewal scheduling problem is...