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Invest or Exit? Optimal Decisions in the Face of a Declining Profit Stream
16 references·5 citing·37 second hop
Invest or Exit? Optimal Decisions in the Face of a Declining Profit Stream (2010)Invest or Exit? Optimal Decisions in the …The Innovator's Dilemma (2011)The Innovator's DilemmaOptimal stopping and free-boundary problems (2006)Optimal stopping and free-bou…Stochastic Differential Equations (2003)Stochastic Differential Equat…Handbook of Brownian Motion - Facts and Formulae (2002)Handbook of Brownian Motion -…Optimal timing of technology adoption (1998)Optimal timing of technology …Handbook of Brownian Motion — Facts and Formulae (1996)Handbook of Brownian Motion —…Investment and Hysteresis (1992)Investment and HysteresisEntry and Exit Decisions under Uncertainty (1989)Entry and Exit Decisions unde…Brownian Motion and Stochastic Flow Systems. (1987)Brownian Motion and Stochasti…Optimal Lot Sizing, Process Quality Improvement and Setup Cost Reduction (1986)Optimal Lot Sizing, Process Q…Investment and the Valuation of Firms When There is an Option to Shut Down (1985)Investment and the Valuation …Investing in Reduced Setups in the EOQ Model (1985)Investing in Reduced Setups i…Information Acquisition and the Adoption of New Technology (1985)Information Acquisition and t…The Value of Waiting to Invest (1982)The Value of Waiting to InvestAdoption and diffusion of an innovation of uncertain profitability (1982)Adoption and diffusion of an …Optimal Timing of Innovations (1968)Optimal Timing of InnovationsCompetitive Investment with Bayesian Learning: Choice of Business Size and Timing (2021)Competitive Investment with B…Optimal DOL (degree of operating leverage) with investment and production flexibility (2018)Optimal DOL (degree of operat…How to escape a declining market: Capacity investment or Exit? (2016)How to escape a declining mar…Optimal technology adoption when the arrival rate of new technologies changes (2014)Optimal technology adoption w…Acquisition of Project-Specific Assets with Bayesian Updating (2011)Acquisition of Project-Specif…Capital Theory and Investment Behavior (1963)Option pricing when underlying stock returns are discontinuous (1976)Irreversibility, Uncertainty, and Cyclical Investment (1980)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Joint Ventures and the Option to Expand and Acquire (1991)Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network (1994)Theory of Rational Option Pricing (1973)Oil Shocks and the Macroeconomy: The Role of Price Variability* (1995)Applications of Social Capital in Educational Literature: A Critical Synthesis (2002)Theory of rational option pricing (2005)Economic Geography and Public Policy (2011)Investment in Human Capital: A Theoretical Analysis (1962)Evaluating Natural Resource Investments (1985)Irreversibility, Uncertainty, and Investment (1990)The Asset-Pricing Implications of Government Economic Policy Uncertainty (2015)Total quality control (1961)Lot Sizing with Random Yields: A Review (1995)Economic production quantity model for items with imperfect quality (2000)Closed-Loop Supply Chain Models with Product Remanufacturing (2004)Drift Independent Volatility Estimation Based on High, Low, Open, and Close Prices (2000)EXPLOSIVE BEHAVIOR IN THE 1990s NASDAQ: WHEN DID EXUBERANCE ESCALATE ASSET VALUES?* (2009)Fluctuations of Lévy Processes with Applications (2014)Time-changed Lévy processes and option pricing (2003)Selection, Growth, and the Size Distribution of Firms (2007)A Continuous-Time Version of the Principal–Agent Problem (2008)The Interplay Between Exploration and Exploitation (2006)Organizational Ambidexterity: Antecedents, Outcomes, and Moderators (2008)Positioning and Presenting Design Science Research for Maximum Impact1 (2013)The Role of Portfolio Constraints in the International Propagation of Shocks (2008)Stochastic Differential Equations (2014)Numerical Solution of Stochastic Differential Equations (2016)A survey and some generalizations of Bessel processes (2003)Exponential functionals of Brownian motion, I: Probability laws at fixed time (2005)A jump to default extended CEV model: an application of Bessel processes (2006)Optimality results for dividend problems in insurance (2009)Waiting for News in the Market for Lemons (2012)Sorting through Search and Matching Models in Economics (2017)
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References

  • 1982The Value of Waiting to Invest3,606 cited
  • 2011The Innovator's Dilemma2,893 cited
  • 1989Entry and Exit Decisions under Uncertainty2,356 cited
  • 2003Stochastic Differential Equations2,090 cited
  • 1996Handbook of Brownian Motion — Facts and Formulae1,391 cited
  • 1986Optimal Lot Sizing, Process Quality Improvement and Setup Cost Reduction1,161 cited
  • 2002Handbook of Brownian Motion - Facts and Formulae1,094 cited
  • 1987Brownian Motion and Stochastic Flow Systems.1,091 cited
  • 2006Optimal stopping and free-boundary problems1,068 cited
  • 1992Investment and Hysteresis985 cited
  • 1985Investment and the Valuation of Firms When There is an Option to Shut Down759 cited
  • 1985Investing in Reduced Setups in the EOQ Model442 cited
  • 1982Adoption and diffusion of an innovation of uncertain profitability375 cited
  • 1968Optimal Timing of Innovations276 cited
  • 1998Optimal timing of technology adoption256 cited
  • 1985Information Acquisition and the Adoption of New Technology243 cited

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Cited by

  • 2014Optimal technology adoption when the arrival rate of new technologies changes40 cited
  • 2016How to escape a declining market: Capacity investment or Exit?40 cited
  • 2021Competitive Investment with Bayesian Learning: Choice of Business Size and Timing36 cited
  • 2018Optimal DOL (degree of operating leverage) with investment and production flexibility31 cited
  • 2011Acquisition of Project-Specific Assets with Bayesian Updating27 cited