Two extensions are provided to a model of lumpy investment originally formulated by Srinivasan. The extensions are provided in the context of an electric utility. The first extension shows the effect on optimal cycle time and investment size of constraining an electric utility to carry excess...

In this paper an analysis is made of the investments in turbogenerator sets made by a sample of 15 firms in the electric utilities industry for the period 1948 through 1969. Two models of firm investment are proposed and tested. The first is directly related to an earlier work of Chenery, in...