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Heimeshoff, Gerrit Ulrich - 2008

the determinants of telecommunications investments and presents two possible solutions to the investment problem. The …

Persistent link: https://www.econbiz.de/10009451158

Models on CO2 abatement under uncertainty

Thomas S. Lontzek - 2009

nature of investment. Installation of the desired capital stock simply takes time if we do not want to abstain from smooth …

Persistent link: https://www.econbiz.de/10009429038

The economics of urban water policy : infrastructure, scarcity, and conservation

Hansen, Jason - 2009

management. Three primary results are: first, that the optimal infrastructure investment path is impacted by existing capital … mitigates aquifer drawdown and generates excess revenue that may be used for capital investment. Third, to achieve water … United States need money for infrastructure repair and replacement. Utility level investment needs are grounded in existing …

Persistent link: https://www.econbiz.de/10009429647

Service-level agreements in call centers: Perils and prescriptions

Milner, JM; Olsen, TL - 2008

Acall center with both contract and noncontract customers was giving priority to the contract customers only in off-peak hours, precisely when having priority was least important. In this paper, we investigate whether this is rational behavior on the part of the call center and what the...

Persistent link: https://www.econbiz.de/10009431040

On the dynamics of capital accumulation across space

Camacho, Carmen; Zou, Benteng; Briani, Maya - 2005

We solve an optimal growth model in continuous space, continuous and bounded time. The optimizer chooses the optimal trajectories of capital and consumption across space and time by maximizing an objective function with both space and time discounting. We extract the corresponding Pontryagin...

Persistent link: https://www.econbiz.de/10009452481

Optimal Stopping under Ambiguity in Continuous Time

Riedel, Frank - 2010

We develop a theory of optimal stopping problems under ambiguity in continuous time. Using results from (backward) stochastic calculus, we characterize the value function as the smallest (nonlinear) supermartingale dominating the payoff process. For Markovian models, we derive an adjusted...

Persistent link: https://www.econbiz.de/10009452622

The dynamic approach to heterogeneous innovations

Bondarev, Anton - 2011

those products which are already invented for any given time t. The role of heterogeneity of the investment characteristics … of the model. That is the considered special case of the model with homogeneous investment characteristics of products do … problem and variety expansion problems. The explicit formulation of optimal investment rules is given. Optimal investments …

Persistent link: https://www.econbiz.de/10009452646

The Economics of Malaria Vector Control

Brown, Zachary Steven - 2011

In recent years, government aid agencies and international organizations have increased their financial commitments to controlling and eliminating malaria from the planet. This renewed emphasis on elimination is reminiscent of a previous worldwide campaign to eradicate malaria in the 1960s, a...

Persistent link: https://www.econbiz.de/10009475393

Applications of Decision Analysis to Health Care

Hagtvedt, Reidar - 2007

patients consume more hospital services. The main results are that even with fixed technology, investment and prices exhibit …

Persistent link: https://www.econbiz.de/10009475954

Optimal harvesting of fish stocks under a time-varying discount rate

Duncan, Stephen; Hepburn, Cameron; Papachristodoulou, … - 2011

Optimal control theory has been extensively used to determine the optimal harvesting policy for renewable resources such as fish stocks. In such optimisations, it is common to maximise the discounted utility of harvesting over time, employing a constant time discount rate. However, evidence from...

Persistent link: https://www.econbiz.de/10009441415