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Persistent link: https://www.econbiz.de/10014533387
This paper uses a real options approach to analyze investments in process improvement. We develop a simple, stochastic model of a firm making investment decisions in process improvement. Our analysis offers several interesting insights into investments in process improvement. First, early...
Persistent link: https://www.econbiz.de/10014026199
Persistent link: https://www.econbiz.de/10003754404