Our paper explores the optimal investment in integrative technologies (such as command and control systems), which are a major part of defense R&D at the beginning of the 21st century. Employing a dynamic optimization framework, we find that under linear development costs, it may be optimal or...

An ever-growing share of defence R&D expenditures is being dedicated to the development and fielding of integrative technologies that enable separate individual systems to work in a coordinated and synergistic fashion as a single system. This study explores the optimal defence budget allocation...

Elektrizitätspreise, die täglich mehrmals in Abhängigkeit von der Nachfrage variieren, haben sich bewährt. Die Industriekunden richten ihren Bedarf danach aus und dadurch können die Elektrizitätswerke die Nachfrageschwankungen besser im voraus einplanen. (DÜI-Seu)