Economic investment times for capacity expansion problems

Economic investment times for capacity expansion problems

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Article ID: iaor1996419
Country: Netherlands
Volume: 59
Issue: 2
Start Page Number: 288
End Page Number: 293
Publication Date: Jun 1992
Journal: European Journal of Operational Research
Authors: ,
Keywords: capacity expansion
Abstract:

A simple rule for the determination of the optimal investment time for a capacity expansion problem is provided. Based on a general class of stochastic demand processes of practical interest, the timing rule is shown to be independent of the descriptive characteristics of the demand process, and thus, can be considered to be robust in nature.

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