|Start Page Number:||288|
|End Page Number:||293|
|Publication Date:||Jun 1992|
|Journal:||European Journal of Operational Research|
|Authors:||Higle Julia, Corrado Charles J.|
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.