Time to build and aggregate work-in-progress

被引:1
作者
Milne, A [1 ]
Whalley, AE [1 ]
机构
[1] City Univ Business Sch, Dept Banking & Finance, Barbican Ctr, London EC2Y 8HB, England
关键词
inventory dynamics; time to build; work-in-progress; the analytic method of lines;
D O I
10.1016/S0925-5273(00)00116-X
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
We solve two models of time to build, a first, where production cannot be suspended once started and a second, with costless suspension of production, and use a numerical scheme to analyse the implications of these models for the dynamics of aggregate work-in-progress. (C) 2001 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:165 / 175
页数:11
相关论文
共 9 条
  • [1] BarIlan A, 1996, AM ECON REV, V86, P610
  • [2] BELSEY D, 1967, IND PRODUCTION BEHAV
  • [3] CARR P, 1994, FAST ACCURATE VALUAT
  • [4] Dixit K., 1994, INVESTMENT UNCERTAIN
  • [5] Holt C.C., 1960, PLANNING PRODUCTION
  • [6] TIME TO BUILD AND AGGREGATE FLUCTUATIONS
    KYDLAND, FE
    PRESCOTT, EC
    [J]. ECONOMETRICA, 1982, 50 (06) : 1345 - 1370
  • [7] TIME TO BUILD, OPTION VALUE, AND INVESTMENT DECISIONS
    MAJD, S
    PINDYCK, RS
    [J]. JOURNAL OF FINANCIAL ECONOMICS, 1987, 18 (01) : 7 - 27
  • [8] THE VALUE OF WAITING TO INVEST
    MCDONALD, R
    SIEGEL, D
    [J]. QUARTERLY JOURNAL OF ECONOMICS, 1986, 101 (04) : 707 - 727
  • [9] 'Time to build, option value and investment decisions': a comment
    Milne, A
    Whalley, AE
    [J]. JOURNAL OF FINANCIAL ECONOMICS, 2000, 56 (02) : 325 - 332