Assessing Alternative R&D Investment Projects under Uncertainty
Assessing Alternative R&D Investment Projects under Uncertainty
复制标题
DOI：
10.12949/ijros.1.1
复制
发表时间：
2013
期刊：
影响因子：
--
通讯作者：
M. Tsujimura
中科院分区：
文献类型：
--
作者：
M. Tsujimura
在本文中，我们考虑了两种技术，它们的生产力水平和相关成本的区别，这样一种技术增加的产出量超过替代技术。然后，公司必须决定投资哪种技术以及何时投资于所选的研发项目，以实现利润最大化。为了解决这个问题，我们将其表述为公司的最优停止问题。利用这一分析，我们内生地获得了企业的研发投资支出，并从数字上确定了企业项目的研发投资门槛。
: In this paper, we consider two kinds of technologies distinguished by their level of productivity and associated costs, such that one technology increases the quantity of output more than the alternative technology. The firm must then decide in which technology to invest and when to invest in the chosen R&D project so as to maximize profit. To solve this problem, we formulate it as an optimal stopping problem for the firm. Using this analysis, we endogenously obtain the firm’s expenditure on R&D investment and numerically locate the R&D investment thresholds for the firm’s projects.