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140122 ||| eng |
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|a 9783642956713
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| 100 |
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|a Schmutzler, Armin
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| 245 |
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|a Flexibility and Adjustment to Information in Sequential Decision Problems
|h Elektronische Ressource
|b A Systematic Approach
|c by Armin Schmutzler
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| 250 |
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|a 1st ed. 1991
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| 260 |
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|a Berlin, Heidelberg
|b Springer Berlin Heidelberg
|c 1991, 1991
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| 300 |
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|a VIII, 198 p
|b online resource
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|a 1 The Importance of Irreversibility and Learning — Familiar Examples Revisited -- 1.1 Neoclassical Investment Models: A Brief Survey -- 1.2 Flexible Manufacturing Systems -- 1.3 Conclusions -- 2 The Role of Irreversibility and Learning in Sequential Decision Problems — Basic Concepts -- 2.1 The Two-Period Model without Uncertainty -- 2.2 The Two-Period Model with Uncertainty -- 2.3 Switching Costs -- 2.4 Summary and Outlook -- 3 Determinants of the Optimal Choice in Sequential Decision Problems — The Two-Period Case -- 3.1 The Formulation of the Problem -- 3.2 The Influence of the Choice Set -- 3.3 The Impact of the Decision Criterion -- 3.4 The Impact of the Information Structure -- 3.5 The Two-Period Model — Final Thoughts -- 4 A T-Period Model of Intertemporal Choice with Irreversibility and Uncertainty -- 4.1 The General T-Period Model of Choice -- 4.2 Some Generalities on Intertemporal Planning -- 4.3 Modelling Rolling Myopic Plans -- 4.4 Final Remarks on the T-Period Model -- 5 Consumption and Savings Decisions of Households -- 5.1 Motives for the Demand for Money — Some Familiar Tenets -- 5.2 The Structure of the Model -- 5.3 Money Demand when there are no Transaction Costs -- 5.4 Transaction Costs -- Epilogue -- References
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| 653 |
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|a Finance
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| 653 |
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|a Environmental Economics
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| 653 |
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|a Operations research
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| 653 |
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|a Environmental economics
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| 653 |
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|a Quantitative Economics
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| 653 |
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|a Financial Economics
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| 653 |
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|a Econometrics
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| 653 |
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|a Operations Research and Decision Theory
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b SBA
|a Springer Book Archives -2004
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| 490 |
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|a Lecture Notes in Economics and Mathematical Systems
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| 028 |
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|a 10.1007/978-3-642-95671-3
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| 856 |
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|u https://doi.org/10.1007/978-3-642-95671-3?nosfx=y
|x Verlag
|3 Volltext
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|a 330.9
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| 520 |
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|a 1 The Importance of Irreversibility and Learning - Familiar 11 Bxamples Revisited 1. 1 Neoclassical Investment Models: A Brief Survey 11 1. 1. 1 The Standard Neoclassical Investment Theory Model 13 1. 1. 2 The Investment Model with Adjustment Costs 15 1. 1. 3 The Irreversibility of Investment 17 1. 1. 4 Delivery Lags 18 1. 2 Flexible Manufacturing Systems 22 1. 2. 1 Some Basic Facts about Manufacturing 23 1. 2. 2 The Determinants of the Flexibility of Manufacturing Systems 25 1. 2. 3 Manufacturing as a Multiperiod Choice Problem 28 1. 3 Conclusions 30 2 The Role of Irreversibility and Learning in Sequential Decision Problems - Basic Concepts 33 2. 1 The Two-Period Model without Uncertainty 33 2. 1. 1 The Elements of the Model 34 2. 1. 2 Economic Examples 37 2. 1. 3 Some Basic Results 39 2. 1. 4 Intertemporal Opportunity Costs 42 2. 2 The Two-Period Model with Uncertainty 46 2. 2. 1 The Elements of the Kodel 46 2. 2. 2 Special Cases 50 2. 2. 3 Flexibility and the Value of Information 54 2. 2. 4 An Example: Waiting to Invest 56 2. 3 Switching Costs 59 2. 3. 1 The Extended Model 59 2. 3. 2 An Example: Money Demand as Demand for Flexibility 61 2. 4 Summary and Outlook 63 3 Determinants of the Optimal Choice in Sequential Decision Problems - The Two-Period Case 65 3. 1 The Formulation of the Problem 66 3. 1
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