Strategic investment in innovation: Capacity and timing decisions under uncertainty

Nick Huberts

Research output: ThesisDoctoral Thesis

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Abstract

This dissertation comprises of two parts. The first part focusses on the optimal investment problem of incumbent firms when they are offered the option to start the production of a new product that yields an innovation compared to the established product. We start with the incumbent-entrant problem in Chapter 2. Chapter 3 looks at incumbent firms that have the option to expand their current production lines by offering a new generation of the existing product. In Chapter 4, we look at the situation where incumbent firms can choose their optimal moment to replace their current technology for a new, better, technology. The second part of this dissertation looks at the optimal investment timing in a setting with a birth-death process.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Kort, Peter, Promotor
  • Dawid, H., Promotor, External person
  • Huisman, Kuno, Promotor
Award date1 Sep 2017
Place of PublicationTilburg
Publisher
Print ISBNs9789056685218
Publication statusPublished - 2017

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Cite this

Huberts, N. (2017). Strategic investment in innovation: Capacity and timing decisions under uncertainty. Tilburg: CentER, Center for Economic Research.