HIGHLIGHTS
- who: Tine Compernolle et al. from the Department Engineering, University Antwerp, Antwerp, BelgiumASML Netherlands BV, AH Veldhoven, The Netherlands have published the Article: Investment Decisions with Two-Factor Uncertainty, in the Journal: (JOURNAL)
- what: This paper shows that this methodology can lead to sub-optimal solutions. The authors provide numerical examples for which the quasi-analytical approach violates certain properties of the optimal boundary that can be analytically established. For instance, the authors refer to Kauppinen et_al , where the model proposed by Adkins and Paxson (2011b) is extended, by adding time to build to the . . .
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