Operations Department Seminar - Claudia Nunes (Technical University of Lisbon)
| Date: |
6 décembre 2012
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|
Heure: |
De 10h00 à 11h00 |
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Lieu: |
University of Lausanne, Anthropole building, room 4134 |
Guestspeaker : Claudia Nunes (Technical University in Lisbon
Title : Investment in R&D Centers in the Technology Adoption
Abstract : We study a model of technology adoption where we assume that new (and more efficient) technologies are available according to a Poisson Process. However, unlike what is usually assumed, this process is not completely exogenous to the firm, since the firm can invest in an R&D center, which increases the intensity of the invention rate.
In this paper we assume that the firm can invest, at most, twice in this R&D center. The goal is to determine the optimal policy concerning the investment in the R&D center, assuming specific costs. We also present numerical results that show how the firm should proceed in various situations. Note: work in progress, jointly with V. Hagspiel, K. Huismanand P. Jesus
[»Agenda HEC]
