Granularity, Time and Control of Economic Resources
AbstractOpportunity cost is a central concept in decision making. It is difficult to measure because it is the value associated with opportunities foregone. In this paper, we characterize three time-based dimensions of resources to help understand and estimate opportunity costs. These dimensions capture the intrinsic lumpiness of resources with respect to their acquisition (acquisition granularity), the extent to which they retain their usefulness over tim
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Bibliographic InfoPaper provided by Yale School of Management in its series Yale School of Management Working Papers with number ysm117.
Date of creation: 01 Apr 1999
Date of revision: 01 Jun 2009
Other versions of this item:
- Ramji Balakrishnan & K. Sivaramakrishnan & Shyam Sunder, . "Granularity, Time, and Control of Economic Resources," GSIA Working Papers 1999-04, Carnegie Mellon University, Tepper School of Business.
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