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Capacity Choice in a Two-Stage Problem Under Uncertainty

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  • Hennessy, David A.

Abstract

When choosing production capacity, a firm may not know which among mutually exclusive projects will be most profitable. It may be possible to await more information before committing given capacity to a project. We identify when shifts in project profitability and firm pecking order increase ex ante optimal capacity choice.

Suggested Citation

  • Hennessy, David A., 1999. "Capacity Choice in a Two-Stage Problem Under Uncertainty," Staff General Research Papers Archive 1707, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:1707
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    Cited by:

    1. Dulluri, Sandeep & Raghavan, N.R. Srinivasa, 2008. "Collaboration in tool development and capacity investments in high technology manufacturing networks," European Journal of Operational Research, Elsevier, vol. 187(3), pages 962-977, June.
    2. Mihelic, Jurij & Mahjoub, Amine & Rapine, Christophe & Robic, Borut, 2010. "Two-stage flexible-choice problems under uncertainty," European Journal of Operational Research, Elsevier, vol. 201(2), pages 399-403, March.
    3. Backe, Stian & Ahang, Mohammadreza & Tomasgard, Asgeir, 2021. "Stable stochastic capacity expansion with variable renewables: Comparing moment matching and stratified scenario generation sampling," Applied Energy, Elsevier, vol. 302(C).

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