Models for Appraising Investments Yielding Stochastic Return

D. P. Gaver, Jr.
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D. P. Gaver, Jr.: Carnegie Institute of Technology

Management Science, 1965, vol. 11, issue 9, 815-830

Abstract: This paper provides models for economic enterprises or projects whose returns vary randomly in time and which are subject to termination or "ruin" provided assets or net worth fall to a prescribed level. In particular, strategies for dealing with environmental changes, innovations, and catastrophe are considered.

Date: 1965
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:11:y:1965:i:9:p:815-830

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