Optimal Strategies for Divestiture

R. H. Hayes
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R. H. Hayes: Graduate School of Business Administration, Harvard University, Boston, Massachusetts

Operations Research, 1969, vol. 17, issue 2, 292-310

Abstract: This paper examines a class of optional stopping problems in the context of the divestiture of an asset by a business or an individual. It first describes and analyzes a simple version of the problem, and then considers various generalizations, which are reduced to modified versions of the original problem. Next, it examines a heuristic procedure for obtaining approximate solutions, together with an analysis of the sensitivity of the criterion to a nonoptimal decision rule. Finally, it discusses the effect of a nonstationary environment on the divestiture strategy.

Date: 1969
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:17:y:1969:i:2:p:292-310

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