Capital Budgeting Under Uncertainty: the Issue of Optimal Timing |
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| Authors: | C. Jevons Lee |
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| Affiliation: | The author is Associate Professor at Wharton School, University of Pennsylvania. This paper was inspired from discussions with Chris Petruzzi. Bob Whaley generously provided a computer program on which Table 1 of this paper is based. Financial supports from the Wharton Dean's Research Fund and the Wharton Accounting Research Center are acknowledged. an earlier version of this paper was presented at the 1985 TIMS/ORSA National Conference at Boston;comments from participants were appreciated. |
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