27 research outputs found
Neural networks in the capital markets : Apostos-Paul Refenes, ed., 1995, (Wiley, Chichester), 376 pp., US$55.00, ISBN 0-471-94364-9.
No full textEstimating the Relationship between Price and Time to Sale for Investment Property
No full textThis article develops an empirical model for estimating the relationship between selling price and length of time on market for a unique, large-ticket item. The model provides valuable information in the form of probability statements concerning the length of time to sale at any given price for a capital asset having a well-defined set of characteristics.
A discount rate adjustment for calculation of expected net present values and internal rates of return of investments whose lives are uncertain
No full text
Optimal Investment Scheduling with Price-Sensitive Dynamic Demand
No full textA model is developed that integrates capital investment decisions with output and pricing decisions for a situation of growing demand. Conditions are derived for the model that permit application of a general approach for determining the optimal sequence and timing of investments in a continuous-time framework. The behavior of optimal pricing and output decisions is characterized analytically. Specific results are given for a quadratic cost and revenue case, and an example illustrates the form of a solution. Possible extensions of the model are also discussed.
