Neural networks, stochastic dynamic programming and a heuristic for valuing flexible manufacturing systems

Neural networks, stochastic dynamic programming and a heuristic for valuing flexible manufacturing systems

We compare the use of stochastic dynamic programming (SDP), Neural Networks and a simple approximation rule for calculating the real option value of a flexible production system. While SDP yields the best solution to the problem, it is computationally prohibitive for larger settings. We test two app...

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Bibliographic Details
Main Authors: Feurstein, Markus, Natter, Martin
Format: Others
Language:en
Published: SFB Adaptive Information Systems and Modelling in Economics and Management Science, WU Vienna University of Economics and Business 1998
Subjects:
real options / neural networks / capital budgeting / simulated annealing / flexible manufacturing systems / dynamic programming
Online Access:http://epub.wu.ac.at/1106/1/document.pdf

Internet

http://epub.wu.ac.at/1106/1/document.pdf

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