| Investment projects are considered to have a finite life because of fast-changing technology environment, economic environment and policy environment. It analyzed the influence of finite project life on firms' investment strategies under uncertainty.It used a numerical example and Matlab software to verify the results. It shows that the follower investment threshold is sensitive to the change of the project life: Increasing investment project life raises the value of investment and accelerates the follower's investment. In new market, increasing volatility of uncertainty raises the value of waiting and decelerates the firms' investment. |
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