Program Listing

In the following section, we provide the MATLAB code of the stochastic dynamic programs applied in Chapter 5 to run the numerical experiments for the comparative static analysis. We limit the listing to the definition of the variables and parameters as well as the algorithms for the determination of the different project values. Depending on the desired analysis, the subsequent algorithms allow to determine the project value, posterior project value, and the expected project value as well as the corresponding managerial policies and the (expected) value of information.