PV/FI Model in Sequential Investment Process under Certainty

확실성하의 순차적 투자과정에서의 PV/FI 투자대안 결정 모형

In sequential capital allocation processes, the information on the future availability (flexibility) of invested funds provides a decision maker with additional insight into the characteristics of alternatives. The investment decision with consideration of flexibility and profitability results in more wealth accumulation than the decision without considering flexibility does in sequential investment processes. To utilize the information on the flexibility under certainty, the PV/FI decision model is developed.