News and Events

PhD Defense Mr. X. Wen, MSc

Title: Investment under Uncertainty: Timing Capacity Optimization
Supervisors: Prof. P.M. Kort, Prof. A.J.J. Talman

This thesis consists of three chapters on analyzing the optimal investment timing and investment capacity for the firm(s) undertaking irreversible investment in an uncertain environment. Chapter 2 studies the investment decision of a monopoly firm when it can adjust output quantity in a market with uncertain demand. Chapter 3 investigates the strategic interactions of investment decisions between a first investor that always produces up to capacity and a second investor that can adjust the output quantity. Chapter 4 considers the regulator’s optimal subsidy policy to align the firm’s optimal investment decision to the social optimal decision.

XINGANG WEN (Shandong, China, 1984) received a Bachelor degree in International Trade and Economics from Shandong University of Science and Technology in China in 2007. He obtained a Master degree in Corporate Management from the same institute in 2010. From 2010 to 2014, he attended the doctorate program in Management Science and Engineering at Xi’an Jiaotong University in China. In 2012, he also became a research master student in Economics at Tilburg University. He obtained his Ph.D. degree in Management and his Master degree in Economics in 2014. Since September 2014, he has been a Ph.D. candidate in the department of Econometrics and Operations Research at Tilburg University. In the fall semester of 2015, he spent three months as a visiting scholar at the Norwegian University of Science and Technology in Trondheim, Norway.

Location: Cobbenhagen building, Ruth First room (access via Koopmans building)

Order the PhD thesis

When: 06 November 2017 16:00

Where: Route description Tilburg University campus