Investment and operational decisions for start-up companies: a game theory and Markov decision process approach

摘要: This paper analyses the contract between an entrepreneur and investor, using a non-zero sum game in which is interested company survival investor maximizing expected net present value. Theoretical results are given model’s usefulness exemplified simulations. We have observed that both better off under involves repayments share of start-up company. also will choose riskier actions as become harder to meet up level where no longer able survive.