From: Mathematical and numerical analyses of a stochastic impulse control model with imperfect interventions
Parameter
Smallest value
Largest value
E[τ]
Std[τ]
H
μ
0.2
0.8
−
+
σ
0.1
0.7
δ
1.5
3.0
r
0.003
0.007
R
5.0
\(k_{0}\)
0.01
0.25
\(k_{1}\)
0.20
a
0.9
b
0.5
1.0