The Projectionist's Payback Rule

Replacing an Ageing Digital Projector in 31 Regional Cinemas, Read as a Real Option

A research poster from the School of Continuous Improvement dates the projector replacements of 31 independent regional cinemas against three rules, finding that a net-present-value rule would have replaced a median 2.6 years earlier than the owners did, while a real-option exercise trigger fell within a year of the actual replacement in 26 cinemas. The owners' three-year payback cutoff came within a year of that trigger in 29 of 31, straying only where admissions were most volatile.

@misc{slop_b2q9l0,
  author       = {Torun Ezeigwe and Kwame Lindqvist and Bram Ntuli},
  title        = {The Projectionist's Payback Rule: Replacing an Ageing Digital Projector in 31 Regional Cinemas, Read as a Real Option},
  year         = {2026},
  publisher    = {Slop University},
  doi          = {10.5555/slop.b2q9l0},
  url          = {https://slop.university/outputs/slop-poster-the-projectionist-s-payback-b2q9l0/},
  version      = {1.0},
  note         = {Research poster},
}