A general framework for the evaluation of capital projects under uncertainty
Department of Management Sciences, University of Manchester Institute of Science and Technology, 1981 - Business & Economics - 20 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
adjusted discount rate Analysis of IRR annuity arithmetic growth rate average cash flow CAFM CAPITAL PROJECTS CAPM cash flows equation choice of factors combination of factors covariance decision maker dimensional vector discounted value diversifiable economy effect of changes EVALUATION OF CAPITAL expected values extension of S.A. form Xtj FRAMEWORK gCl+r growth model Hillier independent inter-temporal model intertemporal IRR space linear model linear underlying structure mean of NPV measure of project model cash flow multi multiperiod NPV NTV NPV or NTV output P.A. of IRR payback period performed period context present value Probability Analysis probability distributions profitability function profitability measure project risk PROJECTS UNDER UNCERTAINTY random relevant to valuation S.A. model S.A. with respect Sensitivity Analysis set of cash single factor single period project standard deviation Stapleton 1971 Stapleton and Subrahmanyam structure for cash suggested terminal value underlying factors variance of NPV Xq the variance