Capital budgeting techniques
A straightforward, pragmatic guide to the techniques applied in the making of capital budgeting decisions. Brings together the various devices and procedures of investment appraisal, develops them, applies them in various circumstances, and then draws comparisons. Draws upon methods of operational research and presents recent and novel applications of methods of OR in investment appraisal. Major changes include more coverage of risk and uncertainty, as well as extensive revision of chapters on network and transportation, and financial planning models.
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Basic Techniques of Appraisal
Investment Decisions and Linear Programming
8 other sections not shown
alternative annuity approach asset assumed borrowing calculations capital budgeting cash flow CM CM column consider constraint corresponding cost of capital covariance decision discount rate distribution dividend dual efficiency frontier ENPV equation estimates example expected return feasible solution funds given gives horizon increase index row number indifference curves inflation initial outlay interest rate investment investor Lagrange multiplier linear programming machine maximum mean mean-variance negative objective function objective function coefficient obtained optimal solution optimal value original period portfolio positive possible present value primal procedure produce quadratic quadratic programming rates of exchange ratio represent resource result risk securities selected sensitivity analysis shadow prices shown in Figure sign requirements Simplex method slack variables stage standard deviation stochastic stochastic dominance Suppose tableau terminal value tion unit upper bound variance yield zero