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Investment decision making
The choice of the rate of discount
7 other sections not shown
1961 White Paper achieved alternative annual appropriate assessed assumed assumption background plan BOAC Boards borrowing British Rail calculation capital cost CEGB cent changes chapter Cmnd considered constraints consumers cost-benefit analysis criteria depreciation discount rate discussed Economic efficiency electricity supply industry estimated example factor financial target forecast funds given Government HMSO important income increase increment indifference curve internal rate investment choice investment decision investment programmes load marginal cost pricing merit order method National Loans Fund nationalized industries net present value nuclear station operating opportunity cost optimal output capacity pay-off peak demand period plant mix possible power stations present value pricing and investment pricing policy private sector problem public investment public sector rate of discount rate of interest rate of return reference relevant revenue running costs selection STP rate supply system tariffs tion uncertainty unit fuel costs welfare welfare economics