Capital Budgeting Under Uncertainty
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Capital Budgeting Under Uncertainty
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Author : Raj Aggarwal
language : en
Publisher:
Release Date : 1993
Capital Budgeting Under Uncertainty written by Raj Aggarwal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Procedures For Capital Budgeting Under Uncertainty
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Author : Stewart C. Myers
language : en
Publisher: Forgotten Books
Release Date : 2015-06-25
Procedures For Capital Budgeting Under Uncertainty written by Stewart C. Myers and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-25 with Business & Economics categories.
Excerpt from Procedures for Capital Budgeting Under Uncertainty Accordingly, the cost of capital is defined as the minimum expected rate of return on a project (with given risk characteristics) such that share price is increased by the project's adoption. The cost of capital is thus used as a hurdle rate, with the height of the barrier depending on the risk characteristics of the project compared with those of alternative investments open to shareholders. It is easy to point out deficiencies in this "NPV approach" - for instance, most authors are conspicuously vague about how to measure the hurdle rates appropriate to projects with different risk characteristics. The important point for our purposes, however, is that the NPV approach presumes projects to be risk-independent. That is, it presumes that the value of project B does not depend on the risk characteristics of the firm's existing assets, or of other investments the firm may undertake. 2. Treat capital budgeting as a problem of portfolio selection. - The framework for portfolio selection originally presented by Markowitz [10] [11] is now well-known and widely accepted, although difficulties in assembling data and performing the required calculations have limited its use in practice. The similarity between the tasks of portfolio selection and capital budgeting has led Lintner, among others, to conclude that "the problem of determining the best capital budget of any given size is formally identical to the solution of a security portfolio analysis." About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Procedures For Capital Budgeting Under Uncertainty
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Author : Stewart C. Myers
language : en
Publisher:
Release Date : 1968
Procedures For Capital Budgeting Under Uncertainty written by Stewart C. Myers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with categories.
Procedures For Capital Budgeting Under Uncertainty Classic Reprint
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Author : Stewart C. Myers
language : en
Publisher: Forgotten Books
Release Date : 2017-10-27
Procedures For Capital Budgeting Under Uncertainty Classic Reprint written by Stewart C. Myers and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-27 with Business & Economics categories.
Excerpt from Procedures for Capital Budgeting Under Uncertainty The initial cash flow b(o) will typically be an investment, and thus negative. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Capital Budgeting Under Conditions Of Uncertainty
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Author : R.L. Crum
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Capital Budgeting Under Conditions Of Uncertainty written by R.L. Crum and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The business environment, particularly after the continuing oil crises of the seventies, can be characterized as evolving rapidly in complex and often unpre dictable ways. Such things as high interest and inflation rates, fluctuating ex change rates, volatile commodity markets, and increasing political turmoil have led to a situation in which explicit consideration of environmental dynamics is becoming much more important for successful business planning than was true in the past. Companies are finding that it is no longer possible to conduct "busi ness as usual" under these changing circumstances. Rather, decision makers are having to be more cognizant of the many sources of uncertainty that could have serious impacts on the continued prosperity of the firm, as well as of actions that can be taken so that the company can thrive in spite of these greater uncertainties. Businesses have responded to these challenges by giving more thorough con sideration to strategic issues. Whereas in the past the steady progression of mar kets and technology was taken for granted, the uncertainties associated with increased worldwide competition, as well as with other exogenous factors, have vii viii INTRODUCTION forced companies to think more about flexibility. This involves not only how best to exploit profitable current options, but also how to position themselves at present to be able to respond appropriately to threats and opportunities as they arise in the future. Unfortunately, in this redirection of outlook, the fmance profession has not kept pace.
Capital Budgeting Under Uncertainty
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Author : Raj Aggarwal
language : en
Publisher:
Release Date : 1991
Capital Budgeting Under Uncertainty written by Raj Aggarwal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Capital budget categories.
Capital Budgeting Under Conditions Of Uncertainty
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Author : R L Crum
language : en
Publisher:
Release Date : 1980-10-31
Capital Budgeting Under Conditions Of Uncertainty written by R L Crum and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980-10-31 with categories.
The Capital Budgeting Decision
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Author : Harold Bierman
language : en
Publisher: Routledge
Release Date : 2007
The Capital Budgeting Decision written by Harold Bierman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a clear and concise introduction to this complex but essential topic in corporate finance. Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting. Features new to this edition include: a new chapter on real options new material on uncertainty in decision-making. Easily understandable, and covering the essentials of capital budgeting, this book helps readers to make intelligent capital budgeting decisions for corporations of every type.
Capital Budgeting
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Author : Pamela P. Peterson
language : en
Publisher: John Wiley & Sons
Release Date : 2004-01-21
Capital Budgeting written by Pamela P. Peterson and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-21 with Business & Economics categories.
Capital investment decisions are a constant challenge to all levels of financial managers. Capital Budgeting: Theory and Practice shows you how to confront them using state-of-the-art techniques. Broken down into four comprehensive sections, Capital Budgeting: Theory and Practice explores and illustrates all aspects of the capital budgeting decision process. Pamela Peterson and Frank Fabozzi examine the critical issues and limitations of capital budgeting techniques with an in-depth analysis of: Classifying capital budgeting proposals Determining the relevant cash flows for capital budgeting proposals Assessing the economic value of a capital budgeting proposal using different techniques Incorporating risk into the capital budgeting decision Evaluating whether to lease or borrow-to-buy Capital Budgeting: Theory and Practice provides the knowledge, insight, and advice that will allow you to handle one of the most important aspects of your firm's financial management. Advanced enough for practitioners yet accessible enough for the novice, Capital Budgeting: Theory and Practice is your complete guide to understanding and benefiting from the essential techniques of capital budgeting.
Theory And Applications Of Ordered Fuzzy Numbers
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Author : Piotr Prokopowicz
language : en
Publisher: Springer
Release Date : 2017-10-18
Theory And Applications Of Ordered Fuzzy Numbers written by Piotr Prokopowicz and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-18 with Technology & Engineering categories.
This book is open access under a CC BY 4.0 license. This open access book offers comprehensive coverage on Ordered Fuzzy Numbers, providing readers with both the basic information and the necessary expertise to use them in a variety of real-world applications. The respective chapters, written by leading researchers, discuss the main techniques and applications, together with the advantages and shortcomings of these tools in comparison to other fuzzy number representation models. Primarily intended for engineers and researchers in the field of fuzzy arithmetic, the book also offers a valuable source of basic information on fuzzy models and an easy-to-understand reference guide to their applications for advanced undergraduate students, operations researchers, modelers and managers alike.