Accounting for uncertainty in the capital budget
Robert S. Hoyle
(Manager in Management Sciences at Tesoro Corp. in San Antonio, Texas.)
George S. Dawkins
(Associate Professor of Industrial Engineering at the University of Houston)
201
Abstract
Capital budgeting (CB) is a resource allocation problem encountered by top management faced with deciding which capital projects should be selected for implementation. The conception and details of these projects normally originate in lower echelons of the company, but it remains for top management to select which set of projects best contributes to the overall objectives of the firm.
Citation
Hoyle, R.S. and Dawkins, G.S. (1976), "Accounting for uncertainty in the capital budget", Planning Review, Vol. 4 No. 4, pp. 16-24. https://doi.org/10.1108/eb053766
Publisher
:MCB UP Ltd
Copyright © 1976, MCB UP Limited