Table of contents
Capital Budgeting in a Competitive Environment
James S. Ang, Stephen P. DukasThe Net Present Value (NPV) criterion of project evaluation has traditionally been accepted as the theoretically superior capital budgeting technique due to its concordance with…
An Integrated Options‐Based Strategic Planning and Control Model
Lenos Trigeorgis, Eero KasanenManagerial practice differs from standard capital budgeting theory in a number of respects. For example, managers often take projects that have negative NPV (e.g., R & D…
Effect of the Learning Curve on the Capital Budgeting Process
M. Andrew FieldsRepetition of human activity tends to cause a certain amount of learning to occur. This learning curve (LC) effect has been widely discussed in the business literature and appears…
Capital Budgeting and the Utilization of Full Information: Performance Evaluation and the Exercise of Real Options
Tamir AgmonRecently there has been a new interest in capital budgeting. The interest can be traced to two sources: (1) lack of satisfaction with the way that standard NPV procedures perform…
An Application of the Box‐Jenkins Methodology to Capital Budgeting
Paul Fallone, Carmelo GiaccottoThe authors derive the probability distribution of the net present value of a project under the quite general assumption that the cash flows follow either an autoregressive moving…
Capital Budgeting for Replacements with Unequal Remaining Life
LeRoy D. BrooksA capital budgeting decision procedure appropriate for choosing the continuance, replacement, or abandonment of an asset‐in‐place is examined. The optimal replacement decision on…
Justifying Investments in Flexible Manufacturing Technology: Adding Strategic Analysis to Capital Budgeting Under Uncertainty
Raj Aggarwal, J. Edward, Louise E. MellenJustifying new manufacturing technology is usually very difficult since the most important benefits are often strategic and difficult to quantify. Traditional capital budgeting…
The Crucial Task: Finding the Right Investments
John C. GrothThis issue of Managerial Finance focuses on factors related to the critical long term decisions for a firm. What it should do, and what capital investments are necessary to attain…
ISSN:
0307-4358Online date, start – end:
1975Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Don Johnson