Advanced Capital Budgeting: Refinements in the Economic Analysis of Investment Projects

ISBN-13: 9780415772051 / Angielski / Twarda / 2006 / 392 str.

JR Harold Bierman;Bierman/Smidt

Opis

Serving as a companion to "The Capital Budgeting Decision", this volume examines the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements. It also emphasizes the application of capital budgeting techniques to a variety of issues.

Spis treści

Part 1: Capital Budgeting and Valuation Under Certainty  1. The State of the Art of Capital Budgeting  2. Amounts Discounted and Discount Rates  Part 2: Capital Budgeting and Valuation Under Uncertainty  3: Capital Budgeting with Uncertainty  4: Elements of Time and Uncertainty  5. The State Preference Approach  6. Resolution of Uncertainty  7. Diversification and Risk Reduction  8. Projects with Components Having Different Risks  9. Practical Solutions to Capital Budgeting with Uncertainty  Part 3: Option Theory as a Capital Budgeting Tool  10. Real Options and Capital Budgeting  Part 4: Applications of Capital Budgeting  11. Growth Constraints  12. The Valuation of a Firm  13. Using Economic Income (Residual Income) for Valuation  14. Present-Value Accounting  15. Performance Measurement and Managerial Compensation  16: Fluctuating Rates of Output  17. Investment Decisions with Additional Information  18. Investment Timing  19. Buy versus Lease