FIRST PART Preparation of the Investment 1. Investments in the Company 19 The decline of stability . . 19 The change in direction of studies on the investment process. 25 Basic elements for arithmetical study of selection 29 Thc study of selection from non-numerical elements. 37 2. Programming Investment Activity 49 Classical programming techniques. 49 Handling of an investment programme. 56 Incorporation of costs into investment projects . . . . . . . . . . . . . . . . . . 66 Estimating financial needs throughout the process. 72 3. Financial Risk of Investment 85 Financial aspects of the...

Decisions in uncertainty Scientific reaction to change During latter decades, the basic elements that have traditionally made up the society in wh ich economic activity develops, have been submitted to the effect of multiple aggressions as a consequence of the outcome of events motivated by the nature itself of the human being, always seeking a level of happiness that is never reached. In a very brief manner we are accustomed to mention these by using words such as revolution, profound changes, convulsions . . . ., the results of which are manifest through non-linear reactions that lead to a...