TÀI LIỆU THƯ VIỆN SỐ

Capital Budgeting

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.Capital Budgeting

This book explains the ﬁnancial appraisal of capital budgeting projects. The coverage extends from the development of basic concepts, principles and techniques to the application of them in increasingly complex and real-world situations. Identiﬁcation and estimation (including forecasting) of cash ﬂows, project appraisal formulae and the application of net present value (NPV), internal rate of return (IRR) and other project evaluation criteria are illustrated with a variety of calculation examples. Risk analysis is extensively covered by the use of the riskadjusted discount rate, the certainty equivalent, sensitivity analysis, simulation and Monte Carlo analysis. The NPV and IRR models are further applied to forestry, property and international investments. Resource constraints are introduced in capital budgeting decisions with a variety of worked examples using the linear programming technique. All calculations are

Từ khóa: cash flows, quantitative techniques, Project analysis, Simulation concepts, Resource constraints, project evaluation