Monitoring Projects Using Cash Flow Control Charts
作者:
HEMANTHAS. B. HERATH,
CHANS. PARK,
GEORGEC. PRUEITT,
期刊:
The Engineering Economist
(Taylor Available online 1995)
卷期:
Volume 41,
issue 1
页码: 27-52
ISSN:0013-791X
年代: 1995
DOI:10.1080/00137919508967473
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
Post Completion Audits (PCA). an important area in capital budgeting have not received much attention in the past. In a competitive environment, however, PCA plays an important role. Uncertain initial forecasts and current estimates can be revised using post audit information under a Bayesian approach at virtually no additional cost, thus enhancing future decisions. Prueitt and Park [2]. developed the Cash Flow Control Chart (CFCC) model for a special class of investment problems with multiple identical units with uncertain cash flows, typically found in Advanced Manufacturing Systems (AMS) and fleet replacement. This paper provides meaningful interpretations to modified Cash Row Control Chart (M-CFCC) patterns.
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