On the Internal Rate of Return Criterion
作者:
Clovis de Faro,
期刊:
The Engineering Economist
(Taylor Available online 1974)
卷期:
Volume 19,
issue 3
页码: 165-194
ISSN:0013-791X
年代: 1974
DOI:10.1080/00137917408902767
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
Several different procedures for the implementation of the internal rate of return criterion are presented in the literature on investment projects evaluation. Taking the net present worth criterion as a basis for comparison, a survey of some of the suggested procedures and a critique of their theoretical basis are presented. It is showed that, although leading to a proper evaluaticn, they are internally inconsistent in the sense of incorporating modifications that may not really be necessary. To circumvent this possibility, we are going to suggest a conceptual algorithm that should be implemented if we are concerned with the formal application of the internal rate of return criterion.
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