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Capital Budgeting Decisions in Large Scale, Integrated Projects: Case Study of a Mathematical Programming Application

 

作者: P. C. Kumar,   Trami Lu,  

 

期刊: The Engineering Economist  (Taylor Available online 1991)
卷期: Volume 36, issue 2  

页码: 127-150

 

ISSN:0013-791X

 

年代: 1991

 

DOI:10.1080/00137919108903037

 

出版商: Taylor & Francis Group

 

数据来源: Taylor

 

摘要:

Large scale, integrated projects have two special features — economics of scale in investments and operating costs and interdependencies of various kinds. The latter include technological, product and factor market interrelations. A mixed-integer, linear programming model is developed to take account of these considerations. The model is described in general terms and illustrated with a case study of a large scale, integrated fertilizer project. Sensitivity analyses relating to capital budget, supply and demand constraints, product and output prices, as well as discount rates are performed to determine the robustness of the model solutions.

 

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