摘要:

For modeling investment decision situations, we present a mathematical basis that views the cash flow sequences as growth processes. We first emphasize the pedagogical value of the basic model by showing that all traditionally established measures of worth (profitability) as well as the compound interest formulas of financial mathematics can actually be derived from it by simple algebraic manipulations. Then, we argue that the traditional measures fail to recognize the particularities of certain decision situations and point out the need for developing tailor made measures for each specific problem. We demonstrate, using real life examples, our approach for developing new measures and, by incorporating decision variables, practical optimization models from this mathematical basis.

ISSN:0013-791X    

DOI:10.1080/00137919508967472

出版商:Taylor & Francis Group    

年代:1995

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.

ISSN:0013-791X    

DOI:10.1080/00137919508967473

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

摘要:

Based on a typical automotive assembly plant in today's environment, this analysis provides insight into the marginal cost curves facing industry. Because of employment guarantee provisions of the labor contract, the short-term marginal cost curve is not U-shaped, increasing, nor even convex. A consequence of this complicated shape is that there may be more than one point where marginal cost equals marginal revenue, thus requiring the firm to evaluate each such point to find its profit maximizing production level.

ISSN:0013-791X    

DOI:10.1080/00137919508967475

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

摘要:

Recently. Jones and Zydiak examined the problem of determining the optimal steady state fleet design. They designed an optimality criterion of minimizing annual equivalent cost per vehicle, claiming that the traditional optimality criterion, minimizing net present value of costs, leads to paradoxical results, as shown by an example. However, this paper shows that the paradox is actually a result of an unjust comparison.

ISSN:0013-791X    

DOI:10.1080/00137919508967476

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

摘要:

This paper deals with the search of consistent optima in pure capital rationing problems. These problems are summarized in the second section, together with some recent theorems on the existence of such optima and on their properties. A new theorem in the third section makes the search of those optima almost trivial and shows that fractional projects play a very narrow role. Section four explains why some well-known problems admit no consistent optima and why many iterative procedures suggested to find them fail. The final section deals with the economic implications of our results.

ISSN:0013-791X    

DOI:10.1080/00137919508967477

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919508967478

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor

ISSN:0013-791X    

DOI:10.1080/00137919508967479

出版商:Taylor & Francis Group    

年代:1995

数据来源: Taylor