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| Author: | Herath, H. Park, C. Prueitt, G. |
| Title: | Monitoring projects using cash flow control charts |
| Journal: | Engineering Economist
1995 : FALL, VOL. 41:1, p. 27-52 |
| Index terms: | ECONOMICS CASH FLOW CONTROL |
| Language: | eng |
| Abstract: | 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 developed the Cash Flow Control Chart model for a special class of investment problems with multiple identical units with uncertain cash flows. This paper provides meaningful interpretations to modified Cash Flow Control Chart patterns. |
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