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| Author: | Dogrusoz, H. Karabakal, N. |
| Title: | Investments viewed as growth processes |
| Journal: | Engineering Economist
1995 : FALL, VOL. 41:1, p. 1-26 |
| Index terms: | ECONOMICS INVESTMENT GROWTH |
| Language: | eng |
| Abstract: | For modeling investment decision situations, the authors present a mathematical basis that views the cash flow sequences as growth processes. The authors 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, the authors 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. |
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