search query: @indexterm capital budgeting / total: 390
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Author: | Smith, D. |
Title: | Incorporating risk into capital budgeting decisions using simulation |
Journal: | Management Decision
1994 : VOL. 32:9, p. 20-26 |
Index terms: | RISK SIMULATION CAPITAL BUDGETING |
Language: | eng |
Abstract: | Monte Carlo simulation is one of a number of analytical techniques available to enable managers to assess the risks surrounding capital budgeting decisions. Although it is covered in most texts on financial management, surveys have for many years pointed to only limited use of the technique by practicing managers making decisions about investment projects. The article describes and analyzes a simulation model utilizing facilities available to most managers. |
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