haku: @indexterm SENSITIVITY ANALYSIS / yhteensä: 105
viite: 76 / 105
| Tekijä: | Mills, R. W. |
| Otsikko: | Capital budgeting - the state of the art |
| Lehti: | Long Range Planning
1988 : AUG, VOL. 21:4, p.76-81 |
| Asiasana: | CAPITAL BUDGETING PROJECT APPRAISAL PROJECT MANAGEMENT PROJECT EVALUATION RATE OF RETURN NET PRESENT VALUE SENSITIVITY ANALYSIS |
| Kieli: | eng |
| Tiivistelmä: | Capital budgeting methods are discussed. Phases of decision-making are described. The basic model for project appraisal is presented as a formula which expresses present market value in terms of forecasted incremental cash flow and the opportunity cost of capital over the duration of the project. The gap between theory and practice is highlighted. Results of research studies are described. Payback period is found to be the most used technique. Methods used by smaller and larger firms are compared. Sensitivity analysis via a computerized package is found to be increasingly popular. It is shown that post audits are often not comprehensive. Suggestions based on the project management approach are summarized. |
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