A sinking fund payment must be made each year to
retire a bond issue. Instead of paying cash, the corporation
will typically surrender bonds that it has purchased
on the open market. The sinking fund problem is to
determine an optimal strategy in the form of a stopping
rule to...
Critical Path Budgeting is introduced as an integrating tool for
project planning, coordination, and control. Through a synthesis of
budgeting and critical path scheduling, it is possible to treat the time
and cost variables of a project explicitly. Thus, one can analyze the
behavior of the firm as an approximation...
The behavior of individuals in decision making under risk was
investigated using choice structures of greater complexity than the
types examined in previous studies. The experiment performed consisted
of two phases. In Phase I a basic utility function for money
was derived for each subject using lotteries with two equally...
The problem of deciding exactly how to allocate a limited amount
of capital resources among competing investment alternatives in order
to provide the greatest economic benefit to the business enterprise has
been a subject of interest for nearly a century. Many decision models
and methods for evaluation and comparison of...
In this thesis a system analysis compares power development
plans for the 1980 decade in the Mekong countries i.e. Laos, Thailand
Cambodia, and South Vietnam. Given the decision to invest in power
development, an economic evaluation is made of complete system
developments rather than just hydro or thermal plants. The...
In this study, three main issues are discussed: possible bias
arising when inflation effects are neglected in engineering economy
studies, capital projects authorization forms which are not designed
to include inflation effects in the calculations,'and the introduction
of a new graphical technique for capital expenditure sensitivity
analysis.
Approaches are described...