An Evaluation of Investment Criteria

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ISBN 13 :
Total Pages : 229 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis An Evaluation of Investment Criteria by : Sterling Scott Sutton

Download or read book An Evaluation of Investment Criteria written by Sterling Scott Sutton and published by . This book was released on 1968 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The frequently proposed investment criteria for making optimal investment decisions, which are the present value and internal rate of return rules, are examined under conditions of complete capital rationing. An important consequence of this context is that market rates of interest cannot be used as discount factors. A contribution of this study is a synthesis of two independent analyses of what to do under such circumstances. The problem is resolved by shifting the objective of investment from maximization of a discounted sum of dollar returns to the maximization of utility. This resolution is modeled on Irving Fisher's theory of investment and emphasizes the necessity of utility measures on the objects of investment. A criticism of the internal rate of return rule is the possibility of multiple values. Based on the development of Fisher's theory and its extension to a complete linear programming version of the multiperiod model, a result is obtained which removes the objection of multiple values and shows the equivalence of the internal rate of return and present value rules in the case of perfect capital markets. Another unique feature of the paper is the application of the analytical results to an investment problem involving logistic support of the Polaris weapon system. This application demonstrates the use of utility measures or military essentiality and the relationship to the rate of return concept in military planning. (Author).

An Evaluation of Venture-capital Investment Criteria

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (32 download)

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Book Synopsis An Evaluation of Venture-capital Investment Criteria by : C. Paredes

Download or read book An Evaluation of Venture-capital Investment Criteria written by C. Paredes and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Evaluation of the Investment Criteria in the Capital Budgeting Procedure: Application of the Capital Asset Pricing Model to the Case of a Cooperative

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ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.:/5 (843 download)

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Book Synopsis An Evaluation of the Investment Criteria in the Capital Budgeting Procedure: Application of the Capital Asset Pricing Model to the Case of a Cooperative by : Paul R. Beasley

Download or read book An Evaluation of the Investment Criteria in the Capital Budgeting Procedure: Application of the Capital Asset Pricing Model to the Case of a Cooperative written by Paul R. Beasley and published by . This book was released on 1975 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Applying Evaluation Criteria Thoughtfully

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Publisher : OECD Publishing
ISBN 13 : 926498402X
Total Pages : 84 pages
Book Rating : 4.2/5 (649 download)

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Book Synopsis Applying Evaluation Criteria Thoughtfully by : OECD

Download or read book Applying Evaluation Criteria Thoughtfully written by OECD and published by OECD Publishing. This book was released on 2021-03-15 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relevance, coherence, effectiveness, efficiency, impact, and sustainability are widely used evaluation criteria, particularly in international development co-operation. They help to determine the merit or worth of various interventions, such as strategies, policies, programmes or projects. This guidance aims to help evaluators and others to better understand those criteria, and improve their use.

Public Investment Criteria (Routledge Revivals)

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Publisher : Routledge
ISBN 13 : 1317569113
Total Pages : 130 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Public Investment Criteria (Routledge Revivals) by : Stephen A. Marglin

Download or read book Public Investment Criteria (Routledge Revivals) written by Stephen A. Marglin and published by Routledge. This book was released on 2014-10-17 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, first published in 1967, explores some of the problems formulating investment criteria for the public sector of a mixed-enterprise, underdeveloped economy. The typical essay on public investment criteria explicitly or implicitly postulates a single goal for economic analysis – maximization of weighted average of national income over time – and relegates all other objectives of public policy to a limbo of "political" and "social" objectives not amenable to systematic, rational treatment. In contrast Professor Marglin assumes a multiplicity of objectives and explores ways and means of expressing contributions to different objectives in common terms. The book also investigates the relationship of specific investment criteria to the objectives of public policy. Benefits and costs are defined separately for each objective, as are so-called "secondary" benefits. This book is suited for students of economics.

Investment Criteria in Planning for Economic Growth

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ISBN 13 :
Total Pages : 512 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Investment Criteria in Planning for Economic Growth by : A. Vaidyanathan

Download or read book Investment Criteria in Planning for Economic Growth written by A. Vaidyanathan and published by . This book was released on 1955 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Finance for Engineers

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Publisher : Springer Science & Business Media
ISBN 13 : 1848000332
Total Pages : 633 pages
Book Rating : 4.8/5 (48 download)

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Book Synopsis Finance for Engineers by : Frank Crundwell

Download or read book Finance for Engineers written by Frank Crundwell and published by Springer Science & Business Media. This book was released on 2008-03-11 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: With flair and an originality of approach, Crundwell brings his considerable experience to bear on this crucial topic. Uniquely, this book discusses the technical and financial aspects of decision-making in engineering and demonstrates these through case studies. It’s a hugely important matter as, of course, engineering solutions and financial decisions are intimately tied together. The best engineers combine the technical and financial cases in determining new solutions to opportunities, challenges and problems. To get your project approved, no matter the size of it, the financial case must be clear and compelling. This book provides a framework for engineers and scientists to undertake financial evaluations and assessments of engineering or production projects.

Information management

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Publisher : Springer
ISBN 13 : 1489932089
Total Pages : 270 pages
Book Rating : 4.4/5 (899 download)

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Book Synopsis Information management by : Leslie Willcocks

Download or read book Information management written by Leslie Willcocks and published by Springer. This book was released on 2013-11-11 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Survey and study background In an effort to gain some answers on the 1ST capital investment (project selection) decision criteria used in practice, a survey was undertaken in 1990 of 80 American, British, Australian and New Zealand companies. A one-page survey form was used that provided 15 possible 1ST investment criteria, a means of indicating whether they are used or not, the percentage of projects to which each criterion is applied, and an overall ranking in terms of total project value for each criterion. The criteria are shown in Table 2.1. The criteria are categorized into financial, management, and development criteria. They were developed, first, through interviews with some 20 chief information officers (CIOs) in Britain and the United States. These CIOs were questioned on what criteria their organizations use in selecting 1ST investment projects, with the aim of developing a full list of the criteria used in practice. Secondly, the criteria and the form were tested and refined in a pilot study with some 12 companies. The criteria used in the survey and listed in Table 2.1 are primary level criteria.

Evaluation Criteria for Apartment Investment

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ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.:/5 (328 download)

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Book Synopsis Evaluation Criteria for Apartment Investment by : Morris Kriger

Download or read book Evaluation Criteria for Apartment Investment written by Morris Kriger and published by . This book was released on 1960 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Public Investment Criteria

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Publisher : Springer
ISBN 13 : 9784431569077
Total Pages : 0 pages
Book Rating : 4.5/5 (69 download)

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Book Synopsis Public Investment Criteria by : Hirotada Kohno

Download or read book Public Investment Criteria written by Hirotada Kohno and published by Springer. This book was released on 2023-01-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the most robust and useful methodology for the derivation of investment criteria for the evaluation and planning of public investment projects – public investment criteria. The methodological approach solves inherent defects of traditional methodology, namely an ad hoc application of the benefit-cost analysis in the static content. Although this approach originated in the water resources development project of the Harvard group, the authors’ methodology has achieved a discrete and dynamic inter regional input-output programming model by which: (i) establishment of priorities among potential investment targets by taking account of economic benefits that are brought by implementation of a set of selected projects, and diffusing into the whole national economy, and (ii) rational allocation of limited public funds to the selected investment projects are consistently made, based on the opportunity cost criteria in the dynamic content. As these benefits make up a source for the stream of further created capital funds for public as well as private sectors over the planning time horizon, optimal re-investment of thus created capital funds are solved recursively in the endogenous model by approaching the turnpike path of the whole national economy. As an optimal solution, the allocated levels for trunk expressway network as well as for other transport facilities, which are balanced with the allocation for industrial capital formation, are obtained by period and by region. In the background of these processes, the imputed price and opportunity costs as a sort of contemporary “god” are always latent. Readers with basic mathematical knowledge will learn functional and practical meaning of the opportunity costs (and the imputed price) in the evaluation and planning of investment. Conquering this small obstacle will be a source of strong self-confidence for society, a worthwhile objective. Other applications of the methodology are also included in this book, which is helpful for practitioners frequently using the feasibility study method as well as experts who wish to understand the theoretical arguments related to public investment criteria. As one of the applications, there is a numerical solution of a composite transport system in which the amounts of roads, railways, and ports are derived quantitatively, not qualitatively. These are results of authentic public investment criteria that are built in the inter-regional input-output programing model.

Public Investment Criteria

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ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Public Investment Criteria by : Ifzal Ali

Download or read book Public Investment Criteria written by Ifzal Ali and published by . This book was released on 1990 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Kelly Capital Growth Investment Criterion

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Publisher : World Scientific
ISBN 13 : 9814293490
Total Pages : 883 pages
Book Rating : 4.8/5 (142 download)

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Book Synopsis The Kelly Capital Growth Investment Criterion by : Leonard C. MacLean

Download or read book The Kelly Capital Growth Investment Criterion written by Leonard C. MacLean and published by World Scientific. This book was released on 2011 with total page 883 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured.

The Evaluation Criteria of the Venture Capital Investment Activity

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ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (715 download)

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Book Synopsis The Evaluation Criteria of the Venture Capital Investment Activity by : Jean Siskos

Download or read book The Evaluation Criteria of the Venture Capital Investment Activity written by Jean Siskos and published by . This book was released on 1985 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A critical evaluation of cost-of-capital as a criterion for investment decision-making

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ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.:/5 (469 download)

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Book Synopsis A critical evaluation of cost-of-capital as a criterion for investment decision-making by : Woodley Larkin Hunt

Download or read book A critical evaluation of cost-of-capital as a criterion for investment decision-making written by Woodley Larkin Hunt and published by . This book was released on 1970 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Entrepreneurship Research

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Publisher : Springer Science & Business Media
ISBN 13 : 144191191X
Total Pages : 685 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Handbook of Entrepreneurship Research by : Zoltan J. Acs

Download or read book Handbook of Entrepreneurship Research written by Zoltan J. Acs and published by Springer Science & Business Media. This book was released on 2010-08-03 with total page 685 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest in and attention to entrepreneurship has exploded in recent years. Nevertheless, much of the research and scholarship in entrepreneurship has remained elusive to academics, policymakers and other researchers, in large part because the field is informed by a broad spectrum of disciplines, including management, finance, economics, policy, sociology, and psychology, often pursued in isolation from each other. Since its original publication in 2003, the Handbook of Entrepreneurship Research has served as the definitive resource in the field, bringing together contributions from leading scholars in these disciplines to present a holistic, multi-dimensional approach. This new edition, fully revised and updated, and including several new chapters, covers all of the primary topics in entrepreneurship, including entrepreneurial behavior, risk and opportunity recognition, equity financing, business culture and strategy, innovation, and the impact of entrepreneurship on economic growth and development. Featuring an integrative introduction, extensive literature reviews and reference lists, the Handbook will continue to serve as a roadmap to the rapidly evolving and dynamic field of entrepreneurship.

An Assessment of Discount Methods for Evaluating Efficiency of Investments in Education

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Publisher :
ISBN 13 : 9789279539510
Total Pages : 26 pages
Book Rating : 4.5/5 (395 download)

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Book Synopsis An Assessment of Discount Methods for Evaluating Efficiency of Investments in Education by :

Download or read book An Assessment of Discount Methods for Evaluating Efficiency of Investments in Education written by and published by . This book was released on 2015 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: As clearly stated by Pareto, no society can avoid the economic problem of "opposition between tastes and obstacles" that is, as in other categories of economic decisions, investments in education have to take into account their opportunity cost. This implies that when education policies need to be implemented, there is a previous need of comparing different actions and evaluating them to assess their attractiveness. In this comparison process, one of the technical difficulties which has to be solved is the choice of the correct mathematical aggregation rule (i.e. the commonly called investment evaluation criterion or discount method) to use.^The internal rate of return (IRR) is widely used in educational policy and planning; the main justifications are three: 1) the choice of a discount rate may vary for different countries and at different times, while IRR is an "objective" measure, 2) IRR allows the comparison with investments in the private sector, and 3) IRR allows the comparison of investments in different educational fields, such as primary schooling and university (by simply considering the average rates of return in each field). However, the debate on the proper evaluation criterion to use, when a private investment decision has to be taken or a public project appraisal has to be carried out, is a traditional one in financial, public and production economics. Although the considerable amount of existing literature, the problem of the choice of the right investment evaluation criterion is still an open one.^The majority of authors claim that net present value (NPV) is a superior criterion and thus it is the one to be always used. Other authors try to show that various investment evaluation criteria, under specific conditions, arrive at the same recommendation. This research aims at clarifying this controversial topic by focusing on some clear cut formal properties of the various investment evaluation criteria and by considering the empirical characteristics of the different fields of application. Clear guidelines for education investment evaluation will be drawn.

Private and Public Investment Analysis

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Publisher : Thomson South-Western
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Private and Public Investment Analysis by : Thomas Palm

Download or read book Private and Public Investment Analysis written by Thomas Palm and published by Thomson South-Western. This book was released on 1985 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: