Uncertainty Stochastic Models And The Capital Budgeting Decision

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Capital Budgeting Under Conditions of Uncertainty

Author : R.L. Crum
Publisher : Springer Science & Business Media
ISBN 13 : 9401174083
Total Pages : 246 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Capital Budgeting Under Conditions of Uncertainty by : R.L. Crum

Download or read book Capital Budgeting Under Conditions of Uncertainty written by R.L. Crum and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The business environment, particularly after the continuing oil crises of the seventies, can be characterized as evolving rapidly in complex and often unpre dictable ways. Such things as high interest and inflation rates, fluctuating ex change rates, volatile commodity markets, and increasing political turmoil have led to a situation in which explicit consideration of environmental dynamics is becoming much more important for successful business planning than was true in the past. Companies are finding that it is no longer possible to conduct "busi ness as usual" under these changing circumstances. Rather, decision makers are having to be more cognizant of the many sources of uncertainty that could have serious impacts on the continued prosperity of the firm, as well as of actions that can be taken so that the company can thrive in spite of these greater uncertainties. Businesses have responded to these challenges by giving more thorough con sideration to strategic issues. Whereas in the past the steady progression of mar kets and technology was taken for granted, the uncertainties associated with increased worldwide competition, as well as with other exogenous factors, have vii viii INTRODUCTION forced companies to think more about flexibility. This involves not only how best to exploit profitable current options, but also how to position themselves at present to be able to respond appropriately to threats and opportunities as they arise in the future. Unfortunately, in this redirection of outlook, the fmance profession has not kept pace.

Selected Water Resources Abstracts

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Selected Water Resources Abstracts by :

Download or read book Selected Water Resources Abstracts written by and published by . This book was released on 1970 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment under Uncertainty, Coalition Spillovers and Market Evolution in a Game Theoretic Perspective

Author : J.H.H Thijssen
Publisher : Springer Science & Business Media
ISBN 13 : 1402079443
Total Pages : 255 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Investment under Uncertainty, Coalition Spillovers and Market Evolution in a Game Theoretic Perspective by : J.H.H Thijssen

Download or read book Investment under Uncertainty, Coalition Spillovers and Market Evolution in a Game Theoretic Perspective written by J.H.H Thijssen and published by Springer Science & Business Media. This book was released on 2006-04-11 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two crucial aspects of economic reality are uncertainty and dynamics. In this book, new models and techniques are developed to analyse economic dynamics in an uncertain environment. In the first part, investment decisions of firms are analysed in a framework where imperfect information regarding the investment's profitability is obtained randomly over time. In the second part, a new class of cooperative games, spillover games, is developed and applied to a particular investment problem under uncertainty: mergers. In the third part, the effect of bounded rationality on market evolution is analysed for oligopolistic competition and incomplete financial markets.

Optimal Decisions Under Uncertainty

Author : J.K. Sengupta
Publisher : Springer Science & Business Media
ISBN 13 : 3642701639
Total Pages : 295 pages
Book Rating : 4.6/5 (427 download)

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Book Synopsis Optimal Decisions Under Uncertainty by : J.K. Sengupta

Download or read book Optimal Decisions Under Uncertainty written by J.K. Sengupta and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the stochastic enviornment is as much important to the manager as to the economist. From production and marketing to financial management, a manager has to assess various costs imposed by uncertainty. The economist analyzes the role of incomplete and too often imperfect information structures on the optimal decisions made by a firm. The need for understanding the role of uncertainty in quantitative decision models, both in economics and management science provide the basic motivation of this monograph. The stochastic environment is analyzed here in terms of the following specific models of optimization: linear and quadratic models, linear programming, control theory and dynamic programming. Uncertainty is introduced here through the para meters, the constraints, and the objective function and its impact evaluated. Specifically recent developments in applied research are emphasized, so that they can help the decision-maker arrive at a solution which has some desirable charac teristics like robustness, stability and cautiousness. Mathematical treatment is kept at a fairly elementary level and applied as pects are emphasized much more than theory. Moreover, an attempt is made to in corporate the economic theory of uncertainty into the stochastic theory of opera tions research. Methods of optimal decision rules illustrated he re are applicable in three broad areas: (a) applied economic models in resource allocation and economic planning, (b) operations research models involving portfolio analysis and stochastic linear programming and (c) systems science models in stochastic control and adaptive behavior.

Encyclopedia of Financial Models, Volume III

Author : Frank J. Fabozzi
Publisher : John Wiley & Sons
ISBN 13 : 1118539834
Total Pages : 1060 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis Encyclopedia of Financial Models, Volume III by : Frank J. Fabozzi

Download or read book Encyclopedia of Financial Models, Volume III written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2012-09-20 with total page 1060 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 3 of the Encyclopedia of Financial Models The need for serious coverage of financial modeling has never been greater, especially with the size, diversity, and efficiency of modern capital markets. With this in mind, the Encyclopedia of Financial Models has been created to help a broad spectrum of individuals—ranging from finance professionals to academics and students—understand financial modeling and make use of the various models currently available. Incorporating timely research and in-depth analysis, Volume 3 of the Encyclopedia of Financial Models covers both established and cutting-edge models and discusses their real-world applications. Edited by Frank Fabozzi, this volume includes contributions from global financial experts as well as academics with extensive consulting experience in this field. Organized alphabetically by category, this reliable resource consists of forty-four informative entries and provides readers with a balanced understanding of today’s dynamic world of financial modeling. Volume 3 covers Mortgage-Backed Securities Analysis and Valuation, Operational Risk, Optimization Tools, Probability Theory, Risk Measures, Software for Financial Modeling, Stochastic Processes and Tools, Term Structure Modeling, Trading Cost Models, and Volatility Emphasizes both technical and implementation issues, providing researchers, educators, students, and practitioners with the necessary background to deal with issues related to financial modeling The 3-Volume Set contains coverage of the fundamentals and advances in financial modeling and provides the mathematical and statistical techniques needed to develop and test financial models Financial models have become increasingly commonplace, as well as complex. They are essential in a wide range of financial endeavors, and the Encyclopedia of Financial Models will help put them in perspective.

Data and Decision Sciences - Recent Advances and Applications

Author :
Publisher : BoD – Books on Demand
ISBN 13 : 1803562870
Total Pages : 132 pages
Book Rating : 4.8/5 (35 download)

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Book Synopsis Data and Decision Sciences - Recent Advances and Applications by :

Download or read book Data and Decision Sciences - Recent Advances and Applications written by and published by BoD – Books on Demand. This book was released on 2023-10-25 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of Data and Decision Sciences (DDS) and recent advances and applications in space-based systems and business, medical, and agriculture processes, decision optimization modeling, and cognitive decision-making. Written by experts, this volume is organized into four sections and seven chapters. It is a valuable resource for educators, engineers, scientists, and researchers in the field of DDS.

Portfolio Selection Using Multi-Objective Optimisation

Author : Saurabh Agarwal
Publisher : Springer
ISBN 13 : 3319544160
Total Pages : 240 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Portfolio Selection Using Multi-Objective Optimisation by : Saurabh Agarwal

Download or read book Portfolio Selection Using Multi-Objective Optimisation written by Saurabh Agarwal and published by Springer. This book was released on 2017-08-21 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the risk-return paradox in portfolio selection by incorporating multi-objective criteria. Empirical research is presented on the development of alternate portfolio models and their relative performance in the risk/return framework to provide solutions to multi-objective optimization. Next to outlining techniques for undertaking individual investor’s profiling and portfolio programming, it also offers a new and practical approach for multi-objective portfolio optimization. This book will be of interest to Foreign Institutional Investors (FIIs), Mutual Funds, investors, and researchers and students in the field.

Basic Uncertainty in Capital Budgeting

Author : Ronald Wesley Spahr
Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Basic Uncertainty in Capital Budgeting by : Ronald Wesley Spahr

Download or read book Basic Uncertainty in Capital Budgeting written by Ronald Wesley Spahr and published by . This book was released on 1976 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Corporate Governance, Capital Markets, and Capital Budgeting

Author : Baliira Kalyebara
Publisher : Springer Science & Business Media
ISBN 13 : 3642359078
Total Pages : 234 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Corporate Governance, Capital Markets, and Capital Budgeting by : Baliira Kalyebara

Download or read book Corporate Governance, Capital Markets, and Capital Budgeting written by Baliira Kalyebara and published by Springer Science & Business Media. This book was released on 2013-07-31 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary contribution of this book is to integrate the important disciplines which simultaneously impact the investment appraisal process. The book presents a study that develops a new approach to investment appraisal which uses a multiple objective linear programming (MOLP) model to integrate the selected disciplines which include capital markets, corporate governance and capital budgeting. The research covers two case studies, one in the e-commerce sector and another in the airline industry in which the above disciplines are integrated. Readers from the areas of corporate governance, regulation, and accounting would find the survey of different approaches and the new integrated optimization approach particularly useful.

Capital Structure Decisions

Author : Yamini Agarwal
Publisher : John Wiley & Sons
ISBN 13 : 111820316X
Total Pages : 208 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Capital Structure Decisions by : Yamini Agarwal

Download or read book Capital Structure Decisions written by Yamini Agarwal and published by John Wiley & Sons. This book was released on 2013-03-29 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inside the risk management and corporate governance issues behind capital structure decisions Practical ways of determining capital structures have always been mysterious and riddled with risks and uncertainties. Dynamic paradigm shifts and the multi-dimensional operations of firms further complicate the situation. Financial leaders are under constant pressure to outdo their competitors, but how to do so is not always clear. Capital Structure Decisions offers an introduction to corporate finance, and provides valuable insights into the decision-making processes that face the CEOs and CFOs of organizations in dynamic multi-objective environments. Exploring the various models and techniques used to understand the capital structure of an organization, as well as the products and means available for financing these structures, the book covers how to develop a goal programming model to enable organization leaders to make better capital structure decisions. Incorporating international case studies to explain various financial models and to illustrate ways that capital structure choices determine their success, Capital Structure Decisions looks at existing models and the development of a new goal-programming model for capital structures that is capable of handling multiple objectives, with an emphasis throughout on mitigating risk. Helps financial leaders understand corporate finance and the decision-making processes involved in understanding and developing capital structure Includes case studies from around the world that explain key financial models Emphasizes ways to minimize risk when it comes to working with capital structures There are a number of criteria that financial leaders need to consider before making any major capital investment decision. Capital Structure Decisions analyzes the various risk management and corporate governance issues to be considered by any diligent CEO/CFO before approving a project.

Integer Programming and Related Areas

Author : C. Kastning
Publisher : Springer Science & Business Media
ISBN 13 : 3662022842
Total Pages : 504 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis Integer Programming and Related Areas by : C. Kastning

Download or read book Integer Programming and Related Areas written by C. Kastning and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integer Prograw~ing is one of the most fascinating and difficult areas in the field of Mathematical Optimization. Due to this fact notable research contributions to Integer Programming have been made in very different branches of mathematics and its applications. Since these publications are scattered over many journals, proceedings volumes, monographs, and working papers, a comprehensive bibliography of all these sources is a helpful tool even for specialists in this field. I initiated this compilation of literature in 1970 at the Institut fur ~konometrie und Operations Research, University of Bonn. Since then many collaborators have contributed to and worked on it. Among them Dipl.-Math. Claus Kastning has done the bulk of the work. With great perseverance and diligence he has gathered all the material and checked it with the original sources. The main aim was to incorporate rare and not easily accessible sources like Russian journals, preprints or unpublished papers. Without the invaluable and dedicated engagement of Claus Kastning the bibliography would never have reached this final version. For this reason he must be considered its responsible editor. As with any other collection this literature list has a subjective viewpoint and may be in some sense incomplete. We have however tried to be as complete as possible. The bibliography contains 4704 different publications by 6767 authors which were classified by 11839 descriptor entries.

Capital Budgeting Under Uncertainty

Author : Raj Aggarwal
Publisher :
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Capital Budgeting Under Uncertainty by : Raj Aggarwal

Download or read book Capital Budgeting Under Uncertainty written by Raj Aggarwal and published by . This book was released on 1993 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment under Uncertainty

Author : Robert K. Dixit
Publisher : Princeton University Press
ISBN 13 : 1400830176
Total Pages : 484 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Investment under Uncertainty by : Robert K. Dixit

Download or read book Investment under Uncertainty written by Robert K. Dixit and published by Princeton University Press. This book was released on 2012-07-14 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.

College of Engineering

Author : University of Michigan. College of Engineering
Publisher : UM Libraries
ISBN 13 :
Total Pages : 796 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis College of Engineering by : University of Michigan. College of Engineering

Download or read book College of Engineering written by University of Michigan. College of Engineering and published by UM Libraries. This book was released on 1978 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Encyclopedia of Financial Models

Author : Frank J. Fabozzi
Publisher : John Wiley & Sons
ISBN 13 : 1118539958
Total Pages : 3180 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis Encyclopedia of Financial Models by : Frank J. Fabozzi

Download or read book Encyclopedia of Financial Models written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2012-10-15 with total page 3180 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential reference dedicated to a wide array of financial models, issues in financial modeling, and mathematical and statistical tools for financial modeling The need for serious coverage of financial modeling has never been greater, especially with the size, diversity, and efficiency of modern capital markets. With this in mind, the Encyclopedia of Financial Models, 3 Volume Set has been created to help a broad spectrum of individuals—ranging from finance professionals to academics and students—understand financial modeling and make use of the various models currently available. Incorporating timely research and in-depth analysis, the Encyclopedia of Financial Models is an informative 3-Volume Set that covers both established and cutting-edge models and discusses their real-world applications. Edited by Frank Fabozzi, this set includes contributions from global financial experts as well as academics with extensive consulting experience in this field. Organized alphabetically by category, this reliable resource consists of three separate volumes and 127 entries—touching on everything from asset pricing and bond valuation models to trading cost models and volatility—and provides readers with a balanced understanding of today's dynamic world of financial modeling. Frank Fabozzi follows up his successful Handbook of Finance with another major reference work, The Encyclopedia of Financial Models Covers the two major topical areas: asset valuation for cash and derivative instruments, and portfolio modeling Fabozzi explores the critical background tools from mathematics, probability theory, statistics, and operations research needed to understand these complex models Organized alphabetically by category, this book gives readers easy and quick access to specific topics sorted by an applicable category among them Asset Allocation, Credit Risk Modeling, Statistical Tools 3 Volumes onlinelibrary.wiley.com Financial models have become increasingly commonplace, as well as complex. They are essential in a wide range of financial endeavors, and this 3-Volume Set will help put them in perspective.

Tax and Optimal Capital Budgeting Decisions

Author : Suzanne Farrar
Publisher : Routledge
ISBN 13 : 0429789122
Total Pages : 312 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Tax and Optimal Capital Budgeting Decisions by : Suzanne Farrar

Download or read book Tax and Optimal Capital Budgeting Decisions written by Suzanne Farrar and published by Routledge. This book was released on 2020-04-22 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume responds to the system of corporate taxation in the UK and aims to develop mathematical programming models which determine the optimum combination of investment decisions and financing methods for capital budgeting on a post-tax basis, incorporating specific important areas not previously examined in the literature. Suzanne Farrar also aims to achieve operational experience of these models, in order to gain insights into the impact of taxation on project appraisal in complex situations where several potentially distorting tax effects operate simultaneously, and the general practical feasibility of operational use. Beginning with capital investment and the UK Corporate Tax System, Farrar moves onto capital investment appraisal, tax and optimal financing, optimisation models in capital budgeting, the mathematical programming model and operational use of that model.

Financial Management Practices

Author : P.K. Jain
Publisher : Springer Science & Business Media
ISBN 13 : 8132209907
Total Pages : 426 pages
Book Rating : 4.1/5 (322 download)

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Book Synopsis Financial Management Practices by : P.K. Jain

Download or read book Financial Management Practices written by P.K. Jain and published by Springer Science & Business Media. This book was released on 2013-03-26 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial management practices are likely to have a marked effect on the financial performance of a corporate enterprise. Therefore, sound financial decisions/practices can contribute towards meeting the desired objective of having profitable operations. This subject assumes paramount significance in view of the present dynamic and turbulent business environment, which has produced more intense competition and smaller profit margins across the world. In this context, the financial management practices of the corporates in India, a country with a vast potential for economic growth, can offer valuable insights. The present study explores whether there has been a major change in the financial performance (measured in terms of profitability) and financial policies/decisions of the sample companies over a fixed period (2000-2001 to 2010-2011), with a special focus on pre and post-recession analysis. It delves deeper into current research areas such as zero working capital, real options in capital budgeting, pecking order in capital structures, and clause 49 as reflected in the financial management decisions of sample companies, and provides a broader perspective by identifying trends (if any) in certain aspects of financial decision-making over the past two decades. A comprehensive study, covering all the major aspects of financial management practices, also contains an inter-sectoral study (among the sample companies) and develops an index of professionalism in financial management based on the practices of the sample companies. The book is primarily targeted at teachers/students of finance, management, commerce, accounting and related professional disciplines/fields. Practitioners/professionals will find it an invaluable text that helps guide them to better decision-making.