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Capital Budgeting Under Conditions of Uncertainty

  • Book
  • © 1981

Overview

Editors:
  1. Roy L. Crum

    1. University of Florida, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Frans G. J. Derkinderen

    1. The Netherlands School of Business, Netherlands

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Nijenrode Studies in Business (NSIB, volume 5)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xii
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  2. Government Intervention in the Investment Process

    1. Front Matter

      Pages 1-1
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    2. Investment Decisions In The Electric Industry: The Spanish Case

      • Antoni Parés, Cristian Sala, Robert Tornabell
      Pages 3-20

    3. The Influence of Increased Environmental Turbulence on Corporate Investment and Financial Planning

      • Bertil Gandemo
      Pages 21-37

    4. The Influence of Tax Incentives on Capital Budgeting Decisions Under Uncertainty

      • Dieter Schneider
      Pages 38-59

  3. Investment Issues in Complex Environments

    1. Front Matter

      Pages 61-61
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    2. The Impact of Stochastic Project Lives on Capital Budgeting Decisions

      • Roger P. Bey
      Pages 63-80

    3. Capital Budgeting Under Qualitative Data Information

      • Wolfgang Bühler
      Pages 81-117

    4. Evaluating International Projects: An Adjusted Present Value Approach

      • Donald R. Lessard
      Pages 118-137

    5. Critical Assumptions in Evaluating Foreign Investment Projects

      • William R. Folks Jr.
      Pages 138-152

  4. Capital Allocation Modeling

    1. Front Matter

      Pages 153-153
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    2. Multicriteria Approaches to Decision Modeling

      • Roy L. Crum, Frans G. J. Derkinderen
      Pages 155-173

    3. Flexibility of Corporate Planning Models in the Case of Changing Objectives

      • Reinhart Schmidt
      Pages 174-187

    4. Interactive Multiple Goal Programming as an Aid for Capital Budgeting and Financial Planning with Multiple Goals

      • Jaap Spronk
      Pages 188-212

    5. Capital Rationing Methods

      • John D. Forsyth, David C. Owen
      Pages 213-235

  5. Epilogue

    1. Epilogue

      • Roy L. Crum, Frans G. J. Derkinderen
      Pages 237-238
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Keywords

About this book

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.

Editors and Affiliations

  • University of Florida, USA

    Roy L. Crum

  • The Netherlands School of Business, Netherlands

    Frans G. J. Derkinderen

Bibliographic Information

  • Book Title: Capital Budgeting Under Conditions of Uncertainty

  • Editors: Roy L. Crum, Frans G. J. Derkinderen

  • Series Title: Nijenrode Studies in Business

  • DOI: https://doi.org/10.1007/978-94-011-7408-4

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Martinus Nijhoff Publishing 1981

  • Softcover ISBN: 978-94-011-7410-7Published: 01 March 2012

  • eBook ISBN: 978-94-011-7408-4Published: 06 December 2012

  • Series ISSN: 0924-4980

  • Edition Number: 1

  • Number of Pages: 250

  • Topics: Finance, general

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