Capital Budgeting

Erscheinungsjahr 2015
ISBN: 978-0-521-81782-0
Verlag: Cambridge University Press

Buch, Englisch, 342 Seiten, Format (B × H): 175 mm x 250 mm, Gewicht: 770 g

This book explains the financial appraisal of capital budgeting projects. The coverage extends from the development of basic concepts, principles and techniques to the application of them in increasingly complex and real-world situations. Identification and estimation (including forecasting) of cash flows, project appraisal formulae, and the application of net present value (NPV), internal rate of return (IRR) and other project evaluation criteria are illustrated with a variety of calculation examples. Risk analysis is extensively covered by the use of risk adjusted discount rate, certainty equivalent, sensitivity, simulation and Monte Carlo analysis. The NPV and IRR models are further applied to forestry, property and international investments. Resource constraints are introduced to the capital budgeting decisions with a variety of worked examples using linear programming technique. All calculations are extensively supported by Excel workbooks on the Web, and each chapter is well reviewed by end of chapter questions.

Autoren/Hrsg.

Dayananda, Don

Irons, Richard

Harrison, Steve

Herbohn, John

Rowland, Patrick

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines
• Technische Wissenschaften Verfahrenstechnik | Chemieingenieurwesen | Biotechnologie Technologie der Holzverarbeitung
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Ökonometrie
• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Kostenmanagement, Budgetierung
• Wirtschaftswissenschaften Betriebswirtschaft Wirtschaftsmathematik und -statistik
• Wirtschaftswissenschaften Betriebswirtschaft Betriebswirtschaft: Theorie & Allgemeines

Inhaltsverzeichnis

1. Capital budgeting: an overview; 2. Project cash flows; 3. Forecasting cash flows: overview, quantitative techniques, approaches; 4. Forecasting cash flows: qualitative methods; 5. Essential Formulae in project appraisal; 6. Project analysis under certainty; 7. Project appraisal under risk; 8. Sensitivity and break-even analysis; 9. Simulation concepts and methods; 10. Case study in financial modelling and simulation of a forestry investment; 11. Resource constraints and linear programming; 12. More advanced linear programming concepts and methods; 13. Financial modelling case study in forestry project evaluation; 14. Property investment analysis; 15. Forecasting and analysing risks in property investments; 16. Multinational corporations and International Project appraisal; Appendix A: Answers to review questions.

Über Autor(innen)

Rowland, Patrick
Senior Lecturer, Department of Property Studies, Curtin University of Technology

Irons, Richard
Associate Professor of Economics, School of Economics, University of Queensland

Dayananda, Don
Senior Lecturer in Finance , School of Commerce, Central Queensland University

Herbohn, John
Lecturer in Finance, School of Commerce, Central Queensland University

Harrison, Steve
Senior Lecturer, School of Natural and Rural Sustems Management, University of Queensland