Dayananda, Don,

Capital budgeting : financial appraisal of investment projects / Don Dayananda [and four others]. - Cambridge : Cambridge University Press, 2002. - 1 online resource (xx, 321 pages) : digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

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.

9780511753701 (ebook)


Capital budget.
Capital investments.

HG4028.C4 / D39 2002

658.15/242