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Techniques for Project Appraisal Under Uncertainty

1970 Business & Economics
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Release : 1970
Genre : Business & Economics
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Book Synopsis Techniques for Project Appraisal Under Uncertainty by : Shlomo Reutlinger

Download or read book Techniques for Project Appraisal Under Uncertainty written by Shlomo Reutlinger. This book was released on 1970. Available in PDF, EPUB and Kindle. Book excerpt: The appraisal of events that have uncertain outcomes is discussed with particular reference to a feasible method for evaluating the riskiness of investment projects. The essence of the uncertainty problem is that many of the variables affecting the outcome of a particular plan are outside of the planner's control. Uncertainty, which is relevant for most decisions, is best characterized in terms of a decision agent's subjective beliefs about probabilities. The probabilistic approach lends itself best to an appraisal of possible outcomes of a project that is affected by uncertainties from many sources. Probability judgments about many basic variables and parameters affecting the final outcome can be aggregated into an estimate of the probability distribution of that final outcome. This aggregation method is demonstrated for calculation of the economic returns of a project. The method of approximation by a simulated sample is described, and its application to probability distribution rates of returns from actual projects is explained. The preparation of a mathematical model is detailed, emphasizing the usefulness of computerized calculations. Fourteen tables and nine figures are provided.

Project Appraisal Under Uncertainty

2011
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Release : 2011
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Book Synopsis Project Appraisal Under Uncertainty by : Pankaj M. Madhani

Download or read book Project Appraisal Under Uncertainty written by Pankaj M. Madhani. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: In today's business environment, traditional capital budgeting methods are no longer adequate to reflect the dynamic world of new economy. The typical project appraisal methods are based on Discounted Cash Flow (DCF)-based measures like Net Present Value (NPV) and Internal Rate of Return (IRR). However, they exhibit weaknesses in dealing with uncertainty, complexity and flexibility. Real options are very powerful method for evaluating project under uncertainty. Real options approach is a method of evaluating project investment decisions in an uncertain business environment.

Engineering Project Appraisal

2012-07-03 Technology & Engineering
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Release : 2012-07-03
Genre : Technology & Engineering
Kind : eBook
Book Rating : 113/5 ( reviews)

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Book Synopsis Engineering Project Appraisal by : Martin Rogers

Download or read book Engineering Project Appraisal written by Martin Rogers. This book was released on 2012-07-03. Available in PDF, EPUB and Kindle. Book excerpt: In most cases of civil engineering development, a range of alternative schemes meeting project goals are feasible, so some form of evaluation must be carried out to select the most appropriate to take forward. Evaluation criteria usually include the economic, environmental and social contexts of a project as well as the engineering challenges, so engineers must be familiar with the processes and tools used. The second edition of Engineering Project Appraisal equips students with the understanding and analytical tools to carry out effective appraisals of alternative development schemes, using both economic and non-economic criteria. The building blocks of economic appraisal are covered early, leading to techniques such as net present worth, internal rate of return and annual worth. Cost Benefit Analysis is dealt with in detail, together with related methods such as Cost Effectiveness and the Goal Achievement Matrix. The text also details three multi-criteria models which have proved useful in the evaluation of proposals in the transportation, solid waste, energy and water resources fields: the Simple Additive Weighting (SAW) Model, the Analytic Hierarchy Process (AHP) technique and Concordance Analysis. There is a full discussion dealing with risk and uncertainty in these models. With many worked examples and case studies, Engineering Project Appraisal is an essential text for both undergraduate and postgraduate students on professional civil engineering courses, and it is expected that students on planning and construction management courses will find it a valuable addition to their reading.

Investment Appraisal

2015-03-18 Business & Economics
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Release : 2015-03-18
Genre : Business & Economics
Kind : eBook
Book Rating : 519/5 ( reviews)

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Book Synopsis Investment Appraisal by : Uwe Götze

Download or read book Investment Appraisal written by Uwe Götze. This book was released on 2015-03-18. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an introduction to investment appraisal and presents a range of methods and models, some of which are not widely known, or at least not well covered by other textbooks. Each approach is thoroughly described, evaluated and illustrated using examples, with its assumptions and limitations analyzed in terms of their implications for investment decision-making practice. Investment decisions are of vital importance to all companies. Getting these decisions right is crucial but, due to a complex and dynamic business environment, this remains a challenging management task. Effective appraisal methods are valuable tools in supporting investment decision-making. As organisations continue to seek a competitive edge, it is increasingly important that management accountants and strategic decision-makers have a sound knowledge of these tools.

Forecasting, Uncertainty, and Public Project Appraisal

1989 Commodity exchanges
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Release : 1989
Genre : Commodity exchanges
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Book Synopsis Forecasting, Uncertainty, and Public Project Appraisal by : Jock R. Anderson

Download or read book Forecasting, Uncertainty, and Public Project Appraisal written by Jock R. Anderson. This book was released on 1989. Available in PDF, EPUB and Kindle. Book excerpt: A measure of the probability of commodity price forecasts is not necessary for most project analysis, but it does give users a realistic view of the forecast's precision -- and imposes a useful discipline on the forecaster.

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