Advanced Capital Budgeting

Author : Harold Bierman, Jr.,Seymour Smidt
Publisher : Routledge
Page : 384 pages
File Size : 45,7 Mb
Release : 2014-02-04
Category : Business & Economics
ISBN : 9781317828822

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Advanced Capital Budgeting by Harold Bierman, Jr.,Seymour Smidt Pdf

Written by authors of established texts in this area, this book is a companion volume to the classic The Capital Budgeting Decision. Exploring this key topic in corporate finance the authors examine the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements. Containing ‘Global Aspects’ sections that cover cross-border decision-making, this book also emphasizes the application of capital budgeting techniques to a variety of issues, including the hugely significant ‘buy versus lease’ decision that cost corporations billions each year. It gives in-depth coverage to: real options - the value of a project must take into consideration the flexibility that it provides management, acknowledging the option of making decisions in the future when more information is available decomposing cash flows - a project consists of many series of cash flows and each series deserves its own specific risk-adjusted discount rate. Decomposing the cash flows of an investment highlights the fact that while managers are generally aware that divisions and projects have different risks, too often they neglect the fact that the cash flow components may also have different risks, with severe consequences on the quality of the decision-making. Designed to assist those making business decisions at all levels, this volume is essential reading for all those working in or studying capital budgeting.

Author : Pamela P. Peterson,Frank J. Fabozzi
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 52,8 Mb
Release : 2004-01-21
Category : Business & Economics
ISBN : 9780471446422

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Capital Budgeting by Pamela P. Peterson,Frank J. Fabozzi Pdf

Capital investment decisions are a constant challenge to all levels of financial managers. Capital Budgeting: Theory and Practice shows you how to confront them using state-of-the-art techniques. Broken down into four comprehensive sections, Capital Budgeting: Theory and Practice explores and illustrates all aspects of the capital budgeting decision process. Pamela Peterson and Frank Fabozzi examine the critical issues and limitations of capital budgeting techniques with an in-depth analysis of: Classifying capital budgeting proposals Determining the relevant cash flows for capital budgeting proposals Assessing the economic value of a capital budgeting proposal using different techniques Incorporating risk into the capital budgeting decision Evaluating whether to lease or borrow-to-buy Capital Budgeting: Theory and Practice provides the knowledge, insight, and advice that will allow you to handle one of the most important aspects of your firm's financial management. Advanced enough for practitioners yet accessible enough for the novice, Capital Budgeting: Theory and Practice is your complete guide to understanding and benefiting from the essential techniques of capital budgeting.

Author : Harold Bierman, Jr.,Seymour Smidt
Publisher : Routledge
Page : 386 pages
File Size : 41,9 Mb
Release : 2014-02-04
Category : Business & Economics
ISBN : 9781317828839

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Advanced Capital Budgeting by Harold Bierman, Jr.,Seymour Smidt Pdf

Written by authors of established texts in this area, this book is a companion volume to the classic The Capital Budgeting Decision. Exploring this key topic in corporate finance the authors examine the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements. Containing ‘Global Aspects’ sections that cover cross-border decision-making, this book also emphasizes the application of capital budgeting techniques to a variety of issues, including the hugely significant ‘buy versus lease’ decision that cost corporations billions each year. It gives in-depth coverage to: real options - the value of a project must take into consideration the flexibility that it provides management, acknowledging the option of making decisions in the future when more information is available decomposing cash flows - a project consists of many series of cash flows and each series deserves its own specific risk-adjusted discount rate. Decomposing the cash flows of an investment highlights the fact that while managers are generally aware that divisions and projects have different risks, too often they neglect the fact that the cash flow components may also have different risks, with severe consequences on the quality of the decision-making. Designed to assist those making business decisions at all levels, this volume is essential reading for all those working in or studying capital budgeting.

Author : Adrian Buckley
Publisher : Unknown
Page : 392 pages
File Size : 52,5 Mb
Release : 1996
Category : Capital budget
ISBN : UCAL:B5517971

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International Capital Budgeting by Adrian Buckley Pdf

An advanced level text which covers the concepts and practice of appraising international capital budgeting decisions; it presents many pioneering ideas for the development of a logical appraisal framework.

Author : Don Dayananda,Richard Irons,Steve Harrison,John Herbohn,Patrick Rowland
Publisher : Cambridge University Press
Page : 290 pages
File Size : 47,7 Mb
Release : 2002-10-17
Category : Business & Economics
ISBN : 9781139434874

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Capital Budgeting by Don Dayananda,Richard Irons,Steve Harrison,John Herbohn,Patrick Rowland Pdf

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.

Author : Jerome S. Osteryoung
Publisher : Unknown
Page : 251 pages
File Size : 54,9 Mb
Release : 1981
Category : Electronic
ISBN : OCLC:254643719

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Capital budgeting by Jerome S. Osteryoung Pdf

Author : Hazel J. Johnson
Publisher : FT Press
Page : 210 pages
File Size : 48,8 Mb
Release : 1999
Category : Business & Economics
ISBN : 0273638793

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Making Capital Budgeting Decisions by Hazel J. Johnson Pdf

Combining robust financial frameworks, this Corporate Finance Manual aims to enable managers to act on decisive strategies, backed up by sound financial judgements.

Author : Harold Bierman,Seymour Smidt
Publisher : Routledge
Page : 419 pages
File Size : 54,5 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780415400039

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The Capital Budgeting Decision by Harold Bierman,Seymour Smidt Pdf

Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a clear and concise introduction to this complex but essential topic in corporate finance. Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting. Features new to this edition include: a new chapter on real options new material on uncertainty in decision-making. Easily understandable, and covering the essentials of capital budgeting, this book helps readers to make intelligent capital budgeting decisions for corporations of every type.

Author : Harold Bierman, Jr.,Seymour Smidt
Publisher : Routledge
Page : 419 pages
File Size : 41,9 Mb
Release : 2012-11-12
Category : Business & Economics
ISBN : 9781135656232

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The Capital Budgeting Decision by Harold Bierman, Jr.,Seymour Smidt Pdf

Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a clear and concise introduction to this complex but essential topic in corporate finance. Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting. Features new to this edition include: a new chapter on real options new material on uncertainty in decision-making. Easily understandable, and covering the essentials of capital budgeting, this book helps readers to make intelligent capital budgeting decisions for corporations of every type.

Author : Ahmed Riahi-Belkaoui
Publisher : Bloomsbury Publishing USA
Page : 264 pages
File Size : 40,8 Mb
Release : 2000-12-30
Category : Business & Economics
ISBN : 9780313004599

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Evaluating Capital Projects by Ahmed Riahi-Belkaoui Pdf

The successful evaluation of capital projects requires not only a thorough understanding of traditional techniques of capital budgeting but advanced techniques as well. Riahi-Belkaoui examines the multidimensionality of capital budgeting in its various facets and in ways that executives with no special facility in the subject can follow. He covers replacement decisions, capital rationing, capital budgeting under inflation uncertainty, capital budgeting in a multinational setting with attention to political risks, social project evaluation, and concepts of wealth measurement and distribution. The result is a wide ranging treatment for executive decision makers in finance, banking, investment, and general management, and for their colleagues with similar interests in the academic community. Riahi-Belkaoui begins by examining the principles underlying the time value of money. In Chapter Two he introduces capital budgeting and in Chapter Three moves to advanced capital budgeting. There he discusses such advanced topics as replacement decisions, capital rationing, and capital budgeting under uncertainty and inflation. In Chapter Four he takes up the same issues associated with capital budgeting but in a global context, and in Chapter Five, the determination of political risk and its use in capital budgeting internationally. Chapter Six compares the techniques of leasing versus purchasing and their reliance on capital budgeting techniques. In Chapter Seven he turns to the techniques of capital budgeting applied to social projects, and ends the book with an examination of the behavior and cognitive implications of wealth measurement and distribution. This is a useful survey and examination of the traditional and advanced techniques of capital budgeting and their applications in domestic and international contexts.

Author : H. Kent Baker,Philip English
Publisher : John Wiley & Sons
Page : 533 pages
File Size : 40,7 Mb
Release : 2011-06-28
Category : Business & Economics
ISBN : 9780470569504

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Capital Budgeting Valuation by H. Kent Baker,Philip English Pdf

An essential guide to valuation techniques and financial analysis With the collapse of the economy and financial systems, many institutions are reevaluating what they are willing to spend money on. Project valuation is key to both cost effectiveness measures and shareholder value. The purpose of this book is to provide a comprehensive examination of critical capital budgeting topics. Coverage extends from discussing basic concepts, principles, and techniques to their application to increasingly complex, real-world situations. Throughout, the book emphasizes how financially sound capital budgeting facilitates the process of value creation and discusses why various theories make sense and how firms can use them to solve problems and create wealth. Offers a strategic focus on the application of various techniques and approaches related to a firm's overall strategy Provides coverage of international topics based on the premise that managers should view business from a global perspective Emphasizes the importance of using real options Comprised of contributed chapters from both experienced professionals and academics, Capital Budgeting Valuation offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.

Author : John J. Clark,Thomas J. Hindelang,Robert E. Pritchard
Publisher : Unknown
Page : 648 pages
File Size : 50,7 Mb
Release : 1989
Category : Capital assets pricing model
ISBN : UOM:39076001004261

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Capital Budgeting by John J. Clark,Thomas J. Hindelang,Robert E. Pritchard Pdf

Author : F. M. Wilkes
Publisher : Unknown
Page : 440 pages
File Size : 48,5 Mb
Release : 1983
Category : Business & Economics
ISBN : UOM:35128000874378

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Capital Budgeting Techniques by F. M. Wilkes Pdf

Good,No Highlights,No Markup,all pages are intact, Slight Shelfwear,may have the corners slightly dented, may have slight color changes/slightly damaged spine.

Author : Harold Bierman,Seymour Smidt
Publisher : Unknown
Page : 488 pages
File Size : 45,9 Mb
Release : 1975
Category : Business & Economics
ISBN : STANFORD:36105030259456

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The Capital Budgeting Decision by Harold Bierman,Seymour Smidt Pdf

The problem of capital budgeting; Illustrating the measures of investment worth; Present value versus rate of return; The meaning of present value; Classifying investments; The use of cash flows in evaluating investments; Corporate income taxes and investment decisions; Capital budgeting under capital rationing; An introduction to uncertainty; Introduction to portfolio analysis; The capital asset pricing model; Application of the capital asset pricing model to multiperiod investments; Uncertainty and undiversified investors; Buy or lease; Accounting concepts consistent with present-value calculations; Capital budgeting and inflation; Investment timing; Evaluation private investment proposals: a national economic point of view; Fluctuating rates of output; using investment portfolios to change risk; Models for portfolio analysis; Capital rationing: a programming approach.

Author : Shapiro
Publisher : Pearson Education India
Page : 264 pages
File Size : 47,5 Mb
Release : 2008-09
Category : Electronic
ISBN : 8131719898

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Capital Budgeting And Investment Analysis by Shapiro Pdf

Capital Budgeting and Investment Analysis marries theory with practice by providing numerous illustrations of real-world applications. It includes a discussion of capital budgeting's link to the corporation's strategy for creating value as well as addressing the international aspects of capital budgeting. The basic philosophy of this book is to help students develop their critical thinking skills required to assess potential investments. Topics covered include the basics of capital budgeting, the estimation of project cash flows and the project cost of capital, risk analysis in capital budgeting, and corporate strategy and its relationship to the capital-budgeting decision.