CAPITAL BUDGETING, INTERTEMPORAL PROGRAMMING MODELS, WITH PARTICULAR REFERENCE TO AGRICULTURE
نویسندگان
چکیده
منابع مشابه
Intertemporal Budgeting and Efficiency
This paper introduces an intertemporal variable cost indirect technology which permits technological change over time and allows for financial flexibility. It characterizes agencies which maximize the outputs or services subject to the budget they face. We define Farrelltype output oriented technical efficiency under different financial regimes and efficiency gains from financial flexibilities....
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Fuzzy equivalents of all the classical capital budgeting (investment choice) methods are generalised or proposed. These equivalents can be used to evaluate and compare projects in which the cash ows, duration time and required rate of return (cost of capital) are given imprecisely, in the form of a fuzzy number. c © 2000 Elsevier Science B.V. All rights reserved.
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Most investment decisions present the following three characteristics: • Irreversibility: The investment is partially or completely sunk, i.e. it cannot be recovered. • Uncertainty: The best that can be done is to assess the probabilities of the alternative outcomes that can imply larger or smaller profits. • Timing: The decision can be postponed in order to get more information (but never comp...
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ژورنال
عنوان ژورنال: Australian Journal of Agricultural Economics
سال: 1970
ISSN: 0004-9395
DOI: 10.1111/j.1467-8489.1970.tb00067.x