Changes in budgeting

Cooperation in the Budgeting Process

In this article I analyze the role of cooperation between firm divisions in the budgeting process. I study a setting in which cooperation is a necessary condition for information sharing among division managers, which in turn benefits the principal. The results in this article can help reconcile the differing views between practitioners and academic researchers on the desirability of cooperatio...

Better Budgeting

Eco-Efficiency in Corporate Budgeting

Modeling and Analysis: Budgeting

This presentation addresses the fundamentals of budgeting: What is a budget, how to create and use a budget, what types of budgets are there. What is the relation with modeling and measuring. Distribution This article or presentation is written as part of the Gaudí project. The Gaudí project philosophy is to improve by obtaining frequent feedback. Frequent feedback is pursued by an open creatio...

Fuzzy capital budgeting

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.