MTEI-WP-2013-001-Weber-1st page-revisedOct13
نویسندگان
چکیده
The internal rate of return (IRR) is generally considered inferior to the net present value (NPV) as a tool for evaluating and ranking projects, despite its inherently useful comparability to the cost of capital and the return of other investment opportunities. We introduce the \selective IRR," a return criterion which, as a selection of an extended set of possible IRRs, is NPV-consistent. The selective IRR always exists, is unique, easy to compute, and does not suer from drawbacks that befall the project investment rate, the only other known NPVconsistent return criterion.
منابع مشابه
US Credit Unions: Survival, Consolidation and Growth
This paper uses hazard function estimations together with cross-sectional growth regressions to examine the impact of exit through merger and acquisition (M&A) or failure, and internally-generated growth, on the firm-size distribution of US credit unions. Consolidation through M&A was the principal cause of a reduction in the number of credit unions, but impact on concentration was small. A pos...
متن کاملStreaming Fact Extraction for Wikipedia Entities at Web-Scale
Wikipedia.org is the largest online resource for free information and is maintained by a small number of volunteer editors. The site contains 4.3 million english articles; these pages can easily be neglected, becoming out of date. Any news-worthy event may require an update of several pages. To address this issue of stale articles we create a system that reads in a stream diverse web documents ...
متن کاملRecurrent tuberculosis risk among HIV-infected adults in Tanzania with prior active tuberculosis.
BACKGROUND Active tuberculosis is common among human immunodeficiency virus (HIV)-infected persons living in tuberculosis-endemic areas, but the hazard of subsequent tuberculosis disease has not been quantified in a single prospective cohort. METHODS Among HIV-infected, BCG-immunized adults with CD4 counts ≥200 cells/μL who received placebo in the DarDar tuberculosis vaccine trial in Tanzania...
متن کاملPhase III trial evaluating weekly paclitaxel versus docetaxel in combination with capecitabine in operable breast cancer.
PURPOSE We investigated whether capecitabine and docetaxel followed by fluorouracil, epirubicin, and cyclophosphamide (FEC) or weekly paclitaxel (WP) followed by FEC would improve relapse-free survival (RFS) in operable breast cancer. PATIENTS AND METHODS In this single-institution study, patients with clinical stages I to IIIC breast cancer were randomly assigned on a 1:1 basis to WP 80 mg/m...
متن کامل