S. NamdarZangeneh

[ 1 ] - Solving the Paradox of Multiple IRR\'s in Engineering Economic Problems by Choosing an Optimal -cut

Until now single values of IRR are traditionally used to estimate the time value of cash flows. Since uncertainty exists in estimating cost data, the resulting decision may not be reliable. The most commonly cited drawbacks to using the internal rate of return in evaluatton of deterministic cash flow streams is the possibility of multiple conflicting internal rates of return. In this paper we p...