Discrete time infinite horizon growth optimal investment in stock markets with transactions costs is considered. The stock processes are modelled by homogeneous Markov processes. Assuming that the distribution of the market process is known, we show two recursive investment strategies such that, in the long run, the growth rate on trajectories (in "liminf" sense) is greater than or equal to the...

In this paper we show by means of an actual project how a computer based system can support whole process of management of the intangible investments – intelligence, design, choice, implementation, and control in an efficient manner. For the planning of intangible investment projects we have developed a set of tools where several decision aids are integrated to support the different phases of t...

< p>The present study models the risk of investment in the petrochemical industry considering the impacts of exchange rate (US dollar to Iran''''s Rial) movements using the time series data from November 2008 to March 2019 and ARFIMA-FIGARCH framework. The empirical results prove the existence of the Fractal Market Hypothesis, FMH, and the Long Memory property in both the risk and return of the...

Purpose: In this paper we discuss how managers use knowledge when making ICT investment decisions. ICT investments are complex processes and have also strategic implications for organizations. The focus of the study is to reveal how the organizational process of knowledge creation affects the individual-level decision making and how knowledge conversions between tacit and explicit knowledge occ...

Evidence shows that suppliers refrain from investing in energy efficiency (EE) measures because they fear that a buyer with greater bargaining power will use the EE-related cost reductions to push prices down, in the purchase bargaining process, and thereby further reduce the supplier’s profit margin. Suppliers are also discouraged from EE investment by the uncertainty associated with new techn...

Purpose The paper discusses the new concept of ‘Multinational Investment Projects’ (MIPs) and its application in the context of international business operations in China. The petrochemical industry in China is used as the industrial context in which we investigate the interplay between the Chinese government, which encourages growth and investment activities in the sector, and the multinationa...

Investment in ERP projects has become a dominant part of IT investment of many enterprises. Traditional approaches used for such project evaluation are mainly based on Internal Rate of Return (IRR) and Net Present Value (NPV). However these approaches completely lack the ability to deal with the uncertainties in decision making process of the ERP investment. On the base of risk and uncertain an...