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An Application of the BoxJenkins Methodology to Capital Budgeting

An Application of the BoxJenkins Methodology to Capital Budgeting The authors derive the probability distribution of the net present value of a project under the quite general assumption that the cash flows follow either an autoregressive moving average process or an integrated autoregressive process. Examples are presented which serve to both illustrate the application of the results as well as to underscore how to use utility functions for decision making, how to determine a project's Internal Rate of Return, and the dynamic resolution of uncertainty. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

An Application of the BoxJenkins Methodology to Capital Budgeting

Managerial Finance , Volume 17 (2/3): 19 – Feb 1, 1991

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0307-4358
DOI
10.1108/eb013670
Publisher site
See Article on Publisher Site

Abstract

The authors derive the probability distribution of the net present value of a project under the quite general assumption that the cash flows follow either an autoregressive moving average process or an integrated autoregressive process. Examples are presented which serve to both illustrate the application of the results as well as to underscore how to use utility functions for decision making, how to determine a project's Internal Rate of Return, and the dynamic resolution of uncertainty.

Journal

Managerial FinanceEmerald Publishing

Published: Feb 1, 1991

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