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Investment decisions are of vital importance to all companies. Getting these decisions right is crucial but, due to a complex and dynamic business environment, this remains a challenging management task. Effective appraisal methods are valuable tools in supporting investment decision-making. As organisations continue to seek a competitive edge, it is increasingly important that management accountants and strategic decision-makers have a sound knowledge of these tools. This book presents a range of investment appraisal methods and models, some of which are not widely known, or at least not well covered in other books. Each approach is thoroughly described, evaluated and illustrated using examples, with its assumptions and limitations analysed in terms of their implications for investment decision-making practice.
List of contents
Capital Budgeting and Investment Decisions.- Basic Methods of Investment Appraisal.- Static Methods.- Discounted Cash Flow Methods.- Advanced Methods and Applications of Investment Appraisal.- Compounded Cash Flow Methods.- Selected Further Applications of Investment Appraisal Methods.- Multi-Criteria Methods and Simultaneous Decision-Making.- Multi-Criteria Methods.- Simultaneous Decision-Making Models.- Methods and Models that Incorporate Uncertainty.- Methods and Models for Appraising Investment Projects under Uncertainty.- Analysing Investment Programmes under Uncertainty.
About the author
Peter Schuster, geboren 1957, lehrte von 2006 bis 2010 als Professor an der Universität des Saarlandes. 2009 war er "Professeur inivité" an der "École des Hautes Études en Sciences Sociales" in Paris. Seit 2011 ist er Professor für die Geschichte des Mittelalters und der Frühen Neuzeit an der Universität Bielefeld.
Summary
This book presents a range of investment appraisal methods and models to help readers make good investment decisions. Each approach is thoroughly described, evaluated, and illustrated using examples, with its assumptions and limitations analyzed in terms of their implications for investment decision-making practice. Getting investment decisions right is crucial but due to a complex and dynamic business environment this remains a challenging management task. As organizations continue to seek a competitive edge, it is increasingly important that management accountants and strategic decision-makers have a sound knowledge of these tools. The effective appraisal methods presented in this book provide such knowledge in support of investment decision-making.
