A straightforward, pragmatic guide to the techniques applied in the making of capital budgeting decisions. Brings together the various devices and procedures of investment appraisal, develops them, applies them in various circumstances, and then draws comparisons. Draws upon methods of operational research and presents recent and novel applications of methods of OR in investment appraisal. Major changes include more coverage of risk and uncertainty, as well as extensive revision of chapters on network and transportation, and financial planning models.
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