- Knapova Bohuslava (University of Economics in Prague, Czech Republic)
- Capital Inyestment Appraisal Methods for Decision Making
- Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia, 2008, nr 13, s. 489-494, bibliogr. 3 poz.
- Inwestycje, Kapitał
- , summ.
- Questions of capital investment appraisal are linked with long-term decision making. Capital expenditure is concemed with the purchase of large capital items. Benefits from such purchases are likely to be derived for several years. The capital investment appraisal techniąue is used to consider long-term capital projects. It is necessary: to determine a projecfs viability, to put projects in order so that a choice can be made among altematives. The principal methods used for capital investment appraisal are: accounting rate of return, the payback method, net present value, and intemal rate of return. Capital investment appraisal techniąues do not take into account risk and uncertainty. The use of probabilities and sensitivity analysis can prove useful in understanding uncertainty. The use of standard deviation can be useful in the understanding of risk. This paper has been produced as the output of planed research on: Development of Financial and Accounting Theory and its Application in Practice from an Interdisciplinary Point of View. (original abstract)
- The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Szczecin University Main Library
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