Accession Number : AD0436459


Title :   MODELS FOR APPRAISING INVESTMENTS YIELDING STOCHASTIC RETURNS,


Corporate Author : CARNEGIE INST OF TECH PITTSBURGH PA GRADUATE SCHOOL OF INDUSTRIAL ADMINISTRATION


Personal Author(s) : Gaver,D P ,Jr


Report Date : Mar 1964


Pagination or Media Count : 32


Abstract : Stochastic models for return on investment when ruin may occur are treated. However, this model recognizes the possibility that one organization will not necessarily continue forever in one form, subsisting on a single enterprise or project. Rather, alert organizations will develop replacements of current profit-making enterprises in anticipation either of damaging adverse business fluctuations or of a sudden catastrophic change in economic climate, such as is caused by competitive innovations. If a replacement is at hand when profits from the current enterprise cease, withdrawals may continue. Some models for describing and evaluating such a replacement process are suggested. (Author)


Descriptors :   *ECONOMICS , QUEUEING THEORY , PROBABILITY , INDUSTRIES , DISTRIBUTION THEORY , SEQUENTIAL ANALYSIS , MONEY , MILITARY OPERATIONS


Distribution Statement : APPROVED FOR PUBLIC RELEASE