MATHEMATICAL PROGRAMMING AND CAPITAL BUDGETING UNDER RISK.
PRINCETON UNIV N J ECONOMETRIC RESEARCH PROGRAM
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The research discussed in this paper and the work of which it forms a part consitute another exception to the general stream of capital-budgeting literature. The larger work is concerned first with decision-making under risk when the decisions and the risks extend over more than one period of time. Then capital-budgeting under risk is studied as a particular example of such decision-making. This paper limits its concern to a discussion of a particular type of capital-budgeting problem when risk exists. Author
- Economics and Cost Analysis
- Operations Research