A Multi-Stage Model for Capital Budgeting with Uncertain Future Investment Opportunities.
STANFORD UNIV CALIF SYSTEMS OPTIMIZATION LAB
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One application of dual-angular integer programming which has received considerable attention is in the area of multi-stage capital budgeting. Research in this area is concerned with one of the most important decisions for any economic unit, public or private -- that of allocating its limited financial resources in a manner which best supports the attainment of its goals. Nearly always, such decisions must be made in an environment characterized by incomplete information, uncertainty, complex interactions among activities, imperfect capital markets, and many other complicating factors. Modified author abstract
- Economics and Cost Analysis
- Operations Research