Accession Number:

ADA110097

Title:

Modeling and Solution Techniques for Advanced Economic Analysis.

Descriptive Note:

Doctoral thesis,

Corporate Author:

AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH

Personal Author(s):

Report Date:

1981-12-01

Pagination or Media Count:

213.0

Abstract:

Both the cash flow and the timing of a cash flow are often found to be random variables in economic analysis. Very few analytical tools exist to handle such problems. This research develops analytical tools to aid in the analysis of such problems. A total of sixteen basic models are developed for impulsive, single cash flows and series cash flows involving capital investment problems with mutually exclusive alternatives. Each model is developed under the assumption of deterministic, constant interest rates. In addition to the development of models where cash flow and timing of cash flow are independent, dependent models are also presented. The use of these model elements by an analyst will allow the utilization of available data in a more realistic and accurate mode. The models are also of significant worth in verifying simulation output. Author

Subject Categories:

  • Economics and Cost Analysis
  • Statistics and Probability

Distribution Statement:

APPROVED FOR PUBLIC RELEASE