Investment Decisions in a Dynamic Environment PDF Download

Author: Robert James Steele
Publisher:
ISBN:
Category : Decision making
Languages : en
Pages : 132

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Author: Dimitris Melas
Publisher:
ISBN:
Category : Academic theses
Languages : en
Pages : 0

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Author: Paul Okoye
Publisher: AuthorHouse
ISBN: 1496988809
Category : Business & Economics
Languages : en
Pages : 113

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Book Description
Adam Smith once said, It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. Consciously or unconsciously Adam Smith revealed the unseen fingers that drive every human activity. A critical analysis of the causes and effects of the current economic and financial crisis extols how devastating self-interest can be to investment and its environment. Because of the interconnectedness of the global economic and financial system, there is no longer a separate economy. How Safe Is Our Investment? takes a global view of the causes of the failure of investment and its implication from an economic, political, social, and legal viewpoint. The worlds debt has continued to rise without prospect for repayment, and in the wrong application of Keyness theory, world leaders have continued to increase the world debt. Unfortunately, because of the lack of will and moral decadence of the leaders and the present generation, succeeding generations will have to inherit the burden of debt they knew nothing aboutunless we take action now to reverse this trend. This book explains how to turn this around.

Author: Nik Maheran Nik Muhammad
Publisher: LAP Lambert Academic Publishing
ISBN: 9783843359870
Category :
Languages : en
Pages : 156

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Book Description
In a dynamic environment, scanning becomes critically important when making decisions, particularly capital investment decisions. This book will discuss on environmental scanning behavior of Investment decision maker. Empirical test was done to 118 decision maker in Malaysia and found that only technology, economic and competition information was scanned by Malaysian manager in making capital investment decision. They scan for information at a moderate level, using both formal and informal methods and various sources (both personal and impersonal) of information. Limited relationships were observed between scanning behavior and investment decision quality. Regression analysis show that the quality of decision is positively and significantly related to extent of economic and competition information and formality of method used to scan competition information. Information processing capacity was found to be a quasi moderator, thus having a direct as well as an interaction effect on decision quality.

Author: National Research Council
Publisher: National Academies Press
ISBN: 0309089190
Category : Technology & Engineering
Languages : en
Pages : 160

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Book Description
Facilities now owned by the Federal Government are valued at over $300 billion. It also spends over $25 billion per year for acquisition, renovation, and upkeep. Despite the size of these sums, there is a growing litany of problems with federal facilities that continues to put a drain on the federal budget and compromise the effectiveness of federal services. To examine ways to address these problems, the sponsoring agencies of the Federal Facilities Council (FFC) asked the National Research Council (NRC) to develop guidelines for making improved decisions about investment in and renewal, maintenance, and replacement of federal facilities. This report provides the result of that assessment. It presents a review of both public and private practices used to support such decision making and identifies appropriate objectives, practices, and performance measures. The report presents a series of recommendations designed to assist federal agencies and departments improve management of and investment decision making for their facilities.

Author: Werner Jammernegg
Publisher: Springer Science & Business Media
ISBN: 364246646X
Category : Business & Economics
Languages : en
Pages : 167

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Book Description
This book describes some models from the theory of investment which are mainly characterized by three features. Firstly, the decision-maker acts in a dynamic environment. Secondly, the distributions of the random variables are only incompletely known at the beginning of the planning process. This is termed as decision-making under conditions of uncer tainty. Thirdly, in large parts of the work we restrict the analysis to binary decision models. In a binary model, the decision-maker must choose one of two actions. For example, one decision means to undertake the invest ·ment project in a planning period, whereas the other decision prescribes to postpone the project for at least one more period. The analysis of dynamic decision models under conditions of uncertainty is not a very common approach in economics. In this framework the op timal decisions are only obtained by the extensive use of methods from operations research and from statistics. It is the intention to narrow some of the existing gaps in the fields of investment and portfolio analysis in this respect. This is done by combining techniques that have been devel oped in investment theory and portfolio selection, in stochastic dynamic programming, and in Bayesian statistics. The latter field indicates the use of Bayes' theorem for the revision of the probability distributions of the random variables over time.

Author: Cheryl S. McWatters
Publisher: Routledge
ISBN: 1135039380
Category : Business & Economics
Languages : en
Pages : 773

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Book Description
Whether students pursue a professional career in accounting or in other areas of management, they will interact with accounting systems. In all organizations, managers rely on management accounting systems to provide information to deal with changes in their operating environment. This book provides students and managers with an understanding and appreciation of the strengths and limitations of an organization’s accounting system, and enables them to be intelligent and critical users of the system. The text highlights the role of management accounting as an integral part of the organization’s strategy and not merely a set of individual concepts and computations. An analytical framework for organizational change is used throughout the book to underscore how organizations must adapt to create customer and organizational value. This framework provides a way to examine and analyze the organization’s accounting system, and as a basis for evaluating proposed changes to the system. With international examples that bring the current business environment to the forefront, problems and cases to promote critical thinking, and online support for students and instructors, Management Accounting in a Dynamic Environment is no mere introductory textbook. It prepares readers to use accounting systems intelligently to achieve organizational success. The authors have identified several cases to accompany each chapter in the textbook. These are available through Ivey Publishing: https://www.iveycases.com/CaseMateBookDetail.aspx?id=434

Author: Robert K. Dixit
Publisher: Princeton University Press
ISBN: 1400830176
Category : Business & Economics
Languages : en
Pages : 484

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Book Description
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.

Author: Wei Zhou
Publisher: Springer
ISBN: 3030113493
Category : Technology & Engineering
Languages : en
Pages : 144

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Book Description
This book describes five qualitative investment decision-making methods based on the hesitant fuzzy information. They are: (1) the investment decision-making method based on the asymmetric hesitant fuzzy sigmoid preference relations, (2) the investment decision-making method based on the hesitant fuzzy trade-off and portfolio selection, (3) the investment decision-making method based on the hesitant fuzzy preference envelopment analysis, (4) the investment decision-making method based on the hesitant fuzzy peer-evaluation and strategy fusion, and (5) the investment decision-making method based on the EHVaR measurement and tail analysis.

Author: Uwe Götze
Publisher: Springer
ISBN: 3662458519
Category : Business & Economics
Languages : en
Pages : 371

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Book Description
This book provides an introduction to investment appraisal and presents a range of methods and models, some of which are not widely known, or at least not well covered by other textbooks. Each approach is thoroughly described, evaluated and illustrated using examples, with its assumptions and limitations analyzed in terms of their implications for investment decision-making practice. Investment decisions are of vital importance to all companies. Getting these decisions right is crucial but, due to a complex and dynamic business environment, this remains a challenging management task. Effective appraisal methods are valuable tools in supporting investment decision-making. As organisations continue to seek a competitive edge, it is increasingly important that management accountants and strategic decision-makers have a sound knowledge of these tools.