Valuing Risk and Flexibility: A Comparison of Methods.

Discounted-cash-flow (DCF) techniques form the basis of most corporate-investment decisions. Many practitioners, however, claim to be dissatisfied with traditional methods of appraisal. In this paper, we survey DCF and more recent methods of evaluating cyclical projects.

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Year of publication:	1996
Authors:	Moyen, N. ; Slade, M. ; Uppal, R.
Institutions:	Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), Aix-Marseille School of Economics (AMSE)
Subject:	RISK \| ENTERPRISES \| INVESTMENTS \| FINANCIAL MARKET \| MINES

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Series:	G.R.E.Q.A.M..
Type of publication:	Book / Working Paper
Notes:	22 pages
Classification:	D21 - Firm Behavior ; G31 - Capital Budgeting; Investment Policy ; L72 - Mining, Extraction, and Refining: Other Nonrenewable Resources
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005669495