Tanchoco, Jose Ma; Buck, James R; Egbelu, Pius J - In: Omega 10 (1982) 3, pp. 299-307
In this paper, a methodology is presented for evaluating risky projects whose cash flows, start times and durations are not known with certainty. The methodology directly computes statistics of the present worth (i.e. means and variances) from closed-form analytical formulas which are derived...