The so-called anomalies that arise in the computation and interpretation of the Net Present Value (NPV) and the Internal Rate of Return (IRR) can be easily overcome if the properties of the NPV function are taken into account and it is clearly defined what is an investment and what is a credit....

Las anomalías que surgen en el cálculo y la interpretación del Valor Actual Neto (VAN) y la Tasa Interna de Rendimiento son fácilmente superables, teniendo en cuenta las propiedades reales del VAN y redefiniendo adecuadamente lo que es una inversión y un crédito

Previous studies have presented a model to determine the profitability of delaying a project for a period. In the model it is implicitly assumed that no change affects the project during the period in question. This assumption is opposed to those usually made in dynamic models. Analysing the...