Armstrong, R. D.; Cook, W. D.; Kung, D. S. - In: Omega 10 (1982) 3, pp. 321-327
This paper presents a new approach to the classical multiyear capital budgeting problem. Three basic operational principles, arising out of an actual implementation of such a model, are specifically addressed in this approach. These principles are: (1) all budgets except that of the first year...