Hostname: page-component-848d4c4894-8kt4b Total loading time: 0 Render date: 2024-07-07T15:32:08.789Z Has data issue: false hasContentIssue false

Multistage Capital Budgeting under Uncertainty

Published online by Cambridge University Press:  19 October 2009

Extract

The problem of allocating a fixed set of time-phased investment allowances among competing investment projects and proposals has received great attention in the literature since Weingartner [11] established a linear/integer programming formulation. Reviews of the literature can be found in Weingartner [12], Hunter [6], Hodges [5], and Bernhard [2].

Type
Research Article
Copyright
Copyright © School of Business Administration, University of Washington 1975

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

[1]Beattie, D. W.Marketing a Mew Product.” Operational Research Quarterly, Vol. 20, No. 4 (December 1969). pp. 429436.CrossRefGoogle Scholar
[2]Bernhard, R. H.Mathematical Programming Models for Capital Budgeting; A Survey, Generalization and Critique.” Journal of Financial and Quantitative Analysis, June 1969, pp. 111158.CrossRefGoogle Scholar
[3]Gear, A. E., and Lockett, A. G.. “A Dynamic Model of Some Multi-stage Aspects of Research and Development Portfolios.” IEEE Transactions of Engineering Management, Vol. EH-20, No. 1 (February 1973), pp. 2229.Google Scholar
[4]Hespos, R. F., and Strassman, P. A.. “Stochastic Decision Trees for the Analysis of Investment Decision.” Management Science, Vol. 11, No. 10 (1965), pp. 244259.CrossRefGoogle Scholar
[5]Hodges, S. D., and Moore, P. G.. “Mathematical Models in Portfolio Selection.” Journal of Business Finance, Vol. 3, No. 1 (Spring 1971), pp. 1219.Google Scholar
[6]Hunter, A. P. Jr., “A Selective Review of Investment Analysis: Part I.” Department of Industrial Engineering and Management Sciences, North Western University, May 1967.Google Scholar
[7]Lockett, A. G., and Gear, A. E.. “Ropresentation and Analysis of Multistage Problems in R S n.” Management Science, Vol. 19, No. 8 (March 1973), pp. 947959.CrossRefGoogle Scholar
[8]Magee, J. F.How To Use Decision Trees in Capital Investment.” Harvard Business Review, September/October 1964, pp. 157174.Google Scholar
[9]McQuillan, C. E.Stochastic Programming: A Survey.” Technical Report C–1228 Water Resources Center, University of Wisconsin, 1969.Google Scholar
[10]Wagner, H. M.Principles of Management Science: With Applications to Executive Decisions. Englewood Cliffs, N.J.: Prentice-Hall, 1970.Google Scholar
[11]Weingartner, H. M.Mathematical Programming and the Analysis of Capital Budgeting Problems. Englewood Cliffs, N.J.: Prentice-Hall, 1963.Google Scholar
[12]Weingartner, H. M.Capital Budgeting of Interrelated Projects: Survey and Synthesis.” Management Science, Vol. 12, No. 7 (March 1966), pp. 485516.CrossRefGoogle Scholar