Accession Number : AD0661824
Title : MATHEMATICAL PROGRAMMING AND CAPITAL BUDGETING UNDER RISK.
Descriptive Note : Research paper,
Corporate Author : PRINCETON UNIV N J ECONOMETRIC RESEARCH PROGRAM
Personal Author(s) : Klevorick,Alvin K.
Report Date : SEP 1966
Pagination or Media Count : 23
Abstract : The research discussed in this paper and the work of which it forms a part consitute another exception to the general stream of capital-budgeting literature. The larger work is concerned first with decision-making under risk when the decisions and the risks extend over more than one period of time. Then capital-budgeting under risk is studied as a particular example of such decision-making. This paper limits its concern to a discussion of a particular type of capital-budgeting problem when risk exists. (Author)
Descriptors : (*DECISION MAKING, *PROBABILITY), (*MATHEMATICAL PROGRAMMING, DECISION MAKING), (*ECONOMICS, MANAGEMENT PLANNING AND CONTROL), BUDGETS, OPTIMIZATION, MATHEMATICAL MODELS, STOCHASTIC PROCESSES
Subject Categories : Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE