Accession Number : AD0785567

Title :   A Multi-Stage Model for Capital Budgeting with Uncertain Future Investment Opportunities.

Descriptive Note : Technical rept.,

Corporate Author : STANFORD UNIV CALIF SYSTEMS OPTIMIZATION LAB

Personal Author(s) : Reardon,Keven J.

Report Date : AUG 1974

Pagination or Media Count : 51

Abstract : One application of dual-angular integer programming which has received considerable attention is in the area of multi-stage capital budgeting. Research in this area is concerned with one of the most important decisions for any economic unit, public or private -- that of allocating its limited financial resources in a manner which best supports the attainment of its goals. Nearly always, such decisions must be made in an environment characterized by incomplete information, uncertainty, complex interactions among activities, imperfect capital markets, and many other complicating factors. (Modified author abstract)

Descriptors :   *Investments, *Uncertainty, Decision making, Budgets, Integer programming, Linear programming, Risk, Algorithms

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE