CAPITAL BUDGETING, INTERTEMPORAL PROGRAMMING MODELS, WITH PARTICULAR REFERENCE TO AGRICULTURE

Allan N. Rae

Australian Journal of Agricultural Economics, 1970, vol. 14, issue 01, 14

Abstract: Investment decision processes typically involve the selection of projects, the timing of their initiation and the determination of the amount to be invested in each time period. A linear programming model considered appropriate for solving such models is described, in which the multi-dimensional criterion function is expressed as a linear combination of the appropriately-weighted objectives. An empirical application is then discussed, the objectives of the firm being the maximization of tax-free cash and assets on hand at the end of the planning period. Finally, the appropriate length of the planning horizon, and some approaches to capital budgeting under non-certainty, are discussed.

Keywords: Agricultural Finance; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1970
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22812

DOI: 10.22004/ag.econ.22812

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