The Evaluation of Risk in Business Investment

J.C. Hull
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J.C. Hull: Cranfield School of Management, UK

in Elsevier Monographs from Elsevier, currently edited by Candice Janco

Abstract: Provides finance specialists in industry and students of management with a comprehensive set of practical procedures for evaluating the total risk in the major capital investment decisions facing a business. It discusses in detail how companies can make effective use of sensitivity analyses, risk simulations and other techniques, and deals in depth with important issues, such as: How should the results of a sensitivity analysis be interpreted?; How can adequate subjective probability distributions be obtained? How can dependencies between variables be dealt with in a practical way?; The emphasis throughout is on 'how to do it' and the reader needs only a slight knowledge of statistics. A particularly important feature of the book is the FORTRAN subroutines in Appendices A and B which the author prepared for calculating risk evaluations

Keywords: sequential investment decisions; probability distributions; risk simulation; sensitivity analysis (search for similar items in EconPapers)
Date: 2014 Originally published 2014-10-10.
Edition: 1
ISBN: 978-0-08-024074-9
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Citations: View citations in EconPapers (2)

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