Risk and Uncertainty in Capital Budgeting
W. Armand Layne
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W. Armand Layne: University of the West Indies
Chapter Chapter 19 in Cost Accounting, 1984, pp 308-316 from Palgrave Macmillan
Abstract:
Abstract In previous discussions, the data surrounding capital appraisals were treated as if they were known with certainty. Conjectures, however, are part of life and are embodied, (even if not explicitly stated) in nearly all accounting data.
Keywords: Cash Flow; Investment Decision; Marginal Utility; Risk Averse; Cost Account (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17691-5_20
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DOI: 10.1007/978-1-349-17691-5_20
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