Analysing Investment Programmes Under Uncertainty

Uwe Götze, Deryl Northcott and Peter Schuster
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Uwe Götze: Technische Universität Chemnitz
Deryl Northcott: The Auckland University of Technology
Peter Schuster: Schmalkalden University of Applied Sciences

Chapter 9 in Investment Appraisal, 2015, pp 299-321 from Springer

Abstract: Abstract Uncertainty plays a significant role in all investment decision-making. In the previous chapter the analysis of single investment projects under conditions of uncertainty was discussed. This chapter now expands to methods and models for analysing investment programmes in such environments. When investment programmes are planned, often many (or even an infinite number of) investment alternatives exist, considerably complicating analytical models and/or evaluations that attempt to take account of uncertainty. Limitations on the ranges of uncertain conditions or investment alternatives then become necessary. The chapter includes a description of portfolio selection and of flexible planning.

Keywords: Membership Function; Cash Flow; Portfolio Selection; Investment Project; Planning Period (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-662-45851-8_9

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DOI: 10.1007/978-3-662-45851-8_9

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