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Capital Asset Investment Anthony F. Herbst

Capital Asset Investment von Anthony F. Herbst

Capital Asset Investment Anthony F. Herbst


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Zusammenfassung

This book ties together the theory, quantitative methods, and applications of capital budgeting. It provides a balanced treatment of the different approaches to capital project evaluation the author explores both the strengths and weaknesses of various project selection methods.

Capital Asset Investment Zusammenfassung

Capital Asset Investment: Strategy, Tactics and Tools Anthony F. Herbst

Providing a balanced and practical approach to capital management and budgeting, this book covers the full spectrum of capital investments, from the basics through the latest innovations. It is aimed at managers who are involved in capital investment decisions: setting company capital investment policy; performing project analyses; and drafting recommendations. Those in top management will benefit from discussions of strong and weak points of various methods and concepts.

Included in the arsenal of capital investment tools in this book are concepts of proven usefulness, such as the MAPI method, no longer available in other works on the topic of capital budgeting, and other topics not covered elsewhere, such as abandonment analysis.

Über Anthony F. Herbst

Anthony F. Herbst is Professor of Finance and holds the Charles R. and Dorothy S. Carter Chair at the University of Texas, El Paso. Prior to earning a Ph.D. in Economics at Purdue University, he was manager of operations research for the National Bank of Detroit, and previously had held positions as an industrial engineer for Koppers Corporation and Ford Motor Company.
From 1982 through 1998 he served as founding editor of the Journal of Financial Engineering (now merged with the Journal of Derivatives), where he is now an associate editor. He is also a member of the editorial boards for the Journal of Financial Research and The Global Finance Journal, and advisor on the editorial board of the Journal of Taxation of Financial Institutions. He is the author of several books including Analyzing and Forecasting Futures Prices (John Wiley & Sons Ltd.)

Inhaltsverzeichnis

Preface.

Acknowledgments.

Introduction: The big picture, environment, terminology, and preview.

The objective of capital budgeting.

Estimating basic project characteristics.

Cost of capital.

Traditional methods that ignore time-value of money.

Traditional methods that recognize time-value of money: the net present value.

Traditional methods that recognize time-value of money: the internal rate of return.

Reinvestment rate assumptions for NPV and IRR and conflicting rankings.

The MAPI method.

The problem of mixed cash flows: I.

The problem of mixed cash flows: II.

Appendix: The problem of mixed cash flows III-a two-stage method of analysis.

Leasing.

Appendix.

Leveraged leases.

Alternative investment measures.

Project abandonment analysis.

Multiple project capital budgeting.

Appendix to multiple project capital budgeting.

Utility and risk aversion.

Single project analysis under risk.

Multiple project selection under risk: computer simulation and other approaches.

Multiple project selection under risk: portfolio approaches.

The capital asset pricing model.

Multiple project selection under risk.

Real options.

Appendix: Financial mathematics tables and formulas.

Bibliography.

Index.

Zusätzliche Informationen

GOR013075895
9780470845110
0470845112
Capital Asset Investment: Strategy, Tactics and Tools Anthony F. Herbst
Gebraucht - Wie Neu
Gebundene Ausgabe
John Wiley & Sons Inc
20021001
336
N/A
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