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A Sequential Analysis of Large-Scale Investment Projects (1974)

FLAVELL, R. B. ; SALKIN, G. R.

Oxford, UK : Blackwell Publishing Ltd

Journal of business finance & accounting 1 (1974), S. 0

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ISSN: 1468-5957

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: Typically the evaluation of a large capital project may take a number of years, during which time information is being continually received from a variety of sources. This paper describes an analysis procedure that recognizes the sequential nature of the information and uses it to construct a simple decision model as an aid to the evaluation. The application of this method to a large mining project is described with the conclusion that the evaluation process could have been reduced by a third.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1468-5957.1974.tb00851.x

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