A brief critical history of NPV: is it the basis for project evaluation?
Fox, RP 2008, A brief critical history of NPV: is it the basis for project evaluation? , in: BAA Conference, 1-3 April 2008, Blackpool, UK. (Unpublished)
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The rationale for using NPV for project evaluation appears weaker than ever. Authoritative texts in attempting to extend NPV by the inclusion of options, strategy and games far from enriching the model present evermore loosely argued rationales that are becoming contradictory. A brief review helps to understand how this state of affairs has arisen and how future analysis might develop.
|Item Type:||Conference or Workshop Item (Paper)|
|Uncontrolled Keywords:||Discount Cash Flow, Net Present Value, Real Options, Strategy, Textbooks.|
|Themes:||Subjects / Themes > H Social Sciences > HG Finance|
Subjects outside of the University Themes
|Depositing User:||RP Fox|
|Date Deposited:||14 May 2010 09:34|
|Last Modified:||27 Sep 2011 12:16|
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