The Long Term Effectiveness of Expected Net Present Value Maximization in an Environment of Incomplete and Uncertain Information

References

• Baumol , W. J. , and Quandt , R. E. , “ Investment and Discount Rates Under Capital Rationing-A Programming Approach ,” Economic Journal LXXV , 317 – 329 ( June 1965 ).
   Web of Science ®Google Scholar
• Bernhard , R. H. , “ Mathematical Programming Models for Capital Budgeting-A Study, Generalization and Critique ,” Journal of Financial and Quantitative Analysis 4 , 111 – 159 ( 1969 ).
   Web of Science ®Google Scholar
• Bernhard , R. H. , “ A Comprehensive Comparison and Critique of Discounting Indices Proposed for Capital Investment Evaluation ,” The Engineering Economist 16 , 3 , 157 ( Spring 1971 ).
   Google Scholar
• DiGiulio , H. A. , and Oakford , R. V. , “ An Application of Simulation for Studying the Multinational Capital Budgeting Problem ,” Proceedings of the Winter Simulation Conference 1978, Miami Beach, Fla. ( December 1978 ).
   Google Scholar
• Grant , E. L. , Ireson , W. G. , and Leavenworth , R. S. , Principles of Engineering Economy, , 6th ed. , Ronald Press Co. , New York ( 1976 ) .
   Google Scholar
• Hirshleifer , J. , “ On the Theory of Optimal Investment Decision, ” Journal of Political Economy ( Aug. 1958 ) 4 , 4 , 329 – 352 .
   Google Scholar
• Lohmann , Jack R. , “ Understanding Risk in Capital Budgeting Decisions ,” Presented at the 87th Annual Conference of the American Society for Engineering Education , Baton Rouge, La. ( June 25, 1979 ).
   Google Scholar
• Lorie , J. , and Savage , L. J. , “ Three Problems in Rationing Capital ,” Journal of Business 28 , 229 – 239 ( 1955 ).
   Web of Science ®Google Scholar
• Oakford , R. V. , Capital Budgeting , Ronald Press , New York ( 1970 ) .
   Google Scholar
• Oakford , R. V. , and Salazar , Arturo , “ The Long Term Effectiveness of ‘Exact’ and Approximate, Capital Rationing Procedures Under Uncertainty and Incomplete Information ,” Journal of Business Finance and Accounting 8 , 1 ( Spring 1981 )
   Google Scholar
• Oakford , R. V. , and Thuesen , G. J. , “ The Maximum Prospective Value Criterion ,” The Engineering Economist 13 , 3 , 141 – 164 ( Spring 1968 ).
   Google Scholar
• Oakford , R. V. , and Thuesen , G. J. , “ The Effectiveness of the Maximum Prospective Value Criterion for Capital Budgeting Decisions ,” Proceedings of the 19th Annual Institute Conference and Convention , AIIE ( May, 1968 ).
   Google Scholar
• Parra-Vasquez , A. S. , and Oakford , R. V. , “ Simulation as a Technique for Comparing Decision Procedures ,” The Engineering Economist 21 , 4 , 221 – 236 ( Summer 1976 ).
   Google Scholar
• Shannon , Robert E. , Systems Simulation-the Art and Science , Prentice-Hall Inc. , Englewood Cliffs , N.J. ( 1975 ) .
   Google Scholar
• Solomon , Ezra , “ The Arithmetic of Capital Budgeting Decisions ,” Journal of Business 29 , 2 , p. 124 ( April 1956 ).
   Web of Science ®Google Scholar
• Viafore , Kenneth Michael , “ A Survey of Capital Expenditure Procedures and Practices in Industry: Their Practical Application and Effectiveness ,” Technical Report No. 75–1, Department of Industrial Engineering, Stanford University ( March 1975 ) .
   Google Scholar
• Weingartner , H. M. , Mathematical Programming and the Analysis of Capital Budgeting Problems , Prentice-Hall , Englewood Cliffs , N.J. ( 1963 ) .
   Google Scholar