INTERPRETATION OF THEORY-OF INTEREST APPLICATIONS USING THE
"FRACTIONAL WITHDRAWAL" CONCEPT.
ABSTRACT
A model for analysing a single initial deposit followed by a
sequence of periodic cash outflows is developed. Instead of treating the
cash outflows as monetary amounts, they are . . .
ESTIMATING THE COST OF EQUITY FOR CORPORATIONS THAT REPURCHASE:
THEORY AND APPLICATION.(Financing Business)
ABSTRACT
The standard discounted dividend model provides flawed estimates of
the cost of equity when corporations repurchase shares, which many now
do. A simulation model shows that the . . .
FREE CASH FLOW (FCF), ECONOMIC VALUE ADDED (EVA[TM]), AND NET
PRESENT VALUE (NPV): A RECONCILIATION OF VARIATIONS OF
DISCOUNTED-
ABSTRACT
The paper assists the user of DCF methods by clearly setting forth
the relationship of free-cash-flow (FCF) and economic value added
(EVA[TM]) concepts to each other and to the more . . .
REAL OPTIONS VALUATION AND ITS RELATIONSHIP TO BAYESIAN
DECISION-MAKING METHODS.
ABSTRACT
It is well accepted that conventional NPV criterion fails to
capture investment flexibility, and the market approach using
riskless-arbitrage-pricing is ideally suited to price real . . .
FUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS.
BY THOMAS P. EDMONDS, CINDY D. EDMONDS AND BOR-YI TSAY
Irwin McGraw-Hill, New York, 2000, xxvii + 625 pp. ISBN:
0-07-021441-7. (Hardcover). List: $97.75.
This new managerial accounting text by . . .
ORDER PROCESSING COST REDUCTION IN A JOINT VENDOR-BUYER INVENTORY
SYSTEM VIA THE APPLICATION OF INFORMATION TECHNOLOGY.
ABSTRACT
Modern information technologies have become important means for
manufacturing and retailing firms to gain such competitive advantages as
lower logistics costs and securer customers' . . .
CALCULATING THE EXPECTATION AND VARIANCE OF THE PRESENT VALUE FOR
A RANDOM PROFIT STREAM OF UNCERTAIN DURATION.(Statistical Data
ABSTRACT
We derive the mean and variance of the random discounted sum
[[[sigma].sup.N].sub.n=1] [[theta].sup.n][X.sub.n], when N is uncertain,
as are the [X.sub.n]'s. This quantity arises in . . .
ECONOMIES OF SCALE IN MINING -- ASSESSING UPPER BOUNDS WITH
SIMULATION.
ABSTRACT
As part of the trend towards, increasing levels of mechanisation
and automation, mines are turning to the use of larger equipment in
order to achieve economies of scale. Larger trucks, . . .
INTEGRATING TRADITIONAL CAPITAL BUDGETING CONCEPTS INTO AN
INTERNATIONAL DECISION-MAKING ENVIRONMENT.
ABSTRACT
The capital budgeting policies of 146 multinational companies are
analyzed in light of current financial theory. Extensions of domestic
practices into the international area are . . .
SOLVING LARGE REPLACEMENT PROBLEMS WITH BUDGET
CONSTRAINTS.(Statistical Data Included)
ABSTRACT
Traditional replacement models assume unlimited capital. In
practice, however, firms frequently use budgets to control their
expenditures. Budget constraints necessitate that all . . .
CASE STUDY: US ARMY UTILITY HELICOPTER FLEET MODERNIZATION
ANALYSIS.
ABSTRACT
The US Army has relied heavily on helicopter support for more than
30 years. These aircraft have been used for a variety of purposes, with
the most widely identified category being the . . .
ECONOMIC DESIGN AND OPERATION OF BIOFILTERS.
ABSTRACT
Biofilters comprise a packed bed of (often compressible) natural
materials containing immobilised micro-organisms which digest the
volatile organic compounds (VOC) in air streams. This . . .
REAL OPTION MODELS FOR MANAGING MANUFACTURING SYSTEM CHANGES IN
THE NEW ECONOMY.
ABSTRACT
The manufacturing environment is becoming increasingly dynamic with
upsurges in electronic-commerce, supply chain management, forecasting,
and procurement and resource planning. It also . . .
COST, QUALITY, AND ENVIRONMENTAL TRADEOFFS FOR PRINTED CIRCUIT
BOARD ASSEMBLY.
ABSTRACT
After exhausting all "pollution prevention pays"
opportunities, further efforts towards environmental protection often
engender some type of cost to the manufacturer. Then, designers . . .
THE ECONOMIC EVALUATION OF A JOINT SUPPLY CHAIN
INNOVATION.
ABSTRACT
In this paper we discuss the economic evaluation of a supply chain
innovation. We look at a situation in which a single manufacturer and a
single distributor consider relocating assets . . .
ENGINEERING ECONOMIC ANALYSIS.(Review)
Engineering Press, (7th Edition), Austin, Texas, ISBN:
0-910554-97-8, 1998, xi + 756 pp., Student's Quick Study Guide and
Windows Diskette. (Hardcover). List: 69.50.
In teaching large sections of . . .
APPLIED ECONOMIC ANALYSIS FOR TECHNOLOGISTS, ENGINEERS, AND
MANAGERS.(Review)
Prentice-Hall, Inc., Upper Saddle River, New Jersey, 1999, x11 +
561 pp., ISBN: 0-13-375932-6, List: $76.75.
Professor Bowman's book has the ambitious goals of (1)
introducing potential members . . .
REAL OPTIONS: MANAGERIAL FLEXIBILITY AND STRATEGY IN RESOURCE
ALLOCATION.(Review)
The MIT Press, ISBN: 0-262-20102-X., xiii + 427 Pp. List: $52.95.
This excellent monograph, not previously reviewed in The
Engineering Economist, should be very high-priority reading for . . .
DETERMINATION OF ECONOMIC VALUE ADDED FOR A PROPOSED INVESTMENT
IN NEW MANUFACTURING.
ABSTRACT
This paper discusses a measure for estimating the wealth creation
potential of capital investments in manufacturing. The measure, called
"Economic Value Added," has recently become . . .
ON THE EQUIVALENCE OF NET PRESENT VALUE AND MARKET VALUE ADDED AS
MEASURES OF A PROJECT'S ECONOMIC WORTH.
ABSTRACT
The metric Economic Value Added, or EVA, has recently become quite
popular for analyzing company balance sheets, determining executive
compensation packages and even project selection. . . .
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