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Published in:
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2015 | OriginalPaper | Chapter

1. Capital Budgeting and Investment Decisions

Authors : Uwe Götze, Deryl Northcott, Peter Schuster

Published in: Investment Appraisal

Publisher: Springer Berlin Heidelberg

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Abstract

Investment decisions are of vital importance to all companies, since they determine both their potential to succeed and their ultimate cost structure. Investments usually entail high initial cash outflows and thus tie up substantial funds. Sound investment decisions are important, therefore. Yet, due to a highly complex and rapidly changing business environment they remain a challenging management task. Effective appraisal methods are valuable tools to support investment decisions. The following chapter explains characteristics of investment projects and discusses investment planning, provides an overview of concepts and methods and the didactical approach of this book. The decision models are then used throughout the book.

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Appendix
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Literature
Abdel-Kader, M. G., & Dugdale, D. (2001). Evaluating investments in advanced manufacturing technology: A fuzzy set theory approach. British Accounting Review, 33(4), 455–489.CrossRef
Götze, U. (2014). Investitionsrechnung (7th ed.). Berlin, Heidelberg: Springer.CrossRef
Kaplan, R. S., & Norton, D. P. (2001). Transforming the balanced scorecard from performance measurement to strategic management: Part I. Accounting Horizons, 15(1), 87–104.CrossRef
Kern, W. (1974). Investitionsrechnung. Stuttgart: Poeschel.
Saaty, T. L. (1990a). The analytic hierarchy process: Planning, priority setting, resource allocation (2nd ed.). New York: McGraw-Hill.
Saaty, T. L. (1990b). How to make a decision: The analytic hierarchy process. European Journal of Operational Research, 48(1), 9–26.CrossRef
Shank, J. K., & Govindarajan, V. (1992). Strategic cost analysis of technological investments. SLOAN Management Review, 34(1), 39–51.
Metadata
Title
Capital Budgeting and Investment Decisions
Authors
Uwe Götze
Deryl Northcott
Peter Schuster
Copyright Year
2015
Publisher
Springer Berlin Heidelberg
Book
Investment Appraisal

Print ISBN: 978-3-662-45850-1

Electronic ISBN: 978-3-662-45851-8

Copyright Year: 2015

DOI
https://doi.org/10.1007/978-3-662-45851-8_1