The Evaluation of Risk in Business Investment
Publisher： Elsevier Science
Publication year： 2014
E-ISBN: 9781483296296
P-ISBN(Paperback): 9780080240756
Subject： F830.59 Investment
Keyword： 经济计划与管理,工业经济
Language： ENG
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Description
Provides finance specialists in industry and students of management with a comprehensive set of practical procedures for evaluating the total risk in the major capital investment decisions facing a business. It discusses in detail how companies can make effective use of sensitivity analyses, risk simulations and other techniques, and deals in depth with important issues, such as: How should the results of a sensitivity analysis be interpreted?; How can adequate subjective probability distributions be obtained? How can dependencies between variables be dealt with in a practical way?; The emphasis throughout is on 'how to do it' and the reader needs only a slight knowledge of statistics. A particularly important feature of the book is the FORTRAN subroutines in Appendices A and B which the author prepared for calculating risk evaluations