The appraisal of events that have uncertain outcomes is discussed with particular reference to a feasible method for evaluating the riskiness of investment proj

In today's business environment, traditional capital budgeting methods are no longer adequate to reflect the dynamic world of new economy. The typical project a

This book provides an introduction to investment appraisal and presents a range of methods and models, some of which are not widely known, or at least not well

In most cases of civil engineering development, a range of alternative schemes meeting project goals are feasible, so some form of evaluation must be carried ou

A measure of the probability of commodity price forecasts is not necessary for most project analysis, but it does give users a realistic view of the forecast's