Investment Appraisal: A Guide for Managers

Investment decisions are important to the future of organizations. It is therefore crucial that, if managers are to make the right decisions, they should be knowledgeable about the techniques of investment appraisal and the consequences of its use. This updated edition converts theory into practice and shows managers how to increase the speed of their decision-making while gaining the best results. It includes discussion of traditional approaches, discounted cash flows, capital rationing and decision-making in conditions of risk and uncertainty.