Mathematical Programming and the Analysis of Capital Budgeting Problems (Classic Reprint) - Hardcover
Synopsis
The author presents an in-depth study of mathematical programming as it relates to capital budgeting within the business realm. The author suggests that, though many economists have addressed capital budgeting from a theoretical standpoint, mathematical methods have been left largely unexplored. This book fills this gap in the literature by modeling budgeting as a linear programming problem, wherein the business can select from a variety of investment opportunities to maximize its present value. The author provides proof for his method under varying conditions, and in doing so, offers a new solution to the Lorie-Savage problem. This text will be useful to both economists and business managers, providing both theoretical rigor and practical insights.
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