‘Modified’ Rates of Return for Investment Project Evaluation—A Comparison and Critique

1979 ◽  
Vol 24 (3) ◽  
pp. 161-168 ◽  
Author(s):  
Richard H. Bernhard
Keyword(s):  
Investment Project ◽  
Project Evaluation ◽  
Rates Of Return

scholarly journals The Application of Case Method in the Teaching of Investment Project Evaluation

2021 ◽  
Vol 5 (2) ◽  
Author(s):  
Yixin He
Keyword(s):  
Business Management ◽  
Investment Project ◽  
The United States ◽  
Project Evaluation ◽  
Class Discussion ◽  
Case Method ◽  
Teaching Mode ◽  
Thinking Ability ◽  
Unique Style

Case Method originated in the 1920s and was initiated by Harvard Business School in the United States. At that time, it adopted a unique style of case study, which was based on real situations or events in business management, in this way, it is helpful to cultivate and develop students’ active participation in class discussion. For investment students, specialized courses such as Investment Project Evaluation and corporate finance are concentrated in the upper grades, and in the freshman, sophomore phase has completed the Finance, finance, macroeconomics and other basic courses. On the basis of students’ existing knowledge structure, the course “Investment Project Evaluation” needs to fully tap students’ potential in learning and train students’ practical problem-solving ability, to cultivate students’ thinking ability of combining theoretical knowledge with practical cases, to avoid the teaching mode of “I tell you to listen”, and to guide students to think, analyze and solve problems actively.

Effects of soils, fertilizers and stocking rates on pastures and beef production on the Wallum of South-East Queensland. 4. Budgetary appraisals of fertilizer and stocking rates

1975 ◽  
Vol 15 (75) ◽  
pp. 531 ◽  
Author(s):  
JA Firth ◽  
TR Evans ◽  
WW Bryan
Keyword(s):  
Investment Project ◽  
Cash Flows ◽  
Land Values ◽  
Beef Production ◽  
Potassium Fertilizer ◽  
Rates Of Return ◽  
Single Superphosphate ◽  
Pasture Production ◽  
Beef Prices ◽  
Stocking Rates

Comparative budgeting techniques have been applied to the results of a grazing experiment in which the effects of different stocking rates and maintenance levels of fertilizer were examined. The experiment was carried out on grass/legume pastures in the coastal lowlands of south-east Queensland. The economic appraisal is of an investment project based on fattening purchased store cattle. Extrapolative trends have been fitted to the pattern of pasture production emerging from the first six years of an experimental period, to enable the life of the project to extend over a twenty year period. The recent sharp increases in the price of superphosphate and potassium fertilizer have had a marked effect on intensive beef production on improved pastures which is illustrated in this analysis. Pasture maintenance costs (principally fertilizer inputs) appear as the largest component of annual operating costs in most systems. The budgets indicate that at July 1973 fertilizer prices the positive internal rates of return of the various grazing systems range from 4.2 per cent to 13.2 per cent at a beef price of $0.77 kg-1 dressed weight. The highest return was obtained from a system in which 250 kg ha-1 single superphosphate and 63 kg ha-1 potassium chloride were applied annually and at a stocking rate of 1.65 beasts ha-1. These returns are reduced to a high of 10.4 per cent when 1974 fertilizer prices are incorporated. At beef prices of $0.66 kg-1, all systems but one were found to have negative internal rates of return. Assuming beef prices of $0.88 kg-1, most treatments were associated with positive internal rates of return, generally well above 10 per cent, ranging up to 20 per cent. Most of the calculations, by excluding land values from the budgeted cash flows, assume that unimproved land is already available at no charge to the investor. A series of supplementary budgets indicate the level of returns that could be expected if unimproved land commanded values of up to $200 ha-1.

scholarly journals Ordered Fuzzy Numbers Approach to an Investment Project Evaluation

2013 ◽  
Vol 4 (2) ◽  
pp. 50-62 ◽  
Author(s):  
W. Konrad Kosiński ◽  
Witold Kosiński ◽  
Kacper Kościeński
Keyword(s):  
Net Present Value ◽  
Fuzzy Numbers ◽  
Probabilistic Approach ◽  
Investment Project ◽  
Order Relation ◽  
Project Evaluation ◽  
Investment Projects ◽  
Decision Supporting ◽  
Decision Supporting System

Abstract Aim of the paper is to propose a new tool for a decision supporting system concerning the financial project evaluation. It is based on the determination of the internal rate of return (IRR) of a investment project in which all expenditure and anticipated incomes are vague, and described by Ordered Fuzzy Numbers (OFNs). It means that the probabilistic approach is neglected in this paper and the use of the well developed arithmetics of OFNs is made to find a positive fuzzy root of a fuzzy polynomial representing the fuzzy net present value of the project. Since in the space of OFNs a partial order relation is defined together with a number of defuzzification functionals, the authors can construct a decision support system for investors helping them in acceptance procedure of most profitable investment projects.

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