Project Investment Decision-Making
Project evaluation is the control of the planning and implementation of project activities with regard to the objectives to be achieved. In this paper we assume the objective to be efficient outcome and profit maximization. This means that project evaluation puts normative assessments into the context of planning and management and hence into the context of intentional action and cycles of action. The model for project evaluation we propose has two money holders who must decide how to invest their money in two investment funds (financial intermediaries) that, in turn, will use the money to bid to acquire ownership in two projects. The general case when the number of money holders, the number of funds, and the number of investments are arbitrary may be handled in a similar manner to the development below, but at a cost of greater complexity. As a result no mechanism to achieve the maximum outcome is present and different methods to find optimal structure under uncertainty and different cost structures are discussed.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 10 (2007)
Issue (Month): 2 (November)
|Contact details of provider:|| Postal: |
Phone: +385 1 233-5633
Fax: +385 1 238-3333
Web page: http://www.efzg.hr/Email:
More information through EDIRC
|Order Information:|| Postal: Zagreb International Review of Economics and Business, Faculty of Economics and Business, Trg J. F. Kennedy 6, 10000 Zagreb, Croatia.|
Web: http://www.efzg.hr/default.aspx?id=6045 Email:
When requesting a correction, please mention this item's handle: RePEc:zag:zirebs:v:10:y:2007:i:2:p:95-105. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jurica Šimurina)
If references are entirely missing, you can add them using this form.