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Approaches to risk and uncertainty in the appraisal of new technology capital projects

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  • Lefley, Frank

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  • Lefley, Frank, 1997. "Approaches to risk and uncertainty in the appraisal of new technology capital projects," International Journal of Production Economics, Elsevier, vol. 53(1), pages 21-33, November.
    • Handle: RePEc:eee:proeco:v:53:y:1997:i:1:p:21-33
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    1. William L. Beedles, 1978. "On The Use Of Certainty Equivalent Factors As Risk Proxies," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 1(1), pages 15-21, December.
    2. Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, March.
    3. Ross, Stephen A, 1978. "The Current Status of the Capital Asset Pricing Model (CAPM)," Journal of Finance, American Finance Association, vol. 33(3), pages 885-901, June.
    4. Petry, Glenn H., 1975. "Effective use of capital budgeting tools," Business Horizons, Elsevier, vol. 19(5), pages 57-65, October.
    5. Klammer, Thomas, 1972. "Empirical Evidence of the Adoption of Sophisticated Capital Budgeting Techniques," The Journal of Business, University of Chicago Press, vol. 45(3), pages 387-397, July.
    6. Schall, Lawrence D & Sundem, Gary L & Geijsbeek, William R, Jr, 1978. "Survey and Analysis of Capital Budgeting Methods," Journal of Finance, American Finance Association, vol. 33(1), pages 281-287, March.
    7. Tarun K. Mukherjee & Glenn V. Henderson, 1987. "The Capital Budgeting Process: Theory and Practice," Interfaces, INFORMS, vol. 17(2), pages 78-90, April.
    8. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
    9. Petry, Glenn H., 1975. "Effective use of capital budgeting tools," Business Horizons, Elsevier, vol. 18(5), pages 57-65, October.
    10. Lefley, Frank, 1996. "The payback method of investment appraisal: A review and synthesis," International Journal of Production Economics, Elsevier, vol. 44(3), pages 207-224, July.
    11. Raj Aggarwal, 1980. "Corporate Use of Sophisticated Capital Budgeting Techniques: A Strategic Perspective and a Critique of Survey Results," Interfaces, INFORMS, vol. 10(2), pages 31-34, April.
    12. J. Tobin, 1958. "Liquidity Preference as Behavior Towards Risk," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 25(2), pages 65-86.
    13. Mao, James C T, 1970. "Survey of Capital Budgeting: Theory and Practice," Journal of Finance, American Finance Association, vol. 25(2), pages 349-360, May.
    14. Alexander A. Robichek & Stewart C. Myers, 1966. "Conceptual Problems In The Use Of Risk‐Adjusted Discount Rates," Journal of Finance, American Finance Association, vol. 21(4), pages 727-730, December.
    15. James Van Horne, 1966. "Capital-Budgeting Decisions Involving Combinations of Risky Investments," Management Science, INFORMS, vol. 13(2), pages 84-92, October.
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    Cited by:

    1. Lefley, Frank & Morgan, Malcolm, 1998. "A new pragmatic approach to capital investment appraisal: The financial appraisal profile (FAP) model," International Journal of Production Economics, Elsevier, vol. 55(3), pages 321-341, August.
    2. Gavin C. Reid & Julia A. Smith, 2003. "Venture Capital and Risk in High-Technology Enterprises," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 2(3), pages 227-244, December.
    3. Junseok Shin & Sungjoo Lee & Byungun Yoon, 2018. "Identification and Prioritisation of Risk Factors in R&D Projects Based on an R&D Process Model," Sustainability, MDPI, vol. 10(4), pages 1-18, March.
    4. Mostafaei, Kamran & maleki, Shaho & Zamani Ahmad Mahmoudi, Mohammad & Knez, Dariusz, 2022. "Risk management prediction of mining and industrial projects by support vector machine," Resources Policy, Elsevier, vol. 78(C).
    5. Wang, Juite & Yang, Chung-Yu, 2012. "Flexibility planning for managing R&D projects under risk," International Journal of Production Economics, Elsevier, vol. 135(2), pages 823-831.
    6. Fan, Miao & Lin, Neng-Pai & Sheu, Chwen, 2008. "Choosing a project risk-handling strategy: An analytical model," International Journal of Production Economics, Elsevier, vol. 112(2), pages 700-713, April.
    7. Lefley, Frank & Wharton, Frank & Hajek, Ladislav & Hynek, Josef & Janecek, Vaclav, 2004. "Manufacturing investments in the Czech Republic:: An international comparison," International Journal of Production Economics, Elsevier, vol. 88(1), pages 1-14, March.

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