Investment Decision Making in the Private and Public Sectors

Investment Decision Making in the Private and Public Sectors

Investment Decision Making in the Private and Public Sectors

Investment Decision Making in the Private and Public Sectors

Synopsis

The analysis of investment decisions today draws upon a wide range of sources, from economics and finance to engineering economy and operations research. Dr. Beenhakker's book reflects this interdisciplinary approach, and without assuming prior knowledge of these fields or a sophisticated understanding of mathematics, provides professionals and upper-level students with the concepts and tools they need to make englightened investments in new ventures. Arranged to permit rapid review of an entire investment subject and written in a modular manner to allow readers to jump among chapters without losing their bearings, the book will help business managers deal intelligently with corporate financial and economic issues and government contracts. It will also help planners of the public sector incorporate the views of private industry in their own investment decision making. A unique, readable, comprehensive treatment for investment professionals and also for academics and their graduate-level students.

Excerpt

The modern analysis of investment decisions draws from a wide range of sources such as economics, finance, accounting, engineering economy, statistics, and operations research. This book comprehensively describes the multifaceted approach to investment planning which involves the interactions among various disciplines. It is self-contained since no prior knowledge of these disciplines is assumed.

An author who is writing in the area of investment analysis must make a decision about the use of mathematics. If the level of mathematical sophistication is too high, the text is likely to be inaccessible to many students and practitioners. If it is too low, some important issues will inevitably be treated in a rather superficial way. In this book, great care has been taken in the use of mathematics. Emphasizing the general nature and proper use of mathematics as decision-making tools, the text is written for use by business managers and investment analysts who lack a sophisticated mathematical background. For non- essential mathematical material, the reader is referred to end-of-chapter references. These references are also given for supplementary reading on specific topics rather than required reading.

The book should be of particular interest to professionals who have the responsibility for investing money in new ventures. Concepts that are likely to be new to many readers have been explained carefully, and many numerical examples have been included. The book can, therefore, also be used as a text in business schools and departments of economics or industrial engineering. It is particularly recommended for those educators who wish to bridge the gap between the worlds of practice and education, and enhance the connection between what a student learns in school and what he or she will need to solve problems experienced by real managers.

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