서지주요정보
順次的 資本配分過程에서의 融通性尺度 = A measure of flexibility in sequential allocation processes
서명 / 저자 順次的 資本配分過程에서의 融通性尺度 = A measure of flexibility in sequential allocation processes / 閔啓了.
저자명 민계료 ; Min, Kye-Ryo
발행사항 [서울 : 한국과학기술원, 1980].
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4001139

소장위치/청구기호

학술문화관(문화관) 보존서고

DIE 8002

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초록정보

In sequential decision processes, there has been an increasing awareness that the flexibility to pursue newly emergent investment opportunities is an important property of decision alternatives which describes the future availability of invested funds. However, the methods to measure effectively the flexibility have not yet been developed, and the flexibility has not been regarded as a decision factor distinct from the profit and the risk factors for evaluating proposals. The information on the future availability of invested funds provides a decision maker with additional insight into the characteristics of alternatives. Payback period and unrecovered project balance as measures of flexibility are compared with negative project balance. The negative project balance at each point in time provides the information on the shape of the time-dependent cash flow pattern and the rate at which the uncertainty about the recovery of the initial investment cost is resolved through time. The shortcomings of the previous approach utilizing the negative project balance as a basis to measure flexibility are pointed out. A method is developed for measuring the flexibility, using the concept of the negative project balance with project abandonment option. The investment decision with consideration of flexibility and profitability results more wealth accumulation than the decision without considering flexibility does in sequential investment processes. To utilize the information on the flexibility under certainty, the PV/FI decision model is developed. Under risk, the multiobjective decision model is developed as a method to assess the worth of proposals that have probabilistic outcomes in sequential capital allocation processes under capital rationing. This model includes the idea of flexibility along with the profit and the risk measures accepted well in the traditional investment decision models. The effectiveness of this model is compared with the expected present value and the mean-semivariance models by simulation.

서지기타정보

서지기타정보
청구기호 {DIE 8002
형태사항 vii, 111 p. : 삽도 ; 26 cm
언어 한국어
일반주기 부록 수록
저자명의 영문표기 : Kye-Ryo Min
지도교수의 한글표기 : 박경수
지도교수의 영문표기 : Kyung-Soo Park
학위논문 학위논문(박사) - 한국과학기술원 : 산업공학과,
서지주기 참고문헌 : p. 101-107
주제 Decision-making.
Finance.
Multiple criteria decision making.
의사 결정. --과학기술용어시소러스
자본. --과학기술용어시소러스
다기준 의사 결정. --과학기술용어시소러스
Capital investments.
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