{"product_id":"capital-asset-investment-isbn-9780470845110","title":"Capital Asset Investment","description":"Providing a balanced and practical approach to capital management and budgeting, this book covers the full spectrum of capital investments, from the basics through the latest innovations. It is aimed at managers who are involved in capital investment decisions: setting company capital investment policy; performing project analyses; and drafting recommendations. Those in top management will benefit from discussions of strong and weak points of various methods and concepts.  \u003cp\u003eIncluded in the arsenal of capital investment tools in this book are concepts of proven usefulness, such as the MAPI method, no longer available in other works on the topic of capital budgeting, and other topics not covered elsewhere, such as abandonment analysis.\u003c\/p\u003e  Preface.  \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003eIntroduction: The big picture, environment, terminology, and preview.\u003c\/p\u003e \u003cp\u003eThe objective of capital budgeting.\u003c\/p\u003e \u003cp\u003eEstimating basic project characteristics.\u003c\/p\u003e \u003cp\u003eCost of capital.\u003c\/p\u003e \u003cp\u003eTraditional methods that ignore time-value of money.\u003c\/p\u003e \u003cp\u003eTraditional methods that recognize time-value of money: the net present value.\u003c\/p\u003e \u003cp\u003eTraditional methods that recognize time-value of money: the internal rate of return.\u003c\/p\u003e \u003cp\u003eReinvestment rate assumptions for NPV and IRR and conflicting rankings.\u003c\/p\u003e \u003cp\u003eThe MAPI method.\u003c\/p\u003e \u003cp\u003eThe problem of mixed cash flows: I.\u003c\/p\u003e \u003cp\u003eThe problem of mixed cash flows: II.\u003c\/p\u003e \u003cp\u003eAppendix: The problem of mixed cash flows III—a two-stage method of analysis.\u003c\/p\u003e \u003cp\u003eLeasing.\u003c\/p\u003e \u003cp\u003eAppendix.\u003c\/p\u003e \u003cp\u003eLeveraged leases.\u003c\/p\u003e \u003cp\u003eAlternative investment measures.\u003c\/p\u003e \u003cp\u003eProject abandonment analysis.\u003c\/p\u003e \u003cp\u003eMultiple project capital budgeting.\u003c\/p\u003e \u003cp\u003eAppendix to multiple project capital budgeting.\u003c\/p\u003e \u003cp\u003eUtility and risk aversion.\u003c\/p\u003e \u003cp\u003eSingle project analysis under risk.\u003c\/p\u003e \u003cp\u003eMultiple project selection under risk: computer simulation and other approaches.\u003c\/p\u003e \u003cp\u003eMultiple project selection under risk: portfolio approaches.\u003c\/p\u003e \u003cp\u003eThe capital asset pricing model.\u003c\/p\u003e \u003cp\u003eMultiple project selection under risk.\u003c\/p\u003e \u003cp\u003eReal options.\u003c\/p\u003e \u003cp\u003eAppendix: Financial mathematics tables and formulas.\u003c\/p\u003e \u003cp\u003eBibliography.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e  \u003cb\u003eAnthony F. Herbst\u003c\/b\u003e is Professor of Finance and holds the Charles R. and Dorothy S. Carter Chair at the University of Texas, El Paso. Prior to earning a Ph.D. in Economics at Purdue University, he was manager of operations research for the National Bank of Detroit, and previously had held positions as an industrial engineer for Koppers Corporation and Ford Motor Company.\u003cbr\u003e From 1982 through 1998 he served as founding editor of the \u003ci\u003eJournal of Financial Engineering\u003c\/i\u003e (now merged with the \u003ci\u003eJournal of Derivatives\u003c\/i\u003e), where he is now an associate editor. He is also a member of the editorial boards for the \u003ci\u003eJournal of Financial Research\u003c\/i\u003e and The Global Finance Journal, and advisor on the editorial board of the \u003ci\u003eJournal of Taxation of Financial Institutions.\u003c\/i\u003e He is the author of several books including \u003ci\u003eAnalyzing and Forecasting Futures Prices\u003c\/i\u003e (John Wiley \u0026amp; Sons Ltd.)  Providing a balanced and practical approach to capital management and budgeting, this book covers the full spectrum of capital investments, from the basics through the latest innovations. It is aimed at managers who are involved in capital investment decisions: setting company capital investment policy; performing project analyses; and drafting recommendations. Those in top management will benefit from discussions of strong and weak points of various methods and concepts.\u003cbr\u003e \u003cbr\u003e Included in the arsenal of capital investment tools in this book are concepts of proven usefulness, such as the MAPI method, no longer available in other works on the topic of capital budgeting, and other topics not covered elsewhere, such as abandonment analysis.  \u003ci\u003eCapital Asset Investment\u003c\/i\u003e offers a detailed exposition of the theory, quantitative methods, and applications of capital budgeting. Comprehensive in scope, the author covers all the major topics in the field, providing a balanced treatment of the various approaches to capital project evaluation, exploring their strengths and weaknesses.  \u003cp\u003eCapital budgeting decisions involve the largest tangible investments for any firm ? long-term commitments that are generally irreversible in the short run. Such decisions directly impact on shareholder value and the future viability of the firm. In this book, the author offers a harmonious blend of the 'old' techniques, such as the MAPI method of capital investment appraisal, with the newer, such as the Capital Asset Pricing Model (CAPM) and the most recent innovation, the use of real options.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eCapital Asset Investment: Strategy, Tactics and Tools\u003c\/i\u003e is essential reading for financial managers, industrial and manufacturing engineering managers and all those involved in forward planning and business strategy formulation and execution. The book will also be of use to students of finance.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988883357925,"sku":"NP9780470845110","price":173.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470845110.jpg?v=1761781909","url":"https:\/\/k12savings.com\/es\/products\/capital-asset-investment-isbn-9780470845110","provider":"K12savings","version":"1.0","type":"link"}