the bias against mangrove areas in siting fish farms prompted a comparison of the cost structure and yield performance in upland and mangrove locations. tools utilized included descriptive statistics, budgetary and cash flow analyses and profitability ratios. empirical results revealed that substantial revenue could be realized from both farms. while the upland farms yielded average gross reven...

Effective project management requires reliable knowledge of cash required in different stages of project life cycle. Getting this knowledge is highly dependent on sophisticated consideration of project environment. Nature of projects and their environments are associated with uncertain conditions. In this paper, a new project cash flow assessment method based on project scheduling is proposed t...

Evolvable architecture provides flexibility to meet unanticipated requirements, shorten time to market and reduce development effort. Investments in evolvable architecture are large, lengthy and risky. Therefore, a decision to invest in evolvability is often postponed until maintenance cost significantly overtakes the development costs, and severely disrupts further developments. The economic b...

Investments in three coal-fired power generation technologies are valued using the "real options" valuation methodology in an uncertain carbon dioxide (CO2) price environment. The technologies evaluated are pulverized coal (PC), integrated coal gasification combined cycle (baseline IGCC), and IGCC with pre-investments that make future retrofit for CO2 capture less expensive (pre-investment IGCC...

This paper uses the financial crisis of 2008 as a natural experiment to demonstrate that when measuring investment-cash flow sensitivity, the value of a firm‟s assets that can be used as collateral should be taken into account. Using panel data on U.S. firms from 1990 to 2011, it was found that the share of physical capital in assets has a strong influence on investment-cash flow sensitivity, w...

Evaluation of strategic IT investments using traditional capital budgeting methods has proven problematic. This especially entails IT platform investments where the immediate short term benefits are not sufficient to justify the investment. At the same time the investment may entail substantial, although highly uncertain strategic future benefits for the firm, subject to different types of risk...