Investment and Discount Rates Under Capital Budgeting – A Programming Approach in The Economic Journal 75, No. 298, June 1965, pp. 317-329
London: Macmillan Limited, 1965. 1st Edition. FIRST EDITION IN ORIGINAL WRAPS OF A “CLASSIC” PAPER ON THE PROBLEM OF CAPITAL BUDGETING, THE 1965 BAUMOL-QUANDT MODEL. Project selection is a major problem in managerial decision making. Capital budgeting problems determine which project to fund given constraints on available capital. This much..... More