Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4629601 | Applied Mathematics and Computation | 2013 | 8 Pages |
Abstract
We propose a robust approach to the decision rules of Net Present Value (NPV) and Internal Rate of Return (IRR) by building an analogy between robust optimization approach proposed in the literature and decision rules of NPV and IRR by considering uncertainty in cash flows. As proposed in the literature, we assume that the parameters, cash inflows and cash outflows in our case, belong to a symmetric and bounded interval set, and define a series of decision rules of NPV and IRR by considering robustness.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Esra Bas,