Analyzes capital investment as a process in which an individual, entrepreneur, or organization comes to understand "value" before making a choice. Runge, an economist and mining engineer based in Australia, maintains that subjective value and uncertainty inform investment decision-making far more than the calculus of simple neoclassical choice suggests. His model of the capital investment process within a firm analyzes uncertainty and where it translates into risk. Runge sets out theories and tools for choosing between alternatives with differing risk and return profiles. His model provides a framework for decision-making that can lead to choices with lower overall risk, higher returns, and increased value. Annotation c. Book News, Inc., Portland, OR (booknews.com)

  • Binding: Hardcover
  • Product Group: Book
  • Product Type Name: ABIS_BOOK
  • Manufacturer: Edward Elgar Pub
  • Part Number: references, index