The Discount Rate Problem in Capital Rationing Situations: Reply
In our earlier note, we drew attention to the problem of interdependency between the opportunity cost used as a discount rate in determining the net present values of the objective function and the optimal solution of a linear program. In expanding on our article, Lockett and Tompkins (L and T) righ...
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Veröffentlicht in: | Journal of financial and quantitative analysis 1970-06, Vol.5 (2), p.261-261 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | In our earlier note, we drew attention to the problem of interdependency between the opportunity cost used as a discount rate in determining the net present values of the objective function and the optimal solution of a linear program. In expanding on our article, Lockett and Tompkins (L and T) rightly point to the need for an appropriate definition of opportunity costs. |
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ISSN: | 0022-1090 1756-6916 |
DOI: | 10.2307/2329849 |