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On characteristics of investment projects efficiency
Author(s) -
Bronshtein Efim
Publication year - 2007
Publication title -
pamm
Language(s) - English
Resource type - Journals
ISSN - 1617-7061
DOI - 10.1002/pamm.200700999
Subject(s) - profitability index , investment (military) , arrow , class (philosophy) , industrial organization , economics , business , microeconomics , mathematics , econometrics , computer science , finance , artificial intelligence , politics , political science , law , programming language
The class of investment projects (named correct projects) and its efficiency characteristic (named limited profitability) is defined. Some properties of limited profitability showing its practical advantage are established. It is proved that limited profitability coincides with Arrow‐Levhari characteristic. (© 2008 WILEY‐VCH Verlag GmbH & Co. KGaA, Weinheim)