$\require{mediawiki-texvc}$

연합인증

연합인증 가입 기관의 연구자들은 소속기관의 인증정보(ID와 암호)를 이용해 다른 대학, 연구기관, 서비스 공급자의 다양한 온라인 자원과 연구 데이터를 이용할 수 있습니다.

이는 여행자가 자국에서 발행 받은 여권으로 세계 각국을 자유롭게 여행할 수 있는 것과 같습니다.

연합인증으로 이용이 가능한 서비스는 NTIS, DataON, Edison, Kafe, Webinar 등이 있습니다.

한번의 인증절차만으로 연합인증 가입 서비스에 추가 로그인 없이 이용이 가능합니다.

다만, 연합인증을 위해서는 최초 1회만 인증 절차가 필요합니다. (회원이 아닐 경우 회원 가입이 필요합니다.)

연합인증 절차는 다음과 같습니다.

최초이용시에는
ScienceON에 로그인 → 연합인증 서비스 접속 → 로그인 (본인 확인 또는 회원가입) → 서비스 이용

그 이후에는
ScienceON 로그인 → 연합인증 서비스 접속 → 서비스 이용

연합인증을 활용하시면 KISTI가 제공하는 다양한 서비스를 편리하게 이용하실 수 있습니다.

NPV와 IRR은 투자기회들의 수익성을 측정하는가? 수익성 척도로서 조건들
Do NPV and IRR Measure the Profitability of Investment Opportunities? Conditions as Measures of Profitability 원문보기

Journal of Korean Society of Industrial and Systems Engineering = 한국산업경영시스템학회지, v.45 no.4, 2022년, pp.167 - 173  

김진욱 (창원대학교 산업시스템공학과)

Abstract AI-Helper 아이콘AI-Helper

Investors must adopt profitable investment opportunities to maximize their wealth. Almost all investment, finance, engineering economics textbooks explain that net present value (NPV) measures the profitability (or value) of investment opportunities in absolute size, and internal rate of return (IRR...

주제어

참고문헌 (33)

  1. Athanasopoulos, P.J., A note on the modified internal?rate of return and investment criterion, The Engineering?Economist, 1978, Vol. 23, No. 2, pp. 131-133. 

  2. Baldwin, R.H., How to assess investment proposals,?Harvard Business Review, 1959, Vol. 7, No. 3, pp. 98-104. 

  3. Blank, L.T. and Tarquin, A.J., Engineering Economy?(3rd ed.), McGraw-Hill, 1989. 

  4. Bernhard, R. H., 'Modified' rates of return for investment?project evaluation: A comparison and critique, The?Engineering Economist, 1979, Vol. 24, No. 3, pp.?161-168. 

  5. Burns, R.M. and Walker, J., Capital budgeting techniques?among the Fortune 500: A rationale approach, Managerial?Finance, 1997, Vol. 23, No. 9, pp. 3-15. 

  6. Bussey, L.E. and Eschenbach, T.G., The Economic?Analysis of Industrial Projects, Prentice-Hall, 1992. 

  7. Canada, J.R., Sullivan, W.G., and White, J.A., Capital?Investment Analysis for Engineering and Management,?Prentice-Hall, 1996. 

  8. Cannaday, R.E., Colwell, P.F., and Paley, H., Relevant?and irrelevant internal rates of return, The Engineering?Economist, 1986, Vol. 32, No. 1, pp. 17-38. 

  9. Eschenbach, T.G., Engineering Economy: Applying?Theory to Practice, Irwin, 1995. 

  10. Fleischer, G.A., Introduction to Engineering Economy,?PWS, 1994. 

  11. Gitman, L.J. and Forrester, Jr. J.R., A survey of capital?budgeting techniques used by major U.S. firms, Financial?Management, 1977, Vol. 6, No. 3, pp. 66-71. 

  12. Hajdasinski, M.M., On relevant and irrelevant internal?rates of return, The Engineering Economist, 1987, Vol.?32, No. 4, pp. 347-353. 

  13. Hartmann, J.C. and Shaprick, I.C., The relevant internal?rate of return, The Engineering Economist, 2004, Vol.?49, No. 2, pp. 139-158. 

  14. Hazen, G.B., A new perspective on multiple internal?rates of return, The Engineering Economist, 2003, vol.?48, No. 1, pp. 31-51. 

  15. Lin, S.A.Y., The modified internal rate of return and investment criterion, The Engineering Economist, 1976,?Vol. 21, No. 4, pp. 237-247. 

  16. Lohmann, J.R., The IRR, NPV and the fallacy of the?reinvestment rate assumptions, The Engineering?Economist, 1988, Vol. 33, No. 4, pp. 303-330. 

  17. Magni, C.A., Average internal rate of return and investment decisions: A new perspective, The Engineering?Economist, 2010, Vol. 55, No. 2, pp. 150-180. 

  18. Magni, C.A., The internal rate of return approach and?the AIRR paradigm: A refutation and a corroboration,?The Engineering Economist, 2013, Vol. 58, No. 2, pp.?73-111. 

  19. Mieila, M., Modified internal rate of return: Alternative?measure in the efficiency of investments evaluation,?International Journal of Sustainable Economies?Management, 2017, Vol. 6, No. 4, pp. 35-42. 

  20. Moore, J.S. and Reichert, A.K., An analysis of the financial management techniques currently employed by large?U.S. corporations, Journal of Business Finance and?Accounting, 1983, Vol. 10, No. 4, pp. 623-645. 

  21. Park, C.S., Contemporary Engineering Economics (2nd?ed.), Addison-Wesley, 1997. 

  22. Remer D.S. and Nieto, A.P., A compendium and comparison of 25 Project evaluation techniques, Part 1: net?present value and rate of return methods, International?Journal of Production Economics, 1995, Vol. 42, No.?1, pp. 79-96. 

  23. Remer, D.S. and Nieto, A.P., A compendium and comparison of 25 project evaluation techniques, Part 2: ratio,?payback, and accounting methods, International Journal?of Production Economics, 1995, Vol. 42, No. 2, pp.?101-129. 

  24. Riggs, J.L. and West, T.M., Engineering Economics (3rd?ed.), McGraw-Hill, 1986. 

  25. Solomon, E., The arithmetic of capital-budgeting decisions, The Journal of Business, 1956, Vol. 29, No. 2,?pp. 124-129. 

  26. Steiner, H.M., Engineering Economic Principles,?McGraw-Hill, 1996. 

  27. Stevens, S.S., On the theory of sales of measurement,?Science, 1946, Vol. 103, No. 2684, pp. 677-680. 

  28. Sullivan, W.G., Bontadelli, J.A., Wicks, E.M., and?Degarmo, E.P., Engineering Economy, Prentice-Hall,?2000. 

  29. Teichroew, D., Robicheck, A.A., and Ontalbano, M.M.,?Mathematical analysis of rates of return under certainty,?Management Science, 1965, Vol. 11, No. 3, pp. 395-403. 

  30. Teichroew, D., Robicheck, A.A., and Ontalbano, M.M.,?An analysis of criteria for investment and financing decisions under certainty, Management Science, 1965, Vol.?12, No. 3, pp. 151-179. 

  31. Thuesen, G.J. and Fabrycky, W.J., Engineering Economy?(8th ed.), Prentice-Hall, 1989. 

  32. White, J.A., Case, K.E., Pratt, D.B., and Agee, M.H.,?Principles of Engineering Economic Analysis (4th ed.),?John Wiley and Sons, 1998. 

  33. Young, D., Modern Engineering Economy, John Wiley?and Sons, 1993.? 

저자의 다른 논문 :

관련 콘텐츠

오픈액세스(OA) 유형

FREE

Free Access. 출판사/학술단체 등이 허락한 무료 공개 사이트를 통해 자유로운 이용이 가능한 논문

저작권 관리 안내
섹션별 컨텐츠 바로가기

AI-Helper ※ AI-Helper는 오픈소스 모델을 사용합니다.

AI-Helper 아이콘
AI-Helper
안녕하세요, AI-Helper입니다. 좌측 "선택된 텍스트"에서 텍스트를 선택하여 요약, 번역, 용어설명을 실행하세요.
※ AI-Helper는 부적절한 답변을 할 수 있습니다.

선택된 텍스트

맨위로