Anomalies in net present value calculations

Authors
Oehmke, JF
Citation
Jf. Oehmke, Anomalies in net present value calculations, ECON LETT, 67(3), 2000, pp. 349-351
Citations number
6
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
67
Issue
3
Year of publication
2000
Pages
349 - 351
Database
ISI
SICI code
0165-1765(200006)67:3<349:AINPVC>2.0.ZU;2-3
Abstract
The net present value measure of project worth may exhibit anomalous behavi or if the annual net benefits of the project change sign more than once. Th is behavior may make net present value unsuitable for certain types of proj ect-selection decisions. (C) 2000 Elsevier Science S.A. All rights reserved .