RISK SENSITIVE VALUE MEASURE METHOD

Name: RISK SENSITIVE VALUE MEASURE METHOD
Brand: World Scientific
Availability: OutOfStock
Rating: 5 (1 reviews)

By Yoshio Miyahara

0 - Default Title

Description

What is the most effective method for project evaluation? While the standard Net Present Value (NPV) method is widely used for its simplicity, it has notable limitations: it insufficiently accounts for the random complexity of cash flows and fails to capture the flexibility inherent in project execution.
This book introduces an innovative evaluation method designed to address these shortcomings. It begins by analyzing the evaluation of random variables, representing the Random Present Values (RPVs) of cash flows, and identifies the optimal evaluation functional for RPVs. Through this analysis, the concave monetary value measure - or concave monetary utility function - emerges as the most suitable tool.
The study is then extended to dynamic value measures, leading to the conclusion that the risk-sensitive value measure is the most robust approach for project evaluation. Practical applications of this method are thoroughly explored, offering valuable insights for tackling real-world project evaluation challenges.

Product details

Number of Pages:

286

Release Date:

2025-07-23

Publication Date:

2025-07-03

Publisher:

World Scientific

Languages:

Original: English

ISBN10:

9819808553

ISBN13:

9789819808557

Weight:

568 g

Height:

157 cm

Width:

235 cm

Thickness:

20 cm

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