高級投資項目管理和經濟效益評價(ppt 75)

Advanced Topics in Capital Budgeting
I. What is Capital Budgeting?
Capital=Fixed Assets used in production/service; Budgeting=Plan detailing projected cash inflows and outflows during some future period, thus “Capital Budgeting” outlines the planned expenditures on fixed assets.
1. Multi-concepts for Capital Budgeting
(1) Capital Investment Analysis & Decision
(2) Economic Evaluation of Investment Projects
(3) Technological Economics
(4) Investment Feasibility Study
2. A Formal Definition of Capital Budgeting
Capital budgeting is a filed of finance concerned with cost and benefit, and return and risk derived from investment project undertaken by a firm.
The capital budgeting is a procedure include a set of systematic techniques dealing with how to evaluate and select investment projects under certainty or uncertainty.

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