The Investment Decision Process
An investment decision is essentially a largely irreversible commitment of resources made in the expectation of securing generally uncertain future gains. (Merrett and Sykes (M3) intro, vii)
Commitments of resources, made in the hope of realising benefits that are expected to occur over a reasonably long future period of time. (Bierman and Smidt (B2) pp. 4–5)
A capital expenditure project may be defined as any project which involves the outlay of cash in return for an anticipated flow of future benefits. (Quirin (Q1) p. 1)
KeywordsInvestment Decision Practical Approach Investment Opportunity Coalition Structure Behavioural Theory
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