Abstract
The key for a promising attempt to attack the capital budgeting problem under capital rationing is more a technical trick than a plausible insight into the problem. What we do is to eliminate the budget B t for each period t in the following way. Define a specific project, without loss of generality we assume that this is project p = 0, as follows (see Figure 9.1).
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© 2001 Springer Science+Business Media New York
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Kimms, A. (2001). Budget Elimination. In: Mathematical Programming and Financial Objectives for Scheduling Projects. International Series in Operations Research & Management Science, vol 38. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1453-4_9
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DOI: https://doi.org/10.1007/978-1-4615-1453-4_9
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5561-8
Online ISBN: 978-1-4615-1453-4
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