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Analysing Investment Programmes Under Uncertainty

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Book cover Investment Appraisal

Part of the book series: Springer Texts in Business and Economics ((STBE))

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Abstract

Uncertainty plays a significant role in all investment decision-making. In the previous chapter the analysis of single investment projects under conditions of uncertainty was discussed. This chapter now expands to methods and models for analysing investment programmes in such environments. When investment programmes are planned, often many (or even an infinite number of) investment alternatives exist, considerably complicating analytical models and/or evaluations that attempt to take account of uncertainty. Limitations on the ranges of uncertain conditions or investment alternatives then become necessary. The chapter includes a description of portfolio selection and of flexible planning.

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Author information

Authors and Affiliations

  1. Faculty of Economics and Business Administration, Technische Universität Chemnitz, Chemnitz, Germany

    Uwe Götze

  2. Faculty of Business, The Auckland University of Technology, Auckland, New Zealand

    Deryl Northcott

  3. Faculty of Business and Economics, Schmalkalden University of Applied Sciences, Schmalkalden, Germany

    Peter Schuster

Authors
  1. Uwe Götze
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  2. Deryl Northcott
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  3. Peter Schuster
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Further Reading – Part V

Further Reading – Part V

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Götze, U., Northcott, D., Schuster, P. (2015). Analysing Investment Programmes Under Uncertainty. In: Investment Appraisal. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-45851-8_9

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