Investment Appraisal Process (original) (raw)

This case study examines the capital budgeting practices of two chemical companies. It is found that the companies apply the value management tools to supplement the DCF measures. In addition, the R&D projects are assessed using qualitative methods. Moreover, the study revealed the symptom of a trend shift in the choice of investment appraisal techniques from traditional DCF to the newly crafted value management models. 5001-6182 Business 5546-5548.6 5548.7-5548.85 Office Organization and Management Industrial Psychology Library of Congress Classification (LCC) HG 4529 Investment analysis M Business Administration and Business Economics M 10 L 2