Business Decision Making Routledge Library Editions: Management Series
Auteur : Baker Alan J.
Originally published in 1981. Risk is a problem which all business decision makers have to cope with. The problem is not insurmountable, however, as there now exist well-established techniques for minimising risk and for calculating which of various available options is the optimal one to pursue.
This book outlines and discusses these techniques and the theories behind them. Unlike many economic theories which only rarely have any practical applications, the techniques put forward in this book can be used by real businessmen to solve real business problems. The book concentrates on decision-making in two main areas: the allocation of a firm?s resources and the selection of new investments; and the techniques and theories discussed fall into three broad groups: linear programming, decision theory and capital market theory.
Intended as an advanced undergraduate textbook for students taking business economics or managerial economics courses, this valuable book will interest specialists and students involved in management studies, microeconomics, strategic planning, operational research, accounting and MBA programmes.
Preface; 1. The Objectives of the Firm 2. Probability and Decision Making 3. Decision Theories and Business Decision Making 4. Introduction to Linear Programming 5. Linear Programming and the Theory of the Firm 6. Applications of Linear Programming 7. Acquiring and Valuing Information 8. Capital Structure and Cost of Capital 9. Aspects of Capital Budgeting 10. Capital Market Theory and Capital Budgeting; Bibliography; Index
Date de parution : 10-2019
13.8x21.6 cm
Date de parution : 04-2018
13.8x21.6 cm
Thème de Business Decision Making :
Mots-clés :
Demand Probability Distribution; Original Optimal Solution; Business Studies; Capital Structure Policies; Corporate Planning; Estimated Beta Coefficient; Management; Opportunity Losses; Business Economics; Objective Function Coefficient; Managerial Economics; Firm’s Equity Capital; Risk Management; Simplex Method; Capital Market Theory; Project’s IRR; Strategic Planning; Risk Free Interest Rate; capital structure decision; CAPM Framework; Minimum Profit Constraint; linear programming; Slack Variables; decision theory; Market Portfolio; capital budgeting; Risk Free Asset; Isoprofit Line; Risky Securities; Single Product Firm; LP Framework; Capital Market Equilibrium; Feasible Solution Space; Beta Coefficient; Minimax Regret; Expected Utility Model