Article contents
The Discount Rate Problem in Capital Rationing Situations: Reply
Published online by Cambridge University Press: 19 October 2009
Extract
In our earlier note, we drew attention to the problem of interdependency between the opportunity cost used as a discount rate in determining the net present values of the objective function and the optimal solution of a linear program. In expanding on our article, Lockett and Tompkins (L and T) rightly point to the need for an appropriate definition of opportunity costs.
- Type
- Communications
- Information
- Copyright
- Copyright © School of Business Administration, University of Washington 1970
- 2
- Cited by