No open-access location is known for this record yet.
No open-access location is known for this record yet.
Rosenblatt and Jucker [Rosenblatt, M. J., J. V. Jucker. 1979. Capital expenditure decision making: Some tools and trends. Interfaces 9 (2, February).] and Rappaport [Rappaport, Allen. 1979. A critique of capital budgeting questionnaires. Interfaces 9 (3, May).] in papers published recently in this journal have been engaged in a debate about the extent of the usage of sophisticated capital budgeting techniques in general and more specifically about the extent of the usage of discounted cash flow (DCF) techniques. Rosenblatt and Jucker contend that the use of DCF techniques has been increasing as indicated by the results of 10 surveys during the period 1955 to 1975. Rappaport contends, however, that since the surveys cited are not comparable we cannot say with any certainty that the use of DCF techniques is increasing. I have followed this debate with much interest. As an academic I have been teaching the topic to future business graduates with a firm conviction that the use of DCF rates by most business organizations is necessary and inevitable. As a consultant I just finished a major review of worldwide capital budgeting and strategic planning systems for a Fortune 100 company, in addition to having worked with a number of other major corporations in this area in the past. Unfortunately, the debate thus far has been deficient or incomplete regarding a number of aspects. I hope that this note will contribute towards a more complete understanding of the topic.
Loading…
Stored only when both papers are in the corpus — 49 citations exist upstream.
Papers that cite the same references — the relational fallback while embeddings are still backfilling.
Imported from OpenAlex (CC0) — nothing here is generated.