Bøger i Project Economics and Decision Analysis serien

This new second edition expands and updates the first volume by incorporating new advances and clarifying concepts to facilitate their understanding. New to the second edition is a section on netback pricing and indexed netback pricing. Additionally, the new edition expands the weighted average cost of capital (WACC) concept for better comprehension and to recognise its weakness in practice.

Provides students, practicing engineers, geologists, economists, planners, and managers with a solid foundation in the dynamic and growing field of capital investment evaluation, with emphasis on the uncertainty aspect. It describes how investment decisions are currently made under different stages of uncertainty and prescribes techniques for making rational decisions.