Zdyskontowany okres zwrotu jako miara opłacalności przedsięwzięć inwestycyjnych
Discounted payback period as a measure of investment projects efficiency
Author(s): Jarosław NowickiSubject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: discounted payback period; investment projects appraisal; efficiency of investments
Summary/Abstract: The study presents a deepened analysis of discounted payback period, a basic method of investment projects appraisal. The article points out the inconsistency of the discounted payback period method, which hasn't been noticed in the literature yet. The incoherence of the method consists of two built-in contradictory assumptions regarding the moment, in which cash flows occur. The author proposes some solutions to overcome the discounted payback period defect.
Journal: Finanse, Rynki Finansowe, Ubezpieczenia
- Issue Year: 2013
- Issue No: 64 (1)
- Page Range: 223-231
- Page Count: 9