Teaching capital budgeting as multi-attribute decision-making. A commentary on “Why DCF capital budgeting is bad for business and why business schools should stop teaching it”
Marc Wouters
Abstract
Marc Wouters
Abstract
Adler (2006) discusses a major problem with the use of discounted cash flow (DCF) for capital investment decision making and argues that, for this reason, DCF should not be taught at business schoo...
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Adler (2006) discusses a major problem with the use of discounted cash flow (DCF) for capital investment decision making and argues that, for this reason, DCF should not be taught at business schoo...
Key concepts: Discounted cash flow, Capital budgeting, Cash flow, Capital investment, Investment (military), Capital (architecture), Economics, Finance