Making capital budgeting decisions for project abandonment by fuzzy approach

Yu Hong Liu, I. Ming Jiang, Meng I. Tsai

研究成果: Conference contribution

摘要

This paper incorporates a fuzzy process into an abandonment option approach, to investigate the effects of managerial optimism and pessimism when a manager considers whether to abandon capital budgeting decisions or not under conditions of irreversible investment and uncertain market environment. We find that managerial optimism would encourage firms to continue the project, while managerial pessimism would encourage them to liquidate it, when the abandonment option value is located in a fuzzy sentiments region.

原文English
主出版物標題Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings
編輯Ben Niu, Hideyuki Takagi, Yuhui Shi, Ying Tan
發行者Springer Verlag
頁面277-284
頁數8
ISBN(列印)9783319618326
DOIs
出版狀態Published - 2017 一月 1
事件8th International Conference on Swarm Intelligence, ICSI 2017 - Fukuoka, Japan
持續時間: 2017 七月 272017 八月 1

出版系列

名字Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
10386 LNCS
ISSN(列印)0302-9743
ISSN(電子)1611-3349

Other

Other8th International Conference on Swarm Intelligence, ICSI 2017
國家Japan
城市Fukuoka
期間17-07-2717-08-01

    指紋

All Science Journal Classification (ASJC) codes

  • Theoretical Computer Science
  • Computer Science(all)

引用此

Liu, Y. H., Jiang, I. M., & Tsai, M. I. (2017). Making capital budgeting decisions for project abandonment by fuzzy approach. 於 B. Niu, H. Takagi, Y. Shi, & Y. Tan (編輯), Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings (頁 277-284). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); 卷 10386 LNCS). Springer Verlag. https://doi.org/10.1007/978-3-319-61833-3_29