This is the best book on capital budgeting ever written., November 15, 1998
Reviewer: A reader
Bierman and Smidt’s work is generally considered to be a classic in its field. Anyone seriously interested in a cogent, well structured, and logically developed textbook on the economic analysis of investment projects MUST study Bierman and Smidt.
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The Capital Budgeting Decision: Economic Analysis of Investment Projects
This book is not “just another finance text” because capital budgeting straddles two disciplines: finance and operations. This book does justice to both fields remarkably well.
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