한국경영과학회지 (Journal of the Korean Operations Research and Management Science Society)
- 제11권1호
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- Pages.12-23
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- 1986
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- 1225-1119(pISSN)
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- 2733-4759(eISSN)
An Investigation of the Comparative Rate of Return
초록
The minimum attractive rate of return (MARR) has been used for many years as a decision criterion in engineering economic analysis. Typically, inflation has been either ignored in such studies or considered by adjusting each of the individual cash flows associated with a project for inflation, frequently a lengthy process. This research investigates a new decision criterion for economic analysis, the comparative rate of return (CRR). The CRR is defined to be the minimum rate of return earned on uninflated cash flows of proposed expenditures is simplified, since the analysis can be performed on the uninflated cash flows. The research presents a derivation of the CRR and investigates its relationships to the MARR, inflation rate project cash flows and project life.
키워드