Tzouramani, Irene; Mattas, Konstadinos - European Association of Agricultural Economists - EAAE - 2002
opportunities encountering the weaknesses of net present value criterion. More specific, irreversibility, uncertainty and the choice … of timing are conditions that net present value does not include but they alter the investment decision in critical way … present value criterion has been extensively used that may be lead to incorrect decisions. Both discount cash flow method and …