Latest developments in investment analysis offer a number of valuable insights into how to evaluate investment 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...

As biotechnology evolves new methods of genetic engineering are now being applied to the production and processing of foods. This paper is trying to explore the attitudes of the European consumers towards genetic modification of food. Using survey data of the EU member countries the proposed...