Purpose – To develop a more effective, long-term-oriented capital asset management process for capital project evaluation Design/methodology/approach – Relying on a cash study format, the weaknesses of the traditional capital budgeting process are examined. The proposed capital asset...

Purpose – To develop a more effective, long‐term‐oriented capital asset management process for capital project evaluation Design/methodology/approach – Relying on a cash study format, the weaknesses of the traditional capital budgeting process are examined. The proposed capital asset...