Azar, Samih Antoine; Noueihed, Nazim - In: International Journal of Business Administration 5 (2014) 5, pp. 58-64
The purpose of this paper is to study a Monte Carlo simulation of the discounted payback, and its application to investment appraisal. The underlying project in the case study has a useful life of 10 years with an initial outlay of $2,000, and with stochastic, independent, and normally...