Teichroew, Daniel; Robichek, Alexander A.; Montalbano, … - In: Management Science 11 (1965) 3, pp. 395-403
The purpose of this paper is to prove certain properties of the present and future values of a sequence of cash flows which have applications in the theory of capital budgeting. This is done in Theorems III, IV and V. As an introduction, certain previously available results about the present...