A Chance-Constrained Approach to Capital Budgeting with Portfolio Type Payback and Liquidity Constraints and Horizon Posture Controls
R. Byrne, A. Charnes, W. W. Cooper, K. Kortanek
Journal of Financial and Quantitative Analysis · 1967 · Volume 2 · Issue 4
Abstract
This is an exploratory paper. In particular, it consists of explorations conducted around some of the possibilities that might be offered for capital budgeting via recently developed methods, e.g., chance-constrained programming, linear programming under uncertainty, etc.
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