Management Values in the Selection of a Capital Budgeting Portfolio

Cover Management Values in the Selection of a Capital Budgeting Portfolio
Management Values in the Selection of a Capital Budgeting Portfolio
E Eugene Carter
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For the following tables, the results will be based on a subgroup for which detailed independent responses on both the (A) and (B) packages were available. As discussed earlier, the (B) package provided additional information regarding the covariance among projects on various criteria and permitted optional use of the SIFT computer program to evaluate interrelationships.
Goal Evaluation Given the availability to use the computer and data which would permit evaluation on many more criteria, one
...can hypothesize (H4) that more goals will be considered. In contrast, other observers would argue that the reason a manager has multiple goals is that (s)he has little confidence in the information or the evaluative procedures on the few goals which are very important and that multiple goals are a means of eliminating imprecisions in the system. Accordingly, when a device to handle the important informa- tion is made available, one would argue under this theory that fewer goals would be mentioned; the executive now has the means to focus on the goals of real importance.

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