Weibull Parameter Estimation Using Empirical and AI Methods: A Wind Energy Assessment in İzmir. [PDF]
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The Impact of Automation and Digitalization in Hospital Medication Management: Economic Analysis in the European Countries. [PDF]
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Constraints to sustainable energy technology implementation: Insights from an emerging economy using ISM-MICMAC analysis. [PDF]
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On Balance-of-Payments Payback Periods
The Journal of Business, 1972In a recent issue of this Journal, Makinen1 presented balance-of-payments payback periods for investments abroad by the U.S. automobile industry. This note will (1) question the usefulness of single-industry payback computations for national policy purposes, and (2) argue that certain assumptions in Makinen's approach vitiate his numerical results. For
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Why Should Managers Like Payback Period?
SSRN Electronic Journal, 2010Most companies use payback period in capital budgeting though it is often criticized lack of the concept of time value of money. Why should people like payback period so much? I list literature and illustrate models of both constant cash flows and stochastic cash flows. In these two models, payback period method is equivalent to the IRR method.
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