Models & Methods for Project Selection

This text systematically examines work in the field of project selection modelling. The models presented are drawn from mathematical programming, decision theory, and finance. These models are examined in two categorical streams: the management science stream and the financial model stream. The book describes the assumptions and limitations of each model and provides appropriate solution methodologies. Its organization follows three main themes: criteria for choice; risk and uncertainty; and non-linearity and interdependence. Further chapters present solution methodologies, which can be used to solve these most general project selection models.