{"product_id":"risk-sensitive-value-measure-method-miyahara-yoshio-9789819808557","title":"Risk Sensitive Value Measure Method","description":"\u003cp\u003eWhat is the most effective method for project evaluation? While the standard Net Present Value (NPV) method is widely used for its simplicity, it has notable limitations: it insufficiently accounts for the random complexity of cash flows and fails to capture the flexibility inherent in project execution.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book introduces an innovative evaluation method designed to address these shortcomings. It begins by analyzing the evaluation of random variables, representing the Random Present Values (RPVs) of cash flows, and identifies the optimal evaluation functional for RPVs. Through this analysis, the concave monetary value measure - or concave monetary utility function - emerges as the most suitable tool.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe study is then extended to dynamic value measures, leading to the conclusion that the risk-sensitive value measure is the most robust approach for project evaluation. Practical applications of this method are thoroughly explored, offering valuable insights for tackling real-world project evaluation challenges.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Miyahara Yoshio\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9819808553\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789819808557\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e World Scientific Publishing Company\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/03\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 284\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.21lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.69d","brand":"Miyahara Yoshio","offers":[{"title":"Hardcover","offer_id":47637355954431,"sku":"9789819808557","price":88.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_b3d19d4e-d397-43c3-811c-05c6b07f687c.jpg?v=1765115664","url":"https:\/\/www.whiterainbookhouse.com\/products\/risk-sensitive-value-measure-method-miyahara-yoshio-9789819808557","provider":"WR Book House","version":"1.0","type":"link"}