论文信息 - Using a Genetic Algorithm to Investigate Taxation Induced Interactions in Capital Budgeting

Using a Genetic Algorithm to Investigate Taxation Induced Interactions in Capital Budgeting

The capital budgeting problem, as analysed here, involves selecting a combination of projects from the set of all possible combinations of projects to maximise the net present value of cash flows. The traditional investment appraisal approach of carrying out a project by project analysis and selecting accordingly is invalid because of features of the many current taxation system, which introduce non-linear interdependences between the projects.

G. D. Smith | R. H. Berry

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