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Compounding under varying interest rates
(1976-01-25)
The arithmetic of investment analysis presently in use
presumes that cash flows generated by an investment are
capable of earning successively period after period at a
uniform rate throughout the chosen time horizon. ...
Pipeline theory on working capital
(1976-07-19)
The financial anatomy of the business systems is examined
and a theoretical frame to understand and measure
a) how the activities of business systems consume and generate
funds, b) what stock of funds needs to be ...