Risk Sensitive Value Measure Method: A New Method Of Project Evaluation
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A01=Yoshio Miyahara
Aggressiveness Index
Author_Yoshio Miyahara
Both Sensitive Value Measure
Category=K
Category=PBT
Certainty Equivalence
Entropic Value Measure
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Indifference Price
Inner Rate of Risk Aversion
Monetary Utility Function
Project Evaluation
Random Cash Flow
Random Present Value
Real Option Approach
Risk Sensitive Control
Risk Sensitive Value Measure
Scale Effect
Scale Risk
Sensitivity Index
Time-consistency
Value Measure
Venture Business
Product details
- ISBN 9789819808557
- Publication Date: 01 Aug 2025
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
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What 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.This 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.The 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.
