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A Study on Rate of Returns in Engineering Projects  

Kim, Jin-Wook (Department of Industrial and Systems Engineering, Changwon National University)
Lee, Choon-Shik (Department of Industrial and Systems Engineering, Changwon National University)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.31, no.3, 2008 , pp. 74-79 More about this Journal
Abstract
The reinvestment assumption of the internal rate of return(IRR) method may not be valid in an engineering economy study. This situation, coupled with the computational demands and possible multiple interest rate associated with the IRR method, has given rise to other rate of return methods, such as the external rate of return(ERR) method, that can remedy some of these weaknesses. But ERRs are not used generally. We present another rate of return including all attributes of the minimum attractive rate of return(MARR).
Keywords
ARR; ERR; IRR; MARR; MIRR; NPV;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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