CAPITAL budget, MATHEMATICAL programming, RISK assessment, LIQUIDITY (Economics)
Abstract
This article focuses on mathematical programming models for capital budgeting. In section one a generalized deterministic mathematical programming model for capital budgeting is provided. Section two demonstrates how these past models are closely related to this model. In the third section uncertainty is discussed through the use of probabilistic concepts and through the utilization of chance-constrained programming. The authors hope to present a comprehensive analysis of the features of programming models for capital budgeting.