Providing a balanced and practical approach to capital managementand budgeting, this book covers the full spectrum of capitalinvestments, from the basics through the latest innovations. It isaimed at managers who are involved in capital investment decisions:setting company capital investment policy; performing projectanalyses; and drafting recommendations. Those in top managementwill benefit from discussions of strong and weak points of variousmethods and concepts.Included in the arsenal of capital investment tools in this bookare concepts of proven usefulness, such as the MAPI method, nolonger available in other works on the topic of capital budgeting,and other topics not covered elsewhere, such as abandonmentanalysis.