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Harold Bierman, Jr.& Seymour...
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The capital budgeting decision
economic analysis of investment projects
Bierman and Smidt's work is generally considered to be a classic in its field. Anyone seriously interested in a cogent, well structured, and logically developed textbook on the economic analysis of investment projects MUST study Bierman and Smidt. This book is not "just another finance text" because capital budgeting straddles two disciplines: finance and operations. This book does justice to both fields remarkably well.
Harold Bierman, Jr. is the Nicholas H. Noyes Professor of Business Administration at the Johnson Graduate School of Management, Cornell University.
Seymour Smidt is Professor Emeritus at the Johnson Graduate School of Management, Cornell University.
