TECHNICAL NOTE: THE FORMULA APPROXIMATION FOR THE OPTIMAL CYCLE TIME OF THE NET PRESENT VALUE |
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| Authors: | SHAW-PING LAN KUN-JEN CHUNG PETER CHU PO-FENG KUO |
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| Institution: | 1. National Defense Management College , TATWAN;2. University of Science and Technology , TAIWAN;3. The Central Police University , TAIWAN;4. National Defense Management College , TAIWAN |
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| Abstract: | This article proposes the best bounds for e?x ?l+x subject to some constraints. With these bounds for e?x ?l+x, the better bounds for the optimal cycle time can be developed such that the bisection algorithm locates the optimal cycle time more accurately. Finally, an example is given to illustrate all results obtained by this article. |
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