Grundlagen der Investitionsrechnung

How to make sound investment decisions: This book is based onlong-term experience with students, especially at the School ofInternational Business of Bremen University of Applied Sciences. For abetter understanding, a case study is constructed to illustrate allmethods discussed. Written in an easily understood style it focuses onthe reality of student life as well as of practitioners.

The goal of the book is to pace a sure way through the variety ofmethods. Mathematical basics are specifically explained in detail. Thisbook shows clearly why there are different methods in investmentappraisal and on where to focus in a given situation. As all methodsare introduced by the same case study, it is easy to compare andevaluate the results. The statements in the text are furtherconsolidated by abstracts and evaluations of each of the methods.Exercises with extensive solutions will lead to the confidence which isnecessary for an ease of handling the investment appraisal techniquesand for a good preparation for students exams. German andinternational students at universities and other institutions of highereducation will find this book an excellent systematic preparation fortheir exams. It is also directed toward members of the general publicwho need expert guidance in making professional investment decisions.

Due to the increasing mobility of students and the internationalisationof many economic or business curricula, not only do German studentstend to study more abroad, but also foreign students tend to study morein Germany. In German universities the number of courses in the Englishlanguage is also increasing. That is why I have written this text inEnglish. A companion volume in German, entitled Grundlagen derInvestitionsrechnung: Eine Darstellung anhand einer Fallstudie is also available. In both textbooks the pages are constructedidentically. Using both textbooks simultaneously will help thosestudents who still lack the necessary business vocabulary in therespective language to reasonably follow a class in English or German.

This book clearly closes an existing gap in the literature. This is thefirst book in English about capital expenditure budgeting in the senseas it is usually taught in German higher education institutions. As aresult international students now have literature covering the contentsof a course in investment appraisal in the form of an easy-to-read casestudy with easily understood graphics and notations.