Building a scenario based active mapping investment tool within a physical asset management framework

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dc.contributor.authorCampher, Cedric Abrahamen_ZA
dc.contributor.authorVlok, P. J.en_ZA
dc.date.accessioned2016-04-25T12:52:07Z
dc.date.available2016-04-25T12:52:07Z
dc.date.issued2014
dc.descriptionCITATION: Campher, C. A. & Vlok, P. J. 2014. Building a scenario based active mapping investment tool within a physical asset management framework. South African Journal of Economic and Management Sciences, 17(2):194-206.
dc.descriptionThe original publication is available at http://www.sajems.org
dc.description.abstractENGLISH ABSTRACT: This study explores the implementation of an integrated capital budgeting visual mapping framework comprised of both Discounted Cash Flow (DCF) and Real Options Analysis (ROA) techniques. Physical asset investment decisions are based largely on rigid discounted cash flow tools which provide untimely and incomplete decisional criteria. While literature outlines the widespread use of traditional DCF techniques, it nevertheless reveals extensive limitations, including its static inflexibility and slow-to-evolve framework. ROA is a more recent valuation tool based on stock option theory. It brings into account added value found in the flexibility of managerial decision-making and uncertain conditions. This study implements a combined DCF and ROA capital budgeting tool within a Physical Asset Management (PAM) environment. The validity of the framework is realised through an industry-relevant case study presented by a South African mining company.en_ZA
dc.description.abstractAFRIKAANSE OPSOMMING: Geen opsomming beskikbaaraf_ZA
dc.description.urihttp://www.sajems.org/index.php/sajems/article/view/478
dc.description.versionPublisher's version
dc.format.extent13 pagesen_ZA
dc.identifier.citationCampher, C. A. & Vlok, P. J. 2014. Building a scenario based active mapping investment tool within a physical asset management framework. South African Journal of Economic and Management Sciences, 17(2):194-206.
dc.identifier.issn2222-3436 (Online)
dc.identifier.urihttp://hdl.handle.net/10019.1/98942
dc.language.isoen_ZAen_ZA
dc.publisherUniversity of Pretoriaen_ZA
dc.rights.holderUniversity of Pretoriaen_ZA
dc.subjectCapital budgetingen_ZA
dc.subjectAsset management accountsen_ZA
dc.subjectInvestmentsen_ZA
dc.titleBuilding a scenario based active mapping investment tool within a physical asset management frameworken_ZA
dc.typeArticleen_ZA
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