{"id":"https://openalex.org/W2028173766","doi":"https://doi.org/10.1108/14637159810238200","title":"A comparison of capital budgeting models: local versus global viewpoints","display_name":"A comparison of capital budgeting models: local versus global viewpoints","publication_year":1998,"publication_date":"1998-12-01","ids":{"openalex":"https://openalex.org/W2028173766","doi":"https://doi.org/10.1108/14637159810238200","mag":"2028173766"},"language":"en","primary_location":{"id":"doi:10.1108/14637159810238200","is_oa":false,"landing_page_url":"https://doi.org/10.1108/14637159810238200","pdf_url":null,"source":{"id":"https://openalex.org/S2508752","display_name":"Business Process Management Journal","issn_l":"1463-7154","issn":["1463-7154","1758-4116"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Process Management Journal","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5000814535","display_name":"Lloyd J. Taylor","orcid":null},"institutions":[{"id":"https://openalex.org/I46896759","display_name":"Midwestern State University","ror":"https://ror.org/00t30ch44","country_code":"US","type":"education","lineage":["https://openalex.org/I46896759"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Lloyd J. Taylor","raw_affiliation_strings":["Midwestern State University, Wichita Falls, Texas, USA","(Midwestern State University, Wichita Falls, Texas, USA)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Midwestern State University, Wichita Falls, Texas, USA","institution_ids":["https://openalex.org/I46896759"]},{"raw_affiliation_string":"(Midwestern State University, Wichita Falls, Texas, USA)","institution_ids":["https://openalex.org/I46896759"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5000814535"],"corresponding_institution_ids":["https://openalex.org/I46896759"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.19970731,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":97},"biblio":{"volume":"4","issue":"4","first_page":"306","last_page":"321"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.210099995136261,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.210099995136261,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-budgeting","display_name":"Capital budgeting","score":0.7316370010375977},{"id":"https://openalex.org/keywords/cash-flow","display_name":"Cash flow","score":0.5243476033210754},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5167721509933472},{"id":"https://openalex.org/keywords/viewpoints","display_name":"Viewpoints","score":0.47017163038253784},{"id":"https://openalex.org/keywords/capital-expenditure","display_name":"Capital expenditure","score":0.4573265314102173},{"id":"https://openalex.org/keywords/financial-capital","display_name":"Financial capital","score":0.4204899072647095},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3928765058517456},{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.3757227957248688},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.31933218240737915},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2921513617038727},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.2663235664367676}],"concepts":[{"id":"https://openalex.org/C57918260","wikidata":"https://www.wikidata.org/wiki/Q1354666","display_name":"Capital budgeting","level":3,"score":0.7316370010375977},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.5243476033210754},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5167721509933472},{"id":"https://openalex.org/C2776035091","wikidata":"https://www.wikidata.org/wiki/Q7928819","display_name":"Viewpoints","level":2,"score":0.47017163038253784},{"id":"https://openalex.org/C172497479","wikidata":"https://www.wikidata.org/wiki/Q302208","display_name":"Capital expenditure","level":2,"score":0.4573265314102173},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.4204899072647095},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3928765058517456},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.3757227957248688},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.31933218240737915},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2921513617038727},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2663235664367676},{"id":"https://openalex.org/C21425071","wikidata":"https://www.wikidata.org/wiki/Q7249389","display_name":"Project appraisal","level":2,"score":0.0},{"id":"https://openalex.org/C142362112","wikidata":"https://www.wikidata.org/wiki/Q735","display_name":"Art","level":0,"score":0.0},{"id":"https://openalex.org/C153349607","wikidata":"https://www.wikidata.org/wiki/Q36649","display_name":"Visual arts","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/14637159810238200","is_oa":false,"landing_page_url":"https://doi.org/10.1108/14637159810238200","pdf_url":null,"source":{"id":"https://openalex.org/S2508752","display_name":"Business Process Management Journal","issn_l":"1463-7154","issn":["1463-7154","1758-4116"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Process Management Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":2,"referenced_works":["https://openalex.org/W1501269936","https://openalex.org/W1522029621"],"related_works":["https://openalex.org/W2385368906","https://openalex.org/W4386708343","https://openalex.org/W2487396239","https://openalex.org/W2616908213","https://openalex.org/W1973763945","https://openalex.org/W1990441470","https://openalex.org/W3167546433","https://openalex.org/W4312249777","https://openalex.org/W2898872239","https://openalex.org/W2373318841"],"abstract_inverted_index":{"This":[0],"research":[1],"studies":[2],"the":[3,12,18,21,53,77,89,115,119,124,140,143,167,172,189,192],"financial":[4,156],"aspects":[5],"of":[6,20,35,55,61,118,129,142,146,175,177,194],"capital":[7,25,56,108,168],"budgeting":[8,26],"models":[9,27],"in":[10,63,88,114,136],"both":[11],"local":[13,33,45,126],"and":[14,58,81,85,91,95,110,183],"global":[15,66,144,173],"perspectives.":[16],"Since":[17],"development":[19],"simple":[22],"payback":[23],"method,":[24],"have":[28],"been":[29],"employed":[30],"as":[31],"relative":[32],"measures":[34,128,145,174],"project":[36],"evaluation.":[37],"Because":[38],"these":[39],"tools":[40],"analyze":[41],"at":[42],"a":[43,64,100,133,138,154],"static":[44],"level,":[46],"they":[47],"are":[48],"limited.":[49],"By":[50],"adopting":[51],"simulation,":[52],"effects":[54],"expenditures":[57,109],"crucial":[59],"interaction":[60],"resources":[62],"dynamic":[65],"environment":[67],"can":[68,98,111],"be":[69],"studied.":[70],"Simulation":[71],"software":[72,96],"has":[73],"improved":[74],"greatly":[75],"over":[76],"past":[78],"few":[79],"years":[80],"is":[82,186],"becoming":[83],"more":[84,86],"common":[87],"manufacturing":[90],"consulting":[92],"environments.":[93],"Hardware":[94],"technology":[97],"provide":[99,112],"real":[101],"opportunity":[102,113],"for":[103],"those":[104],"making":[105,137],"decisions":[106],"regarding":[107],"decision\u2010making":[116],"process":[117],"\u201cwhat\u2010if?\u201d":[120],"scenario.":[121],"Even":[122],"though":[123],"traditional":[125],"optimization":[127],"performance":[130,147,176],"may":[131,148],"show":[132,149],"major":[134],"advantage":[135],"purchase,":[139],"results":[141],"it":[150],"would":[151],"bring":[152],"about":[153],"significant":[155],"misfortune":[157],"to":[158,164,187],"do":[159],"so.":[160],"One":[161],"proven":[162],"way":[163],"determine":[165],"if":[166],"expenditure":[169],"will":[170],"improve":[171],"net":[178],"profit,":[179],"return":[180],"on":[181],"investment":[182],"cash":[184],"flow":[185],"model":[188],"scenario":[190],"through":[191],"use":[193],"computer":[195],"simulation.":[196]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":1}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}