碩士 / 國立中正大學 / 企業管理研究所 / 102 / Enterprises have confronted an increasing global competition and impact since 20 century; therefore, successful marketing strategies and investment plans count on the survival and development of a company, and also can further bring forth competitiveness enhancement and enterprisevalue maximization. The decision making, with great consequence for capital investment, is meant to be considerably cautious. Nevertheless, according to the domestic research demonstration, most companies are stilldependent upon a simple and crude method to make capital budget inpractice . It’s evidently against theoretical study .
The aquaculture to fishery industry ratio of annual production value inTaiwan is increasing year by year. Traditional concrete or soil pond farmingis progressively being replaced by intensive aquaculture farm technology,and it also focus on enhancing disease prevention. For this reason,high-tech aquaculture biology plants arise spontaneously, and from smallholder farmer to corporation, they make a large investment on expanding farm scale, upgrading technique and equipment to expect to gain a considerable margin of profit and reward. However, the budget plan is commonly created by a basic and inconsiderable method, ex: Payback Period Method. Such a decision model is excessively subjective, and lots of influencing factors (ex: time value of money) are all left aside.
This research attempts to investigate capital budgeting decision for aquaculture industry applications, and the analysis methods will be in accordance with six decision criterion of capital budgeting, including Payback Period Method (PP), Average Accounting Return (AAR), Net Present Value(NPV), Internal Return Rate(IRR),Profitability Index Method(PI), and Modified Internal Rate of Return(MIRR). In the last subject,we investigate how to make an assessment and decision while capital budgeting is incompatible. In short, I deeply hope to find the means to make efficient capital budget for aquaculture industry through this research.
| Identifer | oai:union.ndltd.org:TW/102CCU00121070 |
| Date | January 2014 |
| Creators | Tseng,Yao-Hsien, 曾耀賢 |
| Contributors | Cheng,Ming-Chang, 鎮明常 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 68 |
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