Title

The use of crystal ball within a spreadsheet to analyze capital-budgeting decisions in the hospitality industry

Abstract

The object of the paper is to show how Crystal Ball, an add-inn to a spreadsheet, can be used to provide better answers to capital-budgeting questions. While capital budgeting is not a new tool to analyze the uncertainty inherent in long-range investment decisions, recent technological developments now allow complex Monte Carlo simulations to be run on a personal computer within a “familiar” spreadsheet in a fraction of the time that was required just a few years ago. This paper shows how it is now possible to explicitly model uncertainty within the “point-and-click” environment that is within the grasp of most of today’s spreadsheet users. © 1997, Taylor & Francis Group, LLC.

Publication Date

1-1-1997

Publication Title

Journal of Hospitality Financial Management

Volume

5

Issue

1

Number of Pages

67-

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1080/10913211.1997.10653697

Socpus ID

85032762654 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/85032762654

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