Harold Bierman, Jr. is the Nicholas H. Noyes Professor of Business Administration at the Johnson Graduate School of Management, Cornell University.Seymour Smidt is Professor Emeritus at the Johnson Graduate School of Management, Cornell University.

This is the best book on capital budgeting ever written., November 15, 1998Reviewer: A readerBierman and Smidt's work is generally considered to be a classic in its field. Anyone seriously interested in a cogent, well structured, and logically developed textbook on the economic analysis of investment projects MUST study Bierman and Smidt. This book is not "just another finance text" because capital budgeting straddles two disciplines: finance and operations. This book does justice to both fields remarkably well.From Amazon, review of the previous edition published by Prentice Hall

• 1. Investment Decisions and Corporate Objectives 2. The Time Value of Money 3. Capital Budgeting: The Traditional Solutions 4. Mutually Exclusive Investments 5. Annual Equivalent Costs and Replacement Decisions 6. Capital Budgeting Under Capital Rationing 7. The Use of the Weighted Average Cost of Capital and Other Rates of Discount 8. The Capital Assett Pricing Model 9. The Cost of Capital and Capital Structure 10. Distribution Policy and Capital Budgeting 11. A Firm Investing in a Second Firm 12. Investing in Current Assets 13. Foreign Investments 14. The Buy versus Lease Decision 15. An Introduction to Real Options 16. Capital Budgeting and Inflation 17. Reflections on the Capital Budgeting Decision 18. Cases