This comprehensive two-volume guide provides all the necessary concepts of capital investment evaluation, capital budgeting, and decision analysis. The author describes how investment decisions are currently  made under different stages of uncertainty and prescribes techniques for making rational decisions. Volume 2 presents the concepts of decision analysis, incorporating risk and uncertainty as applied to capital investments. In the expanded and updated second edition, the author integrates new advancements and clarifies concepts to facilitate their understanding. Each topic is introduced, followed by a brief discussion related to its application in practice and a solved example. This book is ideal for accountants, financial analysts, stockbrokers, lawyers, engineers, investors, geologists, geophysicists, managers, and bankers. CD-ROM included.