吉林大学学报(工学版) ›› 2003, Vol. ›› Issue (2): 80-85.

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Application of EVA in investement projects decision

WANG Xi-gang1, ZHAO Li-ping2, ZHAO En-chang3   

  1. 1. School of Management, Shanghai Jiaotong University, Shanghai 200052, China;
    2. Institute of Technology, Jilin Agriculture University, Changchun 130118, China;
    3. Retire Management office, Jilin Agriculture University, Changchun 130118, China
  • Received:2002-11-11

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Abstract: It was proved that MVA and NPV are equivalent rules for projects evaluation.Therefore,annual equivalent EVA and NAV are identical measures for projects evaluation.The rule based on annual equivalent EVA for projects evaluation was proposed and applied in a large investment project.The paper also illustrates the feasibility and advantages of EVA analysis in project evaluation.

Key words: investment decision-making, MVA, EVA, NPV, NAV

CLC Number: 

  • F830.59
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