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This book is intended for both practising managers who require a thorough knowledge of the principles of making investment decisions in the real world and for students undertaking financial courses whether at undergraduate, MBA or professional levels. The subject matter encompasses relevant aspects of the investment decision varying from a basic introduction to the appraisal techniques available to placing investment decisions within a strategic context and coverage of recent developments including real options, value at risk and environmental investments. Readers will benefit from both a comprehensive introduction to the subject area and also consideration of more advanced aspects and recent innovations for those readers wishing to delve deeper into the fascinating world of investment decisions.