Hulya J. Yazici
Advanced Engineering Economics
Four dynamic capital investment criteria were presented and discussed. Those criteria are: the discounted certainty equivalent (DCE) criterion, the time-weighted utility (TMU) criterion, and the horizon utility (HU) criterion, and the dynamic target-wealth criterion for the sequential budgeting process. After discussion of several points related to the criteria, several recommendations were made, including evaluating investment opportunities on the basis of wealth positions rather than cash flow.
Liu, Longjun, "New Dynamic Investment Criteria" (1993). Engineering and Technology Management Student Projects. 1006.