Closure to 'Employing the Net Present Value-Consistent IRR Methods for PR Contracts' by Y. H. Chiang, Eddie W. L. Cheng, and Patrick T. I. Lam

摘要

The writers would like to thank the discussers, Professors Wu, Chau, and Shen, for their interest in commenting on their paper. They have the following two critiques pertaining to the writers' paper: 1. Eq. (2) in the original paper is incorrect because of the use of positive values of a,. The discussers stated, "In fact, the capital fund required by the project in period t in their MRIC method should be —a, instead of a,, because a, in Eq. (2) of the original paper is negative."