Abstract
M.Com. (Business Management)
The traditional investment appraisal decision making process is no longer the
most appropriate within the context of the rapid changes that are occurring
within the business world of our time. A swiftly changing environment
necessitates the need for a new approach to investment appraisal decisions.
"Efforts must be made to provide a system that would provide management with the
tools, thereby allowing the most attractive investment alternative" and truly
seeing the future of the business.
A dynamic, unpredictable and swiftly changing context provide for challenging
and researching the underlying assumptions on which traditional Investment
Approval decisions have been based. This study is thus directed at acquiring
an understanding of how Computerised Knowledge Based Systems could provide
assistance to organisations by timeously analysing the variables involved and
then providing feedback which would allow the organisation to choose the
projects that would provide higher than average rates of return, and fit
strategically with existing corporate policy.
At its very broadest, this study seeks to determine how investment appraisal
decisions can be improved through the use of Knowledge Based Systems...