<URL:http://www.uwasa.fi/~ts/smuc/prog/smucprog.html>

Timo Salmi and Ilkka Virtanen

Measuring the Long-Run Profitability of the Firm; A Simulation Evaluation of the Financial Statement Based IRR Estimation Methods

The Turbo Pascal Computer Programs


smuctpu.pas A common unit Turbo Pascal routines
cdisunif.pas Calculate coefficients for uniform contribution distribution.
cdisnegb.pas Calculate coefficients for negative binomial contribution distribution.
cdisanto.pas Calculate coefficients for Anton contribution distribution.
smucstra.pas Generate the firm's time series. The version with straight-line depreciation.
smucdecl.pas Generate the firm's time series. The version with the double-declining balance depreciation.
smucannu.pas Generate the firm's time series. The version with annuity depreciation.
kayestim.pas Kay's IRR estimation method.
ijiestim.pas Ijiri-Salamon IRR estimation method.
ijiaccu.pas Ijiri-Salamon IRR estimation method with perfect knowledge of the gross book value.
rruestim.pas Ruuhela's IRR estimation method.
arrestim.pas Average accountant's rate of Return IRR estimation method.


Goto: The contents section of Salmi and Virtanen (1997)

Departments of Accounting and Mathematics, University of Vaasa,
Finland

itv@uwasa.fi
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