What question did this study set out to answer?

To develop a framework for evaluating nonquantifiable uncertainties and risks in new technology investments.

Assessing Risk and Uncertainty in New Technology Investments.

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Theoretical framework assesses nonquantifiable uncertainties in capital investment evaluations, suggesting improved managerial insights.

To develop a framework for evaluating nonquantifiable uncertainties and risks in new technology investments.
Extended the risk-return framework to incorporate nonquantifiable uncertainty.
Created a clear distinction between quantifiable returns, risks, and nonquantifiable uncertainties.
Introduced a composite measure of quantifiable risk to provide comprehensive risk insights.
Reduced likelihood of double-counting benefits during evaluation processes.
Enhanced risk assessment through a multi-dimensional risk measure.
Facilitated better-informed managerial decisions regarding technology investments.

Wilton L. Accola (1994) studied this question.

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