Effective Interest Rates
Nominal, Period and Effective Interest Rates Based on Discrete Compounding of Interest · Usually, financial agencies report the interest rate on a nominal annual basis with a specified compounding period that…
Uniform Gradient Uniform Series
The Uniform Gradient Uniform Series (UGUS) factor calculator computes the change in the amount of an account that has uniform increases or decreases applied to it for some number of compounding periods.…
Uniform Annual Series and Future Value
Uniform annual series and future value Suppose that there is a series of "n" uniform payments, uniform in amount and uniformly spaced, such as a payment every year. Let "A"…
Financial Equations
Interest The term "interest" is used to indicate the rent paid for the use of money. It is also used to represent the percentage earned by an investment in a…
Equal-Payment Series Sinking Fund
In this type of investment mode, the objective is to find the equivalent amount (A) that should be deposited at the end of every interest period for n interest periods…
Value engineering aims
By definition, the aim of value engineering is to help the owner improve efficiency and decrease operating costs. In the construction industry, however, its most common purpose is to bring…
Definition of Value Engineering
Terms used to describe “Value Engineering ” Value Methodology This is the “official” term used by SAVE International. It de ibe the o e ll bod of k o led…
The Make or Buy Decision
Introduction Are you outsourcing enough? This was one of the main questions asked by management consultants during the outsourcing boom. Outsourcing was viewed as one of the best ways of…
Process Planning
In companies, planning processes can result in increased output, higher precision, and faster turnaround for vital business tasks. A process is described as a set of steps that result in…
Materials Selection for Great Products:
There are several situations during the life cycle of a product when a design team selects a material to use for a component or a joint between components – new…
