General Concepts 3 min read
Annual equivalent method
In most of the practical decision environments, executives will be forced to select the best alternative from a set of…
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FUTURE WORTH METHOD
· In this method, the future worth of various alternatives will be computed. Then, the alternative with the maximum future worth…
General Concepts 3 min read
Effective Interest Rates
Nominal, Period and Effective Interest Rates Based on Discrete Compounding of Interest · Usually, financial agencies report the interest rate on…
General Concepts 2 min read
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…
General Concepts 2 min read
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…
General Concepts 3 min read
Financial Equations
Interest The term “interest” is used to indicate the rent paid for the use of money. It is also used…
General Concepts 2 min read
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…
General Concepts 3 min read
Value engineering aims
By definition, the aim of value engineering is to help the owner improve efficiency and decrease operating costs. In the…
General Concepts 3 min read
Definition of Value Engineering
Terms used to describe “Value Engineering ” Value Methodology This is the “official” term used by SAVE International. It de…
General Concepts 3 min read
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.…
General Concepts 3 min read
Process Planning
In companies, planning processes can result in increased output, higher precision, and faster turnaround for vital business tasks. A process…
General Concepts 3 min read
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…