OTHER ECONOMIC TOPICS


Please sign in to view the rest of this entry.

OTHER ECONOMIC TOPICS
OTHER ECONOMIC TOPICS
COMPARISON OF ALTERNATIVE INVESTMENTS Engineers are often confronted with making choices between alternative equipment, designs, procedures, plans, or methods. The courses of action require different amounts of capital and different operating expenses. Some basic concepts must be considered before attempting to use mathematical methods for a solution. It is necessary to clearly define the alternatives and their merits. Flow of money takes the form of expenditures or income. Savings from operations are considered as income or as a reduction in operating expenses. Income taxes and inflation as well as a reasonable return on the investment must be included. Money spent is negative and money earned…
Citation
Dr. Don W. Green; Dr. Marylee Z. Southard: Perry's Chemical Engineers' Handbook, 9th Edition. OTHER ECONOMIC TOPICS, Chapter (McGraw-Hill Professional, 2019), AccessEngineering Export