August 2004
Intermediate to advanced
656 pages
15h 28m
English
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The Outsider's Viewpoint: Addressing Sunk Cost and Salvage Value
The outsider's viewpoint is a simple but effective way to be sure the sunk cost and the opportunity cost of the salvage value are properly addressed in the decision analysis. The outsider's viewpoint assumes that you are someone who needs the service provided by either the existing asset or the proposed replacement(s) but you don't own either. As an outsider, you have the choice of either buying the existing asset at its salvage value or buying (any one of) the replacement candidate(s).
Because the outsider only pays the salvage value to buy the existing asset, its original acquisition cost is ignored, exactly as it should be. Whatever was originally paid for the asset is not a ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.