Part TWO: MAKING FOR-PROFIT BUSINESS DECISIONS
Part Two presents the basic mechanics of making a business decision in a for-profit organization. Specific concepts and techniques in this part include for-profit decision analysis, the concept of economic life and its impact on planning horizons, and two special cases in for-profit decision analysis: replacement decisions and asset-retirement decisions. Using the concepts and techniques in this part, you will be able to make technical decisions in a business context so that you can better align your technical decisions with the goals of the organization. All for-profit business decisions should use the concepts and techniques presented here. Part Three will introduce an optional set of concepts ...
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