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The Decision Process
Objectives Criteria and Procedures
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additional adjusted alternative amount analysis annual cost approximately assets assumed basis benefit-cost benefit-cost ratio benefits calculated cash flows changes Chapter column compounded computed considered consumer price index corporation criterion curve decision decrease demand depreciation charge determine direct labor distribution dollars earnings economic economic order quantity effect engineering equal equation equipment equivalent annual cost estimated evaluation example expected expected value expenditures expenses facility factors Figure forecast frequency histogram function funds future income tax increase industry intangible interest rate inventory investment loss machine manufacturing measure method normal distribution objectives obtain operating costs opportunity cost output payments percent interest percentage period population present worth probability problem procedure profit proposed purchase random rate of return ratio relative replacement revenue risk salvage value sample shown standard deviation straight-line survivorship curve Table tion units utility variable variations