Document Type

Closed Project

Publication Date

Winter 1992


Richard F. Deckro

Course Title

Advanced Engineering Economics

Course Number

EMGT 535


My focus in this paper was the fact that one of the most important activities in any enterprise is that of capital resource allocation. Decision makers must have access to relevant and reliable information to select the "best" capital investment alternatives(s). However, this decisionmaking process is full of "risk" or "uncertainty" because future business, technological and political conditions can never be known with certainty.


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