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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1096 |
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As long as the decisions involve trade-offs which cannot be quantified into a single measurement, that is without a Final Judge, then the determination of "best" will always remain somewhat less than objective. Hence, the problem of "how to best evaluate" the myriad of proposed projects, particularly when all of them promise great benefits, also remains highly subjective...
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The main reason stems from the fact that the true investment value of a limited resource is not adequately represented by considering only the number of limited resource units to be invested. As with any limited resource, the real key to its value resides in its limited nature. Hence, determining the true value of any limited resource investment requires a quantification that is based on both the number of limited resource units (dollars) to be invested, and even more importantly, the number of time units (days) that these limited resource units (dollars) will not be available...
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