This content is not included in
your SAE MOBILUS subscription, or you are not logged in.
Planning for Economic Justification of Equipment
Annotation ability available
Sector:
Language:
English
Abstract
One of the most difficult management decisions involves the allocation of funds for capital expenditures. The purpose of this paper is to offer some recommendations and procedures which will enhance the planning and control of capital expenditures for equipment. Top management will still make the final decision, and no procedure will ever replace it. The procedures here suggested are not substitutes for good judgment but, rather, provide a means by which to apply judgment better and with closer approximation to the realities of the situation.