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Business and
Economic Choice
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Business and
economic choice
terms glossary
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To use the glossary, simply click on the first letter of the term of interest below: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
The tools discussed in this glossary provide managers, analysts and engineers the means to determine which course of action results in the lowest cost, greatest profit, or other criteria, often based on comparative cost studies. Information derived is useful for management decision making, using the time-value of money for projects with one or more capital components; for example, the setting of rates, taxes, revenues, fees or tariffs related to a civil works project or a new product. At HEI, we use these business tools in our consulting practice, especially for the more complex client projects. We prepared this glossary of terms and acronyms to give people access to the knowledge relating to making sound economic business decisions, necessary to help keep up with our rapidly evolving and dynamic global industrialized society. We believe that organizations can make better decisions using these powerful tools, especially after the legacy of the dartboard economic decisions of the dot-com era. Glossary topics include:
To use the glossary, simply click on the first letter of the term of interest below. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Copyright considerations necessitate that the definitions given in this glossary are not those produced by bodies like IEEE, ISO or ITU but rather by HEI's in-house staff. Similarly, HEI has not included proprietary terms copyright by manufacturers or other groups. Where legally binding definitions and terms are required, you are advised to purchase the applicable international standards' body publication and/or obtain permission from the copyright or trademark holder. We welcome your comments and suggestions. Disclaimer and Copyright © 1996-2010 HEI |
To be profitable and to survive in the 21st century business climate, an organization should plan its operations well into the future, looking at cause and effect of fiscal realities within and outside the company.