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Engineering Economy

Profitability and Economic Choice
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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

Basic financial toolsTo survive and profit in the 21st century world, organizations must plan their operations well into the future, including cause and effect of fiscal realities, both within and outside a project's principal scope.

The methods, concepts and tools discussed in this glossary provide managers, planners and engineers the means to determine a course of action resulting in the lowest cost, greatest profit, lowest financial risk, or other criteria; often based on comparative cost studies. Decision making information is derived, using the time-value of money for projects with one or more capital components. Examples include the setting of rates, taxes, revenues, fees or tariffs related to a civil works project or a new product, determining the feasibility of an undertaking, or to meet regulatory requirements.

Acleris uses business tools like these for analysis of complex client projects and have prepared this glossary to give managers and planners access to the knowledge relating to making sound economic business decisions, ever more necessary in our increasingly competitive yet cost constrained 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:

  • Amortization
  • Benefits vs. costs
  • Best choice analysis
  • Cash flow analysis
  • Computer aided analysis
  • Debt and equity
  • End of study factors
  • Engineering economy
  • Feasibility indicators
 

  • Lease vs. buy
  • Payback
  • Profitability
  • Rate of return
  • Sensitivity analysis
  • Simple and compound interest
  • Statistics
  • Taxes
  • Time value of money

To use the glossary, click on the first letter of the term of interest:

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 Acleris' in-house staff. Similarly, copyright proprietary terms of third parties are excluded. 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 always welcome your comments and suggestions.