NET PRESENT VALUE SIMULATING WITH A SPREADSHEET
Decision making has always been a difficult process, based on various combinations if objectivity (when scientific tools were used) and subjectivity (considering that decisions are finally made by people, with their strengths and weaknesses). The IT revolution has also reached the areas of managemen...
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| Format: | Article |
| Language: | English |
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Regional Department of Defense Resources Management Studies
2010-01-01
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| Series: | Journal of Defense Resources Management |
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| Online Access: | http://journal.dresmara.ro/issues/volume1_issue1/05_constantinescu.pdf |
| Summary: | Decision making has always been a difficult process, based on various combinations if objectivity (when scientific tools were used) and subjectivity (considering that decisions are finally made by people, with their strengths and weaknesses). The IT revolution has also reached the areas of management and decision making, helping managers make better and more informed decisions by providing them with a variety of tools, from the personal computers to the specialized software. Most simulations are performed in a spreadsheet, because the number of calculations required soon overwhelms human capability. |
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| ISSN: | 2068-9403 |