Fundamentals I: Costs

Wolfgang Messner
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Wolfgang Messner: MYRA School of Business, GloBus Research

Chapter 3 in Making the Compelling Business Case, 2013, pp 126-159 from Palgrave Macmillan

Abstract: Abstract The first two chapters of this book have focused on the importance of investment decisions for the economic well-being of companies, appropriate mathematical methods of modeling the cash inflows and outflows associated with an investment, and how to identify investment opportunities, select the best alternative, and finally take decisions for business growth. However, the best processes and theoretically correct methods are of not much value if the information fed into them is of insufficient quality; the well-known principle of “garbage in, garbage out” applies to business cases as well. Hence this and the next chapter concentrate exclusively on the two basic types of input into a compelling business case and the investment justification process: costs in this Chapter and benefits in Chapter 4.

Keywords: Business Case; Corporate Taxis; Olympic Game; Cash Inflow; Sunk Cost Effect (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-34057-3_3

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DOI: 10.1057/9781137340573_3

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