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Published in:
2022 | OriginalPaper | Chapter
13. Capital Budgeting Engineering Investments
Author : Teddy Steven Cotter
Published in: Engineering Managerial Economic Decision and Risk Analysis
Publisher: Springer International Publishing
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Abstract
An organization’s viability depends on its ability to develop and grow to remain competitive. A well-managed organization expends a significant amount of its management’s time and its resources to develop sound capital budgets to remain viable. Major capital investments in facilities, equipment, and supporting infrastructure are made and implemented through engineering projects. Capital budget projects fall in the medium-to-high risk–return categories.