Technology Selection

The different Nonnumeric models beComparative Benefit Model : - The criteria and recommendations of portfolio that shell fits the organization goals and conduct be the main aspects for evaluation of the proposal , in this modelb ) cognitive Modeling : - The understanding for actual process used by Manager is attempted in this modeling . In token of a large number of pops , the methodology is intended to shrivel up the work of managersNUMERIC MODELS : - In these models Preference or Priority be , is initially made that helps rank a set of proposed bulges , and among the graded projects , the manager selects investments gelting from the top of the list , funding bud abbreviates to the best projects . in that respect different Nonnumeric models arScoring Models : - In this modeling , the projects under term ar scored by application of a mathematical radiation diagram to the factors believed to be of importance .

The value of factors evolved by the formula ar weighted to reflect its importance relative to the other factors , and the Projects are then ranked in of their scoresEconomic Models : - In this modeling for project selection , comparison of project candidates is made , to their contribution to the substantial profit Economic models are based on rule data , and are easy to use , but bourgeon the estimation of future income information , which is difficult to obtain in the early stage of project . These models are a mong the most ordinarily used techniques i! n the selection processSome of the some of the well-known Methodologies are as follows : -a ) Cash Flow Payback : - The time from lower until net cash flow equals zero , is focused in this technique and the time value of money is not accounted in itb ) Net Present Value : - NPV technique relies on the fictive thinker that worth for a unit of money...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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