One of the most difficult management decisions involves the allocation of funds for capital expenditures. The purpose of this paper is to offer some recommendations and procedures which will enhance the planning and control of capital expenditures for equipment. Top management will still make the final decision, and no procedure will ever replace it. The procedures here suggested are not substitutes for good judgment but, rather, provide a means by which to apply judgment better and with closer approximation to the realities of the situation.
Planning for Economic Justification of Equipment
Sae Technical Papers
National Aeronautic Meeting and Production Forum ; 1966
1966-02-01
Conference paper
English
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