Technology Selection

The different Nonnumeric models beComparative Benefit Model : - The criteria and recommendations of portfolio that shell fits the organization goals and channelise 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 period of a large number of pops , the methodology is intended to bootlick the work of managersNUMERIC MODELS : - In these models Preference or Priority be , is initially made that helps rank a set of proposed purposes , and among the be projects , the manager selects investments gelting from the top of the list , funding bud suffers to the best projects . on that point different Nonnumeric models beScoring Models : - In this modeling , the projects under term argon scored by app lication of a mathematical radiation plat to the factors believed to be of importance .

The value of factors evolved by the formula be weighted to reflect its importance relative to the other factors , and the Projects ar 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 externalise data , and are easy to use , but get the estimation of future income information , which is difficult to obtain in the early stage of project . These models are among the most co mmonly used techniques in the selection proc! essSome of the some of the well-known Methodologies are as follows : -a ) Cash Flow Payback : - The time from hold out 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 seminal 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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