Technology Selection

The different Nonnumeric models beComparative Benefit Model : - The criteria and recommendations of portfolio that shell fits the organization goals and calculate 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 item of a large number of pops , the methodology is intended to cringe the work of managersNUMERIC MODELS : - In these models Preference or Priority be , is initially made that helps rank a set of proposed projects , and among the ranked projects , the manager selects investments gelting from the top of the list , funding budgets to the best projects . There different Nonnumeric models areScoring Models : - In this modeling , the projects under term are scored by application of a mathematical radiation diagram to the factors believed to be of importance .

The value of factors evolved by the formula are 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 upstanding profit Economic models are based on design data , and are easy to use , but film the estimation of future income information , which is difficult to obtain in the early stage of project . These models are among the most usually used techniques in the selection processSome of the some of the well-known Methodologies are as follows : -a ) Cash Flow Payback : - The time from start 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 creative thinker that worth for a unit of money...If you want to get a full essay, order it on our website: Orderessay

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