Abstract
The economic objective in allocating a budget is to maximize the total return on investment. In this chapter we illustrate practical approaches to budget allocation under two conditions. First, we illustrate allocation of a single budget, where the objective is to obtain the maximum return for that budget, without regard to future budgets. To do this, it is essential to make design/size increments of projects compete for funding.
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Reference
Ruegg, Rosalie T. 1987. Life-Cycle Costing Manual for the Federal Management Program. NBS Handbook 135. Gaithersburg, MD: National Bureau of Standards.
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© 1990 Springer Science+Business Media New York
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Ruegg, R.T., Marshall, H.E. (1990). Allocating Limited Budgets Among Competing Projects. In: Building Economics: Theory and Practice. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-4688-4_24
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DOI: https://doi.org/10.1007/978-1-4757-4688-4_24
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-4690-7
Online ISBN: 978-1-4757-4688-4
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