Setting the Study Period
The study period defines the time over which costs and benefits are considered in a decision. Setting it correctly is critical to obtaining a valid solution. In this section we state the criterion for setting it, identify factors which determine its length, give examples of setting study periods under a variety of circumstances, discuss the need for replacements and residuals, and, in summary, provide a set of guidelines.
KeywordsTime Horizon Cash Flow Wood Flooring Individual Investor Project Life
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- Ruegg, Rosalie T. 1989. Benefits, costs, and time perspectives. Paper presented at the policy forum, Making Housing More Affordable through Energy Efficiency, 4–6 October 1989, in Washington, DC.Google Scholar