They may be proud of this history and hence attach beliefs of sacredness to baseball stadiums.
The economic effects of sports facilities like stadiums are generally very hard to estimate due to the complexity of the task, flawed methodology, and often-inflated expectations of the parties administering.
He argues that airplanes are major sources of noise, water and air pollution. Because jets last 25-30 years it is difficult to mandate better fuel efficiency.
The claim that the benefits of a project exceed its costs is not persuasive when the benefits and the costs appear to rely on arbitrary valuations. 5.
When the company avoids health care costs that are not related with work conditions and injuries, it will also be able to remove the additional costs on employees which drain valuable sources.
Since a large portion of the total costs in IT projects is labor costs, it is a big challenge to assess labor costs upfront.
Because jets last 25-30 years it is difficult to mandate better fuel efficiency. Glycols are used for de-icing aircraft, and contribute significantly to water pollution. 45 of the 50 busiest airports in the US are within 3 miles of a major waterway.
investment will increase the firms value - It considers all cash flows Cons: - It is difficult to compare projects that are not similar - Requires the estimate of the cost of capital in order to compute net present value - It is expressed in terms
(3) Wrings out inefficiencies from the market and decrease costs e.g. for consumers. (4) Competition still exists from distributors and offshore companies to drive down costs.
For example if I am in good health, have a family history of longevity and don't desperately need the money right away it is more feasible to postpone benefits until the full retirement age.