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Repair or Replace? (Practice Problem #6)

Repair or Replace? (Practice Problem #6)

There are many typical Net Present Value (NPV) problems. One is the “repair or replace” scenario. Here is a fictitious example. Good Ol’ Amalgamated (GOA) of Arizona has an aging fleet of 1-ton trucks which are eating up profits because of high maintenance,...

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#National Author’s Day

#National Author’s Day

It's National Author's Day.  Did you know there was a day devoted to honoring all the authors out there?  Neither did I...until recently. So, in honor of National Author's Day, I thought we should spotlight our "resident author" and one of the books (yes, he has...

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Communicating Strategy

Communicating Strategy

Many years ago I sat down next to a Southwest Airline baggage handler on a SWA flight from Phoenix to Los Angeles. I asked him when would SWA open up Honolulu (this was the days before 737s we approved for that route) so I could go somewhere fun with all my frequent...

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