Cost benefit analysis is a strategy used by businesses and individuals to weigh the potential outcome of an action in order to make a decision. One of the main ways people make decisions is by using a ...

Dan Galorath is founder and CEO of Galorath, a leader in cost estimation, actionable data and expertise for informed decision-making. Cost engineering has always been pivotal in balancing project ...

The ability to consistently get accurate cost estimates for new products and parts is elusive. Cost estimates are inherently imprecise, and the underlying drivers can change daily based on the price ...

The goal of engineering analysis is to use models of the real world to simulate and predict the performance of a design with confidence, explore design modifications, and inform downstream ...

Business leaders use both cost-benefit and breakeven analyses to steer their companies in the right direction and make critical decisions. However, each analysis is used for specific purposes and aids ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...

Differential analysis requires you to think about all the potential solutions to a particular business opportunity to determine which one is the most cost-effective. By analyzing the cost and revenue ...

The NAFA Fleet Management Association has produced a narrated learning presentation that explains the intricacies of lifecycle cost analysis. NAFA's new Lifecycle Cost Analysis for Fleets was created ...