Tuesday, October 29, 2019
Capital Investment Decision Making Research Paper
Capital Investment Decision Making - Research Paper Example The institution must also decide on a payment and delivery modes of the van that would be cost-effective. Other decisions would include appropriate model of the van and urgency of acquiring the van (Cleverley, Cleverley & Song, 2011). Information for evaluation of the investment on the van shall include the institutionââ¬â¢s financial capacity, inventory, and expected trends; a clear record of prospective patientââ¬â¢s physical locations to determine the urgency for acquiring the van; other vehicles available that have the ability to be converted to self-contained ambulances; and the institutionââ¬â¢s capacity to maintain such form of capital investment. At the decision making process, there is a likelihood of several challenges (Klonowski, 2010). Conflict of interest among and between stakeholders and shareholders may slow down the decision making process. The participants at the decision-making forums would have divergent views regarding the subject that may make the decision making sluggish (Jackson, Sawyers, & Jenkins, 2009). Moreover, availability of the required information for evaluation of alternatives shall determine the pace of the decision-making process. If the information is not available readily, the process might be tedious and
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