Engineering Process Model Flows
نویسنده
چکیده
This paper will review and critique the recent telecommunications proxy cost models that have been developed for the industry. While these cost models go into great detail on the engineering aspect of the telephone network, they lack a fundamental understanding of economics and finance, i.e. they fail to apply the appropriate, traditional techniques of engineering economics. Some do not use discounted cash flow (DCF) techniques to evaluate the capital investments. They simply use a revenue requirement method, based on arbitrary cost allocations. These cost models have ignored DCF’s major contribution to asset valuation.
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