Not many engineers aware about IRR/NPV method is the best way to make the decision for the project.
Luckily, I am a chemical engineer, who gained the basic knowledge of NPV and IRR via Economy Process offered by my university during my undergraduate study.
As an engineering manager, we have to make a lot of decision about the feasibility of the project. From finance point of view, expected return or finance cost for every single that the company invested shall be fruitfully produce the profit to the company.
I am not going to talk about NPV or IRR calculation here, I believe that I have discussed sufficiently in my previous chapter. Thus, the main focus here is the decision making mechanism from the calculated IRR, NPV and SPB.
