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Creating a Successful Web Site Requires a Significant Investment in Time

question 43

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Creating a successful Web site requires a significant investment in time and other resources, thus requiring careful planning to maximize the effectiveness of these resources.


Definitions:

Discount Rate

In discounted cash flow analysis, it's the rate of interest used to determine today's value of cash flows expected in the future.

Certainty Equivalent Approach

A method used in capital budgeting and investment finance that adjusts the future cash flows of risky investments to reflect their riskiness as compared to a certain cash flow.

Computer Simulation

Computer Simulation is a digital simulation of a real-world process or system over time, using computer software to study the behavior under various conditions.

Asset Management

The systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner.

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