Introduction of the Time Factor in a cost – benefit estimation

Abstract

The thesis is targeted to contribute to the further development of the NOWS Method by converting the current static model into a dynamic model. With this purpose, the introduction of the Time Factor in the NOWS Method, through the consideration of the time value of money, is the central point of research. The objective of thesis is the discussion of the relevance of introducing the variable time in the NOWS Method, and the development of a methodology for this purpose. In this regard, the validation of the methodology through a practical investment case lead to the conclusion that the introduction of the time factor is a relevant point for an accurate investment decision making through the NOWS Method.