Zusatztext "The book satisfies the academic need to introduce theory while providing relevant real-world application. It provides a logical progression through the world of organizational financial decision-making! and is geared to the non-finance major. It also provides insight into strategic best practices and is adaptable to audiences at the local! regional! and international levels."-Ernest C. Fields! Ph.D.! in Journal of International Students Informationen zum Autor Daniel Adrian Doss Klappentext Capital investments of cash flow provide future benefits to all organizations. This volume explores capital budgeting techniques from a quantitative perspective that targets the strategic future of revenues within the criminal justice and law enforcement sectors. The book discusses human decision-making, impediments to rendering objective decisions, and methods for improving decision objectivity. It reviews the concept of discounting and decision rules for net present value, and explains how to make an internal rate of return financial decision. It also provides the mathematical formula for the profitability ratio/index method and examines how to use it to make financial decisions. Zusammenfassung Traditionally! the study of financial decision making in law enforcement and criminal justice entities has been approached from the perspective of tax revenues and budgeting that focus only on the past and present. Capital investments of cash flow provide future benefits to all organizations! and among courses in business administration! these notions of long-term financial management are critical to a sound understanding of organizational finance. Strategic Finance for Criminal Justice Organizations examines capital budgeting techniques from a quantitative perspective that targets the strategic future of revenues within the criminal justice and law enforcement sectors.Explaining capital budgeting concepts through the use of practical examples! this volume discusses:Economics and the use of money as a tool to facilitate the exchange of goods and servicesHuman decision making! impediments to rendering objective decisions! and methods for improving decision objectivityThe consequences of making capital budgeting decisions! the concept of risk! and the time value of moneyThe rendering of decisions using the payback time method and the mathematical formula necessary to use itThe concept of discounting and decision rules for net present valueHow to make an internal rate of return financial decisionThe mathematical formula for the profitability ratio/index method and using it to make financial decisionsIn all organizations! it is essential that financial decisions are made through informed insight considering all relevant factors. This volume contributes to improvements of the skills that are required to robustly render beneficial! long-term strategic decisions within the law enforcement and criminal justice environment. Inhaltsverzeichnis Introductory Concepts. Concepts of Decisions. Financial Management Decisions.Tools of the Trade: Making a Decision. It Is Time for Payback: The Payback Time Method. A Present for the Present: The Net Present Value Method. How Do We Rate? With the Internal Rate of Return. Red or Black? The Profitability Index Method. Putting It All Together! Let s Make a Decision. Day and Night Shifts: Integrating the Concepts. The Slammer: Concluding Remarks. Afterword. Appendices. Index. ...

Autorentext

Daniel Adrian Doss

Klappentext

Capital investments of cash flow provide future benefits to all organizations. This volume explores capital budgeting techniques from a quantitative perspective that targets the strategic future of revenues within the criminal justice and law enforcement sectors. The book discusses human decision-making, impediments to rendering objective decisions, and methods for improving decision objectivity. It reviews the concept of discounting and decision rules for net present value, and explains how to make an internal rate of return financial decision. It also provides the mathematical formula for the profitability ratio/index method and examines how to use it to make financial decisions.

Zusammenfassung

Traditionally, the study of financial decision making in law enforcement and criminal justice entities has been approached from the perspective of tax revenues and budgeting that focus only on the past and present. Capital investments of cash flow provide future benefits to all organizations, and among courses in business administration, these notions of long-term financial management are critical to a sound understanding of organizational finance. Strategic Finance for Criminal Justice Organizations examines capital budgeting techniques from a quantitative perspective that targets the strategic future of revenues within the criminal justice and law enforcement sectors.

Explaining capital budgeting concepts through the use of practical examples, this volume discusses:

Economics and the use of money as a tool to facilitate the exchange of goods and services
Human decision making, impediments to rendering objective decisions, and methods for improving decision objectivity
The consequences of making capital budgeting decisions, the concept of risk, and the time value of money
The rendering of decisions using the payback time method and the mathematical formula necessary to use it
The concept of discounting and decision rules for net present value
How to make an internal rate of return financial decision
The mathematical formula for the profitability ratio/index method and using it to make financial decisions In all organizations, it is essential that financial decisions are made through informed insight considering all relevant factors. This volume contributes to improvements of the skills that are required to robustly render beneficial, long-term strategic decisions within the law enforcement and criminal justice environment.

Inhalt

Introductory Concepts. Concepts of Decisions. Financial Management Decisions.Tools of the Trade: Making a Decision. It Is Time for Payback: The Payback Time Method. A Present for the Present: The Net Present Value Method. How Do We Rate? With the Internal Rate of Return. Red or Black? The Profitability Index Method. Putting It All Together! Let's Make a Decision. Day and Night Shifts: Integrating the Concepts. The Slammer: Concluding Remarks. Afterword. Appendices. Index.