Thomas, D.
, Kneifel, J.
and Parekh, P.
(2024),
A Guide to the Smart Investment Tools, Advanced Manufacturing Series (NIST AMS), National Institute of Standards and Technology, Gaithersburg, MD, [online], https://doi.org/10.6028/NIST.AMS.100-62, https://tsapps.nist.gov/publication/get_pdf.cfm?pub_id=958510
(Accessed November 21, 2024)
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A Guide to the Smart Investment Tools
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Abstract
This report serves as a guide to the Smart Investment Tool and Smart Investment Tool Express (SITExpress). These tools aid a user in conducting an investment analysis with a focus on those in the manufacturing industry; however, the methods can be used for any investment. The Smart Investment Tool is an Excel tool that allows users to specify detailed cash flows and estimates net present value, internal rate of return, payback period, and examines sensitivity using Monte Carlo analysis. SITExpress is an express version of the Smart Investment Tool where it estimates similar metrics (net present value, internal rate of return, payback period, and the benefit cost ratio) from user data. The express version, however, is an online tool where the user enters aggregated total annual cash inflows and outflows; that is, the user only enters two values for each year: cash inflow and cash outflow. The express version also does not have the ability to conduct sensitivity analysis.Citation
Advanced Manufacturing Series (NIST AMS) - 100-62
Report Number
100-62
NIST Pub Series
Pub Type
NIST Pubs
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Keywords
Investment, manufacturing, net present value, present value, internal rate of return, payback, investment analysis
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Created October 10, 2024