Payback period advantages include the fact that it is very simple method to calculate the period required and because of its simplicity it does not involve much complexity and helps to analyze the reliability of project and disadvantages of payback period includes the fact that it completely ignores the time value of money, fails to depict the detailed picture and ignore other factors too.
Payback Period Pros & Cons
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U.S. Power is an industrial energy services contractor that specializes in the reduction of energy consumption across a broad array of manufacturing and food processing facilities located in Michigan, Ohio, Indiana, Illinois and Wisconsin. In addition, the company publishes a useful curation of energy-oriented information from the marketplace, and consolidates it into a concise, monthly letter known as ‘The Fabulous Lighting Maven’, distributed to Facilities Managers throughout the nation.
While the company prides itself in its diversity, it owns and operates a specialty lighting contracting firm as well, known as U.S. Power Vision, LLC. With a core business in and around industrial LED lighting, it keeps itself and its clients at the cutting edge of illuminating and connective technologies, all aimed at providing – from the eyes to the fingertips – superb control and intuitive simplicity.