Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Investopedia / ...

Understand the replacement chain method, a crucial capital budgeting tool for comparing projects with different life spans. Explore how it works, its requirements, and alternatives.

Business can often be described as a series of projects, and projects are often dictated by a set of constraints. While projects vary, constraints on them typically fall into one of three categories.