Capital budgeting is the planning process used to determine whether an organization's long term investments such as new machinery, replacement of machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure. How To Prioritize Projects Capital budgeting is...
If your commercial lighting setup is old and out-of-date, consider a complete retrofit of the system. Retrofitting involves renovating the fixtures in specific premises to improve performance. When the undertaking is conducted well, you will notice better lighting input. Other potential benefits include reduced long-term...
Business owners and building managers alike have been waging a war against lower-efficiency facility lighting for generations. Now, with LED lighting more accessible and affordable than ever, facility managers are faced with the question not only of replacing their out-of-date lighting systems, but the question...
As with many business decisions, selecting the best LED fixtures for your business requires a careful weighing of cost against quality, value, and functionality. The wealth of choices and options available can seem overwhelming, and the decision hard to make without expertise in lighting. Here...
As a decision maker, you know that every decision you make for your business requires a thoughtful consideration of the costs and benefits involved. Here we will show that not only is a retrofit eco-friendly, safe, and cost effective in the long term, it is...
Since most high-quality LED fixtures are rated for 250,000 hours or 20+ years of continuous 24 hour use, building owners considering a commercial lighting retrofit should realize that they are investing for the long-term. A properly done LED retrofit requiring minimal or no maintenance will...
With this winter's extreme weather, it's becoming more and more clear that we have to act fast to address the issue of climate change. As a business owner, you're in a very special position when it comes to reducing your carbon footprint. Not only can...
The shorter days of fall and winter increase the hours of darkness around parking lots, schools, and outdoor public and business facilities. This darkness provides cover for criminal activities that would otherwise be difficult to conduct in broad daylight. Now is the time to improve...
In the past several decades, the lighting industry has come a long way, going from incandescent and fluorescent lights to HIDs and LEDs. The 21st century has brought us a new approach to lighting – smart operation. The power of smart lighting solutions is hard to...
How many times have you parked your vehicle in a parking garage and noticed that some of the fluorescent light bulbs were burned out? You not only noticed that the parking garage was dimly lit, but you realized it created a major security risk for...