Present Value 1 : The value of a benefit or cost found by discounting future cash flows to the base year. Life-cycle costs may be expressed in either present value terms or annual value terms
Robert E. Chapman and Douglas S. Thomas, A Guide to Printed and Electronic Resources for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities, Glossary of Related Terms & Acronyms and Abbreviations, U.S. Department of Commerce Technology Administration National Institute of Standards and Technology, Office of Applied Economics Building and Fire Research Laboratory (NISTIR 7390), MD, USA 2007. http://fire.nist.gov/bfrlpubs/build07/PDF/b07011.p df, (Rsk Anlys and Mgt Procss - Amer) {986}
