StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Compare Financial alternatives for major purchases - Speech or Presentation Example

Cite this document
Summary
The construction of dams has long been acknowledged as one of the most efficient ways to divert water flows in order to be used for many potentially beneficial uses such as agricultural irrigation, human water consumption, and controlling devastating floods that use to happen in…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Compare Financial alternatives for major purchases
Read Text Preview

Extract of sample "Compare Financial alternatives for major purchases"

What are the positive aspects of dams? The construction of dams has long been acknowledged as one of the most efficient ways to divert water flows inorder to be used for many potentially beneficial uses such as agricultural irrigation, human water consumption, and controlling devastating floods that use to happen in many flood prone areas around the world. Another one of the most significant advantages of artificial dams is the ability to harness the flow of water in order to produce hydroelectric power.

This method is long acknowledged as one of the cleanest of producing electricity of all the currently commercially available technologies (Americanrivers, 2011).The construction of dams also allow for the creation of many opportunities for water sports, the construction of campsites, hiking and biking trails as well as hotels, lodges, and many other businesses around the lakeshore. The increase in tourism in the area along with all the improvements in infrastructure around the area will help develop the local economy and benefit all surrounding communities.

What are the negative aspects of building a dam?The subject of dam construction has been a hotly debated issue especially since the 1960’s when the environmental impact of dam construction started to be considered and analyzed. To start with constructing a new dam is an incredibly expensive and complex undertaking, usually with total project costs running into the billions and taking numerous years to complete (Pottinger, 1996). When a dam is constructed in a river system the whole balance of the ecosystem upstream and downstream of the newly constructed dam will be negatively affected or even completely destroyed as a direct consequence of disrupting the natural seasonal flow of the river system.

Prior to the construction of the dam, the river has a natural flow that responds to the seasonal changes and brings a constant flow of debris and sedimentation that helps bring food and nutrients for all the natural wildlife living in the river system. After a dam is constructed the flow of the water is artificially limited and controlled so the flow is usually constant and very restricted and only increased to decrease water levels or increase power production and does not correlate natural seasonal fluctuations.

Furthermore all the sedimentation and the necessary food and nutrients carried with it will now be deposited in the impoundment upstream of the dam, destroying the ecosystem and killing most of the natural wildlife downstream. The evaporation rate of the river system will be significantly higher because of the vastly greater surface area exposed to the wind and sun of the artificial lake created after dam construction. Another negative factor of eliminating the natural sedimentation will be increased erosion of the water banks and embankments.

The water temperature and average oxygen levels of the river system will be decreased since the water is usually released from a considerable depth in the dam where water temperature and dissolved oxygen levels will be inevitably much lower than normal. This will affect the ability of wildlife to adapt and survive. The magnitude of the environmental effects is correlated directly with the size of the dam itself. The environmental effects are profound and varied and must be carefully considered before a new dam project is authorized.

What are some alternatives to dams?Reusing or recycling non-potable water resources for irrigation, industrial processes and flushing toilets. Water use efficiency and conservation measures should be considered first and foremost in any project considering new dam construction. These types of initiatives can be extremely cost effective ways in controlling the use of water resources and are usually sponsored by local and federal government agencies. Programs designed to conserve water can help save considerable amounts of resources through measures like water-efficient retrofits in residential and commercial establishments which can save upwards of 35% as demonstrated by the results achieved by the city of Boston, Massachusetts in the 1980’s, costing taxpayers $40 million instead of the $500 million required for the small proposed dam (Americanrivers, 2011).

ReferencesAmericanrivers.com (2011). Dam Alternatives. Retrieved November 18, 2011 from http://www.americanrivers.org/our-work/water-supply/water-efficiency/dam-alternatives.html Pottinger, L. (1996). Environmental Impact of Large Dams: African Example. Retrieved November 18, 2011 from http://www.internationalrivers.org/africa/environmental-impacts-large-dams-african-examples

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Compare Financial alternatives for major purchases Speech or Presentation”, n.d.)
Compare Financial alternatives for major purchases Speech or Presentation. Retrieved from https://studentshare.org/finance-accounting/1584145-compare-financial-alternatives-for-major-purchases
(Compare Financial Alternatives for Major Purchases Speech or Presentation)
Compare Financial Alternatives for Major Purchases Speech or Presentation. https://studentshare.org/finance-accounting/1584145-compare-financial-alternatives-for-major-purchases.
“Compare Financial Alternatives for Major Purchases Speech or Presentation”, n.d. https://studentshare.org/finance-accounting/1584145-compare-financial-alternatives-for-major-purchases.
  • Cited: 0 times

CHECK THESE SAMPLES OF Compare Financial alternatives for major purchases

Financial Management: Small and Medium Business Enterprises

financial Management Part 1: Identify and explain the objectives and general principles of Panel of Takeovers and Merger The panel of Takeovers is an independent body which was developed in 1968 its objective is the fair treatment of shareholders and an opportunity is put in front of them to determine the general benefits of a takeover and that an offeror provides same if not better treatment to shareholders of the same class (Hicks & Goo 2008, p.... It essentially provides a structured framework through which takeovers are carried out and to uphold the reliability of the financial markets in combination with regulatory regimes of other places....
7 Pages (1750 words) Essay

Determining Consumer Behavior

Analysts and researchers argue that the instincts and needs of individuals have to be manipulated in such a way that they are inclined towards convincing individuals to making purchases.... Analysts and researchers argue that the instincts and needs of individuals have to be manipulated in such a way that they are inclined towards convincing individuals to making purchases.... This is an interpretation of the fact that purchases can not only be manipulated, but also predicted by psychologists....
4 Pages (1000 words) Essay

Characteristics of B2C Markets

Consumers can make routine purchases, complex purchases (high involvement products) or simply indulge in impulse buying.... There is also a substantial regional concentration in many major industries and among business users as a whole.... Buying is less frequent in industrial markets and includes three types of buying situations: New task buying: first time purchase of a major product (buying a heavy duty Volvo truck for the first time)Straight rebuy:...
5 Pages (1250 words) Essay

Ocean Carrier's Financial Management

The study "Ocean Carrier's financial Management" suggests the project is worth investing and whatever the company would expectedly receive from this investment i.... .... from the customer's proposal and also from the whole life of the ship in future has a positive value today.... The discount rate a great aspect of Net Present Value had to be assumed....
11 Pages (2750 words) Case Study

Consumer Behavior and Marketing Action

Need identification is usually dependent on the availability of financial resources to acquire goods or services.... This means that the need for a particular item in the market may be suppressed by financial difficulties.... They compare the present situation with that in which they will be in possession of the commodity.... Customers are influenced by social factors whereby they compare the necessity of a certain commodity with another in a family setting....
4 Pages (1000 words) Term Paper

Misrepresentations of Financial Statements

The paper "Misrepresentations of financial Statements" discusses that financial analysts considering goodwill and other intangibles as a part of the total assets of the company.... hellip; The financial analysts and governing bodies from various parts of the world are now working upon the approval of a single financial reporting and disclosure standard to be used globally so that the differences due to different disclosure requirements....
15 Pages (3750 words) Assignment

Consumer Purchase Decision Making Process

major segmentation variables are geographic, demographic, psychographic and behavioral.... The assignment “Consumer Purchase Decision Making Process“ focuses on heterogeneity of needs and wants in various consumer segments, Marketers' role in consumer purchase decision-making process, compares Products and brands on the basis of their unique selling propositions....
6 Pages (1500 words) Assignment

Alternative Forms of Currency

In essence, communities can escape the tedious formalities, requirements, and risks that are associated with conventional currency and enjoy the efficiencies related to alternatives ways of money while at the same time strengthening the local communities and enhancing business relations.... LETS responded to the need of European communities during tough financial times, and since then, the system has gained significant fame....
9 Pages (2250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us