Ratio testIn mathematics, the ratio test is a test (or "criterion") for the convergence of a series where each term is a real or complex number and an is nonzero when n is large. The test was first published by Jean le Rond d'Alembert and is sometimes known as d'Alembert's ratio test or as the Cauchy ratio test. The usual form of the test makes use of the limit The ratio test states that: if L < 1 then the series converges absolutely; if L > 1 then the series diverges; if L = 1 or the limit fails to exist, then the test is inconclusive, because there exist both convergent and divergent series that satisfy this case.
Time value of moneyThe time value of money is the widely accepted conjecture that there is greater benefit to receiving a sum of money now rather than an identical sum later. It may be seen as an implication of the later-developed concept of time preference. The time value of money is among the factors considered when weighing the opportunity costs of spending rather than saving or investing money. As such, it is among the reasons why interest is paid or earned: interest, whether it is on a bank deposit or debt, compensates the depositor or lender for the loss of their use of their money.
Root testIn mathematics, the root test is a criterion for the convergence (a convergence test) of an infinite series. It depends on the quantity where are the terms of the series, and states that the series converges absolutely if this quantity is less than one, but diverges if it is greater than one. It is particularly useful in connection with power series. The root test was developed first by Augustin-Louis Cauchy who published it in his textbook Cours d'analyse (1821). Thus, it is sometimes known as the Cauchy root test or Cauchy's radical test.
Design methodsDesign methods are procedures, techniques, aids, or tools for designing. They offer a number of different kinds of activities that a designer might use within an overall design process. Conventional procedures of design, such as drawing, can be regarded as design methods, but since the 1950s new procedures have been developed that are more usually grouped together under the name of "design methods". What design methods have in common is that they "are attempts to make public the hitherto private thinking of designers; to externalise the design process".
