Suppose you have a malfunctioning air conditioner (AC) during the winter season. You assume that you won't require it at the moment and put off repairing it. But when summer arrives and the heat becomes unbearable, you must repair the AC. Unfortunately, it is the peak demand time, and finding a repair technician becomes challenging. When a technician finally arrives, they inform you that the repair will take an additional week and will be more expensive due to the increased cost of obtaining the necessary motherboard, which is in high demand.
Delaying your AC repair to later months, just when you need it, ended up becoming a costly affair.
The cost of delay in investments works in a similar manner. By delaying your investment, you may effectively delay your ability to generate
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