Engineering Economist articles

Recent articles from Engineering Economist

Taking a moment to teach engineering economy.
June 22, 2007... INTRODUCTION When students are introduced to a new topic, they usually begin with an awareness of their lack of knowledge about the topic. An effective education environment is designed to advance the students' topical knowledge and skills to the point that they can apply the knowledge...

Fuzzy present value analysis model for evaluating information system projects.(Author abstract)
June 22, 2007... INTRODUCTION The need for more information system projects continues to grow as we continue to witness rapid advances in information technology. The selection of the right project based on its economic analysis cannot be overemphasized. However, information system projects have numerous...

Solving the winner determination problem in a divisible-object auction.(Author abstract)
June 22, 2007... INTRODUCTION Auctions can be used to allocate one or multiple objects to a set of winning bidders and determine the prices they pay. Depending on the auctioneer's objective, the auction goal may be to maximize the total utility of the agents (welfare maximization) or to maximize the...

Economics of managerial neglect in supply chain delivery performance.
March 22, 2006... INTRODUCTION In today's competitive business environment, customers require dependable on-time delivery from their suppliers. Delivery lead time is defined to be the elapsed time from the receipt of an order by the supplier to the receipt of the product ordered by the customer. Delivery...

Generalized multiple economy cost-of-living ordinary annuities from an interest theory perspective.
March 22, 2006... INTRODUCTION Annuities are common in our economic life and have been in existence for many years. There are several definitions in use; one based purely on interest theory (Kellison, 1991) and the other from the actuarial or insurance/retirement planning community (Bowers et al.,...