Engineering Economist articles from April 2008

Engineering Economist archives from April 2008

Duration measures for corporate project valuation.
April 1, 2008... INTRODUCTION When evaluating a project, forecasting parameters such as cash flows, timing of cash flows, and a discount rate is a necessary process. Unfortunately, forecasted parameters are not always reliable even under the best of...

Bias and error in mine project capital cost estimation.
April 1, 2008... INTRODUCTION Mining companies and their financiers are exposed to a variety of risks. One of the main risks, completion risk, relates to whether a project is constructed on budget and on time. Uncertainty in the initial capital cost...

A simplified approach to understanding the Kalman filter technique.
April 1, 2008... INTRODUCTION Many models in economics and finance depend on data that are not observable. These unobserved data are usually in a context in which it is desirable for a model to predict future events. The Kalman filter has been used to...

Applying target costing in the development of marketable and environmentally friendly products from swine waste.
April 1, 2008... COMPETITIVE MARKET ENVIRONMENT OF PRODUCTS FROM SWINE MANURE The purpose of using the target costing system for the swine manure byproducts project is to enable researchers to develop a methodology for identifying and producing by-products...

A disputation between the authors and the reviewing editor.(Letter to the editor)
April 1, 2008... Letter to the Editor Authors Bertisen and Davis are commended for their study of mine project capital cost estimation. They rightly point out that the estimated cost when compared to the actual cost errs usually by underestimating. They...