Engineering Economist articles from December 2000

Engineering Economist archives from December 2000

SOLVING LARGE REPLACEMENT PROBLEMS WITH BUDGET CONSTRAINTS.(Statistical Data Included)
December 22, 2000... ABSTRACT Traditional replacement models assume unlimited capital. In practice, however, firms frequently use budgets to control their expenditures. Budget constraints necessitate that all replacement decisions be considered as a portfolio,...

INTEGRATING TRADITIONAL CAPITAL BUDGETING CONCEPTS INTO AN INTERNATIONAL DECISION-MAKING ENVIRONMENT.
December 22, 2000... ABSTRACT The capital budgeting policies of 146 multinational companies are analyzed in light of current financial theory. Extensions of domestic practices into the international area are examined. There are a number of misapplications such...

ECONOMIES OF SCALE IN MINING -- ASSESSING UPPER BOUNDS WITH SIMULATION.
December 22, 2000... ABSTRACT As part of the trend towards, increasing levels of mechanisation and automation, mines are turning to the use of larger equipment in order to achieve economies of scale. Larger trucks, for example, result in fewer hauls and fewer...

CALCULATING THE EXPECTATION AND VARIANCE OF THE PRESENT VALUE FOR A RANDOM PROFIT STREAM OF UNCERTAIN DURATION.(Statistical Data Included)
December 22, 2000... ABSTRACT We derive the mean and variance of the random discounted sum [[[sigma].sup.N].sub.n=1] [[theta].sup.n][X.sub.n], when N is uncertain, as are the [X.sub.n]'s. This quantity arises in applications involving random cash-flows over an...

ORDER PROCESSING COST REDUCTION IN A JOINT VENDOR-BUYER INVENTORY SYSTEM VIA THE APPLICATION OF INFORMATION TECHNOLOGY.
December 22, 2000... ABSTRACT Modern information technologies have become important means for manufacturing and retailing firms to gain such competitive advantages as lower logistics costs and securer customers' loyalty. In this paper, we investigate a joint...

FUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS.
December 22, 2000... BY THOMAS P. EDMONDS, CINDY D. EDMONDS AND BOR-YI TSAY Irwin McGraw-Hill, New York, 2000, xxvii + 625 pp. ISBN: 0-07-021441-7. (Hardcover). List: $97.75. This new managerial accounting text by Edmonds, Edmonds, and Tsay is...